Krupped up 2

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1. 

   Tom Athanasiou Posted 6:58 am
   02 Oct 2007

   This just in, and relevant tooThis just in (posted by Larry Lohmann on an anti-trading list) and relevant too:
   
   
   
   ENVIRONMENTAL DEFENSE THROWS IN THE TOWEL ON CDM
   Environmental Defense, the corporate-oriented US NGO that was one of the architects of both the US sulfur dioxide trading program and global carbon trading schemes, now admits that the Clean Development Mechanism is "increasingly incompatible with the environmental imperative presented by the latest climate science".
   "The CDM simply shifts emissions from one part of the world to another without any net reduction in global emissions," the organization said.
   It added that the CDM has also "effectively eliminated any incentive" for less industrialized countries to "generate greater emissions reductions".
   Environmental Defense's recantation came in an article by research fellow Kyle Meng in September's Carbon Finance magazine.
   The organization puts forward several proposals for "reform" of the CDM. On close examination, however, they are largely proposals to begin phasing out or reducing the role of CDM credits in the market.
   The group proposes, for example, a "value-added" CDM involving retiring or withholding a certain proportion of CDM credits from the carbon market, so that they cannot continue to be used to license emissions in the industrialized world.
   Environmental Defense also says it will be necessary to "'sunset' access to the CDM for large-emitting developing economies -- that is, to phase out their access to the CDM entirely".
   In addition, the group suggests paying off Southern countries for bypassing the CDM and joining a global cap-and-trade scheme instead. The payoff would come in the form of emissions allowances "set slightly above its level of current national emissions". The payoff would supposedly be used to "finance rapid pathways to low-carbon economic growth" and enable participation in global carbon trading, "while saving significantly on transaction costs by avoiding project-level additionality requirements".
   
   
   
   The interesting point, for all you close readers, is that ED seems to be abandoning the CDM (which has been the poster-child of shitty trading systems) for cap-and-trade per se.  
   I would say that was progress, or "learning by doing" as the (evidently) say at the World Bank.  I would also say that CDM was such a pig that we should have been able to learn more easily, but what do I know?
   -- toma
   
   Tom Athanasiou
   
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2. 

   Aklemm Posted 7:12 am
   02 Oct 2007

   Teddy Roosevelt said it..."It is not the critic who counts. Not the man who points out how the strong man stumbled or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs and comes short again and again; who knows the great enthusiasms, the great devotions; who spends himself in a worthy cause. Who, at the best, knows in the end the triumph of high achievement, and who at the worst, at least fails while daring greatly, so that his place shall never be with those timid souls who know neither victory or defeat."
   If you couldn't guess, I agree with David Roberts.  
   McDonough tells a funny story about Krupp being the cause of much of McDonough's materials work with a warning after the architectural contract was awarded to the Croxton Collaborative for EDF's HQ.  
   Krupp said, "If any of my people get sick from this building, we are going to sue you."
   McDonough then has a story about negligence and where negligence begins.
   Krupp was instrumental in kicking off the public phase of McDonough's sustainability practice.
   That alone should count for something amongst the green fundamentalists.

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