Bloomberg: Alternative energy - UN Stops Approving China Wind Projects, Official Says

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The United Nations stopped approving aid for Chinese wind-power projects until it determines whether they qualify unfairly, a Chinese official said. Certification was halted because of UN concern that low power rates set by the state help projects meet requirements to get carbon credits, said a National Development and Reform Commission official who has direct knowledge of the matter. David Abbass, a Bonn-based spokesman for the UN Framework Convention on Climate Change, wasn’t available for comment. The UN program, designed to kick-start projects that otherwise wouldn’t get built, has become the world’s largest generator of carbon credits and China the biggest beneficiary. The tradable credits typically are awarded to foreign investors in return for them financing emission-reduction projects in developing countries including India.