Carbon-trading systems will likely be a boon to lawyers, lobbyists and arbitrage junkies, a panel on emissions trading heard at the International Economic Forum of the Americas conference underway in Montreal.
But it is unlikely that the requisite global trading mechanisms will be in place and working quickly enough to rescue the planet from a climate catastrophe, Michael Dorsey, an environmental studies professor at DartmouthCollege in the U.S., said.
The Vermont senator nevertheless supported final passage of the Inflation Reduction Act, calling it "a step forward" on climate and drug prices.
Campaigners say action on climate change is in jeopardy if MPs such as climate science denier John Redwood are granted key posts.
British Airways owner IAG led the list of buyers last year, analysis shows.
The protesters attempted to draw attention to the urgent need for large-scale climate action and pressure Democrat legislators to act.
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