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Engaging the private sector in Clean Development Mechanism (CDM)

Project Activities under the UNFCCC/Kyoto Protocol

The United Nations Conference on Trade and Development (UNCTAD) is committed to focus on trade and investment aspects the emerging climate regime and carbon market, with a particular emphasis on potential risks and opportunities available to developing countries. UNCTAD joined efforts with the Banco Nacional de Desenvolvimento Economico e Social (BNDES - Brazilian National Bank for Economic and Social Development) and agreed to collaborate closely to provide technical assistance to the Inter-Ministerial Commission on Climate Change, the national focal point in Brazil for climate policy/making. The UNCTAD component in the UNF project aimed to promote and facilitate CDM investment projects in Brazil as part of the national implementation of the Kyoto Protocol. This project was successfully concluded in 2003.

The agencies responsible for the implementation of the project's activities, with support from the UNCTAD/Earth Council Carbon Market Programme, were: Ministry of Science and Technology (Secretariat of the Inter-Ministerial Commission on Climate Change) National Development Bank of Brazil (BNDES)

The following activities have been undertaken:

• Compilation and annotation of decisions on CDM focusing on the following:
• a. Identification of the role and function of the host government in the CDM process in accordance with the COP 7 decisions
  b. Description of the legal rules relevant to CDM implementation
  c. Description of financial procedures to be adopted by CDM project participants in accordance with Brazilian legislation
• Drafting of basic CDM implementation guide using language useful for potential in domestic and foreign investors and policy-makers;
• Convene an internal public sector technical workshop to discuss the final draft of the CDM implementing guide;
• Publication of a final draft of the CDM implementing guide in Portuguese and English and open a process of consultation with key national stakeholders;
• Consultations and public launch involved:
  a. Selective Consultation: CDM dialogues among sector-specific stakeholders in Brazil to build sectoral capacity for the implementation of CDM in Brazil. These activities were undertaken in collaboration with agencies such as UNIDO, WBCSD and UNDP also involved in climate-related activities in Brazil;
  b. Public Launch: National workshop with national stakeholders to launch the CDM implementing guide (in collaboration with the Brazilian Climate Change Forum).
• Publication of final version of national CDM Implementing Guide;
• Organization of the UNCTAD/Earth Council CDM Forum in Brazil in early 2003. "Engaging the Private Sector in CDM" (Background Information) Download (24.7 KB, .PDF)