Intergovernmental agreements, including protocols and amendments, are not legally valid until ratified by a certain number of countries. For the UNFCCC creation, it took 50 countries; as for ratifying the Kyoto Protocol, at least 55 countries were required (together representing 55% of Annex 1 emissions in 1990). The Paris Agreement entered into force after at least 55 Parties to the Convention accounting in total for at least an estimated 55% of the total global greenhouse gas emissions have deposited their instruments of ratification.
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Small-scale CDM Project Activities
Small-scale CDM Project Activities
These are smaller scale project activities that are subject to a more agile project cycle and with lower transaction costs.
Clean Development Mechanism (CDM)
Clean Development Mechanism (CDM)
Established by Article 12 of the Kyoto Protocol, evolved from a Brazilian proposal, and stipulated throughout the COP 3 negotiations, the clean development mechanism (CDM) is the only of the three mechanisms introduced by the Protocol that include developing...