Article 12.5 of the Kyoto Protocol specifies that emission reductions are only to be certified under the Clean Development Mechanism (CDM) if they are additional to any that would occur in the absence of the certified project activity. The primary question to be pursued in this discussion paper is simply: Why?
Edinburgh: If the European Union has its way, the Indian carbon market could see its end soon. In a fresh strategy ahead of the key UN meet on climate change at Copenhagen in December, the EU has demanded that instead of earning money out of the existing Clean Development Mechanism (CDM), India should instead be taking on commitments to reduce its greenhouse gas emissions.
There's a new market growing in the United States, but unlike others trading in tangible commodities, this one trades in the absence of something that no one wants: greenhouse gases in the atmosphere. According to industry figures, the global markets for both voluntary offsets and those sold to meet compliance requirements are growing rapidly, and U.S.
Date: 16-Jan-09
Country: UK
Author: Michael Szabo - Analysis
LONDON - Tumbling prices for emissions permits may have knock-on effects on the world's $120 billion carbon market, including a slowing of U.N. offset supplies and a shake out in green project developers.
WASHINGTON - The Obama administration will tackle the threat of global warming by seeking a cap-and-trade system to cut greenhouse gas emissions, Steven Chu, President-elect Barack Obama's pick to be U.S. energy secretary, told lawmakers on Tuesday.
