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Silver Lining For China's Carbon-Financed Wind Power Boom

2014-06-28 04:43:00| Climate Ark Climate Change & Global Warming Newsfeed

Forbes: Chinas wind power industry was among the biggest beneficiaries of the United Nations Clean Development Mechanism (CDM), a carbon trading scheme that used funds from wealthy countries to support clean energy projects in developing countries. The CDM allowed industrial countries to satisfy commitments they had made to cutting greenhouse-gas emissions under the 1997 Kyoto protocol. In 2005, wind power project developers began applying for CDM funding in droves. By 2009, nearly 75% of all wind power...

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Category:Electronics and Electrical

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