bitterlyclingin
Silver Member
- Aug 4, 2011
- 3,122
- 425
- 98
(In this Great Age Of Obama, what could possibly go wrong with such a policy, for after all is he not the Grand Master of all things redistributionist?)
"Todays climate campaign embarrassment comes to us courtesy of Nature magazine once again, which has a story in the current issue about how the UNs Clean Development Mechanism (CDM), which was essentially a fig leaf for wealth transfers from industrialized nations to poor developing nations, isnt working according to plan. The CDM is a prototype for a global cap and trade system, whereby industrial sources of greenhouse gas emissions would pay to offset their emissions by paying for projects that would reduce the growth of emissions in developing nations like China and India.
There has been rampant fraud in this program since the beginning, which is a feature rather than a bug for the UN of course.
[The CDM] allows rich countries to offset some of their carbon emissions by investing in climate-friendly projects, such as hydroelectric power and wind farms, in developing countries. Verified projects earn certified emission reductions (CERs) carbon credits that can be bought and sold, and count towards meeting rich nations carbon-reduction targets.
But a diplomatic cable published last month by the WikiLeaks website reveals that most of the CDM projects in India should not have been certified because they did not reduce emissions beyond those that would have been achieved without foreign investment. Indian officials have apparently known about the problem for at least two years.
What has leaked just confirms our view that in its present form the CDM is basically a farce, says Eva Filzmoser, programme director of CDM Watch, a Brussels-based watchdog organization. The revelations imply that millions of tonnes of claimed reductions in greenhouse-gas emissions are mere phantoms, she says, and potentially cast doubt over the principle of carbon trading. In the face of these comments it is no wonder that the United States has backed away from emission trading, Filzmoser says."
Major UN Climate Program
"Todays climate campaign embarrassment comes to us courtesy of Nature magazine once again, which has a story in the current issue about how the UNs Clean Development Mechanism (CDM), which was essentially a fig leaf for wealth transfers from industrialized nations to poor developing nations, isnt working according to plan. The CDM is a prototype for a global cap and trade system, whereby industrial sources of greenhouse gas emissions would pay to offset their emissions by paying for projects that would reduce the growth of emissions in developing nations like China and India.
There has been rampant fraud in this program since the beginning, which is a feature rather than a bug for the UN of course.
[The CDM] allows rich countries to offset some of their carbon emissions by investing in climate-friendly projects, such as hydroelectric power and wind farms, in developing countries. Verified projects earn certified emission reductions (CERs) carbon credits that can be bought and sold, and count towards meeting rich nations carbon-reduction targets.
But a diplomatic cable published last month by the WikiLeaks website reveals that most of the CDM projects in India should not have been certified because they did not reduce emissions beyond those that would have been achieved without foreign investment. Indian officials have apparently known about the problem for at least two years.
What has leaked just confirms our view that in its present form the CDM is basically a farce, says Eva Filzmoser, programme director of CDM Watch, a Brussels-based watchdog organization. The revelations imply that millions of tonnes of claimed reductions in greenhouse-gas emissions are mere phantoms, she says, and potentially cast doubt over the principle of carbon trading. In the face of these comments it is no wonder that the United States has backed away from emission trading, Filzmoser says."
Major UN Climate Program
