CDM Registry - CERs forwarded to project participants for the first time

The UNFCCC CDM Registry Administrator has the pleasure of announcing another first in the implementation of the Kyoto Protocol's Clean Development Mechanism (CDM). Following the recent issuance of certified emission reducitons (CER) and the opening of holding accounts for project participants, the Administrator has, for the first time, forwarded CERs to the holding account of a project participant. This action represents a significant milestone in the implementation of the CDM and provides project participants with the end product of their efforts to reduce emissions of greenhouse gases in developing countries with a view to meeting their committments under the Kyoto Protocol. The 139 CDM project activities currently registered are expected to produce in excess of 270 million CERs before the end the Kyoto Protocol's first commitment period in 2012. The official CDM "CER" pipeline of more than 630 activities, including the 139 registered activities, is expected to deliver more than 800 million tonnes by the end of 2012.