The World Bank’s job is to fight poverty. Key to lifting people out of poverty is access to reliable modern energy. It makes sense.
Since they first emerged as a result of the 1997 Kyoto Protocol, carbon offset markets have been a key part of international emissions reductions agreements, allowing rich countries in the North to invest in “emissions-saving projects” in the South while they continue to emit CO2.
Negotiators from Least Developed Countries are calling for the United Nations climate body to urgently establish a rescue fund to save Kyoto Protocol’s Clean Development Mechanism from collapse.
For the small island developing states of the Caribbean, there is nothing more important than the United Nations Climate Change Conference taking place here at the national stadium of Poland from Nov. 11-22.
Environmental organisations in Mexico are hoping to finance the promotion of fuel-efficient wood-fired cookstoves, which reduce harmful greenhouse gas emissions, through the sale of carbon credits on the voluntary market.