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06.07.2010
Korea, Mexico discuss ways to upgrade ties
The foreign ministers of South Korea and Mexico on Tuesday met to discuss follow-up measures for cementing stronger ties following a recent summit between the countries.
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06.07.2010
CDM Panel Calls for Investigation Over Carbon Market Scandal
Certified Emissions Reduction Units (CERs) for the destruction of HFC-23 represent over 1/2 of the CDM credits issued to date. The CDM’s HFC-23 projects pay 65-75 times more for HFC-23 destruction than the manufacturers pay. A revision request submitted by CDM Watch to the CDM Executive Board provides overwhelming evidence that manufacturers are gaming the CDM system and undermining carbon markets by producing potent greenhouse gases (GHGs) just so they can get paid to destroy them. The revision request called for an immediate overhaul in the rules governing the number of credits being issued and removal of the perverse financial incentives that currently exist.
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