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NotiCen PDF file 1997 right arrow May

Costa Rica Hopes New "Carbon Bonds" will Bring Profit, Cut Pollution

ISSN:1089-1560
LADB Article ID: 55200
Category/Department: Costa Rica
Date: 1997-05-22
By: Guest

The sale of carbon bonds by the Costa Rican government to a private US firm has been hailed as the first step toward development of a global market in so-called Certifiable Tradable Offsets (CTOs). But serious doubts remain about the ability of such commercial deals to halt environmental degeneration.

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