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Germany now involved in more than 100 international climate protection projects
Since December 2005 the German Emissions Trading Authority (DEHSt) at the Federal Environment Agency (UBA) has authorised more than 100 climate protection projects in developing and emerging economies that comply with the Kyoto Protocol and are based on the so-called Clean Development Mechanism (CDM). This makes CDM, along with emissions trading, one of the most important climate protection instruments available to companies in Germany. 1,186 projects worldwide have been registered to date, ranking Germany in fourth place with 112 projects. Upon UBA’s presentation of results from the early phase, Minister Gabriel praised CDM as ”having moved beyond the early stages of its development. Motivating businesses to take climate protection into account in their operations abroad has been quicker to succeed than expected. Demand on the EU emissions trading market has now generated a carbon market that actively involves developing countries in climate protection. I consider this of particular importance for the negotiations on the Kyoto Protocol follow-up treaty.” read more
