Carbon emission trade "anarchic": academic
Contributors are not employed, compensated or governed by TD, opinions and statements are from the contributor directly
The market-based approach to capping and trading carbon emissions is currently “anarchic” and will not necessarily help the poor, according to Professor Mohan Munasinghe, Vice Chair of the 2007 Nobel Prize-winning Intergovernmental Panel on Climate Change (IPCC).
Nor will cap and trade give them the resources to adapt to climate change.
“Carbon markets need the appropriate rules; a framework in which the potentially trillion-dollar industry can operate,” he told Pacific Asia Travel Association (PATA) Board and Committee members meeting in Colombo.
Sri Lanka hosted the PATA meeting and Prof Munasinghe was part of the scene-setting session, “Climate Change - Obstacle and Opportunities”.
Prof Munasinghe, an internationally respected expert on sustainable development, described climate change as undermining sustainable development efforts to help the poorest in the world, by disproportionately and unfairly impacting those same people.
“You, as members of the travel and tourism industry, are empowered to change this,” he added. “Businesses can start today to implement the
many examples of good practices that have positive impacts on the triple bottomline: financial, natural and social.”
For example, Prof Munasinghe said reforestation and energy conservation are not new concepts; rather they are “old lessons of history”.
Comments are closed.