Project - Carbon Finance at the World Bank

advertisement
“New” baseline and monitoring methodologies submitted to the CDM Executive Board for the April 15, 2003 deadline
The attached table contains a list of the submissions for approval by the CDM Executive Board of “new” baseline and monitoring
methodologies and the associated projects, including three World Bank projects. The table lists the project participants, the Applicant Entity
(validator) submitting the methodology, the proposed names of the new methodology and a brief explanation, and the UNFCCC deadline for
public comments (May 5 and later). The CDM Project Design Documents and related material are available from the UNFCCC/CDM
website; they can be accessed by clicking on the respective name of the projects given in the table. You may post comments on these
methodologies directly to the UNFCCC/CDM website (http://www.unfccc.int/CDM) as you see fit.
The new methodologies are currently undergoing a desk review by experts chosen for this purpose by the CDM Methodology Panel. The
CDM Executive Board is expected to make decisions during their June meeting, but not later than four months after the date of submission.
Project
NM 0001 - "Vale
do Rosario
Bagasse
Cogeneration
(VRBC) Project"
(Brazil)
NM 0002 "V&M do Brasil
Fuel Switch
Project" (Brasil)
Project
Participants
CDM
Consultant
AE/
Bl.
DOE appr.
Econergy Rasil
Açuacareira
Vale do
Rosário
Ecoenergy
TUVS
48a
48b
V&M do Brasil
IFC NCF
Toyota Tsusho
EcoSecurities
DNV
48a
+
48b
Baseline
methodology
(name)
Explanation / comment
The baseline scenario is
the published projected
Marginal energy
expansion plan. Combined
generation sources
(average of operating and
at the grid for
build) margin approach for
bagasse
determining the emission
cogeneration
factor for the baseline
scenario is proposed.
Behavioral
analysis of the
trends affecting the
Brazilian steel and
iron sector and its
economics, with
relation to the
project company
V&M do Brasil.
Monitoring
methodology
(name)
Two party
verifications plus
monitoring and
verification
indicators for
bagasse
cogeneration
project activities
The method shows that the
current
plantation/charcoal-based
production technology has
No names
become uneconomic and
provided (two
that therefore the baseline
methodologies)
is a shift to the only more
cost effective technology
(coke) or going out of
business.
Explanation /
comment
UNFCCC
comment
deadline
The generation of
electricity from
the project is
monitored. The
emission factor
appears to be
determined exante and fixed for
the crediting
period.
May 5,
2003
12:00 am
GMT
Process activity
level (output)
combined with:
(1) constant
emission factors
for coke
emissions, zero
May 5,
for charcoal
2003
emissions,
12:00 am
(2) emission
GMT
factors for old
and new
carbonization
technology, based
on control group
data.
Project
NM 0003 - "
Construction of
new methanol
production plant
(called: M 5000)
in the Republic
of Trinidad and
Tobago"
NM 0004 - "
Salvador da
Bahia Landfill
Gas Project"
(Brasil)
NM 0005 - "
NovaGerar
landfill Gas to
Energy Project"
(Brasil)
Project
Participants
Ferrostahl AG
(Germany)
Methanol
Holdings
(Trinidad)
CDM
Consultant
Hamburg
Institute of
International
Economics
AE/
Bl.
DOE appr.
TUVS
SUEZ
Environnement
ICF
DNV
VEGA S.A.
NCDF
(Netherlands)
EcoSecurities
World Bank
Carbon
Finance
EcoSecurities
DNV
48c
Baseline
methodology
(name)
Explanation / comment
The baseline methodology
is to use the carbon
intensity of top 20% of
Improvement of
methanol production
carbon intensity of
facilities over the past 5
new methanol
years to determine the
production plants
differential emission
based on steam
factor. This, and the
reforming
project activity level, is
used to determine the
emission reduction.
The baseline emission
level is defined by the
level of LFG capture
agreed to by contracted
company and local
government.
48b
+
48c
Legal obligation
for landfill gas
capture and flaring
defined through
public contract.
48b
The suggested
methodology uses the
internal rate of return
Simplified
(IRR), or the net present
financial analysis value (NPV), calculation
for an investment to assess the financial
project where
attractiveness of the
business-as-usual project and to determine
is the only other
whether the investment for
plausible
which the IRR has been
alternative scenario calculated is likely to be
made given the forecasted
rate of return from the
investment.
Monitoring
methodology
(name)
Explanation /
comment
UNFCCC
comment
deadline
Monitoring of
methanol
production
parameters
Project activity
levels (to
calculate CO2
emissions) are
monitored.
Average carbon
intensity of
similar plants is
calculated based
on secondary
data.
May 8,
2003
12:00 am
GMT
No name given.
It is pointed out,
however, that the
methodology is a
refined version of
the one that ICF
developed for the
PCF in the Latvia
Liepaja LFG
Project.
