| The International Emissions Trading Association Monday urged countries to agree to a new unified international carbon market project crediting mechanism at a United Nations climate summit in Paris in December. Geneva-based IETA urged governments attending the UN climate talks to adopt decisions that would unify the range of emissions crediting systems currently in place and to make the new system operational by 2017.
"Developing countries can move to low-carbon pathways faster with the right set of market mechanisms and tools," the group said in a position paper setting out its priorities for the Paris summit. The current mix of emissions-offsetting mechanisms under the UN includes the Clean Development Mechanism, which allows companies or governments to earn carbon offset credits in return for investing in projects that cut greenhouse gas emissions in developing countries...............................................Full Article: Source |