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European nations pledge limited support to ailing UN carbon scheme

Posted on 27 September 2013

A handful of European governments have thrown the U.N.’s main market to cut greenhouse gas emissions a lifeline by pledging to finance emission reduction projects that are viewed by the private sector as unprofitable.
Great Britain, Germany, Sweden, Norway and Belgium plan to pay more than current market prices for carbon credits known as Certified Emission Reductions (CERs) from emission reductions projects registered under the Clean Development Mechanism (CDM) in the world’s least developed countries………………………………………..Full Article: Source


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