The methodology
is commonly
used in landfills
with gas to
energy plant
May 6,
2003
12:00 am
GMT
Direct monitoring
and calculation of
ERs in landfill gas
utilization or
flaring projects
The methodology
is commonly
used for landfill
gas-to-energy
projects (see NM
0010)
May 6,
2003
12:00 am
GMT
Project
NM 0006 - "
Guatemala El
Canada
Hydoelectric
Project"
(Guatemala)
Project
Participants
PCF
EnergiaGlobal
INEOS Fluor
NM 0007 - "
Japan
HFC
Decomposition
Foosung Tech
Project in Ulsan" Corporation
(South Korea)
Korea
NM 0008 "Peñas Blancas
Hydroelectric
Project" (Costa
Rica)
CDM
Consultant
PCF
Consultant
Climate
Experts
(Japan)
AE/
Bl.
DOE appr.
DNV
Japan
QA
Assoc.
Costa Rica
OCIC
DNV
Explanation / comment
48b
The baseline is the
country’s electric system
plus its expansion.
A cost comparison
Least cost analysis
($/kWh) with a suitable
of power capacity
plant of similar operational
expansion
characteristics shows that
the project is more
expensive and is therefore
not part of baseline.
48a
+
48b
Methodology for
decomposition of
HFCs in a nonregulated country
The suggested
methodology assumes that
the added costs of
destruction of industrial
gases creates an economic
disincentive to prevent
their emission to the
atmosphere and that
therefore business as usual
is the baseline.
48a
+
48b
The baseline is expressed
as a (10-year) fixed grid
CERUPT Dispatch emission factor,
Analysis
determined using a
Methodology for
dispatch model and
Grid-Connected
expected operational
Electricity Projects conditions and capacity
additions (key factor
analysis).
ICE
CERUPT
Baseline
methodology
(name)
Monitoring
methodology
(name)
Explanation /
comment
Monitoring of
dispatch data to
be used to
Marginal dispatch
calculate
analysis in
emissions
integrated electric
associated with
power systems
power not
dispatched due to
the project.
Monitoring
methodology for
decomposition of
HFCs in a nonregulated country
UNFCCC
comment
deadline
May 6,
2003
12:00 am
GMT
Direct monitoring
May 8,
and calculation
2003
of the amount of
12:00 am
destructed
GMT
industrial gases.
Monitoring of the
project’s electric
CERUPT
output and (if
monitoring
any) the project’s
methodology for emissions and
grid-connected
leakage, used
electricity projects with the grid
emission factor to
calculate ERs.
May 8,
2003
12:00 am
GMT
Project
NM 0010 "Durban
Landfill-gas-toelectricity
project" (South
Africa)
NM 0011 - "26
MW Bagasse /
Biomass based
Cogeneration
Power Project"
(India)
NM 0012 Wigton Wind
Farm project
(Jamaica)
Project
Participants
CDM
Consultant
Monitoring
methodology
(name)
Explanation /
comment
UNFCCC
comment
deadline
48b
The baseline is the BAU
Cost and
scenario (landfills),
investment
determined by excluding
analysis for
other options and
electricity autocomparing the project’s
generation (e.g. by power generation costs
municipalities)
with the (expected) tariff
paid by the municipality.
(1) Direct
monitoring and
calculation of ERs
in landfill gas
utilization or
flaring projects.
(2) Use of average
annual carbon
emission intensity
factor for the grid.
(1) Direct and
indirect metering
of landfill gas /
CH4 combusted
or flared. (= NM
0005)
(2) Use of
method depends
on appropriate
grid and project
characteristics
and published
grid emissions
and power output
data.
May 9,
2003
12:00 am
GMT
48a
The baseline scenario is
based on the officially
The weighted
published expansion plan
average emissions relevant to the province in
of current
which the project is
generation mix
located. Projected
excluding
generation from the power
historically
plants in the expansion
identified must run plan (eliminating the mustprojects
run power plants) is used
to determine emissions
from the baseline scenario.
Baseline
emissions are
Electricity
fixed ex-ante
generation from
based on
the project will be
expected
monitored.
projected
Baseline
generations and
emissions are not
selected emission
monitored.
factors from
operating plants.
May 9,
2003
12:00 am
GMT
48a
Recent capacity addition to
the existing grid is
proposed as the baseline. It
Recent additions to
is not clear if future
the grid. PDD also
capacity addition are
states that the
envisaged and included in
methodology
the baseline scenario.
resembles the
Capacity additions over
approach in
the past 5 years are used to
paragraph 48(c).
estimate the weighted
average emission factor for
the baseline scenario.
The emission
factor for the
baseline scenario
(the Jamaican
Direct monitoring grid without the
of electrical
project) is
output of wind
determined exfarms
ante and it
appears will not
be monitored or
determined ex
post.
May 9,
2003
12:00 am
GMT
AE/
Bl.
DOE appr.