| A global climate deal must allow countries to meet their emission reduction commitments by funding green programmes in other nations, MPs will say today. A global carbon market of linked emissions trading scheme's is "the most cost-effective way possible" to cut CO2 levels, the Energy and Climate Change Committee (ECCC) writes in a new report.
Almost 200 countries are due to agree to cut CO2 emissions at a UN conference in Paris at the end of the year, with the overall aim of keeping global average temperature rise below 2C. By April nations must submit Intended Nationally Determined Contributions (INDCs) based on their domestic plans to curb emissions, marking a shift from the 1997 Kyoto Protocol that attempted to put a global carbon market in place to help countries meet the goal of reducing emissions by five per cent between 2008 and 2012...............................................Full Article: Source |