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The Kyoto Protocol’s clean development mechanism (CDM), the international market-based tool that incentivizes greenhouse gas (GHG) emission reduction projects in developing countries, has passed the 7,000 registered projects milestone. The 7,000th project will capture and destroy biogas created at two livestock (pig and chicken) farms in Cebu, Philippines, reducing annual emissions by 48,000 tonnes; the equivalent of removing 10,000 passenger cars from the road each year.
The project will also reduce air pollution and odour, reduce instances of mosquito-borne illnesses, such as dengue fever, and increase job opportunities for the local community.??“Despite unfavourable market conditions, the CDM continues to provide a mechanism for real emission reductions and real sustainable development for those who wish to use it,” said Peer Stiansen, Chair of the CDM Executive Board.
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