China's Duan to chair U.N. carbon executive board

(Reuters) - Maosheng Duan of China was on Monday named chairman of the executive board for the Clean Development Mechanism, becoming the first person from the world's top polluter to oversee the UN-backed carbon market for developing nations.

Duan succeeds Britain's Martin Hession, who will now serve as vice-chair of the CDM executive board, said the United Nations Framework Convention on Climate Change (UNFCCC) in a statement from Bonn. Both positions run through early next year.

Duan, who joined the executive board in 2010 and served as its vice-chair in 2011, is a professor at the Institute of Energy, Environment and Economy, Tsinghua University.