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World Bank Carbon-Market Push Facing Poorer-Nation Suspicion

2015-06-05 13:58:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: The World Bank is working to overcome poorer nations suspicions about putting a price on carbon emissions as it seeks to expand greenhouse-gas trading internationally, according to the lenders special climate-change envoy. While charging for carbon is seen by developed countries as a way to fund emissions cuts, some less-rich nations want direct aid to combat climate change, Rachel Kyte said in an interview. The preference comes amid uneven rewards to developing economies from the United Nations...

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