Africa has missed out on booming investment in clean energy projects partly over worries that it is a tough destination to do business, a UN official said on Tuesday.
The Kyoto Protocol obliges 35 rich nations to cut greenhouse gases by 5% below 1990 levels by 2008-12, mostly through curbing the release of heat-trapping carbon dioxide.
An element of the treaty is the Clean Development Mechanism (CDM) which helps nations meet their reduction targets by funding green energy development in poor countries in exchange for carbon credits.
Read More at FIN24.co.za
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