Panel: Climate Change After Bali
Climate Change After Bali
Ambassador Reno L. Harnish III, Principal Deputy Assistant Secretary of State, Bureau of Oceans and International Environmental and Scientific Affairs
Diana Farrell, Director, McKinsey Global Institute
Ken Caldeira, Scientist, Carnegie Institution Department of Global Ecology
Greg Dalton, Commonwealth Club Vice President, Director of The Club's Climate 1 Initiative, Moderator
After a dramatic 11th-hour compromise, the recent climate talks in Bali ended with a global consensus on a roadmap for reducing carbon emissions. Now what happens? Hear insights on the Bali conference and discuss what lies ahead. Many tough issues are on the table, including which countries should reduce carbon emissions the most and how much they should rely on market forces or government regulation. Corporations are naturally wondering how much this is all going to cost, but the bite might not be as bad as some fear. For example, a new McKinsey & Co. study concludes that if carbon emissions are priced at $50 a ton, nearly half of abatement efforts would save money over their lifecycle.
This program was recorded live on February 7, 2008