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UN panel deceived over carbon credits

By Patrick McCully

Financial Times, Feb 13, 2007

From Mr Patrick McCully.

Sir, The massive overpayments to Chinese chemical companies for anti-pollution equipment, revealed in Fiona Harvey's article, "Billions lost in Kyoto carbon trade loophole" (February 8), exposed just one of the ways the so-called Clean Development Mechanism (CDM) trading vehicle is hindering efforts to combat global warming.

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