Followers of this blog might have noticed that there was no update on the India project. That’s because the India project met little (that is, zero) response by the Indian project developers. It didn’t come as a surprise: We were all well aware that many project developers used the CDM as a self-service cash machine that hands out bills with few questions asked. Understandably, they do not want me to uncover the lack of emission reductions actually achieved in their projects. I have become very cynical about this. But well, India is not a feasible host country for CDM projects any longer anyway, as the only significant buyer of certificates, the ETS, from now on accepts CERs only from least developed countries, which means basically Africa. Farewell, India!
In the meantime, I have signed up for the WWF and then read the “Schwarzbuch WWF”, which deals with questionable business connections of the NGO. In the beginning, I did not really get the point, as collaboration of greens and chimes seems to me the only feasible road to a better future. However, the world’s oldest and best known NGO for environmental protection seems to achieve little, not justifying the greenwashing it renders to the firms it cooperates with. In other words – it seems to sell its brand below value.
What has happened on the world stage? The EU Parliament finally voted for backloading 900 bn certificates, but the impact of that preliminary measure is limited. Look at the CDM price plateaud on the lowest level imaginable and judge for yourself. The COP19 in Warsaw (of all places; Poland is generating 90% of its electricity by burning coal) has no ambition whatsoever to produce results.
Anybody out there, tell me – what now?