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Climate Justice Now!
| CDM EXEC. BOARD BLOCKS FIRST PROJECT |
CDM EXEC BOARD HALTS FIRST CDCF PROJECT

The World Bank's first CDCF project, a hydro plant in Honduras, was blocked today when 5 members of the CDM Executive Board requested a review of the project. Some of them picked up on the criticisms made by the International Rivers Network that the project was "non-additional" (i.e., was going to happen anyway).

Ben Pearson, an analysts at the Australian based CDM Watch said, "It's a big headache for the Bank and an embarrassment!"

According to Pearson, "The project is now delayed till the next Board meetings (Feb 23-25 2005), when the Board will decide whether to review it, which they probably will. So, it may go ahead at some stage in the future but for now is stopped as a CDM project."

Pearson will arrive on Wednesday 8 December in BueƱos Aires to participate in the climate negotiations.

by: ProfMKD @ 6:44 PM

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