Business plots path to global carbon market

WBCSD suggests how different emission management approaches could be linked to meet global carbon goals

National greenhouse gas emission management initiatives across the world should be linked together under a new post-2012 climate agreement to establish a global carbon price, international business sustainability group WBCSD says in a new report.

It says different national approaches, from "cap-and-trade" to technology standards, should be recognised under a single international framework overseen by an independent body.

This would have the added advantage of enabling differentiated contributions from developed and developing countries to a global goal, WBCSD says. This idea of "common but differentiated" responsibilities is a fundamental principle and point of debate in the UN's international climate talks.

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