Brazil’s Amazon Hydroelectrics and the CDM: Defrauding Investors, Cheating the Atmosphere?

Brazil’s Amazon Hydroelectrics and the CDM: Defrauding Investors, Cheating the Atmosphere?

This paper highlights the risks inherent in issuing carbon credits for project scale emissions reductions relative to an estimate of what would have otherwise occurred – which is the basis of the UN’s Clean Development Mechanism – in the absence of an overall sectoral or national emissions budget within which carbon credit issuance would be accounted for through rigorous and transparently monitored double-entry bookkeeping.

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