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UN CO2 Market Board Delays Issuance of Offsets From Coal Plant
2010-09-18 13:02:50.735 GMT
By Ewa Krukowska
Sept. 18 (Bloomberg) -- The executive board of the United
Nations Clean Development Mechanism delayed issuance of carbon
credits from a coal plant in India and 25 other projects seeking
offsets in the world's second-biggest emissions market.
The board, meeting from Sept. 13 to Sept. 17 in Brasilia,
decided to undertake a review of the project applying for the
first coal-related offsets in the UN program, according to a
report published on the CDM website.
The CDM generates emission-reduction credits to investors
in projects that cut greenhouse gases in developing nations.
Adani Power Limited has said the implementation of "coal-fired
super-critical technology" in its power-generation plant in the
Indian town of Tirora will result in reduced consumption of
fossil fuels and greenhouse-gas emissions.
The board considered 64 projects awaiting registration in
the UN program and four others that had to submit corrections.
It approved 41 projects, undertook reviews of 26 and said it
couldn't register one project.
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: Carey Sargent, Andrew Clapham
To contact the reporter on this story:
Ewa Krukowska in Brussels at +32-474-620-243 or
ekrukowska@bloomberg.net;
To contact the editor responsible for this story:
Stephen Voss at +44-20-7073-3520 or sev@bloomberg.net
