UN seen backing biofuels in carbon mechanism

The Economic Times
6 Dec 2009, 0016 hrs IST, REUTERS

RIO DE JANEIRO: A United Nations panel has approved the inclusion of biofuels in a global scheme to reduce carbon emissions, a move that should
boost investments in such projects, a Brazilian government official said on Friday.

“The United Nations has just approved liquid biofuels methodology as a basis for the CDM. Projects that include liquid biofuels for transport can be included,” Andre Amado, the Brazilian foreign ministry’s subsecretary for biofuels and technology, told Reuters in an interview. The CDM, or Clean Development Mechanism, part of the UN’s Kyoto protocol, promotes investments in emission-reducing projects in the developing world by companies and governments in rich nations.

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