1000 Project has Registered in the Executive Board
Bogor, April 20, 2008
CDM Executive Board (EB - Executive Board) has been registering a CDM project in 1000 on 14 April 2008. The project is energy efficiency that comes from India into the project to be approved by the EB-1000 with an estimated reduction of 34,000 tons of CO2 emissions per year. As is known, India is still dominating the number of CDM projects out of the total CDM projects in the world, which is about 30%.
The number of CERs (Certified Emission Reduction) which has been issued by the EB so far reached about 135 million CERs. Predicted to more than 2.7 billion CERs will be generated from the CDM to the Kyoto Protocol's first commitment period (up to 2012). With 1000 projects from 49 countries and can be achieved during a period of 2.5 years, the CDM can be said growth was rapid. Nevertheless, the number of potential CDM is expected to remain much larger than can be realized.
Source: unfccc website