Press Release: UN Issues Millions of Carbon Credits despite finding that Emission Reductions could be Overestimated
Cancun, Mexico. Climate Campaigners welcomed yesterday’s decision by the United Nations’ CDM Executive Board to suspend the crediting methodology for HFC-23 projects because it could lead to over-issuance of carbon credits. Revised rules will be presented in June 2011 but retro-active changes were not ruled out. CDM Watch called a separate decision to issue almost 20 million carbon credits to HFC-23 projects incoherent.