There is some good and some bad news about the International Carbon Action Partnership (ICAP) which was launched in Lisbon on 29 October.

First the good news: the new international forum links up the EU Commission and seven member states (France, Germany, the UK, Italy, the Netherlands, Ireland and Portugal) with eleven US and Canadian regional states (the likes of New York, Maine, California and British Columbia) to exchange information and best practices about their efforts to create carbon markets through a cap-and-trade system.

The bad news: where are the other 20 EU member states? And what about other federal governments such as the US, Russia, China or India?

Further reading: