UN calls on Australia to honour commercial commitments to carbon
From the United Nations Climate Change Convention Framework
The United Nations Climate Change Framework has observed that industrialised nations are threatening the emerging carbon market, which rich countries proposed, as well as the entire accord process designed to lead to a new treaty on climate change in Copenhagen next year, because of a lack of action over their own emissions.”The emission quotas laid down in Kyoto are no longer abstract numbers on diplomatic papers, they are commercial contracts that govern the carbon market,” said head of the UN’s Climate Change Secretariat, Yvo de Boer. In preparation for next week’s meeting in Poland, many developing countries have agreed to comply with the harsh restrictions on their economic growth demanded by the United States in Bali, in an attempt to see the conference succeed.