Press Release: Industrial Gas Projects Caused Millions of Phantom Emission Reductions, New Study Shows

Brussels. Incentives created by the UNFCCC Clean Development Mechanism (CDM) have caused a significant shift of adipic acid production from plants in industrialized countries to CDM plants in China and South Korea, a new study shows. This has led to “carbon leakage” – a shift in production that leads to an overall increase in emissions – and the issuance of 13.5 million offsets that represent phantom emissions reductions.