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UN climate deal could 'revive' offset market says CDM chief

2014-03-10 12:21:00| Climate Ark Climate Change & Global Warming Newsfeed

RTCC: The main tool that funnels finance to developing countries could get a new lease of life from a possible global climate deal at the end of next year, as deeper carbon targets will mean more demand for offsets, the head of the UN`s main carbon offset scheme said. Hugh Sealy, who was recently elected as chair of a panel that overseas carbon reduction projects in developing countries, said the Kyoto Protocols Clean Development Mechanism (CDM) would remain relevant for policymakers despite chronic...

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