CDM Project

What is Kyoto Protocol

The Kyoto Protocol (KP) is a legally binding agreement that arose out of the UNFCCC to tackle climate change through a reduction of green house gas emissions. Countries (those listed in Annex I) are legally bound to reduce man-made green house gases emissions by approximately 5.2%. Individual countries have their own reduction targets outlined in Annex B of the Kyoto Protocol. The text of the protocol was adopted at the third conference of the parties to the UNFCCC in Kyoto, Japan, on 11 December 1997.

However the protocol suffered many years of delay. The United States and Australia two major green house gas emitters did not ratify the treaty.

The Protocol entered into force on February 15 2005 when Russia ratified the treaty.

Text of the Protocol can be found at UNFCCC's web site.

What is CDM

CDM allows Annex I (industrialized) countries to meet their emission reduction targets by paying for green house gas emission reduction in non-Annex I (developing) countries.

What is CER

CERs or Certified Emissions Reductions are a "certificate" just like a stock. A CER is given by the CDM Executive Board to projects in developing countries to certify they have reduced green house gas emissions by one tonne of carbon dioxide per year. For example, if a project generates energy using wind power instead of burning coal, it can save 50 tonnes of carbon dioxide per year. There it can claim 50 CERs (as one CER is equivalent to one tonne of carbon dioxide reduced).

Developed countries buy CERs from developing countries under the cdm process to help them achieve their KP targets.

What do we do

With an experienced CDM professional team, WIT provides one stop solution from identification to purchasing CERs of CDM project.

• Identification, development and management of CDM projects, including PDD development, registration with UN and certification/verification of CERs.
• Financial services to support above activities.
• Purchasing the generated CERs from CDM projects.