One of the main tools of the Kyoto Protocol, the Clean Development Mechanism, will reduce carbon emissions by a billion tonnes by the end of 2012, the end of the present Kyoto commitment period, the UN has claimed. “We have crossed an important threshold with these reductions”, said Richard Kinley, the secretariat’s acting head. “It … Read More
Day: June 12, 2006
Energy Security Fears Haunt G8 Finance Meeting
The G8 Summit in St. Petersburg is now just weeks away but last weekend saw the city host a meeting of the G8’s Finance Ministers. Although there was said to be “plenty of smiles and warm words about friendship and collaboration”, the politicians failed to find unity over the sensitive issue of energy security.