EUR 10 million
The Climate Change Technical Assistance Facility (CCTAF) provides advance conditional funding for activities associated with the development of project based carbon assets (credits) under the Clean Development Mechanism (CDM) and Joint Implementation (JI) instruments of the Kyoto Protocol.
CDM and JI are project based mechanisms, established by the Kyoto Protocol to facilitate countries with an obligation (Annex I) to reduce or limit their greenhouse gas emissions to meet their targets in a cost effective way. Under these mechanisms, an Annex I country (investor party) invests in an emission reduction project in another country (host party) (a non-Annex I country for CDM, or another Annex I country for JI), and in turn may receive carbon credits, which then are counted towards the investor party’s emission reductions. Companies with obligations to reduce emissions under the EU Emissions Trading Scheme (ETS) can also use such crediting mechanisms.
European Investment Bank (EIB) and External Sources
Any entity seeking funding for a project that reduces GHG emissions and is eligible for Clean Development Mechanism (CDM)/Joint Implementation (JI) (i.e. project has to provide emission reductions or removals that are “additional” to any that would otherwise occur. In other words, projects that reduce GHG emissions from the projected baseline level). For up to date information on CDM or JI rules and procedures, please visit the UNFCCC CDM and JI websites.
All developing countries.