LONDON (Reuters) - A UN panel will review carbon offset issuances requests by three Chinese greenhouse gas destroying projects, a UN spokeswoman said on Tuesday, a sign the most lucrative projects under the Kyoto Protocol may face more scrutiny.
The Shandong Dongyuen, Zhejiang Dongyang and China Fluoro projects, which destroy a potent gas called hydrofluorocarbon-23 and are approved under Kyoto's $2.7 billion Clean Development Mechanism (CDM), had requested 4.5 million offsets, called Certified Emissions Reductions (CERs), from the UN's climate change secretariat.
The CDM funds clean energy projects in emerging economies.
