Future CDM committee 1st meeting 21/05/05 Summary In March 2005, Ministry of Economy, Trade and Industry, Japan (METI) hosted the international workshop “CDM in the post Kyoto regime” (Tokyo Workshop) with the Central Research Institute of Electric Power Industry, Japan (CRIEPI) and Mitsubishi Research Institute (MRI). Findings of discussions at Tokyo Workshop were that CDM modalities and procedures are complex and slow, and there are many opportunities within the current institutional framework under KP/MA.

　Based on the results of Tokyo Workshop, “Future CDM Committee” is established to develop methodologies for energy efficiency and transportation area, where fewer methodologies are developed. 5 working groups are established under the committee to develop environmentally integral and high-quality methodologies with wide applicability. These working groups address five key areas: “consolidated methodologies for energy efficiency”, “CDM in the transport”, “common baseline emission rate” , “program based/bundling approach for energy conservation” , and “ESCO”.

　The Committee consists of government representatives both from host countries and from investment countries (Brazil, Canada, Chile, China, India, Japan, and the Netherlands) and WG leaders. The Committee assumes a supervisory role to the working groups and discusses overall strategy and future directions of this project.

　The first meeting of the Committee was held on Saturday, May 21 in Bonn. Members of committee confirmed that development of methodologies should be coordinated with “representative projects” in order to make them more practical and widely applicable to many projects and they would make effort to find out representative projects. And the committee discussed the plan of the next Workshop in autumn and how to organize it. Final schedule and venue will be announced by the secretariat soon.

( This summary was drafted under full responsibility of the secretariat. )