UN Draft May Mean ‘Deregistration’ of CO2 Projects, IETA Says
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A United Nations draft proposal to limit excess issuance of Certified Emission Reductions may result in the “deregistration” of projects, the International Emissions Trading Association said today in a statement.
“The desire to limit excess issuance must be balanced” with the need to keep carbon-project auditors and investors interested in the UN’s Clean Development Mechanism, Henry Derwent, president of Geneva-based IETA, said in an Oct. 8 letter to the UN. The letter responded to UN carbon regulators’ request for input.