Critical view of carbon trading and the CDM – Clean Development Mechanism, as seen in hydroelectric projects in China:
“The AP has found that hydroelectric projects, whose climate impact is most widely questioned, have quickly become the No. 1 technology in the CDM, and China in particular is rushing in to capitalize.
The Chinese now have at least 763 hydro projects in the CDM approval pipeline and are adding an average of 25 a month. By 2012, those projects alone are expected to generate more than 300 million “certified emission reductions,” each supposedly representing reduction of one ton of carbon dioxide. Even at recent depressed market prices, those credits would be worth $4 billion.”
via The Associated Press: China dams reveal flaws in climate-change weapon.