Enter Title

ADMINISTRATION OF THE CDM AND THE MAIN ROLE PLAYERS

Under the rules of the Kyoto Protcol, the CDM is administered by two bodies: the Conference of Parties, serving as the Meeting of Parties, and the CDM Executive Board.

The Conference of the Parties (COP), serving as the Meeting of the Parties (MOP), is the supreme body of the CDM and is constituted by those parties that have ratified the protocol. The COP/MOP provides guidance to the executive board and elaborates modalities and procedures with the objective of ensuring transparency, efficiency and accountability. The COP/MOP also reviews the regional distribution of designated operational entities to promote equitable distribution.

The Executive Board supervises the CDM and is fully accountable to the COP/MOP. It is responsible for accrediting operational entities, defining modalities and procedures for the CDM, approving new methodologies and guidelines related to baselines, monitoring plans and project boundaries. It also maintains the CDM registry and database.

The executive board is comprised 10 members from parties to the Kyoto Protocol as follows:
• One member from each of the five United Nations regional groups;
• Two other members from parties included in Annex 1 of the protocol;
• Two other members from parties not included in Annex 1; and
• One representative of the small island developing states.

The other main players (other than the DNA) are:
Project developer
  Develops, owns and operates the project and is the original owner of any CERs generated. The project developer can be private sector, NGOs or Government and can be from the host country or elsewhere (including an Annex 1 country). The only requirement on 'location' is that the project itself must be physically based in a developing country.
Project investor
  Party from the developed (Annex 1) country wishing to purchase CERs. Can be private sector, NGOs, Government or multilateral funds (e.g. the World Bank).
Host country
  The developing country in which the project occurs.
Operational entities
  Accredited firms ("auditors") responsible for validation, monitoring and certification. These are generally referred to as the Designated Operational Entities (DOEs) and perform a quality control function.