Here is the TIME article that came out today giving an Indian example and buttressing the fact that CDM market options are flawed the way they are currently done.
You are invited to discuss the article here.
"Toranagallu is also home to a 3,700-acre forest of puffing smokestacks that make up the Jindal South West steel factory. Opened a over a decade ago, Jindal South West has over the past several years claimed an estimated $150 million in carbon credits thanks to its internationally recognized status as a part of the Clean Development Mechanism (CDM) administered by the UN under the Kyoto Protocol. But while the steel plant's efforts to reduce its emissions may in a very small way be helping the earth's atmosphere, villagers complain any benefits are lost on them. "Since the plant has come, the village's water supply is polluted, and the air is polluted from the dust and smoke," says KSL Swamy, the Toranagallu representative in the state legislature. "Salaries at the plant are very good," he says, "but the pollution is very bad. We feel it."
Read more: http://www.time.com/time/health/article/0,8599,1945243,00.html#ixzz0YdFYQ1Oj
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