Reuters: The United Nations risks creating huge auditing problems and overstating environmental benefits by promoting the cancellation of carbon credits as a way of tackling climate change, the European Union said on Thursday.
In a presentation at U.N. climate negotiations in Bonn, the U.N. said the cancellation of credits under its Clean Development Mechanism (CDM) could cheaply contribute almost 40 percent of the gap between national emission reduction pledges and the level scientists say is needed to...