Global temperatures must be kept as far below two degrees as possible in order to avoid catastrophe for lower socio-economic countries. Northern industrialised nations must make huge efforts to de-carbonise their economies – and fast. Tearfund believes that a global cap-and-trade system has the potential to lower carbon emissions and therefore be part of the solution to global warming.
This paper critically assesses the current systems used by EU ETS and CDM/JI, highlights the strengths and weaknesses of these mechanisms and identifies key concerns for their future implementation.
