Tag Archives: Adaptation

The Shotgun and the Sniper

“The time for silver bullets has passed,” proclaimed Marc Stewart, “What we need is a Shotgun!” In his bright Bali shirt, Nike sneakers and Investment Banker haircut, Mr Stewart is the firm-handshaking, fist pumping, ever effusive all-American co-founder of Ecosecurities, a firm that specialises in developing and marketing carbon trading projects under the Clean Development Mechanism – CDM – of the Kyoto Protocol. With emission reductions under Kyoto less than a month away, Mr Stewart’s firm is looking to extend its market capitalisation to far beyond its existing 40 million USD. The Ecosecurity model functions in the following way – they find and help develop projects in the developing world that is eligible for credit credits under the CDM, and then sell the credits to firms in EU, and across the world, that are looking to meet their Kyoto targets by offsetting excess emissions against carbon credits. Firms like Ecosecurities pushed the carbon market to 30 billion dollars in 2006; and if Annex 1 agrees to further emission cuts (25-40 per cent below 1992 by 2020) the potential size of the market is open to the most optimistic hyperbole.

The “Shotgun Approach” suggested by Stewart was his response to the fact Continue reading The Shotgun and the Sniper