Reducing Emissions for Deforestation and Forest Degradation (REDD)
At Bali the Norwegian Prime Minister launched the "Government of Norway's International Climate and Forest Initiative". The initiative seeks to achieve cost-effective and verifiable reductions in greenhouse gas emissions from deforestation and forest degradation in developing countries (REDD), and applies to all types of tropical forests.
The Secretariat for the initiative is based in the Norwegian Ministry of the Environment. Norad is actively supporting the initiative by providing technical assistance to the secretariat, reviewing specific programme activities and funding schemes and participating in joint missions.
Norad is managing a support scheme for support to civil society organizations under the Climate and Forest Initiative.
Clean Energy Initiative
More than 80 per cent of the world's energy use today is based on fossil fuels, which leads to large climate gas emissions. Poor people are the most vulnerable to climate change, because they lack the necessary resources to adapt to climate change and because their value creation is largely based on natural resources.
Increased investment in low-carbon technology, improved energy efficiency and increased use of renewable energy at prices that are affordable to poor people is crucial in achieving the MDGs.
Clean Development Mechanism (CDM)
The Clean Development Mechanism (CDM) allows public or private entities to invest in greenhouse gas (GHG) mitigating project activities in developing countries and earn abatement credits, which can then be applied against their own GHG emissions or sold on the open market.
The Norwegian Ministry of Foreign Affairs has through the Norwegian Agency for Development Cooperation (Norad) established a support mechanism to enable eligible entities (Project Developers) to prepare the necessary documentation for submission of CDM projects to the Designated National Authority (DNA) and the United Nations CDM Executive Board.
Developing new CDM methodologies or adapting existing methodologies can also be supported. Project Developers from Norway and Least Developed Countries (LDCs) may submit CDM project proposals.