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Articles by Sonia Medina

Sonia Medina is U.S. Country Director at EcoSecurities, a world leader in the international carbon market. She joined the company in 2003 and has considerable experience in the international and American greenhouse gas mitigation market, particularly in relation to carbon project development, capacity building and carbon transactions. The views expressed are her own and do not necessarily represent the views of EcoSecurities.

Featured Article

It’s great that climate change returns to the Senate agenda this week. The Clean Energy Jobs and American Power Act, introduced by Sen. John Kerry (D-Mass.) and Barbara Boxer (D-Calif.) seems to be gaining some momentum, but the slow pace in the Senate makes it extremely unlikely that a vote will occur before the forthcoming U.N. climate conference in Copenhagen in December.

Failure to move a bill means it will be difficult negotiators to cut deals on future emissions targets in Copenhagen. Even so, the climate talks are likely to see progress on deforestation issues, Clean Development Mechanism (CDM) reform, and, perhaps, some advancement in the understanding of sectoral mechanisms.

Kerry-Boxer is probably as tough as any bill can be in the Senate. This is not necessarily a bad thing; I think that the bill is a great step in the right direction; establishing a cap-and-trade scheme in the United States will provide the right incentives for American industries to reduce emissions in the most cost-effective way. However, as drafted, Kerry-Boxer contains a number of international carbon offset policies that are likely, if they remain unchanged, to result in wil... Read more

All Articles

  • A private sector view of offsets under a cap-and-trade program

    Medina co-authored this post with Toby Tiktinsky, Senior Client Manager, at EcoSecurities. Amid the fallout from the near collapse of the global financial system and revelations of significant fraud by financiers like Bernie Madoff and R. Allen Stanford, an intense debate has emerged over the role of business in society. The increased scrutiny of Wall […]

  • Climate talks should not focus on China and India at Africa’s expense

    The Clean Development Mechanism (CDM) has already failed Africa, some observers believe, so why bother post-2012 when the existing CDM framework established under the Kyoto Protocol expires? But as the international community prepares to negotiate a new climate pact, we should care about extending the CDM, and care a great deal. After all, the CDM […]

  • A closer look at problems with the sectoral approach to carbon offsets

    Last month I went home to Barcelona to attend Carbon Expo, one of the major annual gatherings for professionals involved in the global carbon market. There were many interesting conversations and panel discussions over the course of the three-day conference, but one in particular focused on sectoral mechanisms as a way of sourcing international offsets […]

  • ‘Sectoral carbon’ … Eh? Please define

    At times certain words become quite fashionable, though nobody is quite sure why. Everyone wants to use them, even as they can have different meanings for different people. In the discussion of climate change in the United States, “sectoral” seems to have achieved this particular honor over the past few months. Before we start, let’s […]