At the end of last week, the number of credits issued under the Clean Development Mechanism reached one billion. “This exciting milestone is a testament to the expanding use of the CDM,”, according to Christiana Figueres, the UNFCCC’s Executive Secretary.
Tag: CDM
Another reason why a REDD carbon trading mechanism does not add up
Yesterday, ABN interviewed the Chair of the Clean Development Mechanism Executive Board, Martin Hession. The interview included a very interesting question, which is very relevant to REDD and whether REDD is to be financed by carbon trading.
What’s wrong with forest carbon finance? The Green Belt Movement lists the problems
Last week, at a side event in Durban, the Green Belt Movement presented what they have learned so far about forest carbon finance. A paper released at the side event explains the problems with relying on carbon trading to finance forest projects, with important lessons for REDD.
CDM does not reduce emissions. Leaving fossil fuels in the ground does
CDM does not reduce emissions. An article I wrote for the World Rainforest Movement Bulletin.
Why Brazil’s ridiculous “Forests in exhaustion” proposal must be rejected from the Clean Development Mechanism
Forests in exhaustion is one of the more absurd proposals to emerge from the UN negotiations on climate change. The proposal came from Brazil during 2008 and it was discussed during the Conference of Parties to the Kyoto Protocol held in Poznan in December 2008. It amounts to nothing more than a subsidy for industrial…