"The European Union wants to delay a deal to use carbon markets to reward countries which protect their tropical forests, beyond U.N. climate talks in Cancun, said EU climate commissioner Connie Hedegaard.
The aim of a U.N. deal on tropical forests is to pay countries which preserve their trees, and so cut carbon emissions, also called reduced emissions from deforestation and degradation (REDD).
The EU thought it was too early to pay countries by giving them tradable carbon offsets, which they could then sell to rich countries to help them meet their carbon emissions caps."
Reuters had the story December 7, 2010.
"EU to Help China Set Up Carbon Trading Project as Climate Summit Falters" (Bloomberg)
"Beyond Cancun: What's The Future Of Climate Policy?" (NPR)
"Climate Summit in Cancun Intent on Progress" (Washington Post)