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ARTICLE · 12 NOVEMBER 2015

Regional Clean Energy Investment Hub Established In Bangkok

Jones Day
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In August 2015, the UNFCCC launched the fifth Regional Collaboration Centre ("RCC") in Bangkok, Thailand, to promote clean energy investment in the Asia-Pacific region.

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James Parker
James Parker
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In August 2015, the UNFCCC launched the fifth Regional Collaboration Centre ("RCC") in Bangkok, Thailand, to promote clean energy investment in the Asia-Pacific region. The Bangkok RCC joins four other regional centers established by the UNFCCC to support the Clean Development Mechanism ("CDM"), a market-based mechanism forming part of the Kyoto Protocol that allows developed countries to offset their carbon emissions by funding emission reduction projects in developing countries. The CDM allows such projects to earn certified emission reductions, thereby encouraging clean energy investment.

The RCCs are designed to assist nations in identifying and developing CDM projects while reducing investor risk and transaction costs. The Bangkok RCC will partner with the Japanese Institute for Global Environmental Strategies and collaborate with the other RCCs in Togo, Uganda, Grenada, and Colombia. At present, there are approximately 7,000 CDM projects in the

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