YOKOHAMA, Japan--(BUSINESS WIRE)--The CDM Executive Board of the United Nations Framework Convention on Climate Change (UNFCCC) has recently decided to re-accredit TUV Rheinland Japan Ltd. as a Designated Operational Entity (DOE). The accreditation scope has simultaneously been extended to validation and verification functions within all sectoral scopes (1-15) under the Clean Development Mechanism (CDM). Consequently, TUV Rheinland Japan Ltd. is also eligible as a Greenhouse Gas (GHG) Verifier for the same comprehensive range of sectoral scopes under the most prominent voluntary GHG Programmes, such as the Voluntary Carbon Standard (VCS) and the Gold Standard (GS).

“Having completed the process of re-accreditation and expanding its validity to all sectoral scopes including the corresponding verification activities, we are now eligible to provide a comprehensive range of services in the field of Carbon Trading.”, said Dr. Manfred Brinkmann, Service Representative at TUV Rheinland Japan. “The advantage for our customers lies in our eligibility to assess their entire project portfolio, regardless of type or location.”

Glossary

Clean Development Mechanism (CDM):

“The CDM allows emission-reduction (or emission removal) projects in developing countries to earn certified emission reduction (CER) credits, each equivalent to one tonne of CO2. These CERs can be traded, sold and used by industrialized countries to meet part of their emission reduction targets under the Kyoto Protocol.”

Joint Implementation (JI):

“A mechanism under the Kyoto Protocol through which a developed country can receive "emissions reduction units" when it helps to finance projects that reduce net greenhouse-gas emissions in another developed country (in practice, the recipient state is likely to be a country with an "economy in transition"). An Annex I Party must meet specific eligibility requirements to participate in joint implementation.”

Voluntary Carbon Market:

A carbon market functioning outside of the compliance market enables companies, organizations and individuals to offset their greenhouse gas emissions by purchasing project-based carbon credits, generally termed “VER” (Voluntary or Verified Emission Reductions), on a voluntary basis.

Further information on CDM and JI is available at http://unfccc.int

About TUV Rheinland Group

TUV Rheinland Group is a leading provider of technical services worldwide. Founded in 1872 and headquartered in Cologne, Germany, the Group employs more than 13,000 people in over 490 locations in 61 countries and generated annual revenues of over € 1.1 billion. The Group’s mission and guiding principle is to achieve sustained development of safety and quality in order to meet the challenges arising from the interaction between man, technology, and the environment.

For further inquiries, please contact us at cdm@tuv.com