Electricity projects in the UN clean development mechanism (CDM) are being awarded too many CER carbon credits because their emission savings are exaggerated, according to new research carried out for NGO CDM Watch.
A study authored by CDM expert Axel Michaelowa calls on host countries and the UN to tighten up the rules. Between 2007 and 2012, power projects in India and China have been over-credited to the tune of 2.5%, or 11 million CERs, it finds.
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