LONDON, July 21 (Reuters) – The Kyoto Protocol’s clean development mechanism (CDM) may end from 2013 unless the world can agree and put into force a new round of carbon emissions targets before then, a U.N. paper has said.
The CDM enabled a $20.6 billion trade in carbon emissions rights between rich and poor countries in 2009, to help developed countries meet their carbon emissions caps under Kyoto from 2008-2012.
The world has so far failed to agree a new round of commitments, in faltering U.N. talks. Countries which are party to the Kyoto Protocol asked the U.N. climate change secretariat in June to report back on legal options to avoid a political vacuum, or gap, at the end of 2012. (More)
English 
French 