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The Low Carbon Economy Ltd

10 Jun 2010 04:06:07

Rich countries 'could take advantage of emissions loopholes'

Rich countries 'could take advantage of emissions loopholes'
Loopholes which exist in carbon reduction pledges mean that developed countries could in fact increase their emissions, according to the Guardian.

The newspaper reports that new United Nations' figures show that many countries would not need to make an effort to reduce their emissions to stay within the legal limits currently laid out. The figures suggested that emissions could in fact be increased by as much as eight per cent.

Asad Rehman, Friends of the Earth's international climate change campaigner, told the news provider: "The proposals on the table are riddled with loopholes so it's not surprising that current targets will do nothing to protect the world from climate disaster."

Another expert, Lim Li Lin, an analyst from the Malaysia-based Third World Network, said that developed countries were "undermining" the system.

Loopholes which were said to exist in the current system include the use of carbon markets to offset the emissions for rich countries and selling surplus carbon allowances which were created when the Soviet Union collapsed.

The news comes days after a report from the European Environment Agency suggested that the European Union was halfway towards meeting its carbon reduction targets. ADNFCR-1235-ID-19830196-ADNFCR

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