| 08/12/2005
- The Government of Canada signed a Letter of Intent with
Indonesia today that will see both countries work together
in support of new Clean Development Mechanism (CDM) projects.
The CDM is a major component of the Kyoto Protocol. It
is a project-based mechanism that assists developing countries
in achieving sustainable development goals while allowing
public or private entities to invest in greenhouse gas
(GHG) reduction activities that will earn them certified
emission reduction (CER) credits.
Indonesia is considered to be one of the key CDM markets,
offering opportunities in a variety of sectors. Since
July 2005, Canada's CDM Office has become actively engaged
in Indonesia. This Letter of Intent should help expand
Canada's business interests in the area while supporting
the Indonesian government's efforts to develop climate-friendly
technologies.
Today's announcement comes as over 9000 delegates from
around the world are gathered in Montreal for the November
28 to December 9 United Nations Conference on Climate
Change. Last week, Canada and Indonesia joined 155 other
countries in demonstrating their commitment to the Kyoto
Protocol by adopting the 19 decisions of the Marrakech
Accords.
Negotiations are continuing as delegates try to adopt
clear rules for implementation of the protocol, election
of members to key oversight committees and proposals to
streamline and strengthen certain instruments of the Protocol
such as the Clean Development Mechanism. |
