Climate Pact Fiasco Leaves Business Awaiting Rules

"The failure of U.N. climate talks has dashed business hopes for clear rules over potentially lucrative technology transfer to the developing world and the emerging market of trading greenhouse gas emissions.Many companies say the international fight against global warming will provide big growth opportunities to build clean power stations in developing countries, especially in Asia and Latin America, where electricity demand is soaring...Emissions trading allows countries whose emissions are below their Kyoto targets to sell carbon credits to countries whose emissions are above their agreed pollution limits."

Thanks to Abhijeet Chavan