CDM
as instrument for industrial development and poverty alleviation in
Caucasus
Clean Development Mechanism (CDM) is a mechanism under the Kyoto
Protocol that will enable projects in emerging economies that lead to a
reduction of greenhouse gases, to get an extra revenue stream.
The Norwegian Ministry of Foreign Affairs sponsors a program that will
be implemented by two Norwegian organizations: Norsk Energi and ECON and the
Energy Efficiency Centre Georgia.
This is a four phase program and it will include the following elements:
-
Capacity Building: Conducting a capacity
building program on CDM; identification of long-list of potential projects and
prioritizing short-list;
-
PIN - Project Idea Note development:
Preperation of PINs for the projects on the short-list. Present the
PINs to potential investors and financial institutions;
-
PDD – Project Design
Document. Preparation of PDDs for the selected
projects;
-
CDM Project Implementation
First
Phase - The Capacity Building Programme on CDM
Project
duration October-December, 2006. Completed.
Second Phase
The last
workshop took place in Tbilisi, Thursday March 27th, 2008.
The
goal of this program is:
To bring the public and private industry sectors in Caucasus’
into a position to become active participants in the carbon
market and benefit from the mechanisms established under the Kyoto
Protocol
-
Contribute to global reduction of GHG
-
Improve local environment and
support sustainable development
-
Use energy more efficiently and increase
use of renewable sources
-
Promote long-term growth
-
Support poverty alleviation through
economic activity and employment generation.
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