• 7 minutes Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 13 minutes Could Venezuela become a net oil importer?
  • 18 minutes Oil prices going Up? NO!
  • 34 mins The Tony Seba report
  • 19 mins Harley-Davidson "Made in EU"
  • 2 mins Could Venezuela become a net oil importer?
  • 3 hours Time Of Recession - China and Europe Are Warning That A Trade War Could Trigger A Global Recession
  • 5 hours Erdogan After Erdogan: New Presidential Mandate After Yesterday's Elections
  • 5 hours Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 9 hours LNG Shortage on the Way
  • 5 hours The U.S. Will Soon Give North Korea a Timeline of 'Specific Asks
  • 15 hours Are Electric Vehicles Really Better For The Environment?
  • 15 hours Kenya Eyes 200+ Oil Wells
  • 23 mins China’s Plastic Waste Ban Will Leave 111 Million Tons of Trash With Nowhere To Go
  • 7 hours Sell out now or hold on?
  • 1 hour Could oil demand collapse rapidly? Yup, sure could.
  • 15 hours OPEC soap opera daily update
  • 2 hours Oil prices going Up? NO!
  • 3 hours Saudi Arabia plans to physically cut off Qatar by moat, nuclear waste and military base
OPEC+ Proposes 1-Million-Bpd Production Increase

OPEC+ Proposes 1-Million-Bpd Production Increase

The joint ministerial monitoring committee…

Russia Pushes Ahead With Controversial Nord Stream 2

Russia Pushes Ahead With Controversial Nord Stream 2

Russia’s controversial Nord Stream 2…

$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