CLEAN DEVELOPMENT MECHANISM AND LEGAL FRAME FOR REALISATION OF CDM PROJECTS IN REPUBLIC OF SERBIA

Abstract

Kyoto Protocole is one of the more importante legal acts passed by International Community, created with aim to prevent the air pollution, global heating and climat changes, all of them the consequences of “ghg” gases emission. Kyoto protocol introduced the three “flexible mechanisams”, all of them the instruments for realisation of the main goal (reducing the emission of the gases). These mechanisams are: Clean Development Mechanisam, The International Emission Trade (IET) and Joint Implementation Mechanisam (JI).

For the countries in trensition (as Serbia for example) The Clean Development Mechanisam (CDM) is the moste importante of all three mechanisams. Developing the CDA projects in the countries in transition investors from developed countries can save the special emission units (CER), which can be sold on the “carbon market”, and country in transition (hoste for CDM project) can gaine “green technology”.

It is necesary, according to Kyoto Protocol, for the country (in transition) to ratified the Protocol and to establish (and organise all the function of) the Designated National Authority (DNA), special governmental body which approve the requests for CDM projects and supervise their realisation. The autor is analyzing the existing legal frame for realisation od CDM projects, establishing procedure of Serbian DNA body, the decision making criteria, and the future prospectives od CDM projects in Serbia.