But the markets alone – including a fully functional global carbon market – will not budge them from their current trajectories towards catastrophic emissions increases, concludes a new World Bank report titled “Winds of change: East Asia’s sustainable-energy future”.
“It is technically and economically feasible to stabilise CO2 emissions by 2025 in East Asia, provided that there are political will, institutional capacity and transfer of financing and technologies from developed countries,” the report says.
However,
