clean development mechanism News

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`Urgent action` needed on Clean Development Mechanism

by SciDev.Net  (Sep. 14, 2012)

A high-level panel has called for "urgent action" to safeguard the UN's Clean Development Mechanism (CDM) by providing extra support to under-represented developing countries and focusing on sustainable development priorities. CDM allows developing economies to earn credits for projects that reduce greenhouse ...

Uganda to become Clean Development Mechanism Hub

by SciDev.Net  (Mar. 2, 2012)

Uganda is set to become a Clean Development Mechanism (CDM) Hub over the next three years, with financial assistance from Belgium. The Belgian Development Agency is investing US$2.6 million in the scheme, which will be overseen by the designated national authority — the Climate Change Unit (CCU) at the Ugandan Ministry of Water and ...

Clean Development Mechanism (CDM) carbon offsets top 500 million mark

by BusinessGreen  (Jan. 11, 2011)

The new year passed its first carbon market milestone this week, as the UN announced it has issued 500 million offset credits under its Clean Development Mechanism (CDM). Under the CDM, emission reduction projects earn an offset credit, termed certified emission reduction (CER) credits, for each tonne of CO2 saved. CERs are sold to companies or ...

U.N. Clean Development Mechanism Approves Arcadia Biosciences Methodology, Links Carbon Credits to Crop Genetic Improvements for First Time

by Arcadia Biosciences, Inc.  (Dec. 19, 2012)

Arcadia Biosciences, Inc., an agricultural technology company focused on developing technologies and products that benefit the environment and human health, today announced that the Executive Board of the Clean Development Mechanism (CDM) of the United Nations Framework Convention on Climate Change has approved Arcadia’s methodology to allow ...

More fraud within the clean development mechanism

by GLOBE Foundation  (Jun. 29, 2010)

A consortium of North American and European activists have demanded sweeping changes to the Clean Development Mechanism (CDM) after charging that up to one-third of all CERs ever sold may have been illegitimate. The groups are demanding an investigation to determine whether a number of coolant firms have manipulated the marketplace since ...

New rules to open up Clean Development Mechanism to poorer nations

by BusinessGreen  (Jul. 18, 2011)

Efforts to open the UN-backed Clean Development Mechanism (CDM) offsetting scheme up to poorer nations took a major step forward last week as the board tasked with managing the scheme agreed new guidelines designed to make it easier for some of the world's least  developed countries to deploy emission reduction projects. To date over 3,200 ...

The clean development mechanism - serious questions remain!

by GLOBE Foundation  (May 26, 2008)

According to a recent report in the Guardian, leading academics and watchdog groups allege that the UN’s main offset fund - the Clean Development mechanism (CDM) is being routinely abused by chemical, wind, gas and hydro companies who are claiming emission reduction credits for projects that should not qualify under the program. The result ...

LG Electronics launches clean development mechanism business in India

by Japan Corporate News - JCN  (Jul. 13, 2009)

LG Electronics (LG) announced today that it will develop a Clean Development Mechanism (CDM) business in India that will help securing carbon credits. The CDM was developed under the Kyoto Protocol as a cost effective way to limit overall global greenhouse gas emissions. Under the CDM, an industrialized nation participating in a project to reduce ...

Clean development mechanism projects booming around the world

by United Nations Environment Programme (UNEP)  (Dec. 16, 2008)

The number of Clean Development Mechanism projects – known as CDM projects – around the world boomed in 2008, jumping from 60 in 2004 to several thousand initiatives.  The brand-new figures come from the UN Environment Programme (UNEP)'s year-end snapshot of CDM projects – emission-saving initiatives that industrialized countries can help finance ...

LatAm investors, advisors seek climate finance options post-CDM

by Advanced Global Trading | AGT Alternative Investments  (Sep. 12, 2013)

Government-backed sector-wide emission reduction projects, as well as corporate-funded initiatives that slow deforestation, are replacing the U.N. Clean Development Mechanism (CDM) as the main vehicles to cut emissions in Latin America. Delegates speaking at a 3-day industry meeting in Brazil this week said a collapse in the price of carbon ...

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