contribute to forestry and a barrier demand the PoA projects. analysis baseline. UNFCCC’s overall The eligibility whether there Instructions objective to are requirements for for setting stabilise large-scale significant baselines are global projects are: barriers to the set out in project in the methodologies. of GHGs the country absence of CDM to assist CDM methodologies hosting the Annex I project has a common can be Parties practice developed by met the (developed) participation project to meet their requirements operators or Kyoto emissions other agents, stakeholders targets at a have been performance and must be lower cost. consulted to common approved by practice—or the the CDM a Executive test. Board. Some and projects are Small-scale methodologies undertaken in impacts of projects are are also required to developing the project developed by countries have been address one the Secretariat I), which of the to the CDM considered following generate emissions Executive credits. Projects reductions simplified Board. are issued tests: are Certified additional investment Baseline Emission baseline, methodologies Reductions monitoring are regularly (CER) (offset and attractive credits) for each alternatives verification are tonne of CO2-e to the project applied to new they abate. comply would have projects led to higher CERs can be with adopting the purchased by requirements emissions methodology I the project or to existing countries to complies projects meet their with all barrier—no undergoing access to Kyoto targets. other renewal. relevant appropriate Crediting capital As of 31 requirements periods for without January 2014, CDM project there were consideration activities are of the CDM 7,426 registered Small-scale set at either projects, which projects must revenue seven years have had (repeatable meet the same
requirements contribute to the UNFCCC’s overall objective to stabilise global of GHGs to assist Annex I Parties (developed) to meet their Kyoto targets at a lower cost. projects are undertaken in developing countries I), which generate credits. Projects are issued Certified Emission Reductions (CER) (offset credits) for each tonne of CO2-e they abate. CERs can be purchased by I countries to meet their Kyoto targets. As of 31 January 2014, there were 7,426 registered projects, which have had forestry and PoA projects. The eligibility requirements for large-scale projects are: the country hosting the project has met the participation requirements stakeholders have been consulted the and impacts of the project have been considered emissions reductions are additional baseline, monitoring and verification comply with requirements the project complies with all other relevant Small-scale projects must meet the same a barrier analysis there are significant barriers to the project in the absence of CDM a common practice emissions performance to common practice—or a test. Small-scale projects are required to address one of the following simplified tests: investment attractive alternatives to the project would have led to higher emissions barrier—no access to appropriate capital without consideration of the CDM revenue demand baseline. Instructions for setting baselines are set out in methodologies. CDM methodologies can be developed by project operators or other agents, and must be approved by the CDM Executive Board. Some methodologies are also developed by the Secretariat to the CDM Executive Board. Baseline methodologies are regularly are applied to new projects adopting the methodology or to existing projects undergoing renewal. Crediting periods for CDM project activities are set at either seven years (repeatable whether
CCA_CFIStudyPublicReportHTMLAppendixA.docx