News & Press

Press release
8 Dec 2010

Press Release: Issuance of Toxic Carbon Credits Undermines Credibility of UNFCCC Process

Cancún, Mexico. An open letter sent by a broad coalition of green groups including Greenpeace and WWF to the COP Presidency today calls to rescind millions of fake HFC-23 CDM credits. Environmentalists claim that the issuance of those credits has put a black mark on the environmental integrity of the CDM and prompted speculation that the UNFCCC process has been hijacked by special interests.

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Press release
27 Nov 2010

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.

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