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
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