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Carbon Investors Group Calls for UN to do More to Speed Reviews
2011-01-06 12:38:56.371 GMT
By Catherine Airlie
Jan. 6 (Bloomberg) -- The regulator of the United Nations
emissions market should do more to speed up approvals for
projects to cut greenhouse gas, the Carbon Markets and Investors
Association said today.
The executive board of the UN's Clean Development Mechanism
said yesterday it reduced the backlog of pending requests for
project registration and new credits to 30 days from about 90
days. While that's an improvement, it is still double the target
set at last year's climate summit in Cancun, Mexico, Christiaan
Vrolijk, a vice chairman at the group, said today in an e-mailed
statement.
"The CDM executive board exceeded our expectations, and we
hope they can continue with this pace of reform," Vrolijk said.
``We strongly encourage the executive board to carry on
aggressively with its reforms."
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To contact the reporter on this story:
Catherine Airlie in London at +44-20-7073-3308 or
cairlie@bloomberg.net
To contact the editor responsible for this story:
Mike Anderson at +44-20-7673-2718 or
manderson34@bloomberg.net
