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November 16, 2006

World Bank urges CO2 markets to invest in Africa

NAIROBI, Nov 15 (Reuters) - The World Bank criticised carbon market investors on Thursday for failing to fund clean energy projects in Africa and said there were many untapped opportunities on the world's poorest continent.

The Kyoto Protocol set rich countries limits on emissions of heat-trapping greenhouse gases, but lets them meet these by paying for projects like wind and hydropower in developing nations under its Clean Development Mechanism (CDM).

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Posted by pichu at November 16, 2006 9:02 PM