Examples of CDM Registry in a sentence
A CER is a tradable emission unit or carbon credit issued by the Clean Development Mechanism (CDM) Registry for emission reductions achieved by CDM projects and verified by the rules of the Kyoto Protocol.
Upon the request of the project participants, the CDM Registry Administrator shall, after the end of a commitment period, carry over any CERs held in a reserve account for a CCS project activity to the subsequent commitment period.
In respect to CERs and their voluntary cancellation, Sellers of CERs must have a project that has issued CERs, paid their Share of Proceeds (SOP) fee (to the relevant entity), the CERs must be held in the Pending Account or a Permanent Holding Account of the CDM Registry and not listed on the UN Platform for voluntary cancellation of CERs.
Figure 3: Issuance of CERs by year and commitment period Source: authors, based on CDM Registry Issuance Report as of 30 April 2021 (UNFCCC 2021b).
On this platform, both CP1 and CP2 CERs from either the pending account or a personal holding account in the CDM Registry (see section below for a description of the account structure) can be marketed by the project participants, after the adaptation and administration tax (share of proceeds, SoP, see Box 2 below) has been paid (UNFCCC 2021a).