How refreshingly honest. Someone recognizes that these international (though perhaps a better word here would be inter-government) agreements are self-assigned pollution rights.

Russia will refuse to sell surplus carbon-emissions credits to other nations, removing from the market the biggest single pool of licenses to pollute under the Kyoto global-warming treaty, a government official said.

Victor Blinov, the deputy chief of Russia’s delegation to the United Nations climate talks in Poland, said in an interview yesterday evening that the country will hold the credits beyond the Kyoto Protocol’s 2012 deadline so they may be used in a successor treaty that’s being negotiated.

Source.

The Best of Manuel Lora