Climate Pact Fiasco Leaves Business Awaiting Rules

Failure of U.N. climate talks has dashed business hopes for clear rules over potentially lucrative technology transfer to the developing world and the emerging market of trading greenhouse gas emissions.

Published: 26-Nov-2000

THE HAGUE (Reuters) - The failure of U.N. climate talks has dashed business hopes for clear rules over potentially lucrative technology transfer to the developing world and the emerging market of trading greenhouse gas emissions.

"Business is disappointed with the outcome," said Nick Campbell, chairman of the Climate Change Working Group at the International Chamber of Commerce.

"We came here expecting a decision which would have clarified the rules and guidelines of the Kyoto Protocol. We now walk away as empty handed as everyone else and leave as confused as when we arrived about the role we might play in contributing to solutions."

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