dena GmbH - German Energy Agency
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Joint Implementation (JI) and the Clean Development Mechanism (CDM) were developed by the international community of states and written into the Kyoto Protocol to push the reduction of CO2 emissions throughout the world. These flexible mechanisms offer great potential not only to companies from Germany but also to developing and newly industrialized countries.
When the Kyoto Protocol came into force in 2005 it became possible to generate Certified Emission Reductions (CERs) in CDM projects. In 2008 it also became possible to create Emission Reduction Units (ERUs) under JI projects. CERs and ERUs can both be converted one-to-one into German emissions allowances, meaning that German companies investing in projects to reduce greenhouse gases abroad can use them to fulfil a percentage of their obligation to reduce emissions at home The countries hosting the JI and CDM projects profit from the transfer of technologies and receive additional capital for their investments.
The aim of dena’s CDM and JI activities is to support the CDM Initiative of the Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) and to help the German government fulfil its commitment to promote capacity building in transition states (resolution 16 of the 7th Conference of the Parties).
To this end dena uses its global network and its expertise in the field to help German companies implement JI and CDM projects. At the same time it promotes the development of JI and CDM projects in the host countries with capacity building.
dena has drawn up JI project portfolios for several Eastern European countries since 2004 with a focus on energy efficiency in industry, the refurbishment of power plants and the rehabilitation of heat supply systems.
As part of its capacity building dena has written JI handbooks for Russia and Ukraine which address potential project owners in these countries. The handbooks not only give a general explanation of how JI works, but also describe the legislation specific to the country and give information on institutions and companies relevant to JI. In 2007 two seminars on CDM and JI were held in Kazakhstan and Brazil to further capacity building.
dena is also organizing the annual Climate Technology Initiative (CTI) investors’ forum in Germany for the second time running on behalf of the Federal Environment Ministry. The CTI 2007 investors’ forum presented over 50 projects from Eastern Europe, the Caucasus and Central Asia to potential German investors. The 2008 event will focus on a programmatic approach under JI and CDM.
In June 2008 dena also opened a JI/CDM project exchange to promote the flexible mechanisms. Here, dena identifies potential JI and CDM projects in its core regions of Russia, Eastern and Southern Europe and Central Asia and provides potential German investors with more details.
