UN’s Carbon Offsets "Global Shell Game"
Kyoto Protocol brought to help developing nations to lower their carbon emissions, while they continue development. Patrick McCully, Executive Director of , sharply criticized in his citing evidence of polluters gaming the system and using the CDMs as an income generator for projects.
CDMs qualify as CERs, or “” credits, and companies who pollute can use them to achieve their carbon emission reduction targets. McCully’s point is that some companies may make more money creating pollution and then taking CERs to mitigate it than by simply not polluting.
For example, new refrigerant factories could be built only to increase output of trifluoromethane (HFC-23), 11,700 times more global warming than a molecule of CO2, and a waste product from the manufacture of a refrigerant gas, only in order to then destroy the waste gas and benefit from income received from CERs.
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