Thursday, April 27, 2006
Britain urges global carbon trading as economic driver
A global carbon trading market, including Australia and the US, is the best way to protect the environment while promoting economic growth, Britain's finance minister Gordon Brown told the UN on April 20, 2006. "The innovation of carbon trading offers us a way to reinforce economic and environmental objectives simultaneously," he said. "Carbon saving can be a way of making money and increasing returns on investment. It makes economic opportunities of a climate-friendly energy policy real and tangible."
Britain now wants to extend a European Union-wide carbon reduction scheme beyond 2012 and link it with other initiatives around the world, including in the United States, Australia, Canada and South Korea to "make it the driver for a deep, liquid and long-term carbon trading system."
The ultimate goal must be a global carbon market to make the environment a driver of future economic growth.
