PDF File - GEC
PDF File - GEC
PDF File - GEC
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Sub-bundle is defined as an aggregation of project activities within a bundle having the<br />
characteristics that all project activities within a sub-bundle belong to the same type [CDM Glos.<br />
version 04, page 29].<br />
Box 2-1: What does “same technology/measure” mean?<br />
“Same technology/measure” is often used in the SSC, especially when considering bundling.<br />
At EB26, the term was defined as follows:<br />
(a) Two different project activities will be considered to be applying the same technology<br />
if they provide the same kind of output and use the same kind of equipment and<br />
conversion process.<br />
(b) Two different project activities will be considered to be using the same measure if they<br />
constitute the same course of action and result in the same kind of effect (e.g. two<br />
projects using the same management practice such as fuel switch). [EB 26, para. 62]<br />
The benefits of bundling are as follows:<br />
(a) Reduction of project development costs<br />
(b) Reduction of Engineering, Procurement and Construction (EPC) costs<br />
(c) Reduction of Operation and Maintenance costs (O&M)<br />
(d) Reduction of transaction costs (general and CDM)<br />
(e) Increase of total investment volume<br />
Table 2-2 Information on bundling of SSC project activities<br />
General characteristics<br />
Project activities wishing to be bundled shall indicate this when making the request for registration.<br />
Project participants shall at registration provide a written statement along with the submission of the bundle<br />
indicating:<br />
• That all project participants agreed that their individual project activities are part of the bundle;<br />
• One project participant who represents all project participants in order to communicate with the EB in<br />
accordance with approved Modalities and Procedures for Communication.<br />
Composition of bundles<br />
The composition of bundles shall not change over time (i.e. the submission of project activities to be used<br />
in a bundle shall be made at the same time). A project activity shall not be taken out of a bundle nor shall a<br />
project activity be added to the bundle after registration.<br />
Crediting period<br />
All project activities in the bundle shall have the same crediting period (i.e. the same length and same<br />
starting date of the crediting period).<br />
Modalities and procedures<br />
Each SSC project in the bundle should comply with the simplified modalities and procedures for SSC project<br />
activities and use an approved simplified baseline and monitoring methodology included in Appendix B of<br />
the simplified modalities and procedures for SSC project activities.<br />
Submission to the EB<br />
Bundled project activities shall be submitted in a single submission to the EB and pay only one fee<br />
proportional to the amount of expected average annual emission reductions of the total bundle;<br />
Request for review<br />
If three EB members or a Party involved in a component project activity requests the review of the component<br />
project activity, the total bundle remains under review and the implications and recommendations on the<br />
review of project activity shall lead to a decision by the EB to register or not register the bundle.<br />
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