Jeffrey Sachs argued that simple approaches, such as carbon taxes, should replace
attempts to design complex financial instruments.
A high-level discussion on the role of the Kyoto
Protocol’s flexible mechanisms was held at Columbia University in New York, US,
on Thursday, 9 October 2008. The event took as its theme, “The Kyoto
Mechanisms: Key to Combating Climate Change?”
Much of the two-hour event involved a discussion between Yvo de Boer, Executive
Secretary of the UN Framework Convention on Climate Change (UNFCCC), and
Jeffrey Sachs, Director of the Earth Institute at Columbia University. These
two key speakers and other experts debated whether the Kyoto mechanisms or
carbon taxes are the best approach to cut greenhouse gas emissions.
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