By Shankar Sharma
19 Jul 2011
It would be criminal wastage of public funding if CDM encourages more coal based power projects on the premise that the super critical technology is to be deployed in the plants. Instead, CDM in developing countries should first focus on efficiency improvements measures in generation, transmission, distribution and utilization of electricity and locally available renewable energy sources.
The Clean Development Mechanism (CDM), under the patronage of United Nations Framework Convention on Climate Change (UNFCCC), was adopted by most countries as one of the global response to reduce global warming. It permits industrialized countries (Annex 1 countries under Kyoto Protocol) to earn emission credits through investment in sustainable development projects that reduce overall Green House Gas (GHG) emissions in developing countries.
read more @: http://www.d-sector.org/article-det.asp?id=1665
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