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Browsing the "CDM" Tag

Peru, South American Nations Turn to Reverse Auctions to Accelerate Renewable Energy Development

May 31st, 2012 | by Andrew

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.


China, Beneficiary of EU’s Cap & Trade, Now Shirks its Responsibilities

January 16th, 2012 | by Susan Kraemer

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 and India Ineligible for Carbon Capture Funding?

December 30th, 2011 | by Susan Kraemer

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



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