Presented by: Lex de Jonge Vice-Chair CDM Executive Board

1. Clean Development Mechanism EB perspective on recent developments, with a focus on Registration and Issuance Presented at: Q&A session SBSTA 13 June 2008 Presented by:Lex 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

6. 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