The project will be phased as follows :

• Better define / qualify and quantify specific risk management and financial limitations,
• Define the added opportunities brought by the CDM through the sale of CERs and the involvement of new players,
• Identify tools and opportunities, through real projects in the pipeline, to work out appropriate risk allocation and mitigation instrument and therefore facilitate the financing of CDM projects in the following sectors: renewable energy schemes, energy efficiency in industry and agriculture and mass urban transport,
• Provide sets of recommendations to multilateral and bilateral agencies, governments and private stakeholders on how to use public funds (grants, soft loans and commercial loans) together with private cash flows to minimise risk,
• Disseminate the project recommendations via a series of workshops, website, CD-ROM and publications.