Doha: Kyoto extension unlikely to rescue carbon price
Dec.11, 2012 in
News
BusinessGreen: The extension of international emissions reduction agreements finalised at the Doha Climate Summit is unlikely to bolster the world’s flagging carbon markets, analysts have said.
The EU, Australia, Norway and several other industrialised nations signed up to a second commitment period of the Kyoto Protocol that will now run through to 2020, when a new global deal should be put in place.
However, the countries covered account for less than 15 per cent of the world’s emissions, with large polluters…
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