There are currently more than 900 registered CDM projects underway around the world, about 60% of which are to be found in Asia and the Pacific. The viability of these projects is, of course, dependent upon the continuing ability to sell the acquired carbon credits. This means that the project would become unsustainable if the market for those credits were ever to dry up (for example if developed nations, pursuing their own green projects, no longer needed to purchase carbon credits to comply with emissions caps).

In a world where the United States alone accounts for a quarter of greenhouse gas emissions, provided that some permutation of the two-tiered international agreement can be reached, this seems rather a distant scenario.

Copyright (c) 2008 Daniel Lafleche

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