New York Times: To Fight Climate Change, Clear the Air
Ever since the greatest climate negotiation "failure" at Copenhagen, it is hard to blame anyone for having low expectations towards the outcomes at Cancun, which has just begun. Academics Ramanathan and Victor have made an important point however, on the fact there are many other factor issues that negotiators at this round of talks should discuss about i.e. gases such as HFCs and methane. During the run-up to the event, media publicity and debate have been circling around the emission of one major contributor: carbon dioxide. Talks about carbon taxes, cap-and-trade etc. have grabbed the headlines, ignoring other significant contributors to global warming.
There is a lot of potential for the gas methane. The disadvantage, as stated in the article, is that "the accounting systems used in climate diplomacy are cumbersome and offer relatively few incentives for countries to make much effort to control methane". Nevertheless, that excuse of "accounting inconvenience" can also be used to demolish the authors' argument for using clean air as a common platform for negotiations at Cancun! There is no internationally-agreed method to calculating the cost of human lives as a result of polluted air. Many developing countries will even argue that the attracting of coal-reliant industries and destruction of rain forests would probably save more lives from hunger and poverty in the short-term.
The IEA's latest World Energy Outlook 2010, the discovery of unconventional gas in the United States and Qatar's efforts to promote its natural gas as a increasingly important energy resource all indicate that this resource will be playing a huge role in the transition to a renewable energy economy over the next few decades. What this also means is that there is a potentially enormous market for the collection, transportation and resale of methane gas. Energy companies and engineers should not let themselves be setback by the lack of accounting procedures, but instead aim to devise instruments for the collection and storage of methane. There are profits to be made from the sale of effective instruments and re-sale of methane gas especially to developing countries where their use is still significantly prominent. Global economic trends show that entrepreneurs and pioneers are most likely to emerge from immigrants or migrants from developing countries who have social ties that will enable the sale of methane gas back home. An opportunity like this is a clear example of how entrepreneurship and private investment in a global economy can contribute to the environment.
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