Carbon Markets to Be a Focus of Poland Climate Talks, Marcu Says

By Mathew Carr – Jun 26, 2013 This year’s climate talks in Poland will attempt to establish a framework for rules governing industry-based carbon markets and non-market programs after 2020, according to the Centre for European Policy Studies. A so-called framework for various approaches would provide flexibility to nations wary of giving control over their domestic energy or greenhouse-gas markets to an international process, said Andrei Marcu, head of the centre’s carbon market forum in Brussels and adviser to Poland, which is hosting the United Nations negotiations in Warsaw starting Nov. 11. 3:17 June 26 (Bloomberg) — Former U.S. Representative Bob Inglis, a Republican from South Carolina, talks about President Barack Obama’s climate policy and immigration law. He speaks with Tom Keene and Sara Eisen on Bloomberg Television’s “Surveillance.” (Source: Bloomberg) The rules would allow nations to run their own programs, market or via government regulations and taxes, and choose whether they want to join the international market, he said yesterday by phone. Otherwise, countries could use their emission reductions domestically to show they are taking action to protect the climate, he said. President Barack Obama yesterday said his administration would “redouble” efforts to help forge an international climate-protection agreement that would govern emissions beyond 2020 and apply to all nations, not just those that have already industrialized. “We need an agreement that’s flexible, because different nations have different needs,” Obama said in a speech in Washington . “And if we can come together and get this right, we can define a sustainable future for your generation.” Using EPA Obama sought to limit U.S. emissions from existing and new fossil-fuel power stations and create free trade in clean-energy goods. His resolve to regulate using the Environmental Protection Agency may prompt the business community to lobby Congress to consider adopting more cost-effective carbon markets, said Anthony Hobley, president of the Climate Markets & Investments Association in London . Obama’s speech also may encourage the UN talks to become more pragmatic during their next few negotiating sessions, focusing on setting principles for domestic programs rather than seeking to impose targets, Hobley said yesterday in a phone interview. “We’ve been a little naive in what we expected international law to do.” To contact the reporter on this story: Mathew Carr in London at m.carr@bloomberg.net To contact the editor responsible for this story: Lars Paulsson at lpaulsson@bloomberg.net Taylor Scott International