A project that supplied green hydrogen for buses at the Winter Olympics could be the first of its kind to sell carbon credits through the Clean Development Mechanism
Project developers in poor countries are struggling to attract finance, as deadlock on international carbon trading rules cannot be resolved before November 2021
Founder of Natural Balance company tells RTCC she registered with Clean Development Mechanism in 2008 but has been unable to sell any carbon credits through the scheme
UN climate chief Christiana Figueres hails success of Kyoto Protocol carbon trading mechanism, which has now cut global CO2 emissions by a billion tonnes
Julia Gillard’s government is close to signing up to the second commitment period of the Kyoto Protocol (KP2), a leading negotiator at the UN climate talks in Bangkok has told RTCC.
Opponents slam proposals for new wider reaching carbon credit set-up and call for talks on a new international market mechanism to consider failings of existing system.
Changes to UN and EU rules mean more cash will be available to African nations through the projects to tackle climate change and boost sustainable development.