CDM Projects in MENA Region

  The MENA region is an attractive CDM destination as it is rich in renewable energy resources and has a robust oil and gas industry. Surprisingly, countries in MENA host very few and declining number of CDM projects with only 23 CDM projects registered till date. The region accounts for only 1.5 percent of global CDM projects and only two percent of emission reduction credits. The two main challenges facing many of these projects are: weak capacity in most MENA countries for identifying, developing and implementing carbon finance projects and securing underlying finance.  The registered CDM projects in MENA countries … Continue reading

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