Archive for the 'Clean Development Mechanism' Category
World Bank lending for coal up 256%…
1 Comment Published by Steve Kretzmann October 8th, 2008 in Clean Development Mechanism, Coal, G8, World Bank, oil subsidiesRelying exclusively on the World Bank’s own figures, a new analysis shows World Bank Group lending to coal, oil and gas is up 94% from 2007, reaching over $3 billion. Coal lending alone has increased an astonishing 256% in the last year.
This is the same World Bank that would like to lead - and control […]
Carbon Credits: Getting Money for Nothing…
0 Comments Published by Andy Rowell June 6th, 2008 in Clean Development Mechanism, Climate Change, carbon reductionEvidence of serious flaws in the multi-billion dollar global market for carbon credits has been uncovered by a BBC World Service investigation.
The credits are generated by the UN Clean Development Mechanism (CDM) scheme. The mechanism gives firms in developing countries financial incentives to cut greenhouse gas emissions. But in some cases, carbon credits are paid […]
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