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A United Nations panel recommendation this week to change carbon credits calculating methodology for hydroflourocarbons (HFCs) can result in India losing half of its credits valid till 2012. Certified Emissions Reduction Units (CERs), also called carbon credits, for the destruction of hydroflourocarbons (HFC) represent over 80 percent of the total credits issued till date under UNs Clean Development Mechanism (CDM) to India. HFC has highest credit value, as a tonne of HFC emission saved means 11,700 carbon credits earned.
A coalition of green groups working under the banner CDM Watch had tabled a formal request calling on the UN’s climate change secretariat to overhaul the CDM and crack down on alleged
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