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The CDM, through specific
projects, aims to obtain Certified Emissions Reductions (CERs) and,
eventually, carbon sequestration units for the compliance of the quantified
commitments by
countries in Annex I. Article 12 of the KP, defines the CDM
as a mechanism that has the purpose
of assisting countries not included in
Annex I to achieve its sustainable development, and
contribute with the
ultimate objective of the Convention, assisting the Parties included in
Annex
I to fulfill their quantified commitments for limitation and reduction
of GHG emissions, as defined
in article 3 of the KP
Within the CDM framework,
countries not included in Annex I (“Non-Annex I Countries”) can
benefit from
projects that result in “certified emissions reductions” (CER), whereas
Annex I
countries can use the CER of these projects to contribute in the
commitment of “part their
quantified commitments for limitation and
reduction of emissions”. The CDM is subject to the
authority and guidance
of the COP and to the supervision of an Executive Board. The reduction
of
emissions achieved in every project is validated and/or certified by
operational entities
designated by the Conference of the Parties (COP) of
the Convention, on the basis of:
a) The voluntary
participation of every Party involved.
b) Real, measurable and
long-term benefits in the mitigation of climate change
c) Reductions of emissions,
which are additional to the ones that would have happened in the absence of
the certified project (concept also known as additionality).
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