, a web portal designed to facilitate exchange of information among buyers, sellers and service providers engaged in the Kyoto Protocol's clean development mechanism (CDM).
Under the CDM, projects that reduce greenhouse gas emissions in developing countries and contribute to sustainable development can earn certified emission reduction (CER) credits. Countries with a commitment under the Kyoto Protocol buy CERs to cover a portion of their emission reduction commitments under the Protocol.
"The CDM has seen exponential growth in number of projects, with strong interest in developing countries for projects and in developed countries for CERs. The CDM Bazaar will do just what its name suggests ? help buyers and sellers, and all those that serve the market, get down to business," said Yvo de Boer, Executive Secretary of the UNFCCC in Bonn.
The CDM Bazaar was designed by the carbon finance team at the UNEP RISOE Centre in Denmark in cooperation with the UNFCCC secretariat. The website allows stakeholders in the CDM to post information, such as potential emission reduction projects looking for financing, CERs available for sale, buyers looking for carbon credits to purchase, services available, carbon market related events, and employment opportunities.
Achim Steiner, UN Under-Secretary-General and UNEP Executive Director, said: "The CDM is playing an important role in meeting the climate change challenge. However, if the benefits are to be more widely shared, especially in areas such as sub-Saharan Africa, more efforts need to be put into building developing-country capacity. The CDM Bazaar is therefore a very welcome new networking initiative with the potential to complement and perhaps broaden the impacts of the physical carbon fairs and Expos now emerging in parts of the world."
By posting on the CDM Bazaar the CERs they have for sale, developing-country CDM project proponents can expect competitive offers from carbon credit buyers. The website is not, however, meant to be a trading platform for CERs, but rather an information exchange platform designed to create opportunities for CER buyers and sellers and CDM service providers.
About the UNFCCC
With 191 Parties, the United Nations Framework Convention on Climate Change (UNFCCC) has near universal membership. It is the parent treaty of the 1997 Kyoto Protocol, which has to date 175 member Parties. Under the Protocol, 36 States, consisting of highly industrialized countries and countries undergoing transition to a market economy, have legally binding greenhouse gas (GHG) emission limitation and reduction commitments, while developing countries have non-binding obligations to limit emissions. The ultimate objective of both treaties is to stabilize GHG concentrations in the atmosphere at a level that will prevent dangerous human interference with the climate system.
The United Nations Environment Programme (UNEP) has been the voice for the environment in the UN system since 1972. It is an advocate, educator, catalyst and facilitator, promoting the wise use of the planet's natural assets for sustainable development. It also plays a key role in a broad range of activities and awareness campaigns related to climate change, with many partners including national governments, youth organizations, business, industry and the media. UNEP's capacity-building activities related to CDM include regional awareness and information programmes in Africa and Asia.
Note to journalists
To arrange interviews with officials at UNFCCC, please contact Carrie Assheuer, Public Information and Media Assistant: (+49 228) 815 1005, e-mail: firstname.lastname@example.org
For further information please contact:
Daniele Violetti, Team Leader, Registration and Issuance, Clean Development Mechanism, UNFCCC, at +49 228 815 1610, e-mail: email@example.com
Nick Nuttall, Spokesperson UNEP, at +254 20 7623084, Mobile: +254 733 632755, e mail: firstname.lastname@example.org
Sami Kamel, Carbon Finance Coordinator, UNEP Risoe Centre on Energy, Climate and Sustainable Development, at +45 46 77 51 81, Mobile: +45 2261 5103, e-mail: email@example.com.