The United Nations Framework Convention on Climate Change (UNFCCC) secretariat and the United Nations Environment Programme (UNEP) announced today the launch of the CDM Bazaar
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....MORE