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Economic collapse pays big dividend in carbon credit profits - Scotsman.com News
UKRAINE'S economic collapse has produced a potential multibillion-dollar bonanza, allowing the country to reap windfall carbon credit profits from the dead chimneys of its industrial decline.
The industrial collapse has been bad for jobs but good for the climate. Ukraine produces less than half the greenhouse gases it did 20 years ago, and under a system devised in the negotiations for the 1997 Kyoto Protocol curbing the gases blamed for global warming, it is allowed to sell credits for every ton of carbon dioxide saved.
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