Alexander Sarac, General Counsel for Carbon Transactions and an associate director with EcoSecurities, talks about the Clean Development Mechanism and how it fits into emissions reduction efforts, and calls for an improvement in the CDM system and explains how the free market can play a key role in the process. Also see Alexander Sarac speaking from Bonn, April 2009. And Alex Michaelowa from Perspectives Climate Change, speaking from Barcelona in 2009.