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CDM Watch Turns Focus to Curb HFC-Credit Supply Before 2013
2010-12-15 16:22:56.34 GMT
By Mathew Carr
Dec. 15 (Bloomberg) -- CDM Watch, the environmental group
that raised concern about "bogus" emissions offsets in June,
isn't giving up its fight against factories seeking credits for
destroying hydrofluorocarbon-23 gases.
The lobby has lodged a "clarification request" with the
executive board and methodologies panel that regulate the United
Nations' Clean Development Mechanism, said Eva Filzmoser, CDM
Watch's program director. "A clarification applies to the
current crediting period," she said in an interview Dec. 10 in
Cancun, Mexico. CDM projects have crediting periods of 7 or 10
years, according to the program's rules.
CDM Watch's latest initiative comes after the European
Union on Nov. 25 proposed a ban HFC credits for compliance in
its carbon market starting Jan. 1, 2013. The lobby group said it
is targeting HFC credits that may be issued before that date.
The board overseeing the world's second-largest emissions
market recommended Nov. 25 revising its procedures and said
reductions of HFC-23 may have been "overestimated," according
to a presentation on the UN Framework Convention on Climate
Change website. HFC-23-cutting projects have supplied more than
half of credits issued so far in the UN program.
The methodologies panel that would potentially consider CDM
Watch's clarification request will meet March 7-11, according to
the UNFCCC website. The agenda for that meeting hasn't been set,
David Abbass, a spokesman in Bonn for the CDM, said today by
phone.
A CDM Watch report earlier this year helped prompt the UN
board to investigate credits from HFC projects.
For Related News and Information:
Top Power Stories: PTOP <GO>
Emissions-trading stories: NI ENVMARKET BN <GO>
Today's top energy news: ETOP <GO>
European power-markets home page: EPWR <GO>
--Editors: Mike Anderson, Jonas Bergman.
To contact the reporters 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 on +44-20-7073-3520 or
sev@bloomberg.net
