UN regulators froze new credits as they began a probe on July 30 into allegations by CDM Watch, an environmental lobby group, that some plants emitting hydrofluorocarbons were unfairly exploiting the system. Should the inquiry lead to new limits on expected credits, investors would abandon the UN market, the world’s second-largest greenhouse-gas program, said Dirk Forrister, head of Clinton’s 1997 task force on climate.
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“It’s always sad when there is controversy on the CDM, eating up public perception of the carbon market,” said Tuomas Rautanen, a senior analyst at First Climate, an emissions investor. “The more uncertainty there is in what credits will be accepted, the more hesitation there is in what to invest.”
Read more: http://www.businessweek.com/news/2010-09-09/un-risks-huge-mistake-in-carbon-trading-probe-energy-markets.html
