Clean Development Mechanism (CDM)

Viridis Solutions and our strategic partners offer expedited advice on both the potential returns of a greenhouse gas abatement project and its technical suitability under the Clean Development Mechanism (CDM).

The CDM is set out in the Kyoto Protocol, an international agreement which encourages new emission-reduction projects in industrialising countries.

In order to earn carbon credits (or CERs), these projects must go through a registration process which includes validation and verification with the United Nations Framework Convention on Climate Change (UNFCCC) Executive Board.

Once registered, verified emission reductions from projects are issued with saleable certified emission reduction certificates (CERs). One CER is equivalent to one tonne of CO2, which can be counted towards meeting Kyoto targets, and can be traded on a daily basis in Europe and New Zealand under Emission Trading Schemes (ETS).

A CDM project might involve, for example, distributing a biogas stove and anaerobic digester to rural households which capture methane from swine waste and funnel the biogas into homes, providing clean renewable energy. CERs are issued for the methane destruction as well as the displaced fossil fuel that was previously used by the household to provide heat and energy. The project is sustainable, good for the environment and provides extra income for the households.

The mechanism stimulates sustainable development and emission reductions while giving industrialised countries flexibility in how they meet their emission reduction or limitation targets.

CDM projects must qualify under a rigorous and public registration process, including approval from Designated National Authorities.

Viridis Solutions’ experienced team and our partners can help navigate these detailed processes and deliver both greenhouse savings and financial returns for business.