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Uncertain future for carbon offset market
Date: February 1st 2010 Author:
Jasmina Nikoloska, Maidenhead
Category: Articles
Topic: CO2 emissions , Ecology
Topic: CO2 emissions , Ecology
The Copenhagen climate change conference of December 2009 teased with promises of environmental redemption, but unfortunately its outcome was such that, without a legally binding agreement, it is not clear how the carbon trading market can exist after 2012, when Kyoto Protocol expires.
The carbon offsetting market is designed to cut the total amount of carbon emissions in the world: if CO2 is emitted in one place, the same quantity of CO2 should be removed elsewhere, or in other words, if developed countries produce large amounts o...
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