As of: December 2005
Note: Only the German version of the texts is legally binding!
Project Mechanisms Act (ProMechG): Act on the introduction of project-based mechanisms in accordance with the Kyoto Protocol, the implementation of Directive 2004/101/EC and the amendment of the Heat-Power Cogeneration Act
This Act entered into force on 30 September 2005 (Federal Law Gazette I, p. 2826).
This Article act creates the necessary national foundations for the generation of credits for emission reductions that are achieved through projects in the framework of Joint Implementation and the Clean Development Mechanism. It regulates in particular provisions on the procedures and prerequisites for the official approval of a planned project activity required according to international provisions.
Furthermore, these emissions credits can be used for EU emissions trading. In amending the Greenhouse Gas Emissions Trading Act, this Act prescribes that operators of an installation subject to emissions trading are also able to fulfil their obligation to surrender allowances by surrendering emissions credits from such projects. This also implements the provisions of an EU Directive that prescribes the linking of the project-based mechanisms of the Kyoto Protocol to emissions trading.
The competent authority for the enforcement of the Project Mechanisms Act (ProMechG) is the Federal Environmental Agency (UBA) and its "German Emissions Trading Authority" (DEHSt).
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