isramart : UK report backs carbon trading

isramart news:
International carbon trading could slash the cost of cutting greenhouse gas emissions by 70 per cent, according to a report commissioned by the UK government.

A dollar invested in an international emissions market can reduce 40 to 50 per cent more carbon than a similar amount invested only in reductions, in part because cutting emissions in developing countries is often cheaper than in rich nations.

Mark Lazarowicz, the MP responsible for the report said: “The evidence shows that global carbon trading can deliver substantial cuts in greenhouse gases rapidly and cost-effectively.”