World Forum on Enterprise and the Environment 9

10 World Forum on Enterprise and the Environment2009 World Forum overviewIs There A Model For Low Carbon Growth?The 2009 World Forum, partnered by The Times and Arup, examined the linkages between economic activity and emissions, across several sectors, to consider feasible models of low carbon growth. Lord Browne noted that the great recession illustrated the current tension between economic growth and emission reduction. However, the Forum concluded a low-carbon economy is not only a possibility but a necessity, and it requires an end to deforestation and near zero-carbon electricity within several decades. Stronger and more long-term environmental prices (through trading or taxes) are required to deliver on these objectives. However, prices alone are insufficient without direct government intervention and planning to overcome other market failures.