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 Posted: Wed Oct 08, 2008 8:14 am Post subject: WORLD CARBON EMISSIONS AUTHORITY |
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Fledging cap and trade carbon systems are being stymied by
international competition and irrational disagreements over what
structural model can best buy, sell and auction emissions permits.
What world governments and all businesses need immediately is a carbon
trading authority that has the power to set one world price for carbon
with one set of rules and regulations to cap and trade emissions to
reduce CO2 emission by a minimum of 2 0 percent by 2020 as well, as
kick starting competitive enterprise to facilitate clean energy
innovations and applications. $100 billion would be enough to set up
the World Carbon Emissions Authority that would within five years be
self-funding, transparent and efficient.
By Patrick Cusick
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