Central American states are aware of the implications of the climate change challenge and are attempting to combat it through the use of the abundant renewable resources of the region for energy generation and fossil fuels substitution. At the international level, the markets for greenhouse gas emission reductions and renewable electricity certificates have been fragmented. This picture is changing but a great deal of knowledge is required from the project developers to maximise the carbon benefits for their projects.
Small hydropower
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This paper briefly describes and discusses a two-part project (the International Project on Energy Commitments and Compliance) that seeks to advance sustainable energy solutions to the energy crisis confronting the world.
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The objective of the Umbrella Project is to support development of an international market mechanism for the new commodity known as Emission Reductions(ER), under the framework of the Kyoto protocol. There are two components to the project. The first component of the project is to increase the production of environmentally sustainable renewable energy; and the second component of the project is to develop the markets for high quality emission reductions.