June 12, 2008

Carbon Disclosure Project Calls For New Carbon Treaty

Speaking to the UN General Assembly at a meeting on private investments and climate change, Carbon Disclosure Project Chairman James Cameron said the world must reach agreement on a new internationally treaty that is binding in international law, Investment Management News reports.

The Carbon Disclosure Project, which is comprised of shareholders with some 57 trillion dollars in assets, provides information to investors and corporations on opportunities climate change presents to shareholders and commercial operations while developing an effective response.

Cameron says the Carbon Disclosure Project could cause companies to reassess their carbon footprint, which in turn could make a significance impact on the world’s GHG emissions.

Cameron also notes that private capital flows faster than public money and today’s carbon market delivers more money faster and more directly at the problem without drawing upon public money.

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