The climate package approved by more than 190 countries last week should boost investor confidence in the governments’ determination to cut greenhouse gases, the International Emissions Trading Association said. Negotiators at the United Nations climate summit in Durban, South Africa, agreed on Dec. 11 that nations will adopt by 2015 a pollution-curbing deal with a legal force to be enacted by 2020. The new framework will include both industrialized and poor countries, ending the current legal construction that imposed mandatory goals on rich nations and allowed voluntary targets for developing ones. The deal “keeps the door open to new medium-term initiatives in which the private sector must have a role to play, and should to some degree increase confidence about the determination of governments across the world to limit carbon, and thus increase the value of low-carbon actions and investments,” IETA said on its website.
No comments:
Post a Comment