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The fifth Latin American and Caribbean Carbon Forum will be held in Santo Domingo, Dominican Republic, from October 13 to 15
Jointly organized by the Government of the Dominica Republic, the Latin American Energy Organization (OLADE), the International Emissions Trading Association (IETA), the World Bank Institute (WBI), the Inter-American Development Bank (IDB), the United Nations Conference on Trade and Development (UNCTAD) and the UNEP Risoe Centre, the forum is expected to attract more than 600 local, regional and international participants from private, public and the financial sectors.
The UNFCCC secretariat is planning to organize a Regional DNA Forum meeting prior the LAC Carbon forum. The forum provides a unique, free-of-charge platform for local, regional and international carbon market stakeholders to share knowledge and experiences, as well as identify and develop business opportunities.
The forum has become a leading conference and trade fair for the CDM and carbon finance in the region, and is organized by a partnership of key regional and international institutions supporting the carbon market developments through finance and capacity development. This year the forum will be hosted for the first time in the Caribbean, in recognition of the importance of carbon finance and climate change for this area.
The fifth forum takes place as climate change experts and authorities work to define and develop the foundations of a post-2012 climate regime, envisioning the continuation and expansion of market mechanisms which lead to important economic, environmental, political and social implications in the region.
About the Latin American and the Caribbean Carbon Forum ( http://www.latincarbon.com/)
The Latin American and the Caribbean Carbon Forum is an annual regional platform established to promote knowledge and information sharing while facilitating business environments among main carbon market stakeholders.
At the forum, project owners and developers, national CDM offices, Investment Promotion Agencies, Designated National Authorities (DNAs), service providers, intermediary companies, NGOs, development banks, UN agencies and investors will share their experiences with the processes of CDM projects and programs, discuss the current status and future of the mechanism, learn about the latest developments of emission trading schemes, the role of carbon and climate finance, as well as analyse national and international climate change mitigation policies, including NAMAS and REDD, while facilitating business opportunities between CERs buyers and sellers from the region. As in previous editions, there will be opportunities for exhibitors and sponsors.
About the CDM
The CDM was established under the Kyoto Protocol of United Nations Framework Convention on Climate Change (UNFCCC) to promote projects to reduce greenhouse-gas emissions in developing countries.
There are currently more than 2200 registered CDM projects in 66 countries, and about another 3000 projects in the project validation/registration pipeline.
The Latin America’s share of CDM projects under validation/registration is 870 out of which 464 are registered projects. The Latin American CDM project portfolio covers a wide range of sectors, with an emphasis on renewable, 47 per cent share, followed by methane avoidance with 26 per cent and 14 per cent on landfill projects.
Based on estimates from the CDM Pipeline, the CDM will generate approximately 1.8 billion certified emission reductions by the end of the first commitment period of the Kyoto Protocol in 2012.