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Forest-Protection Negotiations at UN Are 'Suffering,' BofA Says
2010-10-19 09:30:01.861 GMT
By Mathew Carr and Ewa Krukowska
Oct. 19 (Bloomberg) -- United Nations talks intended to
encourage a forest-protection program are progressing at a
slower pace than expected, according to the head of carbon at
Bank of America Merrill Lynch.
Forest-protection negotiations in Tianjin, China, earlier
this month were "suffering the same issues" as wider talks
that are bogged down in wrangling between developed and
developing nations, BofA's Abyd Karmali said today at a Platts
emissions conference in Brussels.
"I can't see a whole host of private-sector capital going
towards" forest-protection programs that would create emission
credits, he said.
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To contact the reporter on this story:
Mathew Carr in London at +44-20-7073-3531 or
m.carr@bloomberg.net
To contact the editor responsible for this story:
Mike Anderson at +44-20-7673-2718 or
manderson34@bloomberg.net
