An evaluation of the CDM and options for improvementOne out of five emission reductions credits sold under the Kyoto Protocol’s Clean Development Mechanism (CDM) lack environmental integrity, according to a WWF report.
The report — Is the CDM fulfilling its environmental and sustainable development objectives? — suggests that 20% of emission reductions certified under the initiative may have happened even without CDM financing.
WWF proposes a series of improvements that the CDM's Executive Board should implement to strengthen the credibility of the CDM. These include strengthening the project methodologies, and increasing the controls and transparency of the verifying organizations.