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Carbon Finance Program (CFP)
Carbon Finance Program (CFP)

... with the Clean Development Mechanism (CDM). The CDM is one of the 3 enabling mechanisms under the 1997 Kyoto Protocol of the United Nations Framework Convention on Climate Change (UNFCCC). It allows Annex I countries to reach their GHG emissions reduction targets by implementing GHG abatement projec ...
Document
Document

... • Thus a country that has not met its carbon emissions target can buy emissions units; • Trading is based on the free market principle according to which the point where supply and demand create the perfect equilibrium price. Students will have the opportunity to experience this mechanism. ...
Shalin Kolkata
Shalin Kolkata

... Project Design Document (PDD): It is a project specific document which included expected emission reduction calculations and monitoring plan along with the elaborated information provided in the PCN. Mandatory document required by NCDMA; DOE and CDM EB ...
Opportunities for the Caribbean in the Kyoto Protocol Negotiations
Opportunities for the Caribbean in the Kyoto Protocol Negotiations

... •Caribbean countries who are Parties to the Convention and Protocol can benefit from the current negotiations in the following ways: •Any efforts to assist the most vulnerable countries to adapt to the impacts of climate change will include the small island developing states of the Caribbean, who a ...
About Climate Positive
About Climate Positive

... Carbon offsetting is the act of purchasing greenhouse gas emission reductions, which have occurred somewhere else, because you are unable or unwilling to reduce your own greenhouse gas emissions. A mechanism to deal with residual emissions that are impossible to reduce, not a micro license to pollut ...
International Climate Policy UNFCCC and Kyoto
International Climate Policy UNFCCC and Kyoto

... • (A) mandate new commitments to limit or reduce greenhouse gas emissions for the Annex I Parties, unless the protocol or other agreement also mandates new specific scheduled commitments to limit or reduce greenhouse gas emissions for Developing Country Parties within the same ...
Climate change activities in Kazakhstan
Climate change activities in Kazakhstan

... COP 7 decision on Kazakhstan status: Upon ratification of the KP by Kazakhstan and its entry into force, Kazakhstan becomes a Party in Annex1 for purpose of this Protocol in accordance with Ar.,pr.7 of the KP. The COP recognized that Kazakhstan will continue to be a Party not included in Annex1 for ...
Japan Quality Assurance Organization
Japan Quality Assurance Organization

... understanding of environmental issues, technical aspects, environmental auditing requirements and accounting methodologies for all sector/source categories. ...
NWP Workshop on Methods and Tools - ACP
NWP Workshop on Methods and Tools - ACP

... Flexibility Mechanisms ...
Socio-eCO2nomix
Socio-eCO2nomix

... • Poverty alleviation strategies to eradicate povertyMoRD •Voluntary commitment to bring down emissions by 20 - 25% by 2020 on a purely domestic level-MoEF • Corporates’ to contribute 2% of their profits towards Corporate Social Responsibility (CSR)MoCA ...
ASSESSMENT OF THE CREDIBILITY AND EFFICIENCY OF THE
ASSESSMENT OF THE CREDIBILITY AND EFFICIENCY OF THE

... obtain the ERUs; that means, the emission reductions or removals must be additional to any that would have occurred without the project. 2.3 Clean Development Mechanism (CDM) The CDM is a mechanism by which Parties may receive emission credits (known as Certified Emission Reductions, or CERs) for th ...
Options for measuring the development dividend in CDM
Options for measuring the development dividend in CDM

... the project developers, revenue sharing by other entities forbidden. ...
INTL LAW and the ENVIRONM.
INTL LAW and the ENVIRONM.

... irreversible damage, lack of full scientific uncertainty shall not be used as a reason to postpone cost-effective measures to prevent ...
Perverse incentives under the CDM: a comment - Working Paper 53 (757 kB) (opens in new window)
Perverse incentives under the CDM: a comment - Working Paper 53 (757 kB) (opens in new window)

... Going after HFC-23 projects specifically, therefore, does not eliminate the possibility that other projects will emerge with these perverse incentives. For instance, doubts have already been raised about the additionality of Chinese hydropower projects (Haya, 2007). A solution that targets only HFC- ...
Summary Slide
Summary Slide

... Clean Development Mechanism (CDM) - developing country parties can volunteer to reduce emissions via joint activities with developed country parties ...
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Document

