UN CLIMATE CHANGE BODY PARTNERS WITH LATIN AMERICAN BANK TO BOOST CLEAN DEVELOPMENT EFFORTS

From: UNNews <UNNews@un.org>
Date: 23 Aug 2013 18:00:01 -0400
Subject: UN CLIMATE CHANGE BODY PARTNERS WITH LATIN AMERICAN BANK TO
BOOST CLEAN DEVELOPMENT EFFORTS
To: news11@ny-mail-p-lb-028.ptc.un.org

UN CLIMATE CHANGE BODY PARTNERS WITH LATIN AMERICAN BANK TO BOOST
CLEAN DEVELOPMENT EFFORTSNew York, Aug 23 2013 6:00PMThe United
Nations climate change secretariat has signed an agreement with the
Latin American Development Bank to increase participation in clean
development projects in the region, it was today announced.

The agreement, signed by the UN Framework Convention on Climate Change
(UNFCCC) Secretariat, will establish a Clean Development Mechanism
(CDM) regional collaboration centre (RCC) in Bogotá, Colombia.

"The CDM has demonstrated what can be achieved when we use markets to
incentivize action on climate change and development," UNFCCC
Executive Secretary, Christiana Figueres, said in a
<"http://unfccc.int/files/press/press_releases_advisories/application/pdf/pr20132208_cdm_rcc_bogota.pdf">statement.

"The RCC in Bogotá will help tap the potential for CDM projects in
Latin America and serve as a working example of the kind of
inter-agency cooperation necessary to tackle climate change," she
added.

The CDM RCCs are part of an effort to bring the benefits of the Kyoto
Protocol's emission-reduction projects in developing countries to earn
certified emission reductions – or CERs – which can then be traded,
sold and used by industrialized countries to meet environmental
targets. Each CER is equivalent to one ton of carbon dioxide.

This is the fourth regional collaboration centre established by the
UNFCCC and a regional development bank. The first centre was
established in 2012 in Lomé, Togo, in collaboration with the Banque
Ouest Africaine de Développement and provides assistance in the
development of CDM projects in Francophone Africa.

The two other centres are in Kampala, Uganda, which supports the
remaining countries in the Africa, and in Saint George's, Grenada, to
assist CDM projects in the Caribbean.

The office will be operational on 1 September and will provide support
to all countries in Latin America.Aug 23 2013 6:00PM
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