Memorandum of Understanding between the Government of the Republic of Armenia and the Government of the Kingdom of Denmark on co-operation for the implementation of the Kyoto Protocol to the UN Framework Convention on Climate Change.
The Memorandum of Understanding between the Government of the Republic of Armenia and the Government of the Kingdom of Denmark on Co-operation for the Implementation of the Kyoto Protocol to the UN Framework Convention on Climate Change was signed in Yerevan, Republic of Armenia, on November 9, 2004.
The Government of Denmark, in particular the Ministry of Environment, Danish Environmental Protection Agency (DEPA) and the Government of the Republic of Armenia, in particular the Ministry of Nature Protection of Armenia (MoNP), being the competent authorities for the purpose of the Memorandum and were referred to as the Danish Party and the Armenian Party respectively.
The main objective of the Memorandum is to facilitate the development and implementation of greenhouse gas emission reduction project activities in the Republic of Armenia and the transfer to Denmark of the agreed part of the Certified Emission Reductions (CERs) resulting from those project activities in accordance with article 12 of the Kyoto Protocol.
The Armenian Party will facilitate the development and implementation of projects by supporting the potential beneficiaries interested in carrying out CDM projects with information and formal approval of CDM projects, in accordance with article 12 of the Kyoto Protocol, which meet all national requirements for such projects.
The Danish Party will contribute to the development and implementation of CDM projects by the procurement of CERs originating from those projects or by acceptance and registration of CERs procured by private parties from the Armenian Party being the ultimate owners of such CER units.
The Memorandum is settled for a period of 5 years and it is automatically prolonged for a period of 5 years, if none of the Parties notifies in writing the other one, with at least 6 months before the end of its validity, about the intention to denounce it.
The Memorandum was ratified by Decree of the President of the Republic of Armenia Robert Kocharyan on March 9, 2005 and entered into force on March 17, 2005.
Within the framework of the Memorandum Danish Environmental Protection Agency has been closely cooperating with the Ministry of Nature Protection of RA as the Designated National Authority for the CDM under Kyoto Protocol. Such cooperation has so far resulted in the development of three CDM project proposals (PINs) in the sectors of agricultural waste management and industrial energy efficiency.
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