In less than a week, world leaders, government negotiators, industry, and civil society will converge on Doha, Qatar, for COP18. They will discuss how the global community can get itself out of the current climate mess. What’s clear is that, in terms of solutions, the Clean Development Mechanism (CDM) … [continued]
In a decision criticized as “unfortunate” and even “insane” by onlookers, the United Nations has decided that new coal plants are eligible for carbon credits under the Clean Development Mechanism (CDM). […]
Peru and other governments in South America, including Brazil and Uruguay’s, are making headway as they strive to develop renewable energy resources that reduce CO2 and greenhouse gas (GHG) emissions and environmental degradation while at the same time boosting economic activity and jobs growth. In doing so, they’re turning to reverse auctions, as opposed to Feed-in Tariffs (FiTs) or other incentives, as a market-based mechanism to foster growth of renewable energy capacity. […]
As of of January 1st, 2012, China’s renewable energy projects will no longer be eligible for funding from the EU cap and trade market, through the Clean Development Mechanism (CDM) that allows polluters in the EU to offset carbon emissions at home by building clean energy abroad.
So in December China rushed through 139 CDM-eligible projects in a last-ditch effort to gain the last of the funding for clean energy development before the cut-off date.
Under the European Trading System (ETS) cap and trade system, polluting plants have to pay for every ton of greenhouse gases they send into the air, and have to reduce the amount every year. If they can’t reduce their emissions enough, they have to buy credits instead, with the funds going to develop clean energy in developing nations.
China, India, Ghana, Qatar, United Arab Emirates and South Africa may be eliminated as eligible countries for Clean Mechanism Development (CDM) funding for Carbon Capture and Sequestration (CSS) projects in new negotiations following the Durban climate talks.
As California moves to implement cap and trade to reduce harmful greenhouse gases, the UC Berkeley Center for Law, Energy and the Environment has published a new study designed to help lawmakers in California fine-tune the legislation. [social_buttons] As with the studies by the German Marshall Fund with its Ten … [continued]
Noting the failure of the Copenhagen Talks to produce an internationally agreeable climate change treaty, the European Union is looking to push for more concentrated negotiations at the G20 meetings. The EU reportedly feels that taking the G20 route would help iron out the major issues between the developed and … [continued]
The engineering firm CDM has come up with a more sustainable way to neutralize highly polluted soil. Instead of digging it up and trucking it to landfills, CDM is using a bioremediation process that relies on the cleaning power of bacteria that grow naturally in groundwater on the site, helped … [continued]
