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Clean Development Mechanism (CDM) is a flexible financing mechanism for climate-friendly environmental investment administered by the United Nations Framework Convention on Climate Change (UNFCCC). It is an arrangement under the Kyoto Protocol allowing industrialized countries with a Greenhouse Gas (GHG) reduction commitment (so-called Annex 1 countries) to invest in emission reducing projects in developing countries (Non-Annex-1). Now, Annex-1 parties having emission caps on their total emission, can buy those credits from Non-Annex-1 parties to fulfill their limitations. This will create an economical market for carbon credits and also more interest for GHG reduction projects. In a simple way, when a developing country (Non Annex-1) like Yemen, implements a project which can reduce certain amount of Green House Gases, this amount gives credits, which are called Certified Emission Reductions (CERs).

Similarly, the Green Climate Fund (GCF) is a fund established within the framework of the UNFCCC to assist developing countries in adaptation and mitigation practices to counter climate change. The GCF is based in the new Songdo district of Incheon, South Korea. GCF helps developing countries limit or reduce their greenhouse gas (GHG) emissions and adapt to climate change. It aims to deliver equal amounts of funding to mitigation and adaptation, while being guided by the Convention’s principles and provisions.

The Fund pays particular attention to the needs of societies that are highly vulnerable to the effects of climate change, in particular Least Developed Countries (like Yemen), Small Island Developing States, and African States.

GCF aims to catalyze a flow of climate finance to invest in low-emission and climate-resilient development, driving a paradigm shift in the global response to climate change. The Fund’s investments can be in the form of grants, loans, equity or guarantees.

At CORAL, we provide our project developers and investors with technical consulting services and building  therefore a first cornerstone for their long journey Clean Development Mechanism (CDM), and co-develop Green Climate Fund (GCF) project's application.

Our multidisciplinary scientists and engineers focus on unleashing the potential of integration to meet current challenges and future opportunities. We undertake the responsibility to study and recommend the project's developers and investors with the first green-line-viability-decision in various sectors and disciplines some of which include:

  • Renewable Energy (Wind Energy, Solar Energy),

  • Fuel Switch Scenario,

  • Captive Power Projects,

  • Municipal Waste and Animal Waste to Biogas, and

  • Natural Gas & Energy Efficiency Projects.  

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