BusinessGreen: The UN's main carbon offset scheme has delivered up to $43bn of foreign investment into developing nations since it started operating in 2006, according to a new report on the initiative's effectiveness. The Clean Development Mechanism (CDM) allows developed (Annex I) countries to meet their emissions targets by purchasing tradeable credits known as Certified Emissions Reductions (CERs) generated by registered carbon-cutting projects in poorer nations. Over $215bn has been channelled into CDM...
URL: http://www.businessgreen.com/bg/news/2226152/un-touts-clean-development-mechanism-success?WT.rss_f=Home&WT.rss_a=UN+touts+Clean+Development+Mechanism+success
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