Trading Emissions – Full global potential

The essay asserts that carbon trading will be one of the most effective methods to combat climate change, since it allows the private sector to play a major role.

The author argues that a global authority will be required to regulate carbon trading schemes, and that national governments must necessarily cede some of their sovereignty to this body.

Finally, Mr Linnett suggests that as a global financial centre, London would be the natural choice to house a newly constituted World Environment Agency.