UN OKs Funding of 32 Wind Farms in China

A United Nations panel approved for carbon financing 32 Chinese wind farms but rejected six others, Reuters reports. The 32 wind farms will reduce greenhouse gas emissions by approximately 11.3 million tons by 2012, when the current Kyoto climate change deal expires. Funding for the programs will be sourced from the Kyoto pact’s clean development mechanism, which allows companies to invest in clean energy projects in emerging economies.

About the author

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.