Environment policy is a crucial part of social policy. The problems involved can be solved only if all act in unison and in close international coordination. A progressive environment policy must comprise all the planning and defensive measures required to safeguard the environment.

The first Conference of the Parties to the UN Framework Convention on Climate Change opened the path for a new policy instrument to mitigate anthropogenic climate change. It instituted a pilot phase for international emission offsets, "Joint Implementation", open for all signatories to the...