DESPITE its rejection by America, the Kyoto Protocol to reduce greenhouse gas emissions has now been agreed and is set to move towards ratification and implementation within two years. Ministers from 180 countries reached a compromise deal over the treaty after lengthy negotiations in Marrakesh, Morocco at the week-end (finished on Saturday 10th).

The final text provides for various ways in which highly industrialised countries can offset straight emission reductions through emission credits trading or the use of carbon sinks. The ...

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