these If a CDM New methodologies. project is methodologies transitioning can also be While the to CCER, the proposed; for registered example, by CCER offsets are eligible for CDM project project use in the must first be developers or withdrawn research seven ETS pilots, their use from the institutions, is limited to CDM, and which would between five then an also need to be and 10 per cent application approved by can be made the NDRC. of compliance obligation. for entry into the CCER 175 Two wind scheme. methodologies power projects However, if have been the registered have been approved as approved, CDM project CCER has already methodologies, three CDM projects are issued 171 of these under review credits, it are adapted would not be for transition from the to the CCERs, eligible for CDM. CCERs. and about 60 projects, mostly relating to and energy efficiency projects, are currently under review. Sources: Carbon Market Watch 2013, Climate Bridge 2013, 2013b; The Climate Group 2012; NDRC website; NDRC 2013; Yin, D 2013. Scheme Description Eligibility Additionality Baseline and coverage setting PAT is a Both the There are no PAT sets mandatory penalty and specific baselines at Achieve national credit additionality the facility Trade components tests in the level, and is (PAT) of PAT PAT scheme. established on mechanism. cover eight the average of It will major sectors three years
these methodologies. While the CCER offsets are eligible for use in the seven ETS pilots, their use is limited to between five and 10 per cent of compliance obligation. Two wind power projects have been approved, three CDM projects are under review for transition to the CCERs, and about 60 projects, mostly relating to and energy efficiency projects, are currently under review. If a CDM project is transitioning to CCER, the registered CDM project must first be withdrawn from the CDM, and then an application can be made for entry into the CCER scheme. However, if the registered CDM project has already issued credits, it would not be eligible for CCERs. New methodologies can also be proposed; for example, by project developers or research institutions, which would also need to be approved by the NDRC. 175 methodologies have been approved as CCER methodologies, 171 of these are adapted from the CDM. Sources: Carbon Market Watch 2013, Climate Bridge 2013, 2013b; The Climate Group 2012; NDRC website; NDRC 2013; Yin, D 2013. Scheme Description Eligibility and coverage Additionality Baseline setting Achieve Trade (PAT) PAT is a mandatory national mechanism. It will Both the penalty and credit components of PAT cover eight major sectors There are no specific additionality tests in the PAT scheme. PAT sets baselines at the facility level, and is established on the average of three years
CCA_CFIStudyPublicReportHTMLAppendixA.docx