CONTENTS
pp. 2-3: INTERNATIONAL NEGOTIATIONS
and NATIONAL POLICIES

     :: To tax or not to tax?

     :: Copenhagen was not a failure
pp. 4-5: ENERGY POLICY
     :: Sustainable Biofuels
     :: CSP: new energy source to achieve the European emission target
pp. 6-8: FLEXIBLE MECHANISMS and DEVELOPING COUNTRIES
     :: The Indonesian commitment
     :: Africa is waiting for CDM reforms
pp. 8-10: CARBON PRICE
      :: Economics Models for the longterm carbon price evaluation
pp. 11: REFERENCES