clean development mechanism News

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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 ...

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 ...

`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 ...

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 ...

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 ...

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 ...

Kyoto protocol’s clean development mechanism passes 100 millionth certified emission reduction milestone

by United Nations Framework Convention on Climate Change (UNFCCC)  (Dec. 18, 2007)

The 100 millionth certified emission reduction (CER) credit under the Kyoto Protocol’s Clean Development Mechanism has been issued, marking an important environmental, development and carbon market milestone on the road to a low-carbon future. “The CDM has been up and running just two years, but in that short time it has shown its ability to ...

The UN registers two ACCIONA wind farms in India as a Clean Development Project

by ACCIONA Energy  (Nov. 26, 2008)

The Executive Board of the Clean Development Mechanism (CDM), an organization dependent on the United Nations Framework Convention on Climate Change (UNFCCC), has agreed to register as a CDM project two wind farms owned by ACCIONA in India. Already in operation, these wind farms are the first installed by the company in this country. They are ...

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