New Ideas for Harnessing Global Carbon Markets to Confront Climate Change

SINGAPORE, May 1, 2013 /PRNewswire/ -- Sindicatum Sustainable Resources' Group CEO Assaad W. Razzouk participated in a Carbon Market Reform private event in Washington, D.C. on 29 April 2013, at which a report jointly authored by the Center for American Progress and by Climate Advisers was released.  Read the report.
The report targets the prevailing opinion that the carbon markets, most notably the Clean Development Mechanism (or CDM) created by the 1997 Kyoto Protocol, have been ineffective and even damaging, even to the extent of creating incentives in some countries to produce dangerous greenhouse gases only to destroy them.  The report, written by former State Department Senior Climate Official Nigel Purvis and well-respected climate scholars Samuel Grausz and Andrew Light, concludes that while global carbon markets have had setbacks, they have quietly catalyzed climate action in major emerging countries and should be nurtured and supported.http://media.prnewswire.com/en/jsp/latest.jsp?resourceid=6763114&access=EH

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