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Su Pan 2 hydropower project is the first CDM project developed by RCEE-NIRAS to get CERs issuance last month, according to the recent announcement by UNFCCC Executive Board and as confirmed by the CER buyer, Japan Carbon Fund (JCF). It was the last minute issuance before the end of 2013 and will contribute to a GHG emission reduction of more than 60,000 tonnes of carbon dioxide equivalent for the crediting period between 30 December 2011 and 31 December 2012.

Given the recent progress in COP19 in Warsaw, it is expected that the carbon market will continue after 2015 and CDM (acronym for Clean Development Mechanism) will still be a reliable market for carbon trading within private sector, besides newly developed mechanism like NAMA, JCM or BOCM.

 

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