11 Apr '11, 9am

UK Govt gives backing to global scheme to help developing countries cut carbon emissions,

Today the UK Government gave its backing to a global scheme which will help developing countries cut their carbon emissions. The UK Government will support the World Bank’s Partnership for Market Readiness to help developing countries set up their own carbon trading systems to cut emissions. This will allow more investment in green technologies across the world and help stimulate private sector low carbon investment opportunities. The UK’s support joins financial contributions from the European Commission, Germany, Norway, Australia and the United States, and will help up to 15 developing countries to set up market-based policies including better international crediting systems and domestic trading schemes. Energy and Climate Change Secretary Chris Huhne said: “Carbon trading is one of the most cost effective ways for countries to reduce emissions so it’s vital that develo...

Full article: http://www.decc.gov.uk/en/content/cms/news/pn_036/pn_036....

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