UN Regulator May Need Expanded Global Carbon Role: Marcu

The United Nations emissions regulator in Bonn will probably need expanded authority to approve new national markets for UN compliance, according the Carbon Market Forum in Brussels.

With few nations expected to agree on extending the 1997 Kyoto Protocol when its targets for industrialized nations expire this year, national governments will probably take the lead in creating carbon markets over the next few years, Andrei Marcu, head of the Centre for European Policy Studies’ Carbon Market Forum in Brussels, said in an Oct. 5 paper.

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