LONDON, March 30 Carbon emissions auditors
suspended by the U.N. late last week called for clarification of
the rules of a Kyoto Protocol carbon finance scheme under which
they operate, with one mulling fighting the suspension.
The executive board of Kyoto's Clean Development Mechanism
(CDM) suspended Germany's TUEV SUED and partially suspended
Korea Energy Management Corporation (KEMCO) for procedural
breaches and over concerns about personnel qualifications.
"The company officials are now discussing internally how
they will dispute," an official at KEMCO said on Tuesday.
He said KEMCO has six months to dispute the suspension, and
during this time the board will make spot checks at the firm.
KEMCO was given the green light to continue working with
renewable energy projects, energy efficiency projects and
projects to cut chemical industry emissions, but was barred from
working on any other types.
The CDM's executive board said TUEV SUED can continue
working on existing projects but cannot take on new work.
The board has now fully or partially suspended four firms in
the past 15 months for breaking rules under the CDM.
"In our view, this increase in the number of temporary
suspensions also indicates that the provisions for (firms) are
not clear enough", said Sven Kolmetz, head of carbon management
services at TUEV SUED, in a statement.
"Companies need unambiguous, clear provisions and framework
conditions to enable them to carry out their activities in
compliance with the standard."
Under the $33 billion CDM, firms can invest in greenhouse
gas cuts in developing countries and in return receive carbon
offsets which they can sell for profit.
(Reporting by Michael Szabo and additional reporting by Cho
Mee-young in Seoul; editing by James Jukwey)