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Carbon Capture, Nuclear Vie for UN ‘Clean Development’ Listing

By Alex Morales

May 15 (Bloomberg) -- Nuclear power and plans to capture greenhouse-gas emissions from electricity-generating plants and pump them underground may be included as “clean development” projects in a new United Nations treaty to fight climate change.

The two technologies were included in negotiating text posted today on the Web site of the UN Framework Convention on Climate Change, which is guiding talks among 192 countries to produce a treaty in Copenhagen in December.

The world body is considering including carbon capture and storage, or CCS, and nuclear power stations in its so-called Clean Development Mechanism, which allows industrialized nations that have emissions targets to achieve them through investments made in less wealthy countries that have no emissions goals.

The UN is also considering awarding tradable carbon credits to developing nations that take voluntary domestic measures to slash their own emissions, according to the document

To contact the reporter on this story: Alex Morales in London at [e-mail]

Last Updated: May 15, 2009 07:15 EDT