U.N. panel to review CER request from 5th HFC plant

LONDON (Reuters) - A United Nations panel will review a carbon offset request from a fifth greenhouse gas destroying plant, the UN said on Friday, a sign that all similar projects approved under a Kyoto Protocol carbon finance scheme will be scrutinized.

LONDON (Reuters) - A United Nations panel will review a carbon offset request from a fifth greenhouse gas destroying plant, the UN said on Friday, a sign that all similar projects approved under a Kyoto Protocol carbon finance scheme will be scrutinized.

The UN's climate arm said on its website it would review a request for offsets, called Certified Emissions Reductions (CERs), from the Zhejiang Juhua project in China, which makes money by destroying a potent greenhouse gas called HFC-23.

The project was approved under Kyoto's $2.7 billion Clean Development Mechanism (CDM), which helps fund cuts in carbon emissions in emerging economies.

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