Development of Project Documents under the Kyoto Protocol’s Clean Development Mechanism
The Kyoto Protocol is a protocol to the United Nations Framework Convention on Climate Change aimed at fighting global warming. The Protocol was initially adopted on 11 December 1997 in Kyoto, Japan, and entered into force on 16 February 2005. Under the Protocol, 37 developed countries commit themselves to a reduction of greenhouse gases produced by them by 5.2% against emissions in base year (1990) for the period 2008-2012.
The Kyoto Protocol defines three so-called “flexible mechanisms” that are available to lower the overall costs of a country in achieving its emission reduction target. These mechanisms are: Emission Trading, Joint Implementation (JI) and Clean Development Mechanism (CDM).
CDM is a project-based mechanism which allows developed countries to implement project activities that reduce emissions in developing countries in return for certified emission reductions (CERs). The CERs generated can be used to help meet emission reduction targets under the Kyoto Protocol.
Zettalumen provides assistance to local and international companies in preparation of documentations necessary for development, registration and implementation of project activities under the CDM in Armenia. The scope of assistance includes the following activities:
· Development of Project Idea Notes in accordance with the requirements set by local authority (Designated National Authority for the CDM in Armenia - CDM DNA);
· Selection of applicable CDM methodologies and preparation of monitoring plans in line with the guidelines of the CDM Executive Board;
· Assessment of baseline and project emissions as well as evaluation of emission reduction to be achieved by the CDM project activities;
· Development of Project Design Documents and other relevant documents for the application for the host country approval;
· Organization of stakeholders consolation processes, including the organization of stakeholders consultation meetings;
· Support to the project owners and project participants in obtaining the host country approval (Letter of Approval issued by the CDM DNA);
· Support to project participants and contracted Designated Operational Authority during validation process.