The UN´s Clean Development Mechanism is beyond repair and should be dumped, climate justice campaigners told delegates at the UN ClimateChange Conference in Poznan today. *1

“The CDM is a ´lose-lose´ proposition. Its projects generate windfalls for major polluters in the global South while providing Northern-based transnational corporations and governments a way to buy their way out the responsibility to make their own emissions cuts” says Tom Goldtooth, Executive Director of the Indigenous Environment Network.

The future of the CDM is currently under discussion at the Poznan climate talks. Most of the rule changes and reforms being considered will expand the mechanism. These include proposals to include nuclear power and Carbon Capture and Storage (CCS) projects in the CDM. None of the proposals will address the fundamental flaws of ´carbon offsetting´, however.