Environment Minister Max Puig says that the DR could sell certified emission reductions (CERs) under the Kyoto Protocol to industrialized countries that are signatories of the treaty, such as Japan, Canada and Germany. He said these could be used for sustainable development projects. Puig spoke on occasion of the start of the worldwide implementation of the Kyoto Protocol, which the DR signed in 2002. Puig explained that the DR has signed a Memorandum of Understanding with Canada and the World Bank to have access to the Prototype Carbon Fund (PCF). The fund establishes a partnership between 17 companies and six governments, managed by the World Bank. As the first carbon fund, its mission is to pioneer the market for project-based greenhouse gas emission reductions while promoting sustainable development and offering a learning-by-doing opportunity to its stakeholders.
Puig explained that through the PCF, the DR could carry out energy projects, including the capture of methane in garbage dumps for the generation of energy.
See http://carbonfinance.org/pcf/Home_Main.cfm for examples of projects underway in other countries.
The Kyoto Protocol is an international treaty on global warming.