U.N. Effort To Curtail Emissions In Turmoil

WSJ ^ | 12 April 2008 | JEFFREY BALL

[Fractal Trader]

A multibillion-dollar experiment designed to curb global warming is stumbling as regulators question whether the program is doing enough environmental good.

The United Nations is the main global policeman in an effort by wealthy nations to reduce the impact of their own pollution by paying for cleanups in the developing world. The program, known as the Clean Development Mechanism, is one of the most important coordinated efforts to attack global warming. [Graphic]

In recent months, however, U.N. regulators who administer the program have objected to dozens of these developing-world projects, ranging from hydroelectric plants to wind farms, questioning whether the projects would produce a real environmental payoff.

U.N. regulators are also concerned that some independent auditors of these projects, who are responsible for vetting their environmental legitimacy, have been letting project developers push through ventures of questionable environmental value.

The crackdown challenges a plank of the world's campaign against climate change: that polluters can pay someone else to clean up the mess. If the approach were to be discredited, curbing emissions could cost companies and consumers significantly more.

At issue, says Kai-Uwe Barani Schmidt, the U.N. panel's top administrator, is a conflict between "private-sector ambitions and the environmental integrity of the system."

[Fractal Trader]

Global warming baloney ping

[FredZarguna]

The program, known as the Clean Development Mechanism, is one of the most important coordinated efforts to attack global warming.

Which is is of course nothing more than yet another program to transfer money from poor/working people in rich countries to rich dictators in poor countries.

[NormsRevenge]

cracks in the sham that is global warming?

Cool

[poobear]

“...If the approach were to be discredited, curbing emissions could cost companies and consumers significantly more.”

Looks like Phase II of operation SCREW ALL DEVELOPED NATIONS is right on schedule.

It's good to be a third world despot these days.

[ducdriver]

Must be working - global warming is not happening.</s>

[patch789]

this is the ‘carbon offset’ scam in action.
a carbon offset project, is like permission to print money.

keep in mind that,,,

Al Gore, the people creating the projects, the people approving the projects, the people approving the approvers,,,

are all in in together

[Rocky]

I wonder if they know about the sun’s recent activity (or lack thereof):

http://www.freerepublic.com/focus/f-news/1969680/posts?page=199#199

We may be headed for global cooling.

The UN will probably take credit for stopping global warming.

[Doogle]

....”if we could only get the American taxpayer to cough up enough $$$$$, we could drag this out till we retire.....where’s Algore been? Is he still hiding from that judge in the UK who slapped him down? We really should wait till after the US elections,this way putting the screws to the US citizen can be blamed on the president...
LOL....hey Kwami, is my carbon dumping private jet ready?”

[sergeantdave]

“cracks in the sham that is global warming?”

I doubt it. More likely it’s a couple of communist thugs whining that they’re not getting their cut.

[steelyourfaith]

 

Beam me to Planet Gore !