Clean Development Mechanism Doing Nearly Nothing To Cut Emissions, UN Official States

[hatrack]

The United Nations’ Clean Development Mechanism is “barely making a dent” on the amount of greenhouse gases being pumped into the atmosphere, an official at the organization’s development arm in Africa said.

“On a global scale CDM is barely making a dent,” Robert Kelly, the regional technical adviser for North Africa at the UN Development Program, said in a speech in Johannesburg today. “Over the course of the last five years, we’ve seen 7,000 CDM projects enter the pipeline. This has only led to a billion tons of reductions.”

EDIT

http://www.bloomberg.com/news/2011-01-25/un-carbon-markets-barely-dent-emissions-undp-official-says.html

[pscot]

1. It's a runaway train