Its aim is to shift generation of energy from conventional fuels, such as oil and coal, to renewable fuels. A proportion of the revenues under the initiative is earmarked for sustainable energy projects in developing countries. It is currently implementing the project on climate-neutral energy supply for rural areas in India, and a CDM project for local electrification/replacement of fuel generators in villages and small towns in Burkina Faso. Development and deployment of renewables constitute the lion’s share of registered CDM projects (60 per cent as at 1 July 200913). It includes a sizeable number of registered and validated projects involving fuel switching and the deployment of RETs, some of which concern rural communities.