From commodities-now.com: Two international trade associations have joined forces to form a new group called the Carbon Markets and Investors Association (CMIA) with the aim of keeping the role of the market at the centre of next year’s global climate change talks in Copenhagen.The merger between Carbon Markets Association and International Carbon Investors and Services brings together sixty investment banks and service providers that handled around three quarters of the estimated $64 billion carbon market in 2007.
Companies in the new association aim to provide their market insights in the run up to the UN-brokered international talks in Copenhagen in 2009 which are seen as a deadline to agree a new deal post 2012 to follow the Kyoto Protocol. A series of international climate change talks will take place before the December 2009 gathering, including a session of working groups on long-term cooperative action and further emissions reduction commitments in Accra, Ghana, scheduled for August this year, and a full meeting of the Conference of Parties to the UN Framework Convention on Climate Change in Poznan, Poland in December 2008...... Full Article: Source |