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U.N. panel issues 20 mln carbon offsets – report


A United Nations panel overseeing trade in carbon offsets under the Kyoto Protocol decided late on Friday to issue 20 million tonnes of offsets, the information company Point Carbon reported.

The panel, known as the executive board, oversees a $20 billion trade in offsets which allows rich countries to meet greenhouse gas emission limits by paying for carbon cuts in developing nations.

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