Huge Success for MENA – CDM Saved in Durban
DECEMBER 12, 2011
Algeria, Morocco, and Egypt are among the most rapidly advancing nations in the world in adding renewables through the CDM. The CDM is an offsetting tool that is used to reduce global emissions with cap and trade: essentially polluters are fined and forced to invest those pollution fees in clean energy in emerging economies. By 2015, China will be funding renewables to offset emissions under its own cap and trade scheme.