With an incisive report in hand about what awaits Latin America and the Caribbean in the future if action is not taken to fight climate change, economist John Nash defends the role of the World Bank and underscores the need to expand the so-called "clean development mechanism".Nash, the World Bank's lead economist for the region, sets out a dramatic scenario for what lies ahead if no agreement is reached to replace the Kyoto Protocol on climate change - a treaty that has been in force since 2005 and expires in 2012. A new treaty is the goal of the Conference of Parties to the United Nations Framework Convention on Climate Change, a 10-day event to take place in December in Copenhagen.
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