Carbon Markets

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Carbon markets work k and there are lots of implicit carbon markets too. Everything has an effect on cost, and costs have an effect on price. You can do carbon markets much better than we currently do. A genuine carbon internationalization of rising would be the way to do bottom up agreements. Itsa carbon markets absolutely crucial. They incentivize businesses. They cut through lobis. But let's generalize them. Thank you.

This debate, recorded on Thursday 28th October 2021, was part of Energised, a debate series from Intelligence Squared in partnership with Iberdrola, a leading company in the field of renewable energy. It’s make or break time for the planet. That’s the warning issued by the UN ahead of COP26 in Glasgow this November, when leaders and heads of state from all over the world will meet to agree on global action to fight climate change. The main goal will be for them to commit to reaching net-zero carbon emissions by the middle of the century with interim targets by 2030. If they don’t achieve this, many scientists warn, the effects of rising global temperatures – extreme weather, rising sea levels and warming oceans – may become irreversible. But what are the chances of success? Very little, if previous summits are anything to go by. Despite a COP having taken place every year since 1995 (with the exception of last year due to the pandemic), and all the buzz around the Kyoto Protocol of 2011 and the Paris Agreement of 2015, concentrations of greenhouse gas in the atmosphere have continued to rise steadily, even during the lockdowns of 2020. But this year there is an unprecedented urgency in the run up to the conference. Can the biggest emitters – China, the US, India, Russia and Japan – be persuaded to sign up to legally binding agreements on emissions? Will the voices of people from the Global South, where the effects of the climate crisis are already being felt, be heard? And is the UN’s top-down approach really the best way to tackle the most pressing existential threat facing the world today? We were joined by ScottishPower CEO Keith Anderson and Professor of Energy Policy and Official Fellow in Economics Dieter Helm to debate whether COP26 will make any serious contribution in the fight against climate change. The debate was chaired by Kamal Ahmed.

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