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egistration. [EB37, Annex 3, para. 3]<br />
The EB32 modified its process for considering proposed NMs to improve the efficiency of the<br />
methodology approval and its consideration by the panels/working groups. The new procedures<br />
provide the panels/working groups a more pro-active role in recommending methodologies for<br />
approval. The procedures provide for increased dialogue with the project participants to facilitate the<br />
methodological approval process. Furthermore, the EB shall only consider the cases put forward by<br />
the panels/working groups for approval or non-approval. [EB32, para. 33]<br />
For further details of the submission and approval process, refer “Procedures for the submission and<br />
consideration of a proposed new methodology (Version 13)” [EB37, Annex 3] available on the website<br />
[http://cdm.unfccc.int/Reference/Procedures/index.html].<br />
(3) Draft of a Project Design Document (PDD)<br />
Project participants need to draft a project design document (PDD), which describes the project<br />
activity as well as the application of the baseline and monitoring methodology to the project activity.<br />
Project participants should check with the CDM website for the most current version of the project<br />
design document (CDM-PDD). As of October 2008, CDM-PDD Version 03.2 is the most recent version.<br />
Chapter 3 explains in detail how to fill out a PDD.<br />
1.4.3 Approval by the Host Party and Investing Party(ies)<br />
The project activities for emission reduction or removal enhancement are required to obtain<br />
approvals of the Parties involved before they can be officially registered as CDM project activities. The<br />
Parties involved are normally both the Host Party and the Investing Party(ies), and the CDM project<br />
activities need to receive the approval from all Parties involved.<br />
The Party’s approval shall be the written approval of voluntary participation which was issued from<br />
the designated national authorities (DNAs), including confirmation by the Host Party that the project<br />
activity assists it in achieving sustainable development [CDM M&P, para. 40 (a)].<br />
The national procedures and process for the Party’s approval for CDM projects are decided by each<br />
Party. Those procedures could contain the criteria of sustainable development for the Party.<br />
While project participants have to receive written approval by the Parties involved, the timing to<br />
receive the approval can be quite flexible: project participants can attach the approval to their PDD<br />
on the occasion of the stage of project development, PDD development, or validation. However, the<br />
approval shall be attached before the request of the registration of the project activities as CDM.<br />
Since some Parties require validation before requesting for approval, project participants should<br />
closely check the approval procedures of the Parties involved.<br />
It is possible to register a CDM project activity in which there is no Annex I Party involved. Such<br />
project activities are called “unilateral CDM”, which means that approval by Annex I Party would not<br />
be necessary to register a CDM project activity. Annex I Parties can acquire CERs from a unilateral<br />
project activity after submitting a letter of approval regarding the project activity to the EB [EB18,<br />
para. 57]. Representatives of holding accounts of entities authorized by non-Annex I Parties to<br />
participate in the project activity shall make a request to forward CERs to accounts in national<br />
registries in order for an Annex I Party to acquire CERs [EB20, para. 71].<br />
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