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Validation and registration Verification and issuance

Validation and registration Verification and issuance. Technical Workshop on CDM Paramaribo, 20 June 2008 Adriaan Korthuis. Contents. Validation Registration Verification Issuance. Project development. PHYSICAL PROJECT DEVELOPMENT. PROJECT IDEA. FEASIBILITY STUDY. FINANCING.

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Validation and registration Verification and issuance

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  1. Validation and registrationVerification and issuance Technical Workshop on CDM Paramaribo, 20 June 2008 Adriaan Korthuis

  2. Contents • Validation • Registration • Verification • Issuance

  3. Project development PHYSICAL PROJECT DEVELOPMENT PROJECT IDEA FEASIBILITY STUDY FINANCING CONSTRUCTION OPERATION CDM / JI DEVELOPMENT MAKE PDD VALIDATE REGISTER MONITOR VERIFY ISSUE CERs USE OR MAKE METHODOLOGY STAKEHOLDER COMMENTS LETTER OF APPROVAL TEST ADDITIONALITY STAKEHOLDER COMMENTS COMMERCIAL DEVELOPMENT SELECT BUYER NEGOTIATE ERPA DELIVER CERs PREPARE PIN and TERM SHEET SELECT BUYER SELL AND DELIVER GENERATE CERs

  4. Validation: check of the PDD by a Designated Operational Entity (DOE), • Document review • Check of the PDD • Check of the underlying documents • Site inspection • Check if PDD reflects real situation • Check if monitoring plan is implemented • Interview local stakeholders • International stakeholder comments on PDD – 30 days • Publish PDD on website UNFCCC • Check monitoring and QA/QC procedures

  5. What does the validator look for? • Additionality • Application of the methodology • Identification of the baseline scenario • Accuracy, completeness and suitability of monitoring plan • Adequacy of local stakeholder consultation • Analysis of the environmental impacts • Completeness of the PDD

  6. CLs, CARs and FARs • CL: Clarification Request • Presented information is insufficient or not transparent. Project participant has to provide additional information • CAR: Corrective Action Request • Mistake has been made • PDD does not reflect real situation • Emission reductions overestimated • Project participant has to change PDD • FAR: Forward Action Request • Recommendation of validator to check aspects of project implementation during verification

  7. Registration: acceptance by the EB of the project as being a CDM Project Activity • DOE submits Request for Registration to UNFCCC Secretariat: • PDD • Validation report • Letter of Approval Host Country • Letters of Approval Annex I countries, if applicable • Pay Registration Fee (through the DOE): • USD 0.10 per CER for the first 15,000 CERs of annual average forecast • USD 0.20 per CER for any consequent CER • After check for completeness, documents are published on UNFCCC web • Parties and EB members can request review • If no review is requested: automatic registration after eight weeks • If review is requested: EB will discuss request in its next meeting. If they decide to review, a commission of the EB will investigate the project and report. EB will decide to register, or reject the project, based on the review report

  8. Project development PHYSICAL PROJECT DEVELOPMENT PROJECT IDEA FEASIBILITY STUDY FINANCING CONSTRUCTION OPERATION CDM / JI DEVELOPMENT MAKE PDD VALIDATE REGISTER MONITOR VERIFY ISSUE CERs USE OR MAKE METHODOLOGY STAKEHOLDER COMMENTS LETTER OF APPROVAL TEST ADDITIONALITY STAKEHOLDER COMMENTS COMMERCIAL DEVELOPMENT SELECT BUYER NEGOTIATE ERPA DELIVER CERs PREPARE PIN and TERM SHEET SELECT BUYER SELL AND DELIVER GENERATE CERs

  9. Verification: check of the monitoring report by a Designated Operational Entity (DOE) • Desk review • presented data • Monitoring plan and monitoring methodology • QA/QC system • Site inspection • Check if project is in accordance with PDD • Interviews with key personnel • Cross-check of real data with monitoring report • Check monitoring equipment • CLs, CARs and FARs • Finalisation of verification report

  10. What does the verifier look for? • Compliance of real situation with PDD • Correct implementation of the monitoring plan • Monitored parameters • Calculations • Monitoring procedures, including calibration of instruments

  11. If monitoring is not in compliance

  12. Issuance: the CDM Executive Board issues CERs to registry accounts of project participants • DOE submits Request for Issuance to EB: • Monitoring report and supporting documents • Verification report • Certification statement • “Issuance instruction” by Project Participants • Pay Share of Proceeds • USD 0.10 per CER for the first 15,000 CERs per year • USD 0.20 per CER for any consequent CER • After completeness check, documents are published on UNFCCC web • Parties and EB members can request review • If no review is requested: automatic registration after 15 days • Review: comparable to validation process

  13. Contact details • Adriaan Korthuis • Phone +31 10 217 5993 • E-mail a.korthuis @ climatefocus.com • www.climatefocus.com

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