The interest for CDM in Mozambique is considerable. However, the process of approval for such projects is considered rather complicated. As a consequence, entreprises have expressed the need for more knowledge in this field. The Norwegian Embassy will therefore continue it's work in order to facilitate the exchange of experiences between companies at different stages of preparing proposals for CDM-projects.
For more information and contact details regarding the Norwegian Carbon Scheme please see: www.carbonneutralnorway.no
For more information on the Kyoto protocol and CDM please see below:
The Kyoto Protocol Mechanisms
Over a decade ago, most countries joined the United Nations Framework Convention on Climate Change (UNFCCC) - to begin to consider what can be done to reduce global warming and to cope with inevitable increases in temperature. Recently, a number of nations have approved an addition to the treaty: the Kyoto Protocol - which involve more powerful (and legally binding) measures.
The Kyoto Protocol defines three innovative “flexible mechanisms” to lower the overall costs of achieving its emissions targets. These mechanisms enable Parties to access cost-effective opportunities to reduce emissions, or to remove carbon from the atmosphere, in other countries. While the cost of limiting emissions varies considerably from region to region, the effect for the atmosphere of limiting emissions is the same, irrespective of where the action is taken.
The three Kyoto mechanisms are:
• The Clean Development Mechanism (CDM) defined in Article 12 provides for Annex I Parties to implement projects that reduce emissions in non-Annex I Parties, or absorb carbon through afforestation or reforestation activities, in return for certified emission reductions, and assist the host Parties in achieving sustainable development and contributing to the ultimate objective of the Convention. The CDM is supervised by the CDM Executive Board.
• The basic principles of the mechanism commonly referred to as “Joint Implementation (JI)” are defined in Article 6 of the Kyoto Protocol. Under JI, an Annex I Party may implement an emission-reducing project or a project that enhances removals by sinks in the territory of another Annex I Party and count the resulting emission reduction units (ERUs) towards meeting its own Kyoto target.
• Emissions trading, as set out in Article 17, provides for Annex I Parties to acquire units from other Annex I Parties. These units may be in the form of AAUs, removal units (RMUs), ERUs, CERs, tCERs and lCERs.