Clean Development Mechanism

Current News in March-2006

•	ERUPT New Style: The cut-off date to submit PINs and PDDs extended up to 1st April 2006
•	€ 50 million Spanish Carbon Fund launched
•	Project participants can now open accounts in the CDM registry and make requests for forwarding of CERs
•	Total 146 projects Registered world wide
•	28 Indian Projects Registered
•	GTZ CDM- India addressed issues of centralized data collection and publication for electricity baselines and development of baseline methodologies for R&M of power plants and supercritical greenfield power plants
•	IGES CDM country guides China, India and Cambodia
•	CERs issued for 2 (1+2) Indian projects. Total CERs Issued from Indian Projects - 1,886,508
•	Danish Governments Programme for the Purchasing of Carbon Credits - 2006 Tenders Launched. Deadlines for submission of PINs: April 1, August 1 and November 1, 2006
•	EB Registers 40 Projects two months from 1st January to 28th February 2006
•	The Swiss Climate Cent Foundation has issued a call for proposals for a volume of 10 million CERs
•	The Methodology Panel’s new decision regarding “baseline selection too The Panel’s new “baseline selection tool” Consists of Three Steps: Step- 1: Define realistic and credible alternatives that are consistent with applicable laws and regulations Step- 2: Identify barriers and assess which alternatives are not prevented by these barriers. If more than one alternative remains, either the alternative with least emissions is chosen as baseline scenario or Step 3 is done. Step- 3: Investment analysis. If no revenues are generated, cost comparison can be done. The alternatives are compared and a sensitivity analysis done. If this does not give a clearly most attractive alternative, the one with the least emissions is the baseline scenario, otherwise the most financially or economically attractive one. While “consistency shall be ensured between the baseline scenario determination and additionality demonstration”, the additionality test is now de facto limited to a common practice test and the test of the impact of registration.)
•	India tops the Point Carbon’s list of “CDM Host Country Rating
•	CDM counter (February 2006) - Pending baseline methodologies: 69 - of which forestry: 7 - Approved and published baseline methodologies: 38 (including 9 consolidated ones) - of which forestry: 1 - Notified DNAs: 94 (75 host countries, 19 buyer countries) - Companies applying to become operational entity: 21 - Accredited operational entities: 12 -of which 3 for verification. - Host countries: 28 - Buyer countries: 13 - Issued CERs: 3.617 million -CER Price: 5-6 Euro for medium-risk forwards, ~8 Euro for low-risk forwards, ~11-14 Euro for registered projects, around 15 Euro for Gold Standard registered projects
•	China leads the expected average annual CERs generation (16,524,340 CERs annually from 6 projects)
•	World’s largest CERs generation project registered - “Shandong Dongyue HFC23 Decomposition Project” (10,110,117 - emission reductions per annum)

TOP