... Clean Development Mechanism Cell, Ministry of Environment, Government of Pakistan ...
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... Pakistan National Operational Strategy for Clean Development Mechanism (CDM) and Criteria for Approval of CDM Projects ...
power point presentation
power point presentation

... Voluntary & CSR ...
CARBON CREDITS Burning of fossil fuels is a major source of
CARBON CREDITS Burning of fossil fuels is a major source of

... country in a project in Non Annex 1 country, which results in emission reductions. The investment decision would include an agreement between the two parties and their respective countries on the dispensation and transfer of the emission reductions resulting from the project. These emission reductio ...
this file - Carbon Finance at the World Bank
this file - Carbon Finance at the World Bank

... Danish Carbon Fund. ~ $64 million (open to Danish participation). Danish Multi-shareholder. Multipurpose. ...
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Title

... • Under a low estimate of compliance demand by Annex I Parties in 2030 (market of USD 5–25 billion per year), the current flow of CDM projects would provide sufficient supply ...
What are the main money instruments used by the CDM?
What are the main money instruments used by the CDM?

... The second stage is the creation of a Project Design Document (PDD), designed to predict the amount of carbon offset by a venture. The authorities involved in the creation of this document include implementers (companies), sellers and ...
Why Kyoto?
Why Kyoto?

... Kyoto market the most significant development in international environment politics Kyoto divided the world into two groups – Annex 1 and Annex 2, with Annex 1 primarily OECD, Annex 2, primarily emerging & developing countries Annex 1 countries agreed to take a ‘cap’ to reduce greenhouse gas (GHG) e ...
Forestry
Forestry

... Activities: rainforest rehabilitation with ...
and view powerpoint file
and view powerpoint file

... agricultural soils, prescribed burning of savannas, field burning of agricultural residues, etc.) > Forestry. ...
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Clean Development Mechanism



The Clean Development Mechanism (CDM) is one of the Flexible Mechanisms defined in the Kyoto Protocol (IPCC, 2007) that provides for emissions reduction projects which generate Certified Emission Reduction units which may be traded in emissions trading schemes.The CDM is defined in Article 12 of the Protocol, and is intended to meet two objectives: (1) to assist parties not included in Annex I in achieving sustainable development and in contributing to the ultimate objective of the United Nations Framework Convention on Climate Change (UNFCCC), which is to prevent dangerous climate change; and (2) to assist parties included in Annex I in achieving compliance with their quantified emission limitation and reduction commitments (greenhouse gas (GHG) emission caps). ""Annex I"" parties are those countries that are listed in Annex I of the treaty, and are the industrialized countries. Non-Annex I parties are developing countries.The CDM addresses the second objective by allowing the Annex I countries to meet part of their emission reduction commitments under the Kyoto Protocol by buying Certified Emission Reduction units from CDM emission reduction projects in developing countries (Carbon Trust, 2009, p. 14). The projects and the issue of CERs is subject to approval to ensure that these emission reductions are real and ""additional."" The CDM is supervised by the CDM Executive Board (CDM EB) and is under the guidance of the Conference of the Parties (COP/MOP) of the United Nations Framework Convention on Climate Change (UNFCCC).The CDM allows industrialized countries to buy CERs and to invest in emission reductions where it is cheapest globally (Grubb, 2003, p. 159). Between 2001, which was the first year CDM projects could be registered and 7 September 2012, the CDM issued 1 billion Certified Emission Reduction units. As of 1 June 2013, 57% of all CERs had been issued for projects based on destroying either HFC-23 (38%) or N2O (19%). Carbon capture and storage (CCS) was included in the CDM carbon offsetting scheme in December 2011.However, a number of weaknesses of the CDM have been identified (World Bank, 2010, p. 265-267). Several of these issues were addressed by the new Program of Activities (PoA) that moves to approving 'bundles' of projects instead of accrediting each project individually. In 2012, the report Climate change, carbon markets and the CDM: A call to action said governments urgently needed to address the future of the CDM. It suggested the CDM was in danger of collapse because of the low price of carbon and the failure of governments to guarantee its existence into the future. Writing on the website of the Climate & Development Knowledge Network, Yolanda Kakabadse, a member of the investigating panel for the report and founder of Fundacion Futuro Latinamericano, said a strong CDM is needed to support the political consensus essential for future climate progress. ""Therefore we must do everything in our hands to keep it working,"" she said.
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