The Global Machanism

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Established in 2002 in partnership with the World Bank, the Facility supports projects in developing countries that generate potential credits under the Clean Development Mechanism (CDM).

OBJECTIVE

To increase the range of options for complying with the Dutch emissions reduction requirement established by the Kyoto Protocol, while at the same time promoting sustainable development; capacity-building; fostering of knowledge; and market creation.

RECIPIENTS

Participation to the fund is open to both the public and private sector.

GEOGRAPHIC COVERAGE

Non-Annex I countries.

FOCUS AREA

All CDM projects in the following sectors: renewable energy technology (such as geothermal; wind; solar; and small-scale hydro-power); clean biomass; energy efficiency improvement; fossil fuel switch and methane recovery; and sequestration.

HOW TO APPLY

The fund is administered by the World Bank, as such, project proponents must complete and submit a Project Idea Note in order to receive feedback and instructions on how to proceed. All the necessary forms can be downloaded from the website.

As the current Kyoto Protocol commitment period will close at the end of 2012, access to this fund is limited to very low-risk initiatives at an advanced stage of preparation.

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CONTACT

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Website wbcarbonfinance.org/Router.cfm?Page=NCDMF&ItemID=9711&FID=9711

Tags: AfricaAsia and PacificLatin America and the CaribbeanCarbon FinanceEnergy

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