The CDM Executive Board

Article 12 of the Marrakech Accords made provision for the establishment of an independent governance body, the CDM Executive Board (CDM EB), to oversee the implementation and administration of the CDM. The CDM EB will be the ultimate point of contact for CDM Project Participants to arrange for the registration of projects and the issuance of CERs. The Parties have given the CDM EB a number of specific tasks and powers that significantly influence how the CDM develops. It is to:

• Develop procedures for the CDM;
• Approve new methodologies related to baselines and monitoring plans;
• Accredit Designated Operations Entities (DOEs) acting as stakeholders for CDM project validation, the verification and certification of Certified Emission Reductions (CERs);
• Register projects (in accordance with specific procedures);
• Issue CERs (in accordance with specific procedures);
• Make publicly available information on proposed CDM Project activities in need of funding and investors seeking opportunities;
• Maintain a public database of CDM Project activities containing information on registered Project Design Documents, comments received, Verification Reports, CDM Executive Board decisions and information on all CERs issued; and
• Develop and maintain the CDM registry.

The first meeting of the CDM EB was held during COP 7 on 11 November 2001. Until October 2008 it met 41 times for formulating subsequent decisions and issuing further guidance on CDM project development. All key guidance and decisions provided by the CDM EB can be found at http://cdm.unfccc.int/EB/index.html.

The Executive Board comprise of 10 members from Parties to the Kyoto Protocol, as follows:

The Republic of Armenia is represented in the Board by Mrs. Diana Harutyunyan who was designated as an alternative member of the EB (UN European Regional Group) as well as the vice-chair of the EB Afforestation/Reforestation Working Group.

The EB may establish committees, panels or working groups to assist it in the performance of its functions. 

It should further be noted that the CDM EB often updates the PDD format and issues revisions of approved, approved consolidated, small-scale, afforestation & reforestation (A/R) and small-scale (A/R) baseline and monitoring methodologies. CDM project developers should always use the most recent format and methodologies.