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China carbon cash party over as U.N. credit stream dries up
2014-04-23 09:59:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Revenues for China's biggest sellers of U.N.-issued carbon credits shrunk last year to a tenth of 2012 values, choking off billions of dollars flowing to clean energy projects in the world's top carbon-emitter. China will now have less money to put into a stepped-up campaign to cut greenhouse gas emissions, clean its air and raise the share of fossil-free energy in its total mix to 15 percent by the end of the decade, from a current 8 percent. The U.N.'s Clean Development Mechanism (CDM) is...
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Category:Electronics and Electrical