I just returned this morning from the 2008 Global Katoomba Meeting themed “Developing an Infrastructure Fund for the Planet”….felt a bit like Pat Coady who said to me after the meeting “I have enough trouble trying to save 10 acres in our local land trust and now they want us to save the planet”.
It was a vast and daunting amount of information and opinion. John Holdren of the Woods Hole Research Center opened the meeting with an overview of the current science and economics. He’s a wonderful data presenter…and the news was bleak (I’ll put up his presentation when it becomes available). There were numerous insights both from his science and from other comments though the two days. For example, there are respected scientific analyst who see Lake Meade drying up before two decades….ironically I glance at the Soutwest Airline magazine on the flight to Providence and notice three enormous casino/resort development projects going up in Las Vegas…where have they been getting their environmental and economic advice?
Many of the significant early developers of carbon finance were present, and their thoughts were interesting…although the scale of the financing is troublingly large given the newness of the methodologies for credit creation, verification, and monitoring.
I spent a good bit of time collecting information on new efforts, pilots, and tool development….and tried to push folks along to provide more finance for those efforts.
As the presentations from the conference become available I’ll have more to say.