Update on the CDM

1
Update on the CDM

• May 2004
• UNFCCC/Cooperative MechanismsCDM team

2
Status of the CDM after COP 9

• Prompt start of the CDM is a reality
• COP 9 welcomed progress in 2003 as all elements
  for operating the CDM are up and running (see
  UNFCCC CDM web site)
• Approval of proposed methodologies
• Accreditation of operational entities
• Interaction with stakeholders !

3
Status of the CDM after COP 9

• Encouragement to intensify work on methodologies,
  guidance to promote broader applicability of
  methodologies
• Need for Parties to advance on capacity-building,
  role for NGOs and IGOs (for promoting DNAs and
  DOEs)
• Inclusion of CDM afforestation and reforestation
  projects in the first commitment period lots of
  additional work (need for expertise, resources)
• Simplified modalities and procedures for
  small-scale AR projects to be ready at COP 10

4
Update on the approval of methodologies

• 11 approved methodologies 5 available on UNFCCC
  CDM web site, 2 more to come soon, 4 are
  undergoing formatting
• 3 recommended to next EB meeting in June
• 20 proposals are under consideration
• Consolidation efforts under way LFG, renewable
  energy for power to the grid
• Major other types HFC 23 decomposition, fuel
  switching, biomass use, energy efficiency
• Small-scale methodologies available for 14 areas
  

5
Update on project registration

• First submissions expected in early June by one
  of the two accredited and provisionally
  designated operational entities
• 8 week objection period for regular projects
• 4 weeks for small-scale projects

6
Update on accreditation

• First two entities accredited in March 2004
• 24 applications at various stages in the
  accreditation process, some very advanced
• Facilitation measures for entities from
  developing countries to apply
• First applications from developing countries
  (from companies in Republic of Korea, Malaysia,
  Colombia)

7
Update at any time

• UNFCCC CDM web site

• UNFCCC CDM website (http//unfccc.int/cdm)
• UNFCCC CDM News Facility (If you register as a
  UNFCCC CDM web site user -gt automatically
  subscribed)