(BN) U.K. Climate Envoy Martin Hession Vies to Head UN

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Mathew Carr, emissions markets, energy reporter. London Bloomberg News ph +44 207 073 3531 yahoo ID carr_mathew


U.K. Climate Envoy Martin Hession Vies to Head UN Carbon Market
2011-01-10 11:45:24.271 GMT

By Catherine Airlie and Mathew Carr
Jan. 10 (Bloomberg) -- Martin Hession, vice chairman of the
United Nations Clean Development Mechanism, said he is a
candidate to lead the executive board overseeing the world's
second-largest carbon market.
Board members will select the new CDM chairman at their
next meeting, which begins Feb. 14 in Bonn, according to
information on a UN website. Clifford Mahlung, the CDM's current
head, is due to step down at the end of his one-year term in
The vice chairman of the executive board often becomes the
chairman, Hession said in a Dec. 7 interview. He is head of
global carbon markets at the U.K.'s Department of Energy and
Climate Change and represented the county at negotiations
including last month's climate summit in Cancun, Mexico.
The chairmanship of the CDM rotates between developed and
emerging nations each year. Pedro Martins Barata, a Portuguese
member of the executive board, said he is considering the
position in a Dec. 20 interview. Hession said he took over from
Barata as CDM vice chairman in the middle of last year/
Mahlung took the top job at the CDM last year after serving
as vice chairman. The board oversees the supply of emissions
credits in the UN market. The European Union allows some UN
offsets to be traded in its own carbon trading system, the
world's largest.

For Related News and Information:
EU carbon-market stories: TNI EU ENVMARKET <GO>
Top energy, power news: ETOP <GO>, PTOP <GO>
Top environmental stories: GREEN <GO>

--Editors: Mike Anderson, John Buckley.

To contact the reporter on this story:
Catherine Airlie at
+44-20-7073-3308 or cairlie@bloomberg.net

To contact the editor responsible for this story:
Stephen Voss at +44-20-7073-3520 or sev@bloomberg.net