CDM future in doubt amid changes to EU carbon rules

UN developing country scheme being slowly suffocated, firms say

Emissions trading
United Nations Clean Development Mechanism: going up in smoke?

The future of the United Nations Clean Development Mechanism (CDM) is looking increasingly gloomy, say market participants, with some questioning whether it will continue to exist in a few years’ time.

While the outlook for prices in the European Union Emissions Trading System (EU ETS) has improved considerably in the past year, it is a different story for the CDM. The CDM allows emissions-reducing projects in developing countries to obtain Certified Emissions Reductions (CERs). Those CERs can t