Island nations signal end for Kyoto cash cow
BANGKOK Aug 31 (Reuters Point Carbon) - Nations most at risk from rising sea levels told U.N. climate talks in Thailand on Friday that they would not support any move to include emissions from destroying HFC-23 in carbon markets being negotiated under a new climate treaty, likely bringing an end to the biggest private-sector cash cow originated through the international negotiations.
The Alliance of Small Island States (AOSIS) said they would not support the inclusion of projects that cut emissions of the controversial gas in new markets, saying it was "inappropriate" to regulate emissions of highly potent greenhouse gases this way.
"We don't want to see HFC-23 under new market mechanisms. We think we should be careful using markets for cutting those emissions," said Hugh Sealy, a negotiator with Grenada who represents more than 40 low-lying and vulnerable nations at the talks.