The aviation sector will soon have a new way to measure its emissions under CDM
The aviation sector will soon have a new way to measure, account for and reward reductions in the gases that contribute to climate change thanks to work agreed to this week by the Board that runs the Kyoto Protocol’s Clean Development Mechanism (CDM).
Aviation accounts for about 2 percent of total global CO2 emissions and about 12 percent of the CO2 emissions from all transportation sources.
Once developed, the new emissions baseline and monitoring methodology could be used by projects in the sector to quantify their emission reductions and earn saleable credits for those reductions.
The CDM rewards with saleable credits – certified emission reductions (CERs) – projects that reduce or avoid greenhouse gas emissions and contribute to sustainable development. The incentive has led to
registration of 7,870 projects and programmes in 107 developing countries, hundreds of billions of dollars in investment, and 1.5 billion fewer tonnes of gas entering the atmosphere.
In the same work plan agreed at its 82nd meeting, the CDM Board also launched work on new methodologies for projects in renewable energy, electrification and household energy supply.
The Board has urged countries to renew their commitment to the CDM and use it to encourage emission reductions and drive climate finance, technology transfer, capacity-building, sustainable development and adaptation – everything that countries are working towards in a new climate change agreement expected in Paris, France, later this year.
Another important agreement at this weeks’ meeting will see the further simplification of the CDM while maintaining environmental integrity.
Also at its meeting, the Board adopted a standardized baseline for methane emissions from rice cultivation in the Philippines, opening the possibility for projects in the agricultural sector, which is to date under-represented under the CDM.