Talks at Poznan about a re-engineering of the Clean Development Mechanism, Kyoto Protocol’s righteous son, have been Bonn-ed. This does not come as a surprise for some observers, but disappointment is understandable. As a flagship of the Kyoto Protocol’s market-based approach to climate change, one could have hoped that delegates fixed at least the most [...]

Yesterday, the International Emissions Trading Association (IETA), representing more than 180 corporations engaged in carbon trading, released its GHG Market Report (pdf) at Poznan. In the preface, IETA president notes that “the success of the CDM has expanded over the last year, with almost 4000 projects now in the pipeline.” Yet, it laments the fact [...]