Under the Clean Development Mechanism, emission reduction projects in developing countries can receive certified emission reduction credits. These saleable credits can be used by developed countries to meet part of their emission reduction targets under the Kyoto Protocol. read more » Registered projects: 7846 Registered POAs: 337 CERs issued for project activities: 2,067,240,210 CERs issued for the Programme of Activities: 32,840,726 The CDM is the main source of income for the UNFCCC Adaptation Fund, which was established to finance adaptation projects and programmes in developing countries that are Parties to the Kyoto Protocol and are particularly vulnerable to adverse effects climate change. The Adaptation Fund is financed by a 2 per cent levy on CERs issued by the CDM. Read more » On the occasion of its 100th anniversary, the CDM Executive Board The Assembly decided (EB 100 Compendium of Meetings, paragraph 32) to revise the procedure for extending the credit period and to introduce a deadline for the submission of a request for an extension of the credit period (i.e. one year after the expiry of the credit period). Failure to comply with the time limit would not make it possible to request an extension. more >> The Secretariat of the United Nations Framework Convention on Climate Change, the Kyoto Protocol and the Paris Agreement (hereinafter referred to as “the UNFCCC”) has been informed of the activities on which the UNFCCC provides the following clarifications: This Communication does not affect the privileges and immunities of the United Nations and the Secretariat of the UNFCCC. The mechanism stimulates sustainable development and emission reductions, while giving developed countries flexibility in achieving their emission reduction targets. A central feature of the Kyoto Protocol (66 kB) is the requirement that countries limit or reduce their greenhouse gas emissions. By setting such targets, emission reductions have acquired economic value.

To help countries meet their emission targets and encourage the private sector and developing countries to contribute to emission reduction efforts, the Protocol`s negotiators included three market-based mechanisms – emissions trading, the Clean Development Mechanism (CDM) and Joint Implementation (JHA). Due to the COVID-19 pandemic, mandatory site visits have been temporarily relaxed by doEs. learn more >> Learn more about the CDM Achievements Report and download it. .