At a United Nations climate change conference in Poland this week, participants discussed reforming the Clean Development Mechanism (CDM), a feature of the Kyoto Protocol which requires countries to reduce greenhouse gas emissions. The World Bank, which was instrumental in starting the CDM, has called for the creation of an Ombuds program that could play a role in building trust and confidence in the CDM. Details of the World Bank's proposal were not available. (Carbon-Finance Online.)
Whether or not the proposal is for an Organizational or Classical Ombuds program is unknown. (The World Bank and UN both have Organizational Ombuds.) Regardless, it is encouraging to see plans for ADR programs being considered as a new and critical industry begins to take shape.
Friday, December 5, 2008
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