The Kyoto Protocol reflects its signatory countries’ commitment to reducing emissions. Greenhouse gas-emitting companies are now subject to strict emissions quotas. If they exceed these quotas, companies can offset their emissions through a number of flexible mechanisms. One of these is the Clean Development Mechanism (CDM), a means of investing in emissions reduction projects in developing countries. The validation and verification of such projects falls to companies with the power to issue tradable certified emission reduction (CER) credits, each of which equates to one tonne less of CO2 emitted.
On the one hand, the CDM is a tool intended to stimulate sustainable development in the projects’ host countries by providing them with specialist knowledge of advanced, environmentally friendly technologies.
On the other, the Clean Development Mechanism helps developed countries to meet their commitment to reducing emissions as they can use their CER credits to offset their greenhouse gas emissions.
In addition, proceeds from the CDM go towards the UNFCCC Adaptation Fund, which was set up to finance climate change adaptation projects and programmes in the most vulnerable countries.
Registering a CDM project offers a range of benefits to the project developer, including:
The CDM’s credit generation process comprises the following steps:
The CER credits constitute an additional source of funding for the CDM projects themselves as the income generated through the sale of these credits enhances the projects’ profitability. The credits are available for purchase by developed countries who choose to invest in CDM projects in order to meet their emissions reduction targets.
Verification can be organised to suit the needs of the client and project in question, taking place over a longer or a shorter timescale. Although it is common practice, annual verification is not a requirement.
Applus+ Certification boasts a network of highly qualified auditors with in-depth experience of the following accredited fields:
We are also an Accredited Independent Entity (AIE) for Joint Implementation (JI) projects. These projects run on an annual cycle and generate credits known as ERUs. What sets JI projects apart is that they take place in developed countries that have committed to reducing emissions under the Kyoto Protocol. They and the CDM are the two key pillars underpinning the fight against climate change.
Applus+ Certification is a globally renowned, independent and impartial body accredited by the UNFCCC (United Nations Framework Convention on Climate Change). It is a member of the Applus+ Group, a leading testing, inspection and certification company with a presence in 70 countries and more than 20,000 employees.
Applus+ Certification’s team of highly qualified auditors has proven experience in each of the accredited fields. They are based around the world and can therefore provide our clients with a high-quality, efficient, cost-effective and global service.