against be based on the compliance project specifics obligations (as and the ESS Rule at 7 March for the 2014). methodology. Sources: IPART 2013b; ESS website; New South Wales Government 2009, 2011; Electricity Supply (General) Regulation 2001. Scheme Description Eligibility and Additionality Baseline coverage setting The Clean CDM projects Additionality is All CDM Development must be carried tested at the baselines are Development Mechanism out in a methodology set at the Mechanism (CDM) is a Annex I country stage and there is project level. (CDM) global baseline that has ratified a positive list for and credit the Kyoto some specific Depending on scheme used to Protocol and the activity types. the project, credit project baselines can participant must The be set be approved by methodology historical or projects. It is the host country. specifies what projected data, established The CDM is additionality test using absolute under the open to all will apply. These or intensity United Nations sources of have been baselines, and Framework emissions standardised can be Convention on reductions over the life of specified with Climate Change except nuclear the CDM. reference to a (UNFCCC) and standardised Kyoto Protocol projects Large-scale level. and has (other than projects must operated since afforestation pass a series of Baselines may the beginning and tests: also be of 2005. reforestation). modified to Parties can be a prior account for The CDM has private and/or future consideration public entities. two objectives: test increases in a financial emissions There are to assist additionality where they are non-Annex I differing expected to Parties to eligibility rise above whether the meet requirements for project would current levels large-scale, be feasible in the host small-scale, goals by without the hosting revenue from as a projects that suppressed CDM offsets
against compliance obligations (as at 7 March 2014). be based on the project specifics and the ESS Rule for the methodology. Sources: IPART 2013b; ESS website; New South Wales Government 2009, 2011; Electricity Supply (General) Regulation 2001. Scheme Description Eligibility and coverage Additionality Baseline setting Development Mechanism (CDM) The Clean Development Mechanism (CDM) is a global baseline and credit scheme used to credit projects. It is established under the United Nations Framework Convention on Climate Change (UNFCCC) Kyoto Protocol and has operated since the beginning of 2005. The CDM has two objectives: to assist non-Annex I Parties to meet goals by hosting projects that Annex CDM projects must be carried out in a I country that has ratified the Kyoto Protocol and the project participant must be approved by the host country. The CDM is open to all sources of emissions reductions except nuclear and projects (other than afforestation and reforestation). Parties can be private and/or public entities. There are differing eligibility requirements for large-scale, small-scale, Additionality is tested at the methodology stage and there is a positive list for some specific activity types. The methodology specifies what additionality test will apply. These have been standardised over the life of the CDM. Large-scale projects must pass a series of tests: a prior consideration test a financial additionality the project would be feasible without the revenue from CDM offsets All CDM baselines are set at the project level. Depending on the project, baselines can be set historical or projected data, using absolute or intensity baselines, and can be specified with reference to a standardised level. Baselines may also be modified to account for future increases in emissions where they are expected to rise above current levels in the host as a suppressed whether
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