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August 22, 2007

Reuters: Kyoto Gives Chemical Plants Windfall: UNEP

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LONDON (Reuters) - Chemical plants in China can earn substantial windfall profits by destroying powerful greenhouse gases, underlining the need for changes to the rules of a Kyoto Protocol incentives scheme, a U.N. report shows.

Western investors who trade carbon credits may also make windfall profits from the scheme in its present form, Reuters data show.

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