Chinese CDM project approval drops

The latest data from the National Development and Reform Commission in China shows the Chinese government approved only 32 CDM projects during the period from February 10 to March 10, 2010 – these projects are expected to generate around 3.01 million CERs. This represents a 33.3% drop from the projects approved from November 13, 2009 to December 24, 2009 and a 46.2% drop in the potential number of CERs generated.

The CDM is a carbon market mechanism devised under the Kyoto Protocol, whereby