PERÚ - Observatory for Renewable Energy in Latin America and

Perú- Products I and II
verified amount of Emission Reductions for the corresponding emission of
CERs.
8. Emission of CERs
Graphic N° 23: Cycle of the CDM Project
In Peru, the Designated National Authority (DNA) is the Ministry of the
Environment (MINAM). The Director of the General Directorate of Climate
Change, Desertification and Water Resources (DGCCDRH), is responsible for
convening the Ad Hoc Committee and giving an answer for the conformity or non
conformity of the Project, for which it is followe the “The Evaluation Procedure
for the Approval of Projects of Greenhouse Gases Emissions’s Reduction and
Carbon Capture” Approved by Directive Nº 002-2009 MINAM.
The Carbon Market promoter entity in Peru is the National Environment Fund
(FONAM), which is a non profit institution of private rigth in charge of
promoting public and private investment in the development of priority
environmental projects; it also prepares and gives advice in the preparation of
CDM projects on its whole cycle.
The Peruvian CDM Project Portfolio that FONAM manages has had an important
growth as it is shown in Graphic Nº 24. In 2010, it was managed a portfolio of
190 projects with a total amount of investment of 11 400 million US$. Till April
of 2011 there were 223 projects, of which 51 count with the Approval Letter
granted by the MINAM, being 23 of them registered in the executive board of the
CDM. Of the registered projects, 10 receive 1 377 402 CER's and 6 of them
correspond to Hydroelectric Power Stations. See Chart Nº 10.
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