| CDM Projects |
| Eco
Energy Rating Ltd has developed a platform to act as an
interface between Hosts and investing partners. Here we
have described the initial procedure based on six steps
between the both parties. |
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01. Develop a CDM Project activity.
02. Approval by the Host & Investing Parties.
03. Validation and registration of the CDM project activities.
04. Monitoring of the CDM project.
05. Verification, certification & Issuance of CER’s.
06. Distribution of CER’s. |
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| 01. Develop a CDM Project activity |
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Consider various conditions associated with developing a
CDM project activity from the project planning stage.
Draft a Project Design Document (CDM-PDD) with all
required elements. |
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| 02. Approval by the Host & Investing Parties |
|
Project participants obtain written approval of
voluntary participation from the Designated National
Authority (DNA) of each Party involved regarding the
project activity that project participants wish to
implement as a CDM project activity.
Project participants should confirm with the host and
investing parties regarding the approval process. |
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| 03. Validation and registration of the CDM project activities. |
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In
order to go through validation, project participants
should use the methodologies approved by the EB. If no
approved methodology can apply to the proposed project
activity, project participants must propose a new
methodology for the project and have it approved by the
EB.
Validation is the process of independent evaluation of a
project activity by a DOE, selected by the project
participants, against the requirements of the CDM on the
basis of the project design document (CDM-PDD)
Registration is the formal acceptance of a validated
project as a CDM project activity.
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| 04. Monitoring of the CDM project. |
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Project participants implement the CDM project activity
and carry out proper monitoring necessary for
calculation of GHG emission reductions, in accordance
with the monitoring plan written in the PDD. |
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| 05. Verification, certification & Issuance of CER’s. |
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Project participants report to the DOE the results of
monitoring of the CDM project activity and calculated
emission reductions based on the results of monitoring
activity.
DOE verifies the results of monitoring and the resulting
emission reductions.
DOE certifies the emission reductions based on the
results of verification.
The EB issues CERs equal to the verified amount of GHG
emission reductions.
It is possible for a project activity, which met certain
conditions, to have CERs issued for emission reductions
starting as of the year 2000. |
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| 06. Distribution of CER’s. |
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2% of the
CERs will be deducted as the share of proceeds to assist
developing country parties that are particularly
vulnerable to the adverse effects of climate change.
The share of proceeds to cover administrative expensed
to the CDM will be deducted.
Remainders of the CERs are to be distributed among
project participants. |
