German scientists endorse a global climate bank.
| Author | Block, Ben |
| Position | EYE ON EARTH |
German government advisers have proposed a new approach to pay for global reductions in greenhouse gas emissions: a global climate bank. Under the proposal, the bank would regulate each country's allowable emissions quota and a global emissions trading system. Countries that exceed their "carbon budgets," based on 2010 populations, would be required to buy excess allowances from the world's least-developed countries via the bank.
The most important measurement of a climate agreement's...
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