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 Decision 2/CMP.5, the Parties to the Kyoto Protocol requested the Board to design procedures for appeals to challenge decisions by the CDM Executive Board and DOE performance[1]. The inclusion of an appeals procedure in the CDM project approval process presents a crucial opportunity
While TÜV SÜD remains suspended, WWF has released an updated rating that shows that the shortcomings of CDM-certification agencies are lasting[1]. On a scale from A (best) to F (worst) the ‘best’ grade was a D, which was awarded only once. More than 900
The Board may approve a recommendation by the Methodology Panel to revise AM0025 “Avoided emissions from organic waste through alternative waste treatment processes”. The draft revision shall clarify that project activities that process and upgrade biogas from anaerobic digestion to the quality of natural
Landfills have become more controversial in the Philippines ever since a “trash-slide” buried and killed over 200 waste-pickers in a mountain of garbage at an open dump in Manila in July 2000. Since then, after long years of campaigning, environmentalists and sustainability campaigners have
During this week’s Board meeting, members will discuss 24 projects under review[1]. Amongst them is the 4000-MW super-critical coal plant owned by Costal Gujarat Power (Project Ref Number 3020) that claims to reduce 2,6 Mio tonnes of emissions for the next 10 years. But
The incredible profits made by HFC-23 projects are resulting in overproduction of cheap HCFC-22, and undermine global efforts under the Montreal Protocol to phase out HCFCs and move industry toward more environmentally friendly refrigerants. The Montreal Protocol agreed in 2007 to accelerate the phase-out
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
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