The main U.N.-appointed panel that regulates supply of global carbon offsets could this week decide whether to approve rules that would lead to the award of millions of CO2 credits to coal-fired power stations in developing countries, according to meeting agenda notes on the UNFCCC website.

The Executive Board (EB) of the Clean Development Mechanism (CDM) could this week decide whether to re-instate the methodology that developers use to calculate emission reductions made at coal power plants, a move which would enable them to request carbon credits.

The main U.N.-appointed panel that regulates supply of global carbon offsets could this week decide whether to approve rules that would lead to the award of millions of CO2 credits to coal-fired power stations in developing countries, according to meeting agenda notes on the UNFCCC website.

The Executive Board (EB) of the Clean Development Mechanism (CDM) could this week decide whether to re-instate the methodology that developers use to calculate emission reductions made at coal power plants, a move which would enable them to request carbon credits.

Against the backdrop of coal shortages impacting the power sector, increasing hydro power generation capacity would help in strengthening India's energy security, says a report.

Many hydro power projects are grappling with delays and cost overruns, mainly due to geological as well as geopolitical obstacles.

“Given India's tight domestic coal supply and increasing reliance on imported coal, hydro capacity provides the country with greater energy security...,” HSBC Global Research, part of banking giant HSBC, said in a recent report on the Indian hydro power sector.

Against the backdrop of coal shortages impacting the power sector, increasing hydro power generation capacity would help in strengthening India’s energy security, says a report. Many hydro power projects are grappling with delays and cost overruns, mainly due to geological as well as geopolitical obstacles.
“Given India’s tight domestic coal supply and increasing reliance on imported coal, hydro capacity provides the country with greater energy security...,” HSBC Global Research, part of banking giant HSBC, said in a recent report on the Indian hydro power sector.

Maosheng Duan of China was on Monday named chairman of the executive board for the Clean Development Mechanism, becoming the first person from the world's top polluter to oversee the UN-backed carbon market for developing nations.

Duan succeeds Britain's Martin Hession, who will now serve as vice-chair of the CDM executive board, said the United Nations Framework Convention on Climate Change (UNFCCC) in a statement from Bonn. Both positions run through early next year.