The Climate Concept Foundation has successfully lobbied for stricter policies on Clean Development Mechanism projects aiming to reduce nitrous oxide (N2O) emissions from nitric acid production. Due to our work, the UNFCCC Methodlogy Panel recommended in its 57th Meeting (held in Bonn 13th to 17th August 2012) several amendments to the existing methodologies that may result in about 8 million carbon credits less per year being issued to project operators.
Before, project operators used a loophole in the applicable methodology for requesting more CO2 credits than they should actually be entitled to. As these credits can be used by operators in industrialized countries to emit more, our initiative actually is a major contribution towards saving greenhouse gas emissions world-wide.
We are convident that the CDM Executive Board responsible for making a decision on the issues raised by us will, in its next Meeting scheduled for September 2012, accept the recommendations arrived at by the Methodology Panel.
For questions, please contact us using our contact form on this website.