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Kyoto protocol wind victory in Bonn
1 August 2001
The agreement reached in Bonn on the rules of the Kyoto Protocol is set to open up major new markets for wind power around the world, particularly now that nuclear is no longer a competing "clean energy" source. The Clean Development Mechanism (CDM), through which developed countries can invest in climate-friendly projects in developing countries and be credited for the emissions saved, provides a major opportunity, confirms the European Wind Energy Association's Vicky Pollard. "Wind is one of the most viable options in the clean development mechanism," she says. The agreement also calls for simplified procedures for small CDM projects; for renewables this means projects of up to 15 MW. Renewables should also benefit from money under technology transfer, one of the areas to gain from a special climate change fund. "We've won a major tactical victory here, and the big losers are the oil, coal, gas and nuclear industries, and George W. Bush," adds Bill Hare, from Greenpeace International. Although the Bonn agreement bodes well for wind, the inclusion of forest "sinks" for absorbing CO2 -- the chief stumbling block to The Hague negotiations which broke down late last year -- is a blow to many in the renewables industry. The EU, which was opposed to sinks, apparently conceded the issue to keep the protocol on track. As a trade-off, nuclear is excluded.
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