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Environmental

Asia Pacific Asia CDM/CERs/VERs

The Clean Development Mechanism (CDM) is part of the Kyoto Protocol that creates credits Certified Emission Reductions (CERs) from emission abatement projects in countries outside the Kyoto process. The CDM provides finance for projects that will contribute to sustainable development in the country where the project is located by producing CERs that can be used for compliance in the EU ETS and other national schemes, such as in Canada, Japan and most likely Australia and New Zealand.

To qualify under the CDM a project must comply with the UNFCC and must be “additional” in reducing emissions.

CDM project can be small cooperatives to large industrial corporations ranging from, from agriculture to heavy industry.

Typical project types:

  • renewable energy
  • methane capture from landfill
  • agriculture
  • fuel-switch in boilers for heat; electricity generation; energy efficiency
  • reduction of industrial gas emissions such as HFCs and N2O

Where an individual resides in a country that is outside of the Kyoto protocol it too can reduce its carbon emissions through the Voluntary offset market and Verified Emission Reductions (VERs). The voluntary offset markets operate outside of the regulated compliance market.

Contact

Richard Wilson
+44 (0)20 7200 7555
rwilson@tullettprebon.com