Friday 17 May 2013

Trading working group reaches agreement!


  • Clean Development Mechanism (CDM) continued until 2050.
  • Carbon Capture and Storage (CCS), included in CDM, shall be extended until 2030.
  • LULUCF and REDD included under CDM: countries can implement LULUCF and REDD projects up to a maximum of 20% of their overall CDM projects.
  • CDM shall be tied to the 'Gold Standard' certification scheme for increased transparency. 

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