Greece suspended from UN Kyoto carbon trading
Last Updated : 7/28/2008 5:01:01 AM
Source : Todays Zaman - Istanbul, Turkey
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Greece has been suspended from UN carbon
trading in an unprecedented punishment for violating greenhouse gas
reporting rules that underpin a fight against global warming, officials
said on Tuesday. A group of legal
experts enforcing compliance with the UN's Kyoto Protocol also said it
was opening proceedings against Canada for alleged violations of rules
on accounting for heat-trapping gases. "Greece
is declared to be in non-compliance," the enforcement branch said in a
statement distributed by the Bonn-based UN Climate Change Secretariat,
the first such ruling since Kyoto entered into force in 2005. Athens
had failed to maintain a proper national system for recording
greenhouse gas emissions, key to ensuring compliance with the protocol
seeking to slow temperature rises that could bring more floods,
droughts, heat waves and rising seas. The
Kyoto Protocol imposes a cap on emissions of greenhouse gases by some
37 industrialized countries but allows them to meet their targets by
paying for emissions cuts elsewhere, such as in the developing world or
former East Bloc nations.
The
ruling means that Greece is barred from such offsetting except under
one track of emissions trading with former communist countries. Greek
companies would still be able to take part in a European Union market
for carbon dioxide. Greece's
emissions were running some 26 percent above 1990 levels in 2006,
slightly above Greece's Kyoto target of no more than 25 percent above
1990 levels between 2008-12. As a result it has little need to buy
offsets. The enforcement branch
also said that Canada had failed to provide a proper registry for
greenhouse gases and had missed a Jan. 1, 2007 reporting deadline by
more than two months. The Canadian finding was preliminary and needed
further research before any final rulings. Canada's
emissions were 25.3 percent above 1990 levels in 2005, far above a
Kyoto target of a 6 percent cut by 2008-12. Canada has said its target
is unachievable, as it develops oil sands which involve high carbon
emissions.
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