Climate Change

SA’s businesses to turn to new emissions markets

Business Day Live 3 December 2012.

DOHA — South African businesses are soon likely to have access to a wider range of market mechanisms that can be used to trade “certifiable emission reductions” (CERs) with developed countries that want to offset their emission of greenhouse gases linked to climate change by funding clean development in non-industrialised regions.

Developing and approving new market mechanisms is part of the task that delegates from almost 200 nations have set themselves at the United Nations climate-change talks in Doha, Qatar, which end this weekend.

Africa and South Africa have up to now largely missed out on the developing world’s most commonly used market mechanism, the Clean Development Mechanism (CDM), and access to the most established market for CDM credits closes to South African companies on December 31…

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