Presented by: Lex de Jonge

1
Clean Development Mechanism EB perspective on
recent developments, with a focus on Registration
and Issuance Presented at QA session SBSTA 13
June 2008
Presented byLex de Jonge Vice-Chair CDM
Executive Board
2
Some key figures and recent developments

• Number of registered projects 1078
• CERs issued so far 0,15 billion
• CERs expected from registered projects 1,28
  billion
• CERs expected from existing pipeline to end of
  2012 2,7 billion
• First request for renewal of crediting period
  published
• Registration fee abolished for LDCs
• CDM registry fully connected to ITL and CERs
  being forwarded to the national registries of
  Annex I Parties
• 2 PoAs currently undergoing validation

3
Some key elements for a successful CDM

• Availability methodologies not the main
  bottleneck anymore
• 114 methdologies are available now
• Increasing number of tools to support
  standardizing
• Continued influx of new methodologies, also for
  SSC
• Additionality Tool
• Widely used and accepted, but sometimes misused
• Board works on stepwise improvements (EB39
  released version 5)
• Guidance on the preparation and assessment of
  investment analysis published at EB 39
• Despite external criticizm on additionality of
  projects, so far no proposals from the public for
  new approaches
• VVM draft version is out and public input to be
  discussed next at EB41
• CDM as a whole is based on a learning by doing
  process ? EB adapts to
  changes over time and if necessary revises
  standards

4
Work actually underway

• Continued assessment of the efficiency of the
  review procedures, taking into account executive
  role of EB
• Work on the overall assessment of the CDM
  timelines with a view to accelerate the process
  where possible (Secretariat as well as DOEs)
• Further guidance on the reporting of ongoing
  validation activities to be considered by the EB
• Standardized formats for modalities of
  communication to be considered by EB
• Continued work to promote the equitable regional
  distribution of CDM project activities, including
  with partner agencies via the Nairobi Framework
• Accreditation of DOEs
• Promote applications from potential entities, in
  particular from developing countries
• Development of a document on elaboration of
  accreditation standards for DOEs to provide
  guidance on requirements for accreditation
• Development of VVM to guide DOEs

5
Experience registration of CDM projects

• Since April 2007 strong improved support EB by
  UNFCCC Secretariat ?
• enabled by increased resources on request of the
  CoP
• strong increase requests for review and
  rejections
• registrations may in exceptional cases still be
  inconsistent, due to applicable Kyoto regulations
• Rejections mainly caused by additionality,
  incorrect use of methodology and incorrect
  monitoring
• EB considering guidance for situations in which
  implemented CDM projects may differ from the
  project description in the registered PDD
• Early started projects are a concern for EB
  (evidence of serious consideration of CDM at
  project starting date)
• 5 consecutive opportunities to obtain
  registration
  ? a built-in appeal procedure as well as a
  quality measure

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Procedures for registration (similar for issuance)

• Project Proponent (PP) prepares PDD DOE
  validates ( chance 1)
• Completeness check UNFCCC Secretariat ( chance
  2)
• RIT member assessment PDD sent to UNFCCC
  Secretariat
• Secretariat advices EB (Summary Note RIT
  advice)
• EB members may decide to request for a review
  (RfR)
• In case of RfR PP/DOE are notified about reason
  invited to comment
• Response PP/DOE sent to Secretariat ( chance
  3)
• Secretariat advices EB and EB decides at first
  next meeting
• If EB decides for review PP/DOE are notified and
  invited to respond to detailed
  questions EB Review Team ( chance 4)
• Responses discussed at next EB, based on
  Secretariat advice RIT input
• Sometimes EB decides to register conditional (
  chance 5)

7
Thank you for your attention!

• Time for questions answers