RUSSIA COULD FLOOD WORLD WITH CARBON CREDITS – FRENCH BANK PREDICTS
October 1st, 2010
BY KEITH NUTHALL
RUSSIAN President Dmitry Medvedev's call for his country to exploit the Kyoto Protocol's clean development mechanism could lead Russia to issue142 million carbon credits for 2008-2012, researchers for French bank Caisse des Depots et Consignations have claimed. This would make Russia the second largest issuer of such credits after China, it said, possibly depressing global prices for purchasing emissions.
ENDS
RUSSIAN President Dmitry Medvedev's call for his country to exploit the Kyoto Protocol's clean development mechanism could lead Russia to issue142 million carbon credits for 2008-2012, researchers for French bank Caisse des Depots et Consignations have claimed. This would make Russia the second largest issuer of such credits after China, it said, possibly depressing global prices for purchasing emissions.
ENDS
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