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Clean Development Mechanism and Joint Implementation
Introduction
The industrialized countries may generally fulfill their obligations to reduce GHG at home or abroad. The instrument to be applied in developing countries is the Clean Development Mechanism (CDM).
Accredited independent third parties validate the project design documents (PDD) and will certify the emission reduction units (CERs).
For more details visit: www.unfccc.int
Benefits - CDM
How can CDM benefit your project?
- As a result of the Kyoto Protocol, carbon has become a tradable commodity with an associated value. One tonne of CO2 (carbon dioxide) reduced through a CDM project, when certified by a designated operational entity, is known as a CER (certified emission reduction), which can be traded. Revenue from CERs can form part of your project's annual cash inflow, equity, or debt.
What types of projects can benefit from CDM finance?
All CDM projects must result in a net GHG reduction, as in the case of energy efficiency improvement, renewable energy generation, or carbon sequestration through afforestation and reforestation. Typical CDM projects fall into the following categories.
- Renewable energy
- Fuel Switching (in industry, transport, residential sector, etc.)
- Solid waste management
- Advanced coal-based power generation technologies
- Renovation and modernization
- Demand-side management
- Industrial energy efficiency improvement
Small-scale CDM projects are eligible for fast-track clearance procedures
Who are the buyers of CDM credits?
- The buyers of CDM credits are mainly governments of developed countries, multilateral agencies, and private entities
Validation Process
Validation and Registration of CDM projects:
- Project validation cycle involves the posting of the proposed CDM project on www.TUVdotCOM.com for inviting public comments;
- Analysis of the information provided on the proposed CDM project and its evaluation
- Registration as CDM project with United Nations Framework Convention on Climate Change
Verification and Certification:
- Review of monitoring results and data collection systems linked to emission reductions from the project
- Review of established practices and accuracy of data collected including the monitoring equipment
- Review of the management system supporting the reported ER from the project
We are following a well thorough out validation and verification / certification procedure, which is conforming to the UNFCCC guidelines. The procedures are backed up by our own vast technical and systems database thus provide you, the ultimate customer, an authentic support to your operations.
Procedures related to our activities as Designated Operational Entity (CDM) or Independent Entity (JI) can be made available upon request. This includes references to the organizational structure and persons responsible for CDM and JI activities. The process for handling of complaints is depicted in the Procedure for handling of complaints, disputes and appeals.
