Carbon trade will play a bigger role in efforts to cope with global climate change in the future, a European Union (EU) representative said.

"From my perspective, carbon trade will further play an important role in addressing the challenge of climate change," Nuno Calastadi said on the sidelines of the United Nations Framework Convention on Climate Change (UNFCCC) here Thursday.

International carbon trade would serve as one of the key elements in the post-Kyoto Protocol climate regime, Nuno said.

Admitting that the EU`s policy on carbon pricing had neglected one of the stimulating factors in reduction of carbon emissions, Nuno said : "Of course, there must constantly be a sound market."

Therefore, cooperation among and support from relevant parties were needed to create a sound global carbon trade, Nuno said.

To encourage their participation in the global carbon trade, there was need to think about a proper mechanism for providing incentives, Nuno said.

The EU has set itself the target of slashing carbon emssions by up to 50 percent of the 1990 level by 2050.

To that end, the 27-nation bloc called on each developed nation to cut its carbon emissions by 30 percent in 2020, 60-80 percent in 2050 or well below the 1990 level. (*)

Source : Antara.co.id