UN Rules Out Extending Kyoto Carbon Emissions Limits This Year
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The United Nations envoy leading climate talks ruled out extending greenhouse gas limits in the Kyoto Protocol this year, leaving in place doubts about the future of a $2.7 billion a year part of the carbon market.
Christiana Figueres, secretary general of the UN Framework Convention on Climate Change, said a meeting in Cancun, Mexico, wouldn’t be able to agree how to limit emissions after the current obligations under the pact expire in 2012.