New Times,
New Thinking.

Rogue traders could save Kyoto

Carbon traders do not easily secure sympathy. Yet their role is vital.

By Mark Lynas

Shed a tear for the carbon traders. At a Point Carbon trading conference in Amsterdam earlier this month, the air of despondency was more than palpable, it was physical. At the session I chaired, delegates sat slumped in their seats. There were few questions. Everyone I spoke to felt the same way. Copenhagen was a disaster. No one knew where things were headed now. Some were considering new careers.

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