Cancún, Mexico/London, United Kingdom. China has responded to efforts to ban credits from industrial gas projects in the European carbon market by threatening to release huge amounts of potent industrial chemicals unless developed nations pay what amounts to a climate ransom.
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
Cancún, Mexico/London, United Kingdom. The European Commission today published its much-anticipated proposal on quality restrictions on the use of offsetting credits from industrial gas projects in the EU Emissions Trading Scheme. The proposal comes in the wake of a series of scandals surrounding fake
Despite the current ban on HFC credit issuance, more than 800,000 CERs were issued to an HFC-23 abatement project in India on 12 November. The EB suspended issuance of HFC-23 credits in August 2010 and made public assurances that the suspension would remain in
Alarm about the environmental integrity of industrial gas abatement projects under the CDM has reached the highest political level in Europe. In response to mounting concern about HFC-23 and N2O projects, EU Commissioner for Climate Action, Connie Hedegaard, announced in August 2010 that the
18 November 2010, Brussels, Belgium. Relentless behind-the-scenes lobbying by European companies, including ENEL, RWE and E.ON is delaying crucial legislation on the use of carbon offsets in the EU Emissions Trading Scheme.
Brussels, 09 November 2010 In the context of the European Commission’s upcoming proposal on quality restrictions on the use of industrial gas offsets in the EU Emissions Trading Scheme, CDM Watch and EIA have produced a Q&A setting out our main concerns regarding two
Brussels. The European Commission is working on a proposal to introduce quality restrictions on industrial gas offsets in the EU ETS. On 25 of October, CDM Watch made a submission to the Commission comprising the following documents: CDM Watch Submission to the European Commission –
London/Washington DC. In an effort to justify its participation in perhaps the biggest carbon market scandal to date, the World Bank has dismissed concerns that the UN Clean Development Mechanism’s (CDM) HFC-23 projects are generating millions of fake carbon credits in a report published
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