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UN Board Rejects More Carbon-Cutting Projects Than It Approves
2010-08-01 09:46:40.37 GMT
By Mathew Carr
Aug. 1 (Bloomberg) -- The United Nations board that
oversees the world's second-biggest greenhouse gas market
rejected more projects than it approved at a meeting in Bonn
that ended July 30.
The Clean Development Mechanism Executive Board rejected 22
projects requesting registration and approved 21 applications,
some conditionally, according to minutes from the meeting
published last week. The projects were seeking UN credits that
can be used for compliance in the European Union carbon market,
the world's largest.
"The amount of projects rejected at this executive board
meeting is unprecedented," said John Romankiewicz, an analyst
in New York for Bloomberg New Energy Finance, the research
company owned by Bloomberg LP.
For Related News and Information:
Emission market news NI ENVMARKET <GO>
Today's top energy stories ETOP <GO>
European power-markets home page EPWR <GO>
--Editors: Paul Armstrong
To contact the reporter on this story:
Mathew Carr in London at +44-20-7073-3531 or
m.carr@bloomberg.net
To contact the editor responsible for this story:
Stephen Voss at +44-20-7073-3520 or
sev@bloomberg.net
