The Clean Development Mechanism a Field Guide for Transport Projects
The Clean Development Mechanism A Field Guide for Transport Projects Through the Clean Development Mechanism, developing countries can sell certified emission reductions (CERs) or carbon credits to developed countries. A standard-sized project (reducing about 200,000 tCO2 per year) that does not need a new methodology will take about 1.5–2 years for registration and will require a budget of about $200,000. A new methodology can take more than 3 years and will need a budget of over $300,000. While the CER income will not cover investment costs, it can be quite attractive and can make a project South Asia more sustainable, financially attractive, and less prone to stalling. Operational Knowledge Working Paper Series About the Asian Development Bank ADB’s vision is an Asia and Pacific region free of poverty. Its mission is to help its developing member countries reduce poverty and improve the quality of life of their people. Despite the region’s many successes, it remains home to two-thirds of the world’s poor: 1.7 billion people who live on less than $2 a day, with 828 million struggling on less than $1.25 a day. ADB is committed to reducing poverty through inclusive economic growth, environmentally sustainable growth, and regional integration. Based in Manila, ADB is owned by 67 members, including 48 from the region. Its main instruments for helping its developing member countries are policy dialogue, loans, equity investments, guarantees, grants, and technical assistance. The Clean Development Mechanism A Field Guide for Transport Projects No. 1 | January 2013 Asian Development Bank 6 ADB Avenue, Mandaluyong City 1550 Metro Manila, Philippines www.adb.org/poverty Printed on recycled paper Printed in the Philippines ADB South Asia Operational Knowledge Working Paper Series The Clean Development Mechanism A Field Guide for Transport Projects No.
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