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
A coalition of environmental NGOs warned today that the UN CDM Executive Board is avoiding immediate and necessary action to address scandalous gaming of the Kyoto Protocol’s Clean Development Mechanism because of conflicts of interest in the Board. A report due for release this
In cases where substantial economist interest is at stake, such as in the upcoming discussions on the HFC-23 revision request, Board members face pressure under the current CDM rules. The 19 registered HFC-23 destruction projects are expected to generate about 478 million CERs by
SANDBAG has published its newest report on offsets in the EU: International Offsets and the EU 2009: an update on the usage of compliance offsets in the EU Emissions Trading Scheme – by Rob Elsworth and Bryony Worthington The report is based on a
European countries are the major market for carbon credits associated with HFC-23 (trifluoromethane) destruction projects under the UNFCCC’s Clean Development Mechanism (CDM). The EU linking Directive allows Certified Emission Reductions (CERs) from the CDM to be traded in the EU Emissions Trading Scheme (ETS).
An update on the usage of compliance offsets in the EU Emissions Trading Scheme A Sandbag Report – July 2010 Download Report here
When creating the Clean Development Mechanism (CDM), the Kyoto Protocol described three main aims: meeting greenhouse gas reduction targets, sustainable development, and providing emissions cuts for the lowest cost. This study argues that these three aims represent powerful discourses, justifying the European Union’s continued
Currently, around 1380 hydro projects are seeking CDM support. 130 projects are already generating CERs and have so far received 15.335 Million CERs, amounting to more than 184 Mill. €. But a large number of hydro power projects are not additional, as highlighted many
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