Source: The Sangai Express
Imphal, November 18 2009:
In an effort to discuss the reasons for the failure of Clean Development Mechanism (CDM), more than 80 activists, citizens and representatives of NGOs from Armenia, Bangladesh, India and Uganda gathered at a workshop held in New Delhi, said a press release of CORE.
The participants came to the conclusion that any post-2012 mechanism must enforce the principle of sustainable development.
Just a few days ahead of COP-15 in Copenhagen, where the reform of the CDM would be on the agenda, the participants called on to recognise lessons learnt from the current CDM, which are to improve the participation of citizens in the process, to amend environmentally harmful methodologies, to tax carbon revenues for investment in sustainable development projects, to reveal details of buyers of carbon credits and to establish a competent institutional set-up including a credible code of conduct for the CDM Executive Board.
While the world leaders are battling over the amount of emissions that have to be reduced to curb global warming, numerous particiapnts at the CDM workshop condemned the design of the current CDM, which allows developed countries to reduce their emissions in developing countries where it is cheaper.