RTCC: The head of the worlds only global emissions trading scheme (ETS) says EU climate ambition is central to ensuring carbon markets are a success.
In an email interview with RTCC, Peer Stiansen, the new chairman of the UN`s Clean Development Mechanism (CDM) Executive Board, warns the EU ETS was critical in development of the mechanism.
The recent down-turn in the EU ETS highlights the urgency of identifying or developing additional sources of demand for CDM units, he writes.
And despite...