US Carbon Credit Program"Stifling" Innovation
Posted by Srikant Rajan | # |
08:39:44 am on June 13, 2008

US  voluntary carbon reduction program needs a makeover says Susan Wood, CEO of Sindicatum Carbon Capital Americas (SCC) Americas.Current US markets,have limited number of methodologies for creating carbon offset credits.Woods adds that only eight methodologies are generally accepted for the US voluntary market, as compared to the nearly "50-plus" methodologies under the  UN-endorsed clean development mechanism (CDM),Kyoto for creating carbon credits.Wood further adds “I can come up with a really excellent project that looks great on paper and may even have a CDM methodology I can refer to. But if the baseline has too many parameters to calculate and the project boundary is difficult to define, then it is highly likely it would not have a lot of value in the US market.”

Woods may have a valid case if we look at the fact CDM,Kyoto is currently leading innovation in methods to reduce carbon emissions.

Tags: carbon credits, cdm, clean development mechanism, kyoto, sindicatum carbon capital, susan wood, US carbon market

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