UN Panel Approves 32 China Wind Farms

14 February 2010 (Last Updated February 14th, 2010 18:30)

A United Nations climate panel has approved 32 Chinese wind farms for carbon financing under the Kyoto Protocol. The panel has, however, blocked another six after rejecting eight similar projects in December. The approved wind farms will cut greenhouse gas emissions by some 1

A United Nations climate panel has approved 32 Chinese wind farms for carbon financing under the Kyoto Protocol.

The panel has, however, blocked another six after rejecting eight similar projects in December.

The approved wind farms will cut greenhouse gas emissions by some 11.3 million metric tons by the end of 2012, the year the current Kyoto pact expires, according to UN data, reports Reuters.

Under Kyoto's Clean Development Mechanism (CDM), companies can invest in clean energy projects in emerging economies, and in return receive offset credits.