'We have to do more in less time,' Spain's environment minister says as scientists' warnings, a US retreat and mass protests add urgency to UN climate talks that begin next week in Madrid.
, but efforts to roll these out worldwide have been hampered by fears that the lack of robust and transparent rules could corrupt the market.
That view was echoed by Yamide Dagnet, a former EU climate negotiator now with the Washington-based environmental think tank World Resources Institute. Concerns about the cost of climate change are growing on all fronts. Trump cited financial demands on the United States as one of the reasons for quitting the Paris accord; European countries have hesitated to raise fuel prices for fear of sparking yellow vests-style protests like those; meanwhile, businesses are beginning to consider the price not just of reducing emissions but also of failing to do so.
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