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Latin American Carbon Forum, Costa Rica 2011 San Jose, September 29th, 2011 Overview of The Gold Standard Kyoto Protocol, Article 12.2 “The purpose of the CDM shall be to assist Parties not included in Annex I in achieving sustainable development and in contributing to the ultimate objective of the Convention, and to assist Parties included in Annex I in achieving compliance with their quantified emission limitation and reduction commitments...” The Gold Standard was conceived in 2001 and established in 2003 by a group of NGOs led by WWF, HELIO International and SouthSouthNorth (SSN) to demonstrate that a market mechanism for carbon finance, managed correctly, can deliver multiple positive outcomes at no net additional cost. Elements of a Gold Standard Project High Quality Real Permanent Verifiable Enforceable Independent Community Involvement Minimizing financial risks through increased standardization and overcoming credibility challenges Guiding Principles: Bottom-up participatory approach to local SD Conservativeness Transparency Pragmatism GS MRV PoAs NAMAs National/Regional Trading schemes New approaches Thank you!!! Ivan Hernandez Regional Manager the Americas ivan@cdmgoldstandard.org Monterrey, Mexico? Phone. ?+52 81 1367 6306 Mobile. ?+52 1818 024 4912 * *