In December 2011 the UN Climate Change conference in Durban, South Africa was inconclusive in providing a new global framework for managing climate change once the Kyoto Protocol expires in 2012. A key impediment to a new deal is the desire for developed countries to have emerging nations agree to binding limits to their CO2 emissions, which was not the case under Kyoto. Emerging nations are resistant to accepting binding caps, arguing that it would harm their economic growth prospects.
What is clear, is that without the engagement of emerging nations in reducing their trajectory of CO2 emissions, there can be no overall success, since they are the countries that are growing the most quickly and will account for the bulk of growth in CO2 emissions in the future.
In such a context, CRH becomes a valuable strategy for engaging emerging nations on the CO2 question, since it links an economic benefit (production of CRH Energy) to CO2 capture, and creates an economic incentive, beyond the policy motivation. By helping engage emerging economies, the advent of CRH increases the prospects for success in tackling climate change at a global level.
Partnership between Developed & Emerging Nations
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