Washington: A New Regulatory Scenario

The global regulatory outlook for chemical producers in 2011 is clouded by the recent failure of global efforts to craft a post-2012 plan for curbing global greenhouse gas (GHG) emissions. The inability of international negotiators to reach a binding agreement means negotiators have less than a year to extend a GHG reduction plan beyond the year-end 2012 termination of Kyoto Protocol’s requirements. It also may leave European producers—which are bound by their own regional GHG reduction plan and likely will be subject to much more political pressure than...

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