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Published: Monday 02 September, 2013

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COMPANIES may start investing billions of dollars in renewable energy in the developing world, after a decision at last weeks climate conference to back an incentive scheme known as the Clean Development Mechanism CDM.



The conference became bogged down as it tried to frame rule official michael kors factory outlet s for implementing cuts in emissions of greenhouse gases by industrialised nations, which were agreed last year in Kyoto. The meeting offloaded 142 decisions into a programme of work for the next two years. But amid the indecision, there was agree official michael kors factory outlet ment that the CDM should go ahead as soon as possible. It will be the first practical implementation of the Kyoto Protocol, British Deputy Pri official michael kors factory outlet me Minister John Prescott announced as the conference closed.



The CDM encourages companies to build wind, solar or other cleanenergy projects in developing countries. This should allow reductions in emissions of greenhouse gases in these nations, which do not have formal limits . official michael kors factory outlet

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