| Sourced From Forbes.com |
MEXICO CITY — Mexican President Felipe Calderon made a push Monday for his proposal for a $10 billion “green fund” as a more efficient way to fight climate change than carbon credits.
Calderon spoke at the opening of the latest session of the Major Economies Forum on Energy and Climate, which brings together representatives of 19 countries and the European Union that together account for 80 percent of the world’s greenhouse gas emissions.
“The current carbon credits would not have to disappear, but they are not an efficient mechanism,” Calderon said, noting that the credits market “has to match an industry that wants to pollute with another” that has projects to compensate or reduce gas emissions.
