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Trading Carbon : December - January 2011
S02 DURBAN ROUNDTABLE WHAT WILL DURBAN DELIVER AND WHERE WILL IT SIT IN THE WIDER AIMS TO DEAL WITH CLIMATE CHANGE? The high-level UN climate change talks (COP/ MOP) in Durban are not set to agree on an historic new regime for the post-2012 world. The negotiations are but another step on the road to an agreement at some unspecified time ahead. But, despite the low expectations, the Durban disc ussions will have to address some important issues, such as the future of the Clean Development Mechanism (CDM). Here, Trading Carbon canvasses the opinions of several climate change and carbon market experts from around the world. We have asked them for their views on possible realistic Durban outcomes, what needs to be achieved in South Africa and the future of the UN Framework Convention on Climate Change (UNFCCC) disc ussions. They are: Felipe de Leon (FL), Costa Rica-based CDM advisor at emissions reduction project developer Anaconda Carbon; Martijn Wilder (MW), Sydney-based head of law firm Baker & McKenzie's global environmental markets and climate change practice; Lawrence Ang (LA), a climate negotiator for the Philippines government; Gareth Phillips (GP), chairman of the London-based project developer for um; Jenny Peetermans (JP), international policy director at the International Emissions Trading Association in Geneva; Jennifer Havercamp (JH), head of the international climate policy team at NGO Environmental Defense Fund in Washington, DC; and Pierre Ducret (PD) and Benoit Leguet (BL), chairman and head of research respectively at CDC Climat in Paris. Q: Do you think significant progress is possible in Durban given the current global economic climate? CurbYour Enthusiasm Dec 2011/Jan 2012 www.pointcarbon.com It is hard to see a future where the CDM retains its preeminent climate finance status Felipe de Leon, Anaconda Carbon