Poor seek to cut CDM access at UN climate talks

More than 130 of the world’s poorest nations have sought to pressure richer countries to agree new legally-binding goals to cut greenhouse gas emissions by threatening to deny them access to cheap UN carbon credits, potentially making it more expensive for them to meet domestic emission goals.

The offsets, of which 995-million have been issued, have made it cheaper for governments and companies in industrialised nations to meet emissions targets through paying for low-cost emission reductions in the developing world instead of making more expensive cuts at home…