2011 – The Year of the CAT for Carbon Regulation?
The Chinese Year of the Tiger will soon cede to the Year of the Rabbit and, from a climate perspective, some might view the transition as apt. Since last December, after all, the heroic agenda of Copenhagen has morphed into the timid menu of Cancun. But appearances can be deceiving in the climate game, and a tiger remains crouched in the wings. Nick Stern recently invoked it:
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