CORDIS - EU research results
CORDIS

Implementing the kyoto mechanisms - contributions by financial institutions (IMKYM-COFIN)

Objective

General objective of this project is to develop innovative products of private-sector financial institutions that contribute to implementation of the Kyoto Mechanisms and domestic greenhouse gas reduction projects. Main components of the project include the following: firstly, it aims at exploring the scope for private-sector insurance against risks related to the use of the Kyoto Mechanisms. Secondly, it intends to integrate financial implications of the Kyoto Mechanisms into conventional project finance valuation. This integration will promote the identification and realisation of viable Joint Implementation, Clean Development Mechanism and domestic projects. Thirdly, the project strives for exploring the appropriate design of a private-sector investment fund for Joint Implementation, Clean Development Mechanism and domestic projects. Main advantage of such investment vehicles is diversification of investment risks, thus encouraging investments. The results of the project will be applied to concrete cases, predominantly in Mediterranean countries. Main findings will be disseminated through reports ad international workshops.

Call for proposal

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Coordinator

GERLING SUSTAINABLE DEVELOPMENT PROJECT GMBH
EU contribution
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Address
Kaiser-Wilhelm-Ring 7-9
50672 KOELN
Germany

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Total cost
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Participants (3)