What I've stated clearly is that the clean development mechanism is a market-based mechanism that can be used for private sector entities to be able to purchase or invest in third world country projects for emission reductions. What I believe is necessary is that if the government is going to facilitate these kinds of projects, we should make sure we have oversight, that there is third-party verification that there are emissions reductions happening. If taxpayer money is involved, there should absolutely be third-party verification. I would rather see the government invest taxpayers' money directly in projects that will result in verifiable emissions reductions and therefore help us toward our Kyoto target.
