UN CO2 Board Can Handle Jump in Credit Requests, Chairman Says
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The world’s second-biggest carbon market is ready to handle a surge in requests for new credits this year by using regulators more effectively, the new chairman of the Clean Development Mechanism said.
The program, where rich nations invest in emission-cutting projects in the developing world in exchange for tradable credits, will probably receive a 54 percent jump this year in requests for credits, according to a presentation published on the website of the UN Framework Convention on Climate Change.