United Nations climate envoys should set a carbon price rather than fix a global cap on greenhouse- gas emissions, cutting the complexity of international negotiations, David Silverstein, a neuroscientist with an interest in climate negotiations told Bloomberg.

Developing nations may accept a  global harmonized carbon price as long as they receive the money from setting that amount as well as a portion of funds raised by developed nations that have mostly caused climate change, said Silverstein, a researcher and teacher at the Royal Institute of Technology in Stockholm.

He told Bloomberg: “You could set a harmonized global floor price or tax rate in a year … You have some sort of scaffolding to allow global climate finance to develop in a more structured way.”

To read the full article, click here.

 

Stockholm.