Europe Can Lift CO2 Market From Gridlock, Gazprom Says
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Europe needs to reinvigorate the world’s second-biggest emissions market as global climate talks to reduce greenhouse gases stall, the head of a carbon-trading unit of Russia’s OAO Gazprom said.
United Nations carbon offsets for delivery in a year fell 4 percent last week amid signals that differences between 190 developing and industrial nations may preclude a binding treaty at the climate meeting that started Nov. 29 in Cancun, Mexico.