Climos

Post-Kyoto climate change agreement will have expanded market mechanisms

June 13th, 2008, by kevin

Yvo de Boer, Executive Secretary of the UNFCCC, published this commentary on the status of the “Post-Kyoto” climate change agreement. In it, he says that negotiators on the post-Kyoto climate framework still prefer the CDM and market mechanisms as one of the policy solutions to curbing climate change. He writes, “it is clear that expanded, market-based mechanisms will play a central role.” This is good news for carbon offsets, which have been under fire of late.

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