20 October 2008, Reuters

Financial crisis has lessons for climate fight

James Cameron, the vice-chairman of Climate Change Capital, said this week that the global financial crisis should not be used as an excuse to curtail the fight against climate change. Cameron told a major carbon conference in Australia: “We run the risk that governments will choose to focus on the near-term crisis and allow themselves the delusion that there is more time available to deal with a crisis coming slowly from afar.”

But Cameron also said that the world had learned that capital could be mobilized across borders very fast to deal with the financial crisis and that this ability should be harnessed to deal with climate change.

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