UN launches web portal to help tackle global warming

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http://news.yahoo.com/s/afp/20070905/tc_afp/climatewarmingun_070905222150;_ylt=AsvfTRcreiy_dLnmvABqBsdk24cA
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UNITED NATIONS (AFP) - The United Nations on Wednesday launched a web portal to spur a market-driven trading service designed to help cut greenhouse gas emissions under the Kyoto Protocol.

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The cost-free CDM Bazaar (http://www.cdmbazaar.net) was unveiled by the UN Framework Convention on Climate Change, the parent treaty of the 1997 Kyoto Protocol, to encourage an exchange of information among buyers, sellers and service providers involved in the scheme.

Under the portal named after Kyoto's clean development mechanism (CDM), projects that reduce greenhouse gas emissions in developing countries and contribute to sustainable development can earn certified emission reduction (CER) credits.

Industrialized countries with a commitment under the Kyoto Protocol buy credits to cover a portion of their emission reduction commitments under the Protocol.

CDM Bazaar allows participants to post information, such as potential emission reduction projects looking for financing, CERs available for sale, buyers looking for carbon credits to purchase, services available, carbon market related events, and employment opportunities.

"The CDM has seen exponential growth in number of projects, with strong interest in developing countries for projects and in developed countries for CERs," UN Framework Convention on Climate Change's executive secretary, Yvo de Boer, said in Bonn, the convention's headquarters.

"The CDM Bazaar will do just what its name suggests, help buyers and sellers, and all those that serve the market, get down to business," he added.

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More at the link.