Improving Emissions Trading System a Top Priority at Montreal Conference

Andrei Marcu
Published: Wednesday, 11/30/2005 12:00 am EST

The Montreal meeting represents an important milestone in the process of addressing climate change. Market mechanisms have emerged over the last few years as one of the approaches favoured by a substantial part of the business community as they provide a price discovery mechanism, reward innovation and incentives for the development of low emission technologies. Designing an effective and efficient emissions trading system is important if we are to balance climate change commitments and a healthy economy.

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