The United Nations may ease rules for carbon-cutting projects such as water heaters and efficient cookstoves in countries including Uganda and Sudan, helping to shift investors away from China.
The UN Clean Development Mechanism’s Executive Board, regulator of the world’s second-biggest carbon market by traded volume, agreed last week to consider ways to quicken the approval procedure for some emission-reduction activities. The new process would help ease difficulties facing projects that produce fewer emission reductions than others, including those that create usable fuel from animal dung and renewable energy initiatives small enough to power a light-bulb.
