Mr. Francisco Ascui

Lecturer in Business and Climate Change, University of Edinburgh Business School

GLG News by Mr. Francisco Ascui, Lecturer in Business and Climate Change

Analyses are solely the work of the authors and have not been edited or endorsed by GLG.

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UN Clean Development Mechanism isn't perfect, but it works

May 27, 2008

Analysis of:Billions wasted on UN climate programme | www.guardian.co.uk

Recent reports provide fuel for the claim that billions of dollars spent subsidising projects to reduce greenhouse gas emissions in developing countries are being 'wasted', because projects would have gone ahead anyway. The underlying facts are essentially correct, but readers should beware drawing hasty conclusions. There are good reasons why some existing projects and projects which are implemented under national emission reduction policies should still get carbon credits.

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