Just to amuse myself I clicked on a carbon trading Google advert in the Telegraph. After all, Australia must be looking for a partner. Last bit of news on the website dates from 13th October. Nought happened since then?
http://www.carbontradexchange.com/Another link brought up this news:
"UN suspends coal-derived carbon credits"
The board said in a statement that the decision to suspend coal projects from the UN carbon offset scheme was taken because the rules used to calculate emission reductions had resulted in the creation of "artificial carbon credits".
The board said in a statement that the decision to suspend coal projects from the UN carbon offset scheme was taken because the rules used to calculate emission reductions had resulted in the creation of "artificial carbon credits".
Currently, the CDM rules allow coal plants to earn tradable emissions credits for improvements in power plant efficiency.
However, these improvements have proved difficult to monitor and verify, and the board has now tasked its Methodologies Panel with coming up with revised rules for clean coal projects ahead of its next meeting early in 2012.
Why am I not surprised?http://www.businessgreen.com/bg/news/21 ... on+credits