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Activities on regional distribution of Clean Development Mechanism (CDM) Projects With reference to LDCs
Status of regional distribution CDM Projects
Regional distribution Background • Some countries are under-represented in the Clean Development Mechanism (CDM) • Nairobi Framework launched in 2008, at COP 12, launched by the SG, to improve their participation
The Nairobi Framework Announced at COP/MOP2 by the UN SG Partners: UNFCCC, UNDP, UNEP, AfDB, WB, UNECA, UNCTAD and UNITAR Focus of the Framework: Build capacity in developing CDM project activities Build and enhance capacity of CDM DNAs to become fully operational Promote investment opportunities for projects Improve information sharing / outreach / education and training Inter-agency coordination Web page http://cdm.unfccc.int/Nairobi_Framework/index.html First Africa Carbon Forum, Dakar September 2008 Second Africa Carbon Forum, Nairobi, March 2010 Third Africa Carbon Forum, Marrakech, 2011
Regional distribution More Background • Conference of Parties serving as a Meeting of Parties to the Kyoto Protocol (CMP) regularly requests the Executive Board of the project mechanisms to take action, including: • Loan scheme • Training • CDM Bazaar • Top-down development of methodologies • Issue important at CMP 7 in December 2011 – but not yet solved
CDM Designated National Authorities (DNA) Secretariat requested to enhance support to Designated National Authorities and Designated National Forum by: (a) Providing training opportunities for CDM stakeholders on a continuous basis on the different elements of CDM project cycle (b) Facilitating information exchange and awareness-raising at the regional and sub regional levels (c) Developing and making publicly available studies on the potential of the CDM in the countries [with fewer than 10 registered projects], working in close cooperation with local authorities (d) Organizing sub regional meetings of the DNA Forum CMP decisions on regional distribution
CMP decisions on regional distribution LOAN MECHANISM CREATION CMP 5 (Dec 2009) requested the Executive Board (EB) to provide loans to support countries with fewer than10 registered CDM project activities The loans to cover costs of the development of project design documents validation and the first verification for these project activities. Previously registration and issuance fees were wavedfor countries with fewer than 10 projects Modalities and procedures for operationalizing loan scheme outlining allocation, disbursement, accounting, and repayment considered at EB 56 Meeting (Sept 2010) CMP 6 in Cancun (Dec 2010) endorsed modalities and guidelines for this scheme