SA CDM projects may be affected by new EU initiative

Many of those involved with CDM projects in South Africa fear that Clean Development Mechanism issues are being sidelined in favour of other sources of funding that are increasingly gaining popularity among developing countries participating at the climate change negotiations.

Should the EU only buy credits from LDCs, it might create a gap of several years past 2012, in which South African emissions-reducing initiatives, such as CDM projects, would struggle to sell credits. Three Clean Development Mechanism projects are being planned at major municipalities, and the United Nations Framework Convention on Climate Change (UNFCCC), reports that there are 19 South African projects already registered and more than 100 projects in the pipeline.

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