Jacques Leslie (jacques) Tue 5 Jan 10 12:22
Emily, thanks for that link to Eshelman's article. So if the CDM dies, what is left of the carbon market that at least until recently has been quite robust in Europe? Would REDD keep it alive? Are there other mechanisms that would keep it going? Would California's attempts to join in be stymied?
Jennifer Powell (jnfr) Tue 5 Jan 10 16:37
This has been great reading, Emily and all. Thanks!
Steve Bjerklie (stevebj) Wed 6 Jan 10 02:51
Indeed. I really appreciate your time and posts here, Emily.
Gary Greenberg (gberg) Wed 6 Jan 10 02:56
Same here. But I stil don't understand. If the earth is warming, why is it so damn cold here in New England this winter. Should I just go outside and start emptying spray bottles into the air to speed things along?
Lisa Harris (lrph) Wed 6 Jan 10 06:35
We've turned our attention to another discussion (Bruce Sterling's State of the World), but I just wanted to thank Emily again for joining us and for providing us all with incredible insight into the Climate Talks. Of course, this topic will continue as long as you'd all like.
Emily J. Gertz (emilyg) Wed 6 Jan 10 07:22
Thanks, Lisa! Thank you all for coming by to ask questions and discuss the conference. Jacques, at the moment I have a hard time imagining that the current Kyoto signatories will let CDM and the European carbon market just wither and die. Keeping that from happening is a big incentive to get a new deal worked out, it would seem. I do not know if there would be enough activity under REDD to sustain the whole market, since it's limited to forest preservation. That's a huge arena, but the current CDM also allows for things like, say, Germany funding a low-carbon development project in Poland, that is to say, richest industrialized nations funding / getting credits for projects in poorest industrialized nations (pretty much the former Eastern Bloc). But just because I don't imagine it right now doesn't mean it can't or won't happen. COP15 really laid bare some unfortunate (for the climate) truths about global superpower shifts, since China and India are probably a lot more resilient against outside pressures to conform to a good climate deal than other major economies. And it also revealed that the current form and format of negotiating this deal may not be robust enough to create the next treaty. I don't know if there are other mechanisms to keep CDM going. Perhaps it could be split off into a project under other parts of the UN, like REDD. On the topic of California, or American states in general, joining the European carbon market: pretty fascinating possibility. Over the past decade, it's been the states that have led in taking action on global warming. They essentially side-stepped the intransigence of the Bush administration. That can only be a limited response in the end, but it's led to some "real-world" trials of things like US carbon markets, and shown that they've got potential to work in this country. The biggest hurdle right now is probably that the US is not a party to the Kyoto Accord. Wouldn't it be delicious if cities and states could independently join the accord? Many already have signed on in principle.
Jacques Leslie (jacques) Wed 6 Jan 10 15:32
Thanks, Emily, for all your enlightening, judicious responses they've made for a terrific discussion. I hope you'll continue to cover climate change, probably the most single most important international issue.
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