Have just seen an interesting piece that shows on this, the last day of COP15, the business community has been denied access to the conference because of a change in conference policy, that is beautifully and ludicrously ironic.
Up until today, businesses have established an informal system to share (trade) the very limited (capped) number of invites. What this has allowed, until today, is an efficient allocation of scarce resources, extracting the greatest utility at the lowest cost. Just what business is good at.
Except today, when everything comes to an end. The day when business needs to be involved in order to hear and shape any template for policy - policy that has to leverage cap and trade mechanisms - the organisers of COP15 have decided cap and trade is not an efficient or acceptable way to operate.
As if the conference hadn’t been frustrating enough….
Guy
