The Prime Minister has welcomed the launch of a new international partnership aimed at promoting and improving carbon trading.
Read the transcript for the film below:
Gordon Brown:
The launch of the International Carbon Action Partnership is a truly significant step forward in the global effort to combat climate change. I very much regret I can’t be with you on this important day, and I thank Portugal and Prime Minister Sócrates for hosting this important event. I know that Governor Schwarzenegger, who has provided so much leadership and inspiration on this issue, also wanted to be with you, and our thoughts are with the people of California during these tragic times. Building a global carbon market is, I believe, fundamental to reducing greenhouse gas emissions while allowing economies to grow and prosper. Trading emissions between nations allows us all to reach our greenhouse gas targets more cost-effectively, and it therefore allows us to reduce emissions by more than we could by acting alone. The United Kingdom has set its cap for the second phase of the European trading system from 2008 to 2012 at 13% below its 2005 emissions. We can do this by trading emissions with others in Europe and by investing in emissions reductions in the developing world. There are now 27 European nations trading emissions reductions. Three more will join next year. Over the last year we have watched the increased interest in and commitment to emissions trading in the United States and Canada and Australia and New Zealand and right around the world. Those represented here today are global leaders. Congratulations on coming together to form this vital new partnership. By working together, we can make our shared vision of a global carbon market a reality. Thank you.
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