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6ῑ789):/  ,**+  1 ; COP0 <=>$?@AB$%*C ++ ; COP1  DE4FGHI*0@JKL MNO)@(PQ/R(STUV Wland use, land use change and forestry ; LULUCFX 6Y - Z . [\O)@ ]^ῐ^ῐC_`aD@TU

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TUV*p0@d qbc*r.@def  st u:Pv
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Y TUV CDM *~.@{ O)@=
6&/R+ TUV CDM Y ῌ" > Y
ῑ.@TUV12Y
/]TUVef*

klmno12 ῑO): COP0 d9Y*2&ef~*.@PQ:/({x5{ ῑO)@(PQ/R
Mikihiro Inoue : Outline of CDM on LULUCF and the Future Prospect
JICA ¨i©ª«¬^ῐ­®¯°±²2nῌh2³2 ´ῐµ¶·¸ῐ¹῏º
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17 z{| +,,** &'st \] -,-** &'st*+'()?
456 CDM 3217 }~" I"q# CDM 8()
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©4«)¥2¦ 7 Q*§33¨©45 ª12/=(> 

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ῌJI A ,**2 ·¸ ¹¥¨©RK
ῌCDM A ,*** ·¸ ¹¥¨©RK

 

  !"#$% &#'()* +, -.
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JK LMN OPQRKSTUVW#RKOX>?>YZ [\]^_#)* `,Aa(V XYb
cd A efgAhijklmnop qN -.
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BCD0EFG)wῌ t

assigned amount #_ b῍ pYZ.  national system z{vo b῎ .  national registry z{vo b῏  inventory # b Y  + A A#%O (
ob

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¼ No. /. ῎,**,῏!"Av

CDM ῎ῐ῏ῑῒ῍-ῌ+   CDM ! "#$%&'(! )*+,-.!/0

1 2 3

CDM 45678-(!/9&:; +1
COPῌMOP :<=>?@< :῏; + CDM 4578

CDM A@BCD-E&FG<HI41 JK LM7N?@< COP +OP! 
 QR <=>ST0R U COPῌMOP +1 COPῌ
MOP V + W@X, QRYZ[\]^_

` 2 a ,bcdef ghijklmno_ pqrn46stuv@< :WSSDw xy!z7+T! <=>Z-'(9&+ &Y{|_+}~b*+,b yP ` +* ano_ COP2  COPῌMOP V+ W@X+1ῐ

CDM A@ :Executive Board : CDM 

I4+&{78 +* A_! 1 0j A@E1
ῑ 78 :Operational Entity :  CDM Am-¡¢ῌ¢6781 JK CDM A@£¤r=
r-¥(! +*¦ Q`§*¦¨©ª«¬­m,,78M®£¤ῌ=n¯_=1 ° ±²³«¬­m ,,78 ! R´9& ±²
³,,ll COP3 H=_=+µ! *+,b¶R£¤ῌ=¯(b*+1,

CDM m "#·62¸¹9&1

῏ 78= :accreditation +C= :designationῌ 78M® CDM A@=-£¤῍ *-A@T=῎ A@78-=T0R _bC=- COPῌMOP º» ¼   No. /. ῍,**,῎5

COPῌMOP 

   

CDM  ! "validation# $%῏ "registration# &'( )*+,-. /01



234 5

6
789+,:;<=,>?@2AB( CDEFGHIJ$KL

4MNOB( PQRS'TUVWXYZ4MNOB[\ 56 ]῎^_`a[ ODA &bc( Wdef2 ODA ῌg "diversion# h[N3$ ῍ih !
jklmn0 opqOrhsO3$ ti2 !
uml[vwhsO3$ ῍i2x!
 2 !Z44y(

TU z{|(  }( 

CDM %῏~|(  %῏
CDM  "CER#  "verification#( ! "certification#(

mK "issuance#
&';<=,> 
Z(



CER mK

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CDM  ( CDM %῏'|M CER mK

CDM 2qOhk(  ,# `a[ῌ4[-#O2( CER mKῌ4$|M( tihsOihZ4
CDM BmqO CER ( ( 

B4O CDM %῏,) ,> "Pending# ¡¢N£J¤Z4( 33B( ¥¦§¨ "Share of Proceeds# $|M( ©f
,ῌ(  ª«¬§­c2®44O1 [(  ª«­c¯NM( °±NM COP h}Z4O3$[£MNO1 3`a|M²³Z4´µ¯NM( Z( &'$t
i$¶hy 4 O 3 $  [ O h s · a ¸ ¹ c T "Distribution

Agreement# §¨2i¹¸Z4( ´µ2&'{µ¸$[O "º ,#1

6

» ¼ ῎ & No. /. ῍,**,῎g , CER #hi. 

+  CDM 

 CDM  ! "#$&'  ()*+,-./


% CER

% CER 012 .

