RTCC: The main tool that funnels finance to developing countries could get a new lease of life from a possible global climate deal at the end of next year, as deeper carbon targets will mean more demand for offsets, the head of the UN`s main carbon offset scheme said.
Hugh Sealy, who was recently elected as chair of a panel that overseas carbon reduction projects in developing countries, said the Kyoto Protocol’s Clean Development Mechanism (CDM) would remain relevant for policymakers despite chronic…

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