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Global carbon trading system on the verge of collapse

Posted on 20 September 2012

The Clean Development Mechanism (CDM) is the only global carbon trading system which is designed to create funding to give poor countries access to new energy technologies; and it is on the verge of collapse.
The UN’s system has raised billions of dollars over the past seven years to develop renewable energy projects, such as wind farms and solar panels, in developing countries. Its survival is in jeopardy due to the failure of governments to commit to it for the future………………………………………..Full Article: Source

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VRS - who has written 37037 posts on Opalesque Commodities Briefing.


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