Australia pledged to cut greenhouse gas emissions by 5 to 15 percent by 2020 versus 2000 levels, with the higher target to be met only if other countries agree on tough new targets to fight climate change by …

Under Australia’s new carbon pollution reduction scheme, companies will be allowed to buy and import an unlimited number of Certified Emissions Reductions (CERs), credits approved and issued by the United Nations against investments in developing countries …