Report: EU attempts to salvage Kyoto Protocol

Point Carbon News cites sources suggesting new proposal could aim to secure future of Clean Development Mechanisms after 2012 The EU is reportedly working on a compromise package of proposals designed to end the deadlock between developing and industrialised nations over the future of the Kyoto Protocol.

A senior EU official told influential newswire Point Carbon News that diplomats are working on a plan that would see Kyoto extended beyond its current expiration date of 2012, on the understanding that it is then allowed to lapse in 2018 to be replaced by a new global pact.

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