Stephanie Pratsch (South Africa), Chair of the Clean Development Mechanism (CDM) Comittee exclusively reports to oikos media productions® about the outcomes of the first Committee sessionDuring the first committee session on Thursday morning, the CDM committee reached the following decisions which they will present to the plenary in the afternoon:
- The CDM should be continued after 2012, but must be further developed (vote by consensus)
- Nuclear Power should be included in the CDM, but may not exceed a quota of 25% of all CDM credits given (vote with 3/4 majority)
- The technology of Carbon Capture and Storage (CCS) should be included in the CDM, but may not exceed a quota of 15% of all CDM credits given until 2040 (vote with 3/4 majority)
"But the most important decision for us in the Algiers coalition is that the CDM will be continued - so long as the plenary accepts our proposals." South Africa partners with Uganda and Sudan during the negotiations in Barcelona, and together the coalition speaks for all of Africa. "Only 2% of the CDM projects are realised in Africa so far," said Pratsch, criticising the complicated and bureaucratic application process that hinders most Least Developed Countries in their attempts to apply for CDM projects. The administrative process of the CDM should be changed, according to Pratsch's view.
What about the coalition's opinion towards the involovement of emerging countries like China and India? "It is important that the emerging countries also reduce their CO2 emmissions significantly. We should increase the overall scope of the CDM - both in terms of the project types and overall volume, so we can realise CDM projects both in developing and in emerging countries."
How the plenary decides, what the other committees discussed - read it here at http://barcelonaprotocol.blogspot.com/.
Your oikos media productions® team
Posts
