Financing Green Technology and the Future for Carbon Pricing

Earlier this week hundreds of delegates convened at the Tyndall Centre’s inaugural conference to discuss, “financing green technology.” Countless examples of failed carbon pricing initiatives from all over the world were outlined before a general consensus was reached stating that, “carbon pricing alone would not stimulate the innovation needed to deliver green technologies.”

The alternative cited was, “bold legislation,” when used properly was the best hope of delivering low carbon technologies. The successful example cited was that of the “catalytic converter.” The US introduced clean air legislation in the 1970s and drove innovation by guaranteeing a market. Many engineers said that cleaning up emissions from cars was impossible, but despite their predictions, the catalytic converter was born and there has been a thousand-fold reduction in emissions since then.

The conference concluded that combination of legislation and direct help from the public sector would be essential for carbon technologies to make a significant impact in buying decisions. Do you agree with their conclusions or do you think there is hope for a self financed private sector to tackle climate change? Reuse…Save up to 90% off list price and save the environment too when you shop at UsedCisco.com By Joshua Levitt E-Commerce Sales and Marketing Manager for UsedCisco.com Taken from: Business Green Blog Sign up to receive the Green Your Network blog via email

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