The Regional Center for Renewable Energy and Energy Efficiency (RCREEE) with collaboration of CDM-JI Initiative for MENA region of the German Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) has carried out during July-October 2011 a study on CDM Potential and Perspectives for Carbon Finance in its Member States Beyond 2012 (covering Jordan, Lebanon, Syria, Yemen, Algeria, Morocco, Egypt, Tunisia and Libya).
This study was performed by a consortium of two firms, Perspectives CC and Alcor. Two reports have been issued on November 2011. The first is dealing about the potential of CDM Projects in RCREEE member states and the second is related to the new market mechanisms of mitigation to be used for the carbon finance beyond 2012.
The objectives of the study are to
- speeding up the registration of the mature projects with the high potential of GHG mitigation before the end up of Kyoto protocol period;
- enhancing RCREEE member states in:
- developing mitigation strategies,
- identifying a NAMA portfolio,
- supporting building capacity in the field of NAMAs,
- mobilizing specific financing for climate change,
- making the project developers familiar with the international negotiations and encouraging them to benefit from specific funds decided by Conferences of Copenhagen on 2009 and Cancun on 2010.
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