3

ῌCER 4Certiﬁed Emission Reduction : CDM  ! "#$ 5678 CDM "#$"#$

9 :;< CDM 

9 => / ?@ABCDE%FGῌERU 4Emission Reduction Unit : JI  ! "#$
 => / ?@ABCDE-% :;< JI "#$% HRMU IJ ERUK DLMῌAAU 4Assigned Amount Unit : - N 1 OPQ 2 ORBS+TU

56VWXIJ
ῌRMU 4Removal Unit : - N - OPQ . OUYZ["#$, -\]^_`a % " . 
j k [ l No. /. ῌ,**,῍% bcdef +7

 COP1   

!fungibility"  #$% &' ( CER )*+,-+./ 01 234 05

CDM 678 9:;<=

>01 >-"  ? , -@AB4   CDE'FGHIJ

0 +4

CDE ++KL'

CDM 6MN O+CDM KLP0 QER-0FGHIJ



STUῌE' VEW KLXYZ[ VEKL' EZ\] ^_`abcd efZ gZ\] EHIJhiZ3 j Zkl9m` !Retirement" \]nop !Cancellation" \]qr4 0p\]'>s t + Juv OrHIJwhi1xy t , 
Juv O  +.- z{|}~ + NGO FGHIr,  {|}~'E7 *40  p -xy0, j#\] 

CDM KL Or p\]' CER  xy AAU {|}~1 3y#Z -xy j# 0O

p\]

4{|}~' 04'j w0." 4KL KLv' 6 O+

{ !Transaction Log"   ¡~{ 0/" Juv j#0+1{|}~' t , Juv ¢5£Z¤{|}~ R1¥¦ AAU '§¢

5£ CER  ERU '¨E© ,./ῌ ¢5£¦A
01   Eª«¬noª«­ JI {|}~ RMU 
RMU  ERU '¢5£0



01

 R-¤{|}~ ¢5£¥¦' ®¯D'FGHI©hi

RMU  CER, ERU °± j1 ²R- Zs³

/0'0 ´-/ῌJI ῐ῎ CDM ῍ΐ῏ῒῑ+" µ'67 ¶D FG­67 ·¸¹}¡{uvºu #8» ¼  7 No. /. ῍,**,῎     !"#$%,& '()*+,-.#$ CDM * / ,*** 01*2 34/

-.* /56 7  ,*** 01
8*9%  :;<=34
COP1 01>8 ?@AB'()$9 C-DEF GHICJ KL AIJ #MNOP"QRS:*ET4/+ COP1 UV0W#$9/ X*<Y8/Z
344L F[\K #$]$ ^)_`a4b#$% c8 COP1 UV0W*2 34/-.* / ,**/  7#*d ef8,4L*9/%-& 7 gD)*+,-.#$ JI * / CDM h * ,***

01*2 34/-.56 i +jkl2 #$ ,**2 01*9% + mno - p - q . qVr R( s*tu34/

JI

 vw)mno*xyzF{|}8
$bu%.& ~u* JI  CDM h *9 CDM # ) vw)F##ῌ!""@*58 JI < JI F8,4L/
AAU  RMU 8/vw)*9/87u*% JI

2 *9/ -.)F,/#$# )-W<*#$K%0  CDM 
CDM *mnoF

+&* / 5))J5

$9 COP0 2<* ~u@   *¡9/¢<=8#$% ¢<=# mno

CDM * / £¤¥¦ §¨©-ª*~-.'«#¬­®ª& P¯° §-.56±²³´µ¶*~[·¸¹ª& º » ¦³¸¹F Vrxyz* /
¼  . No. /. ῌ,**,῍9 SBSTA COP 



  ,**-  +,  COP3&'!"#$%()*+, "- + ./01# 2345

CDM 6789:01;<* )=,, >+ 3451?@A8BCC8D@0BEF

LEMN

O

PQ

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#%&' COP3



 GHIJK "*OTUVW X FY SBSTA Z["# ),1ῌ ῑ῔ΐ CDM ῎ῐ῍῏ῒ῕+

SBSTA \]+=O 345 CDM CC^_`aQbc"#d]* efg^Oah$+,ῌ ijk)lmn῎`op` O +33*  CO, cqr="#C `345st*uvw)n - x - g)l^y "qr#z%{#y# +323  |}~#" +33* } |ij~
#"

C=+

#*,F`Ocl  cqr#y "+] +, xq345 CDM 1?@A8B^O ijqr^$C#,  F`
O }p h >+  !"
$ !"  "#¡# ¢%, " F` Oop`qr  +33* qr+ O ij¢£¤$"#O$&]#=> ,F`}s ¥L?¦§D.BJ7 ¨©ª%«& ῌ

=&*¬­C 345 CDM ¬®¯O |} °±j ij }~ #=+k)li"#, "+] "*k)l^O

`¬­'>²³({&*"#¶,῍ ·7.¸¹K345shº·7.¸¹K
10F`_F`#´)^^µ#O 345sC=+¢* »  ¼ No. /. ῍,**,῎

    ῌ!"#$%&'()*+, -.,/01 %  &'2 3%4, 56 789:;<, =5 CDM 3>>*+, ?@A
%BCDEF%GHI :;<JD>G.
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.G,  PQ &'()*+56 RJ-L. >*+3>S
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@B¶ J·>¸CNO¹º+»& , 3., ¼%q
D E  s No. /. ῍,**,῎11

 FAO ITTO 

   !" #$% EU &'()  !
*+,-./012 34  !5

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 34
῎ FGHIJ CDM

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2 
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[\]^hk6]l[a^mBn'% 'o 2 pqrHIJ CDM "2sht4B

3 >uO % COP3 *rvwh1 #$x 
y*z86r{ ]l[a^k )g"/001

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