Kyoto retreat could hurt economy

Canada’s repudiation of its commitments under the Kyoto Protocol could harm its economy in coming years, warns the head of the United Nations Environment Program.

Achim Steiner says Canadian business could be left out of major profit opportunities created by an international emissions trading system that he predicts will be worth $100 billion in 10 years.
Steiner, a German who took over as UNEP executive director earlier this year, said there was disappointment with Ottawa’s stance at the UN Climate Conference that has just ended in Nairobi.

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