| Some developers of projects to cut carbon emissions in developing nations, particularly China, are likely to pull out of the U.N. offset scheme and move to markets with higher prices, if plans to allow them to exit are implemented.
At a meeting last week, members of the board overseeing the U.N's Clean Development Mechanism (CDM) said they would work on new rules to allow any registered project to exit the system. They will discuss proposed rule changes at its next meeting in September...............................................Full Article: Source |