CDM, carbon markets and beyond
The Clean Development Mechanism
Under the Kyoto Protocol, most developed countries have agreed to limit or reduce their emissions of greenhouse gases. To help reach these goals, there are a number of market-based mechanisms based on carbon trading. MDG Carbon supports Clean Development Mechanism (CDM) and Joint Implementation (JI) projects which permit project-based carbon trading between countries and organisations.
more on the CDM >
Carbon finance beyond the CDM
Carbon finance and the CDM are characterised by a rapidly changing and fast-evolving regulatory and market context. A typical evolution is from project-based to sector-based activities, and then to national and regional emission trading schemes. Each developing country can benefit from carbon finance in line with its national circumstances and objectives.
The second and third arms of MDG Carbon’s activities, scaled-up and sector-wide activities, and unaddressed sources and sinks, address these emerging areas.
The Ministry of Climate Change and Natural Disasters and UNDP MDG Carbon have issued the Nationally Appropriate Mitigation Action (NAMA) on Rural Electrification in Vanuatu.
The overall target of the NAMA is to support Vanuatu in achieving the goal defined in the National Energy Road Map (NERM), namely to provide access to electricity to all households in Vanuatu. The NAMA will reduce GHG emissions through the replacement of fossil fuels with renewable energies. The NAMA will also contribute to Sustainable Development (SD) benefits, such as improvement of the situation of groups with specific vulnerabilities, women and the poor.