Previously, it was believed that central banks could adequately support markets by allocating liquidity through banks, by altering liquidity in payments systems, or by changing the stance of monetary policy, and that this liquidity would flow unimpeded through the financial system. The events of last summer have challenged this consensus.
Following the Bali Roadmap on December 2007, and again through this seminar, the issues concerning the action of adaptation and mitigation of climate change will be discussed more comprehensively in searching for an effective and efficient global resolution.