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U.N. panel rejects China windfarms, lifts suspension
A United Nations climate panel on Friday blocked carbon financing for around 10 Chinese wind farms over concerns about whether they are financially viable without receiving carbon offsets, the panel said. ...The panel's decision on the Chinese wind farms could have serious implications for billions of dollars' worth of wind farm investment in China. The panel said it lacked sufficient information in support of the projects' claims of making additional emissions cuts.
December 5, 2009
by Michael Szabo
in Reuters
LONDON - A United Nations climate panel on Friday blocked carbon financing for around 10 Chinese wind farms over concerns about whether they are financially viable without receiving carbon offsets, the panel said.
The panel also lifted a suspension on emissions verifier SGS UK, one of the biggest players in the $6.5 billion carbon offset market, the panel's chairman Lex de Jonge told Reuters.
The panel's decision on the Chinese wind farms could have serious implications for billions of dollars' worth of wind farm investment in China.
The panel said it lacked sufficient information in support of the projects' claims of... [continue via Web link]
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