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UNEP Compiles CDM Year End Snapshot

Global Year-End Snapshot of the Clean Development Mechanism 2008 11 December 2008: The Year End Snapshot of the Kyoto Protocol's Clean Development Mechanism (CDM), compiled by the UN Environment Programme's (UNEP) Risø Centre, reveals that worldwide over 4,200 CDM projects have been developed or are in operation.

So far, these projects are primarily renewable energy projects,

from hydroelectric and wind to solar and geothermal. The report finds

that the numbers of projects in Latin America, the Caribbean and Asia

are growing, with Brazil, China, India and Mexico accounting for about

75% of the projects.

Achim Steiner, UNEP Executive Director, said

the number of projects is expected to exceed 8,000 by 2012, and to

account for over US$30 billion in financial flows. He called for more

projects in the building and forestry sectors, and emphasized that the

CDM is not only a creative instrument for combating climate change but

also “an important stimulus package to developing country economies.” [UNEP Press Release] [Year End Snapshot of the CDM]