This handbook documents implementation issues and pitfalls to be avoided by developers of a Programme of Activities (PoA) — a tool designed to capture emission reductions associated with the Clean Development Mechanism (CDM), which allows emission-reduction credits earned by developing countries to be traded and sold under the Kyoto Protocol.

PoAs aim to reduce the transaction costs of the CDM and help adapt it to small-scale activities. But progress in adopting the tool has been slow. This is mainly because running and operating PoAs differs from managing CDM activities, and carries additional requirements, says the report. Unclear and constantly changing operational rules is another factor.

The handbook provides guidance for those working on PoAs, including an overview of the tool, models of how it can be structured, managed and operated, as well as information on costs and registration details. It also gives information about new market opportunities, and management and issues associated with PoAs.