Isramart news:
Two market mechanisms within the Kyoto Protocol can help overcome the North-South divide, and help reach a solution between rich and poor nations while overhauling the world’s energy industry and creating win-win solutions for the world economy.
The carbon market that I designed and drafted into the Kyoto Protocol is now trading $120 billion annually through the European Union Trading System. It starts by setting firm emission limits and allows those who over emit to compensate those who under emit, so far by $120 billion per year.