Carbon Expo: Waiting for the great leap forward?

The Cologne Carbon Expo is in full swing and attendees are largely in agreement that it is better to have a fragmented carbon market, than none at all. We can't afford to wait for a global agreement.

Day 1 of Carbon Expo in Cologne and delegates were told – as reported by the World Bank in its now annual State and Trends of the Carbon Market report – that the market is long – and likely to be long for some time. In other words, all the talk about new market mechanisms is just a sideshow to the reality that – as it currently stands – the global carbon market just doesn't have enough demand to match global supply. 

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