"Anarchic" Cap and Trade Won't Help the Poor: IPCC Vice Chair
The market-based approach to capping and trading carbon emissions is currently "anarchic" and will not necessarily help the poor, according to Professor Mohan Munasinghe, Vice Chair of the 2007 Nobel Prize-winning Intergovernmental Panel on Climate Change (IPCC).

"Carbon markets need the appropriate rules; a framework in which the potentially trillion-dollar industry can operate," he told PATA Board and Committee members April 5, 2008 in Colombo, Sri Lanka.

Prof Munasinghe (pictured), a global expert on sustainable development, described climate change as undermining sustainable development efforts to help the poorest in the world by disproportionately and unfairly impacting them.

There are many obvious examples of unsustainable practices that exist today, he said, and there are many actionable things that individuals and businesses can do now to help mitigate the effects of climate change.

See attachment below to download a copy of Prof Munasinghe's presentation wherein he outlines the role tourism can play in addressing both climate and development concerns.