Clean Development Mechanism News
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Kyoto Protocol clean development mechanism passes 1000th registered project milestone
The Kyoto Protocol’s clean development mechanism (CDM) has registered its 1000th project, an energy efficiency project in Andhra Pradesh, India, expected to reduce carbon dioxide emissions by more than 34,000 tonnes annually. “The CDM has passed another milestone, time to reflect on our success and redouble our efforts to improve and expand the mechanism,” said Rajesh Kumar Sethi, Chair of the ...
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Uganda to become Clean Development Mechanism Hub
Uganda is set to become a Clean Development Mechanism (CDM) Hub over the next three years, with financial assistance from Belgium. The Belgian Development Agency is investing US$2.6 million in the scheme, which will be overseen by the designated national authority — the Climate Change Unit (CCU) at the Ugandan Ministry of Water and Environment. Private companies can register to ...
By SciDev.Net
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`Urgent action` needed on Clean Development Mechanism
A high-level panel has called for "urgent action" to safeguard the UN's Clean Development Mechanism (CDM) by providing extra support to under-represented developing countries and focusing on sustainable development priorities. CDM allows developing economies to earn credits for projects that reduce greenhouse gas emissions, such as renewable energy production. These credits, known as Certified ...
By SciDev.Net
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EcoSecurities wins award for Best CDM and JI Project Developer 2006
UK , March 13, 2006: EcoSecurities Group plc, one of the world’s leading originators of carbon credit projects, was named Best Clean Development Mechanism (CDM) and Joint Implementation (JI) Project Developer 2006 by Point Carbon at the Carbon Market Insights 2006 Conference held February 28-March 2, in Copenhagen. EcoSecurities listed on the Alternative Investment Market of the London Stock ...
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EC to connect EU with UN carbon credit registry before December
The European Commission, Member States and the United Nations Framework Convention on Climate Change (UNFCCC) Secretariat have successfully completed all the testing required for connecting to the UN's international carbon credit registry. The EU's Community Independent Transaction Log (CITL) and Member State registries will be connected to the UN's International Transaction Log (ITL) before ...
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SGS Verifies the 1 Billionth CER issued by the UNFCCC
The UNFCCC announced on Friday 7th September that it will issue the 1 Billionth Certified Emission Reduction under the Kyoto Protocol’s Clean Development Mechanism (CDM). The CER will be issued to a project at a manufacturing plant in India that has switched its fuel source from coal and oil to locally gathered biomass. As the Designated Operational Entity (DOE) responsible for the ...
By SGS
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New CDM issuance rules penalise developers and discriminate against smaller companies
The UNFCCC’s Clean Development Mechanism (CDM) has enjoyed great success in deploying more than $300 billion of investment into clean technology in developing countries around the world. But recent decisions by the UNFCCC risk alienating many of the companies whose activities support this mechanism and discriminate against smaller enterprises. Returns on CDM investments have fallen far ...
By ALLCOT
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UN climate change conference opens in Bali with call for breakthrough
The United Nations Climate Change Conference opened in Bali, Indonesia today with a call for a clear agenda that will lead countries toward a new deal to address the problem by 2009 so that it can enter into force in 2013 when the current regime expires. At the same time, conference leaders cautioned that while Bali should launch the negotiations, it would not deliver a fully negotiated deal. ...
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Kyoto protocol’s clean development mechanism passes 100 millionth certified emission reduction milestone
The 100 millionth certified emission reduction (CER) credit under the Kyoto Protocol’s Clean Development Mechanism has been issued, marking an important environmental, development and carbon market milestone on the road to a low-carbon future. “The CDM has been up and running just two years, but in that short time it has shown its ability to reduce greenhouse gas emissions and stimulate green ...
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EcoSecurities signs 8 N2O Reduction CDM Projects in China
UK, July 12, 2006: EcoSecurities, one of the world’s leading companies in originating, developing and trading carbon credits, has successfully entered into Emission Reduction Purchase Agreements (ERPA) with eight nitric acid plants in China that intend to develop N2O reduction projects under the Clean Development Mechanism (CDM). These N2O projects are expected to generate up to 9 million ...
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Leading business groups call for transparency and quality in the voluntary carbon market
2007 saw a dramatic increase in the voluntary carbon market which is used by individuals and companies that want to contribute to addressing climate change in areas that are not covered by the emerging international and national regulatory systems. Meeting at the 2008 World Economic Forum in Davos, Switzerland, leading business organizations provided their support for the new Voluntary Carbon ...
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Biothermica Sells 325 000 Carbon Credits to the Government of Luxemburg
First Trade of Carbon Credits: Biothermica Energy Inc Sells 325,000 Carbon Credits to Luxemburg, Credits Generated by a Landfill Project in Latin America. Montreal: Evolution Markets Inc. announces today it has brokered a trade of carbon reduction credits under the Kyoto Protocol’s Clean Development Mechanism (CDM) between the Government of Luxembourg and Biothermica Energy Inc. The sale ...
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3C: Sale of 40 million emission allowances per year could influence the market
Bad Vilbel/Frankfurt – The projected sale of 40 million emission allowances per year can noticeably influence the emission certificate market. “If you want to place 40 million emission allowances per year on the certificate market, you need to figure out how to implement this as professionally as possible,” urges Markus Huewener, Managing Director at 3C Holding AG in Germany. In the coalition ...
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First Kyoto Protocol Emission Credits Generated by Honduras
BONN, Germany, October 20, 2005 (ENS) - Two hydroelectric power projects in Honduras today became the first facilities to generate certified emission reductions under the Kyoto Protocol. The hydroelectric projects, which do not emit greenhouse gases, are creating credits for Italy and Finland to use in meeting their emissions reduction commitments under the protocol. In Bonn, the Executive ...
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Ethiopia’s landfill of opportunities
Ethiopia’s capital, Addis Ababa, is growing so fast that the Repi landfill site, which 40 years ago was in the outskirts of the city, is now at its centre. The 40 hectares of solid waste it contains are not only contaminating the ground, but methane emissions are also escaping into the air. Hundreds of poor people have been making a living from the site for decades, collecting recyclable ...
By SciDev.Net
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IETA Seeks Clear Rules for Market Mechanisms at COP24
IETA today publishes its priorities for the UNFCCC COP24 session which takes place in Katowice, Poland from December 2-14. This year’s meeting concludes a two-year process under which more than 200 countries have been developing high-level guidance for the implementation of the Paris Agreement. COP24 is expected to complete work on the so-called “Paris Rulebook”, a set of rules ...
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Hofstetter provides Jeddah`s landfill gas collection and flaring project under the Clean Development Mechanism
The Jeddah Old Landfill Gas Capture Project is a Clean Development Mechanism (CDM) Project generating Certified Emissions Reductions (commonly referred to as carbon credits CER's) which will be traded in Industrialised Countries during the 10 year crediting period. The investor Jeddah Development & Urban Regeneration Co. JDURC sees the advantages of the CDM Project in stopping Greenhouse ...
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Masdar signs carbon emission reduction project with
Masdar, Abu Dhabi’s multi-billion dollar renewable energy and clean technology initiative, and Gulf Petrochemical Industries Company (GPIC) today signed an agreement to monetize the emission reduction associated with carbon dioxide capture and recycling at GPIC’s fertilizer facility in Bahrain, under the Kyoto Protocol’s Clean Development Mechanism (CDM). The project, which will capture carbon ...
By MASDAR
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Masdar signs carbon emission reduction project with Bahrain’s gulf petrochemical industries
Masdar, Abu Dhabi’s multi-billion dollar renewable energy and clean technology initiative, and Gulf Petrochemical Industries Company (GPIC) today signed an agreement to monetize the emission reduction associated with carbon dioxide capture and recycling at GPIC’s fertilizer facility in Bahrain, under the Kyoto Protocol’s Clean Development Mechanism (CDM). The project, which will capture carbon ...
By MASDAR
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Africa Analysis: Seize the moment on climate tech
Africa must make sure its grassroots innovations can benefit from a new global green technology support mechanism, argues Linda Nordling. When exhausted environment ministers pushed through an agreement after extended negotiations at the Durban climate summit last month (December), it kicked off another process that deserves Africa's full attention. This month, the UN will issue a call for ...
By SciDev.Net
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