mexico, support for the development and uptake of - Unido

Of the 22 projects at present in the CDM pipeline, the Mexican DNA has provided 12 of them with
a No-Objection Letter, 14 have been given a Letter of Approval and 9 are at the beginning of the
rest of the international CDM cycle (at or after international consultation).
The main developers of the Mexican present project pipeline are: AgCert (animal residues) with 8
of the 22 projects, SEISA (municipal waste) with 6 and Comexhidro (hydro) with 4. But the largest
single project in terms of mitigation is promoted by CYDSA (F-gases).
Eight AWMS GHG Mitigation Projects and one on F-gases are at, or recently after, the consultation
step of the verification stage within the international project cycle (see subsection I.2.4 and Table
16). As of the 25 th of August, 2005, no Mexican project has a request of registration, is under
review, or has been registered by the CDM Executive Board.
Nevertheless, according to a recent study of the carbon market 108 : “In terms of trends, the market
seems to be concentrating in large, middle-income countries. Most of the new volume is going to
India and Brazil. Emerging countries in the carbon market are China, where projects are now being
accepted by the DNA, and Mexico, which has also seen large volumes transacted in the past 12
months. This concentration of CDM flows towards large middle-income countries is consistent
with the current direction of Foreign Direct Investment”.
108 “State and Trends of the Carbon Market, May 2005, IETA.
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