Russian 'hot air' threatens UN climate deal

The European Union is wondering what to do with billions of unused pollution credits accumulated by Russia, Ukraine and other former communist states of Eastern Europe under the Kyoto Protocol as lawmakers worry about the continuity of the carbon market beyond 2012. Environment ministers from the 27-member bloc met in Luxembourg on last Wednesday (21 October) to thrash out the position that the European Union will take to UN climate talks in December. But as an international agreement slowly ...

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