A carbon credit rating service modelled on financial risk rating systems aims to bring greater clarity to the global carbon offset market.
The system will be unveiled next Wednesday by IDEAcarbon, a subsidiary of financial research firm IDEAglobal, of which Lord Stern is vice chairman.
An IDEAcarbon spokeswoman refused to be drawn on details, but the service is expected to award debt-style AAA ratings for projects most likely to deliver projected emission reductions. The riskiest projects will be given "junk" ratings.
The service comes amid growing fears that many projects managed under the U.N.'s Clean Development Mechanism (CDM) are failing to deliver the expected flow of credits.
See full Article.
Posts
