CDM board’s mandate to act on demand ‘limited’

The secretariat of the UN CDM has said its executive board does not have a mandate to act on key recommendations to save the carbon offsetting scheme

The secretariat of the UN’s clean development mechanism (CDM) has said that its executive board does not have a mandate to act on key recommendations to save the imperilled carbon offsetting scheme.

In September, a panel on the future of the CDM recommended a long list of potential actions that could help the scheme, which is threatened by the collapse of prices for its credits, known as certified emissions reductions (CERs).

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