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Browsing Tag »kyoto pact«

No Profit for Africa in UN carbon-offset scheme →  December 7, 2011

Africa accounts for only two percent, or 76 of the 3,612 projects registered under the CDM programme, which lets firms in rich nations offset their climate-warming emissions by investing in emissions-reduction projects in the developing world. “The balance sheet so far for Africa has not been a happy one with the CDM, but we should […]

Bribery, collusion hinder UN carbon scheme – research →  November 15, 2011

* Fears CDM may become ‘rich man’s club’ for some * Calls for stronger and more effective institutions * Needs tougher checks to address collusion * CDM official rebuffs criticism, saying scheme delivers LONDON, Nov 15 (Reuters) – The U.N.-backed carbon offset market needs an overhaul as it lacks transparency and is vulnerable to bribery […]