Clean Development Mechanism

• Project developers that are interested in having a CDM project activity validated and registered may use a methodology previously approved by the CDM Executive Board for measuring project baselines and emission reductions.
  
• Alternatively, project developers may propose a new methodology to the Executive Board for consideration and approval if appropriate.
  
• Examples of methodologies already established for various categories of small-scale projects can be found at http://cdm.unfccc.int/methodologies/SSCmethodologies/index.html
  

Summary of Approved Methodologies

• Certified Emission Reductions (CERs) that result from successful CDM projects have value to investors, (who can sell these units into the carbon market), or to industrialised countries (that will use these units toward their own Kyoto emission reduction targets).
  
• There is a market price for CERs that provides the incentive for private investment in CDM project activities in PICs, or for investments by industrialised countries in CDM projects in PICs.
  
• Because projects in PICs will not generate a large volume of CERs, investors in CDM projects in PICs may be equally interested in contributing to PICs’ sustainable development objectives.
  

• Point Carbon: www.pointcarbon.com
  
• Gold Standard: www.cdmgoldstandard.com
  
• Nord Pool: http://www.nordpool.com/