Climate Progress » Blog Archive » You can call a rip-offset a CDM project, but it’s still a rip-offset

Like landfills, oil sands, and “occasional irregularity,” the term Clean Development Mechanism (CDM) is in the euphemism Hall of Fame. But once a rip-offset, always a rip-offset.
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Seriously folks, let’s remember that the West got suckered into giving China some $6 billion to destroy greenhouse gas refrigerants that probably cost Chinese companies $100 million to capture and destroy (for more details, see “Kyoto’s Great Carbon Offset Swindle“). Let’s remember that a major 2008 analysis from Stanford found

… “between a third and two thirds” of emission offsets under the Clean Development Mechanism (CDM) — set up under the Kyoto treaty to encourage emissions reductions in developing nations — do not represent actual emission cuts.

CO2sceptics News Blog | Richard Courtney's critique to U.S. MAYORS CLIMATE PROTECTION AGREEMENT

Richard Courtney's critique to U.S. MAYORS CLIMATE PROTECTION AGREEMENT[PDF]