United Nations Authorizes Korean Register to Verify CDM

Press Release
Tuesday, March 26, 2013

The Korean Register of Shipping (KR) has been authorized by the United Nations (UN) as a designated operational entity for the CDM (Clean Development Mechanism).


 
The CDM is defined in the Kyoto Protocol and allows a country with an emission-reduction or emission-limitation commitment to implement an emission-reduction project in developing countries. Such projects can earn saleable certified emission reduction (CER) credits, each equivalent to one tonne of CO2, which can be counted towards meeting Kyoto targets.



The 72nd meeting of the CDM board, held in Bonn, Germany, officially designated KR as an operational entity authorized to verify CDM projects in three business sectors – energy, transport and waste.
 


KR is the first Korean maritime organization to be given this accreditation and one of only 44 companies in the world.
 


KR will now provide a variety of verification services and expand its GHG verification business into the international market.



On receiving the authorization, Dr. Mann-eung Kim, Executive Vice President of KR’s New Growth Industry Division said: “The CDM authorization provides the platform for us to deliver comprehensive verification services to shipping and overland transport sectors. This will enable KR to make a significant contribution to the sustainable growth of world’s maritime industry”.



In 2009, KR launched a special division for dealing with GHG emissions and since then it has provided total GHG verification services to maritime and overland transport companies.

 

Maritime Reporter October 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Environmental

Emissions Scrubber Receives Class Approval

Langh Ship received final class approval from Germanischer Lloyd for its exhaust gas cleaning system on m/s Laura (pictured), a 1996-built a 6,500 DWT general cargo

‘Green’ Hybrid-powered Research Vessel Christened

The Maritime Aquarium at Norwalk christened a larger, “greener” new research vessel on Friday, September 26 in preparation for launching a new era in examining,

Cove Point LNG Export Facility Gets US FERC Approval

U.S. federal regulators on Monday approved construction of Dominion Resources Inc's liquefied natural gas export project in Cove Point, Maryland. Cove Point is the fourth U.

News

General Dynamics Bags $ 50 mi Submarine Contracts

General Dynamics Advanced Information Systems, a business unit of General Dynamics was awarded two contract modifications totaling $50 million to continue supporting

Swissco Doubles Rig Fleet

SGX Mainboard-listed Swissco Holdings Limited an integrated, international marine services provider, today announced having completed the acquisition of four additional mobile offshore drilling units,

Gazprom Constructs Sports Complex in Stavropol

Stavropol hosted today a groundbreaking ceremony of a versatile sports & recreation complex of Gazprom. The sports & recreation complex will include a 50 meter Olympic swimming pool,

 
 
Maritime Contracts Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1335 sec (7 req/sec)