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IDEAcarbon Chairman Ian Johnson explains why a market for trading carbon emissions is an effective system to reduce greenhouse gases, and lauds the Kyoto Protocol as the first global framework for trading.
Johnson claims the Kyoto Protocal was the first global experiment in commodifying a public good, a real solution to to the classic Tragedy of the Commons.
Ian Johnson, former World Bank Vice President of Sustainable Development, lists the necessary aspects of a successful "global deal" for carbon reduction.
Johnson suggests drastic, but achievable changes to current practices, with the hope that saving the environment and developing the third world can go hand in hand.
Ian Johnson discusses the maturation of the carbon market, as regulation and oversight have been streamlined and public understanding of carbon trading itself has become more widespread.
Johnson claims that the market is still taking shape, and we will not see a fully developed market infrastructure for at least a few years, but when it does it will be an efficient and profitable one.