Global Emission Trading
In the wake of human-accelerated runaway climate change and the fragmentation of national and regional efforts to its management, Forum for 21st Century has called in expert negotiations on the possibility of globally reinstating the economic backbone of climate change mitigation - trading of limited emissions allowances (CAT) - under fair and effective international law pursuant to the United Nations Framework Convention on Climate Change (UNFCCC).
In anticipation of a binding treaty with nearly universal base of signatory states committed to restrict harmful emissions to environmentally balanced levels, an equitable and depoliticized distribution of associated economic burden throughout the entire international community remains a crucial mission. After the liberty to unrestrictedly produce harmful emissions is forgone, the true wholesomeness of global CAT will depend heavily on the ability of the allowances to be efficiently traded between nations and industries in the undistorted market environment.
The forthcoming UNFCCC Bratislava Accord seeks to ascertain the fidelity, subsidiarity, additionality and directness of CAT mechanisms, to introduce antitrust practice and corrective measures to national regulations, and to ultimately focus on truly facilitating the carbon-balanced and climate-sustainable economy worldwide.