Hydro and the CDM

Abstract

The Kyoto Protocol international treaty, which entered into force in February 2005, established the largest and first truly environmental market in the world: for the trading of ‘carbon credits’. It also established – for the first time – binding emissions reduction targets for industrialised countries. The Protocol also established mechanisms for project-based carbon trading, and renewable energy – particularly hydroelectricity – has been one of the most successful project types in the carbon market to date. Ruth Whittington, EcoSecurities reports.