Friday, June 6, 2008

The great carbon bazaar

The Myth of Global Warming

The great carbon bazaar

Business correspondent, BBC World Service, India

Pollution from energy plant
Companies in developing countries are paid to cut emissions

Evidence of serious flaws in the multi-billion dollar global market for carbon credits has been uncovered by a BBC World Service investigation.

The credits are generated by a United Nations-run scheme called the Clean Development Mechanism (CDM).

The mechanism gives firms in developing countries financial incentives to cut greenhouse gas emissions. MORE

Blog Archive