The country delegates present at the first trading working group meeting broadly agreed on the extension of the Clean Development Mechanisms, which include implementation of emission trading credits. However there was much division on what activities to include in the credit trading. China, India, Russia and South Africa strongly advocated the inclusion of Carbon Capture Schemes (CCS) and nuclear energy, while Germany, France and the UK were more cautious and skeptical of the inclusion of CCS and nuclear in the CDM, although realising that they are viable short term proposals.
There was also general agreement in the establishment of a price floor for the trade credits. On classifying countries by the stage of their development there was less consensus, with Russia stressing the importance of distinguishing 'transitional' economies from 'developing' economies, which attracted much opposition from China in particular.
The second round of Trading discussions continues this afternoon.
There was also general agreement in the establishment of a price floor for the trade credits. On classifying countries by the stage of their development there was less consensus, with Russia stressing the importance of distinguishing 'transitional' economies from 'developing' economies, which attracted much opposition from China in particular.
The second round of Trading discussions continues this afternoon.
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