Establishment Of Clean Development Mechanism

7 November 2006

Madam Speaker, the World Summit on Sustainable Development, WSSD, in Johannesburg provided a unique opportunity for governments, United Nations bodies, business communities, civil societies and the development finance institutions to agree on the mechanism and resources required to meet the sustainable development targets at global, regional, national and local levels.

The ANC commends our government on developing a mechanism to ensure that industrial developments do not lead to the erosion of the country`s natural resources. This has found expression in the establishment of the clean development mechanism, the CDM, developed by the Department of Minerals and Energy in an effort to cut carbon emissions while ensuring economic growth in the country. The CDM projects function in line with the Kyoto Protocol. The projects will create more employment in the farming industry without causing harm to the environment.

Today is better than yesterday, tomorrow will be better than today. Ngiyabonga.

ANC Member of Parliament

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