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Largest wind farm in Southeast Asia goes online in the Philippines

Largest wind farm in Southeast Asia goes online in the Philippines

The largest wind farm in Southeast Asia, a 150-megawatt installation in the Phil...

SPI Solar to acquire 360 MW worth of solar power projects in China

SPI Solar to acquire 360 MW worth of solar power projects in China

Solar Power, Inc. is set to become one of the largest solar developers in China....

Toyota hybrid exceeds 7 million mark in global sales

Toyota hybrid exceeds 7 million mark in global sales

The cumulative global sales of Toyota Motor Corporation’s hybrid vehicle have ex...

Suzlon eyes 2,000 MW of wind energy projects in India over next five years

Suzlon eyes 2,000 MW of wind energy projects in India over next five years

India-based wind turbine maker Suzlon has expressed its intent to build 2,000 me...

Solar power could be leading source of electricity by 2050

Solar power could be leading source of electricity by 2050

Solar power could overtake all other sources of electricity by 2050, according t...

U.N. chief welcomes announcements made in Climate Summit

U.N. chief welcomes announcements made in Climate Summit

United Nations Secretary-General Ban Ki-moon welcomed bold new actions to addres...

Climate Summit sees intiatives and commitments

Climate Summit sees intiatives and commitments

Various bodies and entities on the Climate Summit in New York have announced the...

Business

Richard Flint, Yorkshire Water CEO, opens self-powered sewage works

Richard Flint, Yorkshire Water CEO, opens self-powered sewage works

Thursday, 13 November 2014

Consuming two years development time and a whopping £34 million investment, Yorkshire’s first self-powered sewage works site has been unveiled in Brad...

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Technology

New polymer materials developed for better solar cells

New polymer materials developed for better solar cells

Wednesday, 19 November 2014

Researchers from North Carolina State University and the Hong Kong University of Science and Technology have developed new materials for more efficien...

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Politics

Extreme weather poses threat to Pacific Islands

Extreme weather poses threat to Pacific Islands

Monday, 24 November 2014

The United Nations has released an advisory note encouraging the Pacific Islands to establish a regional mechanism for better preparedness in line wit...

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Living Green

How to reduce your pooch’s carbon paw print

How to reduce your pooch’s carbon paw print

Wednesday, 19 November 2014

With an increasing number of people becoming environmentally conscious, there is little wonder that several measures are being taken to bring down the...

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Renewables

Philippines houses world’s largest solar-powered mall

Philippines houses world’s largest solar-powered mall

Monday, 24 November 2014

A mall in the capital city of the Philippines is now sporting a 1.5-megawatt solar panel installation. The project by Solar Philippines Commercial Roo...

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Low-Carbon

Is metal the future of construction?

Is metal the future of construction?

Monday, 24 November 2014

Climate change has prompted people to become more cautious of their environment. The constant surge of extreme weather conditions has posed considerab...

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Opinion

Unsustainable urban life: What's next?

Unsustainable urban life: What's next?

Wednesday, 11 June 2014

Nutrition plays a critical role in everyone’s chance at a better future. Hunger, said Benjamin Franklin once, is the best pickle. Some say “pickle”...

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U.N. providing loans to C.D.M. projects in underdeveloped countries

A new loan scheme to support Clean Development Mechanism projects in underdeveloped countries was launched by three United Nations agencies at the African Carbon Forum last week in Addis Ababa, Ethiopia.

The scheme will provide interest-free loans for C.D.M. projects in underdeveloped countries as well as countries that have fewer than 10 registered C.D.M. projects.

The loans will provide financing for a project to get its C.D.M. validation and registration and see it through the verification process. After it is validated and registered as a C.D.M. project, it can then generate certified emission reduction credits which can be traded in carbon markets.

The scheme is run jointly by the United Nations Framework Convention on Climate Change, the United Nations Environment Program Risoe Centre and the United Nations Office for Project Services.

U.N.F.C.C.C. Executive Secretary Christiana Figueres said the launch of the loan scheme is both timely and relevant as the European Union Emission Trading Scheme will only accept Certified Emissions Reductions from the underdeveloped countries starting next year. With most of these countries found in Africa, she said the scheme "has come at the right time and to the right place."

"The C.D.M. Loan Scheme is a chance to improve the access to and spread of the C.D.M., particularly in Africa," Ms. Figueres said. "I hope during next year's Africa Carbon Forum, we will see the positive impact this scheme has made towards ensuring the active participation of the continent in the C.D.M."

C.D.M. projects help reduce greenhouse gas emissions and contribute to sustainable development and technology transfer, which could benefit the economies of developing countries. – EcoSeed Staff



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