• 4 minutes Why Trump Is Right to Re-Open the Economy
  • 7 minutes Did Trump start the oil price war?
  • 11 minutes Covid-19 logarithmic growth
  • 15 minutes Charts of COVID-19 Fatality Rate by Age and Sex
  • 18 minutes China Takes Axe To Alternative Energy Funding, Slashing Subsidies For Solar And Wind
  • 19 mins How to Create a Pandemic
  • 3 hours KSA taking Missiles from ?
  • 10 mins There are 4 major mfg of hydroxychloroquine in the world. China, Germany, India and Israel. Germany and India are hoarding production and blocked exports to the United States. China not shipping any , don't know their policy.
  • 50 mins A New Solar-Panel Plant Could Have Capacity to Meet Half of Global Demand
  • 7 hours Trump eyes massive expulsion of suspected Chinese spies
  • 41 mins TRUMP pushing Hydroxychloroquine + Zpak therapy forward despite FDA conservative approach. As he reasons, "What have we got to lose ?"
  • 6 hours Today 127 new cases in US, 99 in China, 778 in Italy
  • 7 hours America’s Corona Tsar, Andrew Fauci, Concedes Covid-19 May Be Just a Bad Flu With a Fatality Rate of 0.1%
  • 9 hours Western Canadian Select selling for $6.48 bbl. Enbridge charges between $7 to $9 bbl to ship to the GOM refineries.
  • 12 hours Where's the storage?
  • 14 hours Oxford Epidemiologist: Here’s Why That Covid-19 Doomsday Model Is Likely Way Off

$215.4 Billion of Investments in CDM Projects by End of 2012

$215.4 Billion of Investments in CDM Projects by End of 2012

A recent report by the UN Framework Convention on Climate Change has estimated that a total of $215.4 billion of investments will have been made through the clean development mechanism (CDM) by the end of 2012.

The CDM was created as part of the Kyoto Protocol to encourage investment in projects which reduce greenhouse gas emissions.

Projects that are a part of the CDM allow the countries to earn certified emission reductions (CER) for every tonne of carbon dioxide that they save from being released into the atmosphere. The CERs can then be traded, sold, or used by the countries in order to meet their emission targets.

Related Article: Contrary to Popular Belief Scientists are United on Climate Change

The report identified Germany, the US, Denmark, Japan, and China, as the top five suppliers for CDM projects.

In fact China has just registered another CDM project. The China Recycling Energy Corp, has supplied waste-to-energy technology that will capture and recycle heat, steam, pressure, and exhausts, from industrial operations at a smelting furnace in Inner Mongolia. The project will reduce carbon emissions by about 224,173 metric tonnes a year.

At present there are around 5,064 CDM registered projects across 81 developing countries, which have earned more than one billion CERs.

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage




Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News