Australia Cuts Carbon Credit Amount After UN Review

Submitted 7 months ago by michelleoznowicz
from bloomberg.com
Full Article

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From Bloomberg.com --Australia will need to buy extra credits if its emissions exceed the assigned amount under rules of the protocol. It can sell spare credits if its emissions rise less than 8 percent from 1990 levels.

“ Australia reduced its estimate of assigned emission credits under the 1997 Kyoto Protocol by 1.1 percent after a review by a team of United Nations experts, giving the nation the sixth most generous allocation. ”

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