UNITED NATIONS, May 8 (Xinhua) -- Rich countries are
largely off-track in terms of meeting their commitments under the Kyoto Protocol
to reduce greenhouse gas emissions, the World Bank said in a report released
Tuesday.
The United States accounts for 22 percent of the
world's total emissions of Carbon dioxide (CO2), the main man-made cause of
global warming, the bank said in its annual report, the Little Green Data Book
2007, which is based on most recent comprehensive data available for 2003.
The share of the countries of the European Monetary
Union (EMU) stands at 10 percent.
The United States and Japan show "very high
increases" in emitting CO2, with 20 and 15 percent respectively between 1990
and2003, while emissions of the EMU countries grew 3 percent.
Under the Kyoto Protocol, industrialized countries
agreed to cut their emissions by 5.2 percent from 1990 levels by 2012.
Most industrial countries will not meet the target,
and the United States never signed the protocol, said the report, which was
launched at a meeting of the UN Commission on Sustainable Development.
It said CO2 emissions worldwide topped 27 billion
metric tons in 2003, an increase of 19 percent over 1990 levels.
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China provides half of world's carbon
credits under Kyoto Protocol
Beijing, March 26 (Xinhua) -- China has provided half of
the world's carbon credits under the Kyoto Protocol after developing 279
foreign-invested carbon reduction projects, the National Development and Reform
Commission (NDRC) announced on Monday.
These projects involved total investment of nine billion U.S.
dollars, said Xie Zhenhua, vice chairman of the NDRC.Full story
China becomes one of Kyoto's largest
carbon credit provider
BEIJING, March 16 (Xinhua) -- China has become the largest
provider among developing nations of carbon credits under the Kyoto Protocol
after approving more than 350 foreign-invested carbon reduction projects.
As a developing country, China is not obligated to meet
targets set by the Kyoto Protocol, but under the Clean Development Mechanism
(CDM) it can provide so-called carbon credits to developed countries if they
invest in projects that help reduce carbon emissions in China. Full story