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Follow on Google News | Financial Soultions: UN emission reduction scheme gets investors backing.After a cold original reception, a UN scheme is now achieving massive cuts in carbon emissions.
Using technologies such as solar lanterns, higher efficiency cooking stoves and solar water heaters millions of people are now in line to see an improvement in their lifestyles, Financial Soultions understands. The so called “program of activities,” "It is very clear that the project-by-project standard way of CDM is not going to be allowed in many countries. If you want to be active in the normal markets, China and India and so on, you have to move toward these approaches which move toward sectoral approaches," The EU approach to CDM’s is to push for emission reductions in industrial areas in poorer nations. It would prefer the CDM's project-based approach to be phased out for advanced developing countries, such as India and China, to assist the lesser developing countries get more aid from the CDM scheme, worth $6.5 billion last year, Financial Soultions was informed. To date, China and India have received the majority of CDM's investment, but the EU is now questioning environmental integrity of giving carbon credits to large hydro and wind power projects. # # # Financial Soultions is a Boutique Investment Advisory Firm with very selective Corporate, Private and Institutional Clientèle who enjoy above average returns and service. End
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