UZBEKISTAN
December 1st, 2001
From Alan OsbornThe fashionable term in setting up international energy projects these days is "flexible mechanisms" of which the best known is the trade in emission reductions, or carbon credits. The Framework Convention on Climate Change and the Kyoto Protocol, which guides implementation of the Convention, laid down emission reduction targets for industrialised countries but allowed flexibility to meet them through the purchase of emission credits from poorer countries. This makes a lot of economic sense. Many developing countries can reduce greenhouse gas ...
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