Bonn: the key points of the deal

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Series Details Vol.7, No.30, 26.7.01, p2
Publication Date 26/07/2001
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Date: 26/07/01

  • Overall target: 5.2% reduction in emissions of greenhouse gases by industrialised countries between 1990 and 2012
  • Sinks: Carbon-absorbing forests will count against national reductions - up to 3% of the overall target
  • Flexible mechanisms: rich countries can offset funding for emissions-reducing projects in developing countries
  • Emissions trading: governments can buy the right to exceed their limits from countries falling short of theirs
  • Poor countries: will receive around h570 million a year in funding for their own climate-change programmes
  • Penalties: countries breaking the limits will have stiffer targets imposed in the next round of reductions
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