| Title | Clean Development Mechanism. Geothermal Project Experience with CDM |
|---|---|
| Authors | P Quinlivan, J Muir & J Randle |
| Year | 2006 |
| Conference | New Zealand Geothermal Workshop |
| Keywords | |
| Abstract | The Clean Development Mechanism (CDM), together with Emissions Trading and Joint Implementation are the three flexibility mechanisms of the Kyoto Protocol under the United Nations Framework Convention on Climate Change (UNFCCC). CDM offers a potential financial incentive to geothermal projects in developing countries though the realisation of income from trading in Certified Emission Reductions (CERs). Several geothermal projects have already been approved and registered as CDM projects by the Executive Board of the UNFCCC, and several others are currently in the approval pipeline. This paper discusses the incentive that CDM offers, describes recent experience gained through involvement in two geothermal CDM projects and looks to the future. |