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Community Lifelines Programme
Community Lifelines Programme Energy
Clean Development Mechanism
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Funding for Renewable Energy and Energy Efficiency Projects under the Kyoto Protocol's Clean Development Mechanism
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Introduction
Through the United Nations Framework Convention on Climate Change (UNFCCC), 189 countries have agreed to work together to protect the climate system, by stabilizing levels of greenhouse gases (GHGs) in the atmosphere. In 1997, the international community advanced this goal through adoption of the Kyoto Protocol, which aimed to reduce overall industrialised country emissions of six GHGs by an average of 5% relative to 1990 emission levels. Under the Protocol, 37 industrialised countries (‘Annex I Parties’) have committed to individual GHG reduction or limitation targets relative to their national emissions of GHGs in 1990. These targets are to be achieved by 2008-2012, the Protocol’s ‘first commitment period’.
The Kyoto Protocol allows industrialized countries with targets to meet part of their commitments through three so-called ‘flexible mechanisms’: (1) emissions trading with other industrialised Parties with targets; (2), ‘joint implementation’ of emission reduction projects with other industrialised Parties with targets; and (3) clean development mechanism (CDM) projects, which are emission reduction projects undertaken in developing countries that have ratified the Kyoto Protocol. 13 Pacific Island Countries have ratified the Kyoto Protocol and are eligible to participate in CDM projects if certain criteria are met.
Relevant Links
United Nation Framework on Climate Change Convention
Kyoto Protocol
For more information please contact:
Koin Etuati
Project Officer - Energy
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