Kock-on effect of global financial crisis

Projects to help curb greenhouse gas emissions in the developing world may be abandoned because of the global financial crisis. The World Bank says that slow economic growth could make it easier for developed countries to meet their emission targets without having to make pollution-reduction investments in poorer nations. Many western companies have bought credits abroad to offset greenhouse-gas emissions at home as a cheaper alternative to installing new equipment. But the financial crisis has meant that demand for emissions credits is lower.