Summary of day 1

1
Summary of day 1
2
What is CDM
3
The larger framework
4
CDM principle
Pay certificates
Reduce emissions
Use certificates tooffset emissions
Sell emission reduction certificates
5
CDM governance
6
Project development
PHYSICAL PROJECT DEVELOPMENT
PROJECT IDEA
CONSTRUCTION
FINANCING
FEASIBILITY STUDY
OPERATION
CDM / JI DEVELOPMENT
MAKE PDD
REGISTER
VALIDATE
ISSUE CERs
VERIFY
MONITOR
USE OR MAKE METHODOLOGY
STAKEHOLDER COMMENTS
APPROVAL
TEST ADDITIONALITY
STAKEHOLDER COMMENTS
COMMERCIAL DEVELOPMENT
NEGOTIATE ERPA
SELECT BUYER
PREPARE TERM SHEET
DELIVER CERs
7
Designated National Authorities - DNAs

• Roles (1)
• Evaluation and Approval
• Adoption of international eligibility criteria
  (Marrakech Accords)
• Establishment of national criteria
• Accomplishment of national and sectoral policies
  and legislation
• Guarantee national stakeholders participation
• Special consideration to stakeholders comments
• Technical and economical feasibility of the
  projects
• Environmental viability
• Issuance of an approval letter declaring
  voluntary participation and SD contribution

8
Designated National Authorities - DNAs

• Roles (2)
• National CDM Policy and strategy formulation
• Local capacity development for CDM public/private
  project proponents
• Identification of CDM projects and formulation of
  PDDs
• Baseline methodologies and additionally criteria
• Emission reduction calculation
• Monitoring protocols for project performance
  (e.g. SD)
• Carbon market and bilateral agreements

9
Ministerie van ATM
Milieu Sektie (DNA)
CDM-office
Beleidsfunctie
Promotie functie
Externe deskundigen (NH, RGB, LVV, OW)
Promotion office NIMOS
Voorlichting ATM
Klimaat Unit
NIMOS
10
CDM pipeline development - Countries
11
Price development quality determines value
Source Perspectives GmbH
12
Conclusions

• Carbon market is wide playing field
• Large number of projects
• Large number of players
• Complex politics
• Sharp increase in the past two years
• More projects
• Increased trade
• Considerable number of issues under development
• Project wise
• Policy wise