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The Madrid climate conference's real failure was not getting a broad deal on global carbon markets

  • Written by Robert Stavins, A.J. Meyer Professor of Energy and Economic Development, Harvard Kennedy School
The Madrid climate conference's real failure was not getting a broad deal on global carbon marketsActivists protest outside of COP25 climate talks in Madrid, Dec. 14, 2019.AP Photo/Manu Fernandez

Press accounts of the Madrid climate conference that adjourned on Dec. 15 are calling it a failure in the face of inspirational calls from youth activists and others for greater ambition. But based on my 25 years following and analyzing this process tog...

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