Time is running out for Romania and Bulgaria, the European Union’s poorest nations, to earn much needed cash in tough times and make their economies greener by selling surplus emissions rights under the Kyoto Protocol.
The Balkan neighbours, along with other former communist east European countries, are comfortably below their carbon emissions targets set by the Kyoto climate pact, and can sell the excess to other industrialised countries having trouble meeting their own targets.
Continue Reading at
Posted on May 4, 2010 · in Europe
| Sourced From |
The clearest sign yet that Copenhagen won’t produce its intended goal, a new legally-binding agreement on climate change, has emerged from a meeting of key leaders at the Asia-Pacific Economic Cooperation (APEC) forum in Singapore on the weekend.
Continue
Posted on November 21, 2009 · in Asia
BARCELONA (Reuters) – The global economic downturn and a growing trade in sovereign emissions rights are combining to create a “perfect storm” that threatens to derail already sluggish efforts to cut greenhouse gases in poor countries.
Continue Reading on
Posted on June 7, 2009 · in Global
| Sourced From |
UPDATE 2- BEIJING, May 21 (Reuters) – Rich nations should cut their greenhouse gas emissions by at least 40 percent by 2020 from 1990 levels as part of a new global climate change pact, China said on Thursday, spelling out its stance ahead of negotiations.
Continue Reading on
Posted on May 21, 2009 · in Asia
