CDM board’s mandate to act on demand ‘limited’

The UN’s CDM executive board says it does not have the power to implement changes proposed by an expert panel in September

The secretariat of the UN’s clean development mechanism (CDM) has said that its executive board does not have a mandate to act on key recommendations to help save the carbon offsetting scheme.

In September, a panel on the future of the CDM recommended a long list of actions that could help the scheme, which is threatened by the collapse of its credit prices, known as certified emissions reductions (CERs).

The panel had pointed to the need for more ambitious targets in a new UN climate deal as the most pressing of all, given the crash in CER prices. It also proposed removing ‘mature’ classes of projects such as those involving destruction of industrial gases, shortly to be banned in the EU emissions trading scheme.

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