'Carbon trading' spawns conflicts of interest

Even pig manure has gone from a hot commodity to a controversial one in the two-year-old "CDM" market, in which industrial countries obliged by treaty to cut their greenhouse-gas emissions can get credit for reductions in the developing world. Less is being achieved than claimed, critics say.

Under the Clean Development Mechanism, a Japanese utility benefits from a hydroelectric dam in Vietnam, a British broker collects credits from a "green" cement plant in China, and Canada buys emissions reductions from Brazilian farms where methane from pig waste is now burned instead of left to rise into the atmosphere.

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Source: Free New Mexican

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