These Schools no one wants are unlikly to have significant reserves, many will be barley
viable, meaning as
future finances tighten, they are likely to become a drain on any MAT.
«The absence of an independent accountability mechanism puts the CDM significantly behind other multilateral and some bilateral
financing institutions» commented Filzmoser, adding that, «To increase the credibility of the CDM as a
viable climate
finance instrument in the
future, the CDM Board's only sensible choice is to adopt rules that ensure that the CDM applies appropriate human rights standards in line with the most advanced relevant standards applicable to climate related programmes and projects.»