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Q&A sessions at UNFCCC SB26 8 May 2007 Mr. Hans Jürgen Stehr Chair of the CDM Executive Board Rajesh Kumar Sethi Vice-Chair of the CDM Executive Board. Status of the CDM | Measuring success. > 1,600 projects > 1.9 billion CERs expected to the end of 2012. In pipeline:.
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Q&A sessions at UNFCCC SB26 8 May 2007 Mr. Hans Jürgen Stehr Chair of the CDM Executive Board Rajesh Kumar Sethi Vice-Chair of the CDM Executive Board
Status of the CDM |Measuring success > 1,600 projects> 1.9 billion CERs expected to the end of 2012 In pipeline: 655 registered CDM projects900 million CERs expected to the end of 2012 To date: (assumption: no extension of crediting periods) Map and statistics accessible from http://cdm.unfccc.int/ Status: 8 May 2007
Status of the CDM |Measuring success An explosion of activities Status: 8 May 2007
Region KP parties Parties with DNA Parties with project experience Parties with registered projects Annex 1 parties (AI) 37 24 n/a 14 NAI-Africa (NAI-AFR) 44 31 11 6 NAI-Asia and the Pacific (NAI-ASP) 49 33 24 19 NAI-Latin America and the Caribbean (NAI-LAC) 32 26 19 16 NAI-Other 7 8 3 3 Status of the CDM |Measuring success *number of parties with project experience can not be calculated due to lack of information Status: 8 May 2007
Status of the CDM |Measuring success Sub regional: Charts look the same! Status: 8 May 2007
Status of the CDM |Measuring success Methodology development
Status of the CDM |Measuring success • Processes / Procedures – defined / open to optimisation • Methodology standard: • Number increasing / consolidation / generic tools • Process being optimised and shortened • Register: • 655 registered projects • 14 rejected ( a bit more than 2.5%) • “Central bank”: • 44 million CERs for a bit more than 230 requests, • 3 rejected (less than 1.5%) • Accreditation body: Opportunity for single accreditation recognized in all Parties to KP.
Status of CDM |Measuring success • The only regulated mechanism that is up and running, that ensures “real, measurable emission reductions that are additional to what would have occurred without the project.” • Transparency: - All information is public - Public comments are sought • Close to the market stakeholders: • bottom up approach • Increasing interaction/constructive dialogue • Evolving with experience
Status of CDM |Measuring success • Stimulating investment flow (>19billion by 2012 (10USD) in value of the CO2 eq. reduction only) to non-Annex I countries • Giving Annex I countries flexibility in how they meet their KP commitments (presently pipeline of the magnitude of the annual emissions of Russia). • It is growing even in a context of perceived medium and long-term uncertainties
Status of CDM |Key challenges CDM works, now let’s focus on: • Continuously increasing its efficiency: • Further information access, e.g. CDM Bazaar • Further access to decisions, e.g. catalogue of decisions • Further interaction with “players” , e.g. fora (DOE, DNA), project participants • Realizing its potential (scaling up) • Programme of activities (POA) • Sectors: energy efficiency / transport • Methodologies: simplicity, applicability • Regional opportunities • Regulatory optimization : relatively slim / streamlining and optimization opportunities have and will be pursued • EB to report to CMP3 its ability to deal with its “success”
Thank You! Catalogue test address: http://test.cdmis.net/catalogue-test Information cdm.unfccc.int Cdm-info@unfccc.int United Nations Framework Convention on Climate Change