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How CDM works - Some definitions |
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“AAU” or “Assigned Amount Units” are the units
used to define emission allowances assigned under the Kyoto
Protocol. These allowances are for man-made emissions of
greenhouse gases which an industrialized country is permitted
to emit over a certain commitment period. One assigned amount
unit is the equivalent of a metric tonne of Carbon Dioxide
(“CO2e”).
“Additionality” is a criterium that is used
to establish whether a reduction is additional to what would
occur in the normal course of events.
“Baseline/baselining” means establishing what
emissions would occur in the normal course of events, that is
in the absence of the proposed project. This measure is used
to establish how many credits, if any, should be allocated to
the project.
“CDM” is the Clean Development Mechanism,
a flexibility mechanism as created by article 12 of the Kyoto
Protocol to the United Nations Framework Convention on Climate
Change, which signifies a project undertaken in a developing
country with a view to reducing greenhouse gas emissions.
Credits are awarded for these reductions – Certified Emissions
Reductions;
“CER” means Certified Emissions Reduction
as defined by article 12 of the Kyoto Protocol. One CER is
awarded for a reduction in greenhouse gas emissions equivalent
in impact to one tonne of carbon dioxide. While the exact
legal nature of a CER remains uncertain it is probably akin to
a negotiable instrument
“Conference of parties (COP)”
is the supreme body of the United Nations Framework Convention
on Climate Change
“Environmental additionality” is
demonstrated if a project results in reductions in the
emissions of greenhouse gases, compared to a “business as
ususal” case
“Executive Board” means the CDM Executive
Board, a supervisory body of the CDM accountable to the COP
that approves CDM projects, certifies operational entities and
issues carbon credits.
“Financial additionality” is
demonstrated if a project calls upon additional funds rather
than diverting funds already destined for the host country in
the form of official development assistance
"Designated
Operational Entity" or DOE is an independent legal entity
desinated to validate CDM activities and emissions reductions,
accredited by the Executive Board and accountable to it.
“Project” means a CDM proposal.
“Registration”
means the process by which the Executive Board is formally
informed of a project
"Stakeholder" is any member of
the public that is effected or likely to be affected by a
proposed CDM project
For detailed information on how
CDM works, use the menu on the bottom left of the page and
click on "How CDM works".
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