Climate Justice Now!| CDM EXEC. BOARD BLOCKS FIRST PROJECT | Monday, December 06, 2004 |
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 Bueños Aires to participate in the climate negotiations.
by: ProfMKD @ 6:44 PM