UN delays 'green scheme' ruling

2010-09-20 09:34

kalahari.com

London - A UN panel has delayed key decisions on a scheme meant to reward projects that cut carbon emissions in developing countries, including whether to approve a modern coal plant for such incentives.

The UN's clean development mechanism (CDM) allows rich countries to meet caps on carbon emissions by paying for carbon cuts in the developing world, under the Kyoto Protocol.

Countries and companies in the developed world last year paid $2.7bn to developers in poorer countries for such emissions cuts under the scheme, mostly to big industrial projects, wind farms and hydropower plants in China and India.

Rich countries buy carbon offsets, which are each equivalent to one tonne of cuts in greenhouse gas emissions. A 10-member panel of UN experts oversees the scheme, deciding which projects should qualify.

In a meeting on Friday, the panel put off a decision whether to approve a coal plant for the first time in the programme, saying it would review a request for approval made by the 1.3GW coal plant in Tirora, India, owned by Adani Power Limited .

Biased


Coal is the most carbon-emitting form of power generation, but Adani says its 1.3GW, super-critical coal plant - one which burns coal at a higher temperature and thus emits less carbon dioxide - is more efficient than most.

The CDM has long been criticised for being heavily biased toward large industrial projects, and especially large chemical plants which destroy a potent greenhouse gas called HFC-23.

Such HFC projects account for about half all carbon offsets issued by the UN CDM's executive board so far. The project developers earn far more money under the scheme than it costs them to destroy the greenhouse gas.

The panel said it would decide on possible changes to rewards for HFC-23 projects at its meeting in Cancun, Mexico, from November 22 - 26.

The panel approved, subject to minor corrections, one large gas power plant, on the basis that although it burns fossil fuels it emits less carbon than conventional coal plants.

The project was the 340MW gas plant, owned by Bhander Power Limited, in India. The panel also said it would review further a 1.2GW natural gas plant in China, owned by the Hangzhou Huadian Banshan Power Generation Company.

Public consultation


The CDM has registered 2 379 projects worldwide as of September 17, and approved 433 million carbon offsets, each equal to one tonne of avoided greenhouse gas emissions - in all, equivalent to the annual carbon dioxide emissions of Mexico.

The panel ruled on 64 projects awaiting CDM registration, plus four others which had had to supply corrections. It approved 41 projects, and decided to conduct more reviews on a further 26, while it said it could not register one project.

It also called for a public consultation on whether to make project consultants liable for their mistakes, and have to buy back carbon offsets where developers had claimed too many. The rules would be considered at its next meeting, on October 12 - 14.

Read more on:    un  |  climate change
NEXT ON NEWS24X
SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Inside News24

 
/Travel

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Magical Massinga

Spend 5 nights at the gorgeous Massinga Beach Lodge in Mozambique and only pay for 4 from R13 220 per person sharing. Includes return flights, accommodation, transfers and romantic turndown. Book now!

Kalahari.com - shop online today

Up to 40% off fashion accessories

Save up to 40% on selected handbags, purses, watches, jewellery and more. Offer valid while stocks last. Shop now!

Save up to R2000 on top electronics

Get every day mind bowing savings on top electronics. Offer valid while stocks last. Shop now!

As seen on TV - New book releases at only R199 each

Get mind blowing book savings on new titles. Offer valid while stocks last. Shop now!

Save up to 50% on Women’s month treats!

Celebrate the awesome women in your life with awesome treats like beauty products, fashion accessories, bestselling books, electronics and more. Offer valid while stocks last. Shop now!

Up to 60% off - clearance sale!

Save up to 60% on appliances, books, electronics, toys, movies and more. Offer valid while stocks last. Shop now!

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

Horoscopes
Aquarius
Aquarius

There is an emphasis on work. There may be some restrictions, or delays or extra responsibilities. It is all about rhythm and...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.