A new analysis of the clean development mechanism (CDM) published by the European Commission on Wednesday 19 April highlights the shortcomings in this, one of the flexible mechanisms defined in the Kyoto Protocol granting carbon credits in return for clean investment in third countries. The CDM was due to end with the Paris climate agreement.
The study, carried out by Öko-Institut e.V. of Germany for the Commission, finds that 85% of projects covered in the analysis and 73% of the...