The UN’s clean development mechanism (CDM) executive board registered 286 carbon offsetting projects in developing countries last month, the highest number ever, analysts at the UNEP Risoe centre said on Wednesday.
Developers in emerging nations moved quickly to get their projects registered before the deadline for ETS phase 3 eligibility on 31 December.
Without access to the EU carbon market – by far the world’s largest – investors and project developers would struggle to get any financial return from the CDM.
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