Carbon market may fund dam in Panama that threatens natural reserve

Mongbay: The UN’s Clean Development Mechanism (CDM) — a scheme that provides funds to projects that reduce emissions in developing nations — may be used to finance a hydroelectric dam in Panama which, according to environmentalists, threatens a biologically rich World Heritage site and an indigenous tribe, the Ngobe. AES Corporation, a Virginia-based company, is overseeing the dam’s construction in the Palo Seco Protected Forest on the Rio Changuinola. The river flows out from La Amistad …

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