DNV suspension hits CER issuance pipeline
The suspension of CDM project verifier DNV will cause further delays in the CER pipeline, though the market remains robust, finds Katie Holliday
The United Nations Clean Development Mechanism (CDM) Executive Board (EB) has temporarily suspended Norwegian consulting firm Det Norske Veritas (DNV) from accrediting CDM projects, prompting potential delays for project developers' issuance of certified emission reductions (CERs) credits.
According to DNV, the suspension was triggered by a spot check on the company's operations in November, where five procedural 'non-conformities' under the Kyoto Protocol were identified. These related to DNV's
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