The Clean Development Mechanism’s Coal Scandal
Coal is the most carbon intensive fuel on earth. So using scarce climate finance to build the world’s largest new coal plants as a tool for reducing carbon emissions may sound like a joke. But with five projects already approved under the United Nations Clean Development Mechanism (CDM) for windfall profits of nearly $1 billion [...]
Clean Development or Cool Development?
By Vikram Aditya A few days back, I had the opportunity to visit a large cement factory in Andhra Pradesh for a stakeholders meeting. The cement factory was in beginning stages of installing a heat recovery power project of 9 MW capacity, and was soliciting CDM financing for the coal and CO2 emissions offset because [...]
