29.10.2014 Views

PDF File - GEC

PDF File - GEC

PDF File - GEC

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

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 />

12

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!