Clean Development Mechanism
Under the Article 12 of Kyoto protocol, a program called Clean Development Mechanism was begun which aims at reduction of the greenhouse gases and prevent the depletion of ozone layer. Under it developed as well as developing countries come together to implement emission reduction projects and policies which will help them obtain a Certificate Emission Reduction(CER) credits which can be traded as equivalent to one tonne of CO2.
Objectives of Clean Development Mechanism
- Help slow and prevent climate change
- Guide Developing nations to develop sustainable methods
- Assist the developed nations to reduce their emissions and move towards cleaner forms of energy.
- Help countries to find and innovate new methods to reduce emission.
Types of CDM projects
- Reducing the dependency on fossil fuels
- Using animal waste to generate energy and manage it efficiently
- Fuel and electricity efficient households and offices
- Reducing the emission involved in manufacturing process.
Steps for implementing a CDM project:
This is the first step and here a research is done to identify the idea which has the potential to reduce the emission of greenhouse gases.
After the identification of the idea, it is presented before the Ministry of Environment, Forest and Climate Change to be endorsed by the Government of India.
A study is carried out to measure a baseline according to which the emission change will be measured as per the Kyoto Protocol and Marrakesh Accord.
The result of the baseline identification survey is verified by an independent body identified by the CDM Executive Body.
A formal acceptance by the executive body make the identified project a CDM project giving it al; the legal benefits and financial support as per the provisions of Kyoto Protocol.
After registration, the changes in the Greenhouse gases emission is monitored from time to time and necessary amendments in the project implementation are made.
All the data and result is verified by a team of professionals and then further sent for certification
It is the final step where the monitoring body certifies after proper verification that the project has successfully reduced emission as per the plan.