The Executive Board of the Clean Development Mechanism (CDM) has issued the first ever certified emission reductions (CERs) under the Kyoto Protocol.

These credits were issued for two hydroelectric projects in Honduras. ‘La Esperanza Hydroelectric Project’ is expected to initially generate annually 37,000 CERs and is registered in partnership with Italy. The ‘Rio Blanco Small Hydroelectric Project’ in which Finland has a stake, produces 17,800 CERs per year. Both projects were validated by DNV Certification.

Date: 20 December 2005