M
|
arkets are about
profit, nothing else, and any idea that they might help the world stay below its
two degree “guardrail” is simply fantasy.
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| Professor of energy and climate change at the University of Manchester, Kevin Anderson, has no confidence in markets resolving the climate change challenge. |
A leading scientist has dismissed the United Nations’ call
for governments to use the world’s financial markets as the central weapon
against climate change as being “doomed to failure and a dangerous
distraction”.
Rajenda Pachauri, the chairman of the UN Intergovernmental
Panel on Climate Change (IPCC), said that the markets were humanity’s only hope
to combat global warming as he unveiled the panel’s latest landmark report on
Friday.
The Independent
reports: “However, Kevin Anderson, professor of energy and climate change at
the University of Manchester, criticised Dr Pachauri, saying his emphasis on
the markets would be counter-productive, diverting attention away from more
effective methods of tackling the problem.”
Read the story - “Plan to use financial markets to halt climate change is ‘doomed’”.
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