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U.N. panel delays ruling on green rewards for coal

Sat, 09/18/2010 - 3:24am
Reuters

LONDON (Reuters) - A United Nations panel has delayed key decisions on a scheme meant to reward projects that cut carbon emissions in developing countries, including whether to approve a modern coal plant for such incentives.

The U.N.'s clean development mechanism (CDM) allows rich countries to meet caps on carbon emissions by paying for carbon cuts in the developing world, under the Kyoto Protocol.

Countries and companies in the developed world last year paid $2.7 billion to developers in poorer countries for such emissions cuts under the scheme, mostly to big industrial projects, wind farms and hydropower plants in China and India.

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