The plight of the international carbon market sector, already
made dire by the financial crisis in Europe, appears to have
been further compounded by uncertainties surrounding fallouts
from the recently-held United Nations (UN) climate change
conference in Durban, South Africa. According to observers, the
sectoral ship has been tilting as prices are falling to
unprecedented lows following the European Union (EU) economic
imbroglio and an increasing issuance of credits. In this
situation, they add, CDM (Clean Development Mechanism) project
developers now more than ever want to get their projects in the
safe EU harbour before the end of 2012, a development that is
resulting in skyrocketing project inflow. A major feature of the
Kyoto Protocol (KP), the CDM rewards “clean” project developed
in emerging countries. Every emission reduction compared to a
baseline can be turned into a CER (certified emission reduction
credit) issued by the UN. Signed in 1997 and entered into force
in 2005, the KP requires developed