Columbia International Affairs Online: Policy Briefs

CIAO DATE: 08/2009

Sectoral Solutions or Carbon Cartels: Will global industry proposals result in a fair and safe climate deal?

May 2009

Oxfam Publishing

Abstract

Big business has the power to make or break a fair and safe global deal to fight climate change in December 2009. On the occasion of the World Business Summit on Climate Change being held in Copenhagen May 24-26, Oxfam published an analysis of one of industry's key proposals for the climate negotiations: global sectoral industry approaches. Based on independent research commissioned from Jonas Meckling, Research Fellow at Harvard University, Oxfam concludes that voluntary sectoral agreements could undermine the principles of a fair and safe deal.