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Trading Emissions – Full global potential

An essay by Simon Linnett, Executive Vice Chairman of Rothschild.

The essay asserts that carbon trading will be one of the most effective methods to combat climate change, since it allows the private sector to play a major role.

The author argues that a global authority will be required to regulate carbon trading schemes, and that national governments must necessarily cede some of their sovereignty to this body.

Finally, Mr Linnett suggests that as a global financial centre, London would be the natural choice to house a newly constituted World Environment Agency.

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