isramart : Carbon trading ‘will help climate change fight’

isramart news:
Carbon trading programmes will be “vital” in the fight against climate change, a new report has suggested.

The study, led by Mark Lazarowicz MP, looked into how cap and trade systems could help reduce carbon emissions and whether they cab fit into a global strategy.

It comes in response to proposals from the prime minister, Gordon Brown, that developed countries should work together and offer $100 billion annually to poorer countries to help them reduce their carbon footprint.

Launching his report, Mr Lazarowicz said that climate change is an “international threat that needs international action”.

“Cap and trade should be combined with targeted regulation, taxation and public finance for comprehensive action,” he said.

“This report proposes action in developed countries at two levels - ambitious national targets and a network of linked cap and trade systems for emitters.”

The UK’s domestic target to fight climate change is to cut down carbon emissions by 80 per cent from 1990 levels in the next four decades.