'Major changes needed to make CDM effective'

The UN's Clean Development Mechanism (CDM) is too bureaucratic, and major efforts are necessary to keep the carbon market alive in the current financial crisis, says the company that validates nearly half of all CDM projects.

Oslo: Oslo-based DNV, an independent certification body, tells Recharge that it wants to expand the scope and reach of the CDM system in a post-Kyoto climate deal at Copenhagen later this year to help developing countries create more clean energy and carbon credits.

"The CDM system has many positive elements. But now we have to lift it and make it ready for the next step," says Stein Bjørnar Jensen, managing director at DNV Climate Change Services.

"Our customers tell us that the system is too slow and bureaucratic," adds Bjørn Haugland, Log in to read complete article.

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