Reuters: The British government said it would buy 50 million pounds ($80.7 million) of U.N. carbon credits and cancel them as a way to help fund development and curb greenhouse gas emissions in poor countries.
The government's Carbon Market Finance initiative will buy and cancel Certified Emission Reductions (CERs), which are issued to projects in emerging markets that generate energy from biogas, solar panels and small hydropower units.
The projects would be registered under the U.N.'s Clean Development...