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UN Estimates AAU Emission Allowance Surplus of Up to 11 Gigatons
2010-08-05 10:10:17.171 GMT
By Jeremy van Loon
Aug. 5 (Bloomberg) -- As much as 11 gigatons of spare
carbon-dioxide emission allowances may be carried over into a
new climate-change treaty, according to estimates by the co-head
of one of the United Nations's negotiating panels.
A range of 7 gigatons to 11 gigatons may require a cap or
levies among the tools to limit the impact on actual emissions,
Leon Charles, who co-chairs the Kyoto Protocol track of the
United Nations Framework Convention on Climate Change, said
during a UN climate meeting in Bonn.
Assigned Amount Units, or AAUs, were allotted to nations in
eastern Europe following the economic collapse during their
transition to market economies from communism in the early
1990s. Critics have called the AAUs "hot air" because they do
not represent real greenhouse-gas reductions.
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--Editor: Randall Hackley
To contact the reporter on this story:
Jeremy van Loon in Bonn via +49-30-70010-6231 or
jvanloon@bloomberg.net
To contact the editor responsible for this story:
Reed Landberg at +44-20-7330-7862 or
landberg@bloomberg.net
