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Sustainable Development Goals and Clean Development Mechanism-1

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16 views2 pages

Sustainable Development Goals and Clean Development Mechanism-1

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testukuropepe
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© © All Rights Reserved
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Sustainable Development Goals and Clean Development

Mechanism
Sustainable Development Goals (SDGs)
• The international community created a new set of development goals focused on
improving the sustainability of nation-states.
• Sustainable Development Goals (SDGs), came out of the Rio +20 Conference in
June 2012.
• SDGs were build on the achievements of the Millennium Development Goals.
• The 17 SDGs are:
1. No Poverty
2. Zero Hunger
3. Good Health and Well-being
4. Quality Education
5. Gender Equality
6. Clean Water and Sanitation
7. Affordable and Clean Energy
8. Decent Work and Economic Growth
9. Industry, Innovation, and Infrastructure
10. Reduced Inequality
11. Sustainable Cities and Communities
12. Responsible Consumption and Production
13. Climate Action
14. Life Below Water
15. Life on Land
16. Peace and Justice Strong Institutions
17. Partnerships to Achieve the Goal

Clean Development Mechanism (CDM)


• The Kyoto Protocol established the Clean Development Mechanism (CDM) with
the goal of lowering carbon emissions.
• The CDM helps developed countries to reduce greenhouse gas emissions by investing
in low-cost pollution reduction initiatives in developing nations.
• 1 Certified Emission Reduction point (CERs) represents a reduction of one metric
ton of carbon dioxide emitted into the atmosphere.
• Developed countries can use CERs to meet their Kyoto Protocol GHG emission
reduction targets in a more cost-effective way.
• CDM helps developing countries achieve sustainable development and assist
developed countries in complying with their emission reduction commitments.
• Private companies can fund projects in developing countries that reduce greenhouse
gas emissions.
• These projects must also fulfil the "additionality" requirement and sustainable
development standards in order to be eligible for CDM funding.
• "Additionality" refers to the requirement that the emission reductions be "additional"
to what would have been feasible in the absence of CDM assistance.
• Developed countries buy CERs to meet part of their reduction commitments under the
Kyoto Protocol. (Carbon Trading)
• Because they "offset" the emissions of wealthy nations with reductions in developing
nations, CERs are also known as offset credits.
• Hence CDM allows developed countries to continue emitting greenhouse gases as
long as they pay for reductions to be made elsewhere.
• This is because it would be much more expensive to reduce emissions in developed
countries than in developing countries.
• It would also help developing countries to benefit from the introduction of cleaner and
more energy-efficient technologies in terms of sustainable development.
• Under Joint Development Mechanism developed countries work and implement
projects together.

Joint Implementation

• Under Joint Implementation, developed countries (Annexure I countries as per


Kyoto Protocol) set up new GHG emission reduction projects.
• Emission reduction projects are awarded credits in form of ERU
• ERU – Emission Reduction Unit - Emissions unit issued under a Joint
Implementation project in terms of the Kyoto Protocol.
• An ERU represents a reduction of greenhouse gases under the Joint Implementation
mechanism, where it represents one tonne of CO2 equivalent reduced
• It allows Annex I countries flexibility in meeting their emission reduction targets. By
investing in projects where reductions may be cheaper to achieve, they can lower the
overall cost of compliance.
• The host country benefits from the project through foreign investment, technology
transfer, and sustainable development

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