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Showing posts from December, 2009
Copenhagen
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So we have the UN Climate Change Conference being hosted in Copenhagen. We also have George Soros present who is going to form and fund an organization to advise policy makers on environmental issues and look after public interest as policies and programs are created to address climate change. And then we have the Executive Vice Chairman of Rothschild, Simon Linnett. But for the private sector to participate enthusiastically in a global carbon trading market, governments must collectively establish a robust framework within which trading can occur. It must be long, loud and legal: Long: it is going to be around for a long time Loud: it will be the dominant mechanism for sponsoring changes in behaviour and we are going to make this perfectly clear to the world's people Legal: we will enforce it through law A key implication of creating a legal yet global system of trading, is the loss of sovereignty it implies. Governments must be prepared to allow some subordination of ...