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The UN’s CDM passes 6,000 project landmark
February 5, 2013
The UN’s CDM passes 6,000 project landmark
The United Nations Framework Convention on Climate Change’s clean development mechanism (CDM) tool has passed a 6,000 project milestone, with a new wind power project in Vietnam.
The CDM is an international market-based tool defined in the Kyoto Protocol that incentivizes emission reduction projects in developing countries to generate Certified Emission Reduction units, of which may be traded in emissions trading schemes. Currently, 83 nations are registered in the mechanism.
Over the last ten years, CDM projects, which range from industrial to domestic solutions, have generated 110,000 megawatts of clean energy capacity. This is roughly the equivalent to the total power generation capacity of the whole of Africa. The 6,000 project is installing 21 megawatts of wind power into an electric power grid in Vietnam, which will reduce emissions by 32,000 tons a year.
Read more at Clean Revolution.
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