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Jakarta Post

Second try: Carbon trading

  • The Jakarta Post

  /   Tue, December 3 2019   /  01:21 am

The annual United Nations climate conference is opening in Madrid this week, giving countries another chance to meet and consolidate their global climate action. There is an air of despair as world leaders are sluggish in responding to global climate protests run by youths all over the world and the emotional plea of Swedish teenager Greta Thunberg.Chile, which has been overwhelmed by antigovernment protests, pulled out from hosting the event just weeks before it started. No greater ambitions have come from countries, even though island states are crying out for help amid rising sea levels creeping up their coastlines. But there is also a renewed enthusiasm to establish an international market for an emissions trading system, an initiative that has been circulating since the first global climate treaty, the Kyoto Protocol.Once marred with scams that involved companies receiving money fro...