Global carbon markets: Poznan reforms must be matched by strong post-2012 deal at Copenhagen

Post-2012 deal should include reform and expansion of the global carbon markets, strong targets to create demand for reductions; and specific support for innovation and energy efficiency.

The global carbon markets have succeeded in channelling billions of euros towards low-carbon investments in developing countries. A new Carbon Trust report today backs the mechanisms as a key part of global action, but says that reforms are needed and must be matched by stronger international targets - and that associated policies on innovation and energy efficiency will still be needed to tackle climate change on a global level and put us on a path to long-term carbon reductions.