Interpretation

In these Regulations“Advisory committee” means the committee established under regulation 5; “CDM Executive Board” means the governance body established under Decision 17/CP.7 to oversee the implementation and administration of the CDM, under the authority and guidance of the Conference; “Certified Emissions Reductions” or “CER” means the formal commodity transferred to project-developing entities in states specified in Annex I of the convention or Annex B of the Kyoto Protocol for the amount of emission reductions achieved in the process of CDM project implementation; “Clean Development Mechanism” or “CDM” means the mechanism under Article 12 of the Kyoto Protocol. “Clean Development Mechanism Project” or “CDM Project” means a sustainable development project activity proposed or established under the UNFCCC rules and the Kyoto Protocol for 226 Environmental Protection approval by the Designated National Authority under regulation 7; “Conference” means the conference of Parties to the Convention; “Convention” or “UNFCC” means the United Nations Framework Convention on Climate change, adopted in New York on 9 May 1992, a copy of the English text of which is set out in the First Schedule to these Regulations, and includes the Annexes to the Convention and any amendments thereto, substitutions of, that Conventions or the Annexes that are, or will become binding on the Government of Belize; First Schedule. “Decision 3/CMP.1” or “Decision 17/CP.7” means the Conference decision on the modalities and procedures for a clean development mechanism defined in the Kyoto Protocol; “Designated National Authority” or “DNA” means the national authority designated under regulation 3; “Designated Operational Entity” means an entity designated by the Executive Board pursuant to paragraph 3(c) of Decision 3/CMP.1; “Environmental Impact Assessment” or “EIA” means the assessment pursuant to the Environmental Impact Regulations; “Kyoto Protocol” means the Protocol to the Convention adopted at the Third Conference of the Parties to the UNFCCC Kyoto, Japan on December 11th , 1997, and includes the Decisions, Annexes and any amendments thereto; “Letter of Approval” means the letter issued by the Designated National Authority giving the approval for implementation of a CDM Project in Belize as set out in the Second Schedule; “Project Design Document” or “PDD” means a document detailing a proposed project activity prepared and submitted by Environmental Protection 227 a project proponent to the designated operational entity for validation; “Project Proponent” means the person submitting a CDM project for approval; “Sustainable Development” means development that meets the present needs of the people without compromising the ability of future generations to meet their own needs in accordance with the criteria as set out in the Third schedule; Third Schedule. “Validation” means the process of independent evaluation of a project activity by a designated operational entity against the requirements of the CDM on the basis of the PDD; “Verification” means the periodic independent review of ex post determination by the designated operational entity of the mention reductions in anthropogenic emissions by sources of greenhouse gases that have occurred as a result of a registered CDM project activity during the verification period.