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South African, Brazilian projects win Norwegian CO2 credit tender

2015-07-03 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: The Norwegian government has selected a total of five projects in Brazil and South Africa under its second tender to purchase carbon credits to meet its emission targets, helping prop up ailing demand for carbon-cutting projects. The U.N.s Clean Development Mechanism (CDM) allows investors in emission reduction projects located in poor nations to earn carbon credits that governments and companies can use to offset emissions. It has issued developers with more than 1.6 billion carbon offset credits,...

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