(BN) EU Says It’s ‘Crucial’ for Cancun to Address Surplus AAU Credits


EU Says It's 'Crucial' for Cancun to Address Surplus AAU Credits
2010-11-29 15:43:01.742 GMT

By Ewa Krukowska
Nov. 29 (Bloomberg) -- European Union Climate Commissioner
Connie Hedegaard said it's "crucial" that negotiators at this
month's global climate talks in Cancun, Mexico, make progress on
how to deal with surplus emission rights awarded to nations
under the Kyoto Protocol for 2008 to 2012.
Hedegaard told a briefing in Brussels that allowing the
surplus rights, known as AAUs, to be used after 2012 would
"nether" global emission-reduction efforts.

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