The Clean Development Mechanism (CDM) Loan Scheme was conceived as a means to improve the regional distribution of the CDM by enhancing the number of registered CDM activities in under-represented countries.
The CDM Loan Scheme has been instrumental to support the increased participation to the CDM by countries with less than 10 registered CDM projects in underrepresented regions.
As agreed by Parties at the Copenhagen Climate Conference in 2009 the loans are provided interest-free from the interest accruing on the principal of the Trust Fund for the Clean Development Mechanism, as well as any voluntary contributions from donors, in order to provide loan to support the following activities in countries with less than 10 registered CDM project activities:
a) To cover the costs of the development of project design documents (PDDs)
b) To cover the costs of validation and the first verification for these activities.
The loan scheme was managed by UNOPS, in association with UNEP DTU Partnership. The CDM Loan Scheme has issued calls for Loan Applications on a regular basis. Loan Applications were screened and assessed by UNEP DTU Partnership and re-assessed by a dedicated Technical Review Committee. Accepted Loan Applications were formalized in Loan Agreements by UNOPS.
Loan disbursements were triggered by the reaching of dedicated milestones assessed by UNEP DTU Partnership.
This project contributed to Sustainable Development Goals
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Focus area: Business Models and Markets, Public sector support for private sector climate action
Country / Region: Angola, Bangladesh, Belize, Burkina Faso, Burundi, Cambodia, Cameroon, Chad, Congo, Cote D'Ivoire, Ethiopia, Gambia, Ghana, Iran, Kenya, Laos, Madagascar, Malawi, Mali, Mauritius, Mongolia, Mozambique, Myanmar, Nepal, Nigeria, Rwanda, Senegal, Sudan, Tanzania, Togo, Uganda, United Arab Emirates, Zambia, Zimbabwe
