How Kyoto Protocol’s Uncertain Future Affects Business
July 8, 2011, 4:44 PM EDT
Law360, New York (July 8, 2011, 4:44 PM EDT) -- Delegates to the international climate change convention’s 17th Conference of the Parties (COP17) will have their work cut out for them this coming November in South Africa. After a mid-year status meeting in early June of the more than 192 parties that will attend, one thing is clear: the fate of the Kyoto Protocol and its Clean Development Mechanism (CDM) are in limbo.
Most pundits now agree that, when the Kyoto Protocol’s first compliance period ends in 2012, a serious “regulatory gap” will likely ensue. In...