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China renewables to power ahead without CDM: report

Fri, 08/20/2010 - 12:24am
Reuters

SINGAPORE (Reuters) - Green investment in China will forge ahead even without a United Nations carbon offset scheme, eventually shriveling the country's dominant role in a program that has underpinned billions of dollars in investment.

Investors are sidestepping the Clean Development Mechanism in China because of uncertainties over its future, a Citibank carbon executive told Reuters in an interview in Singapore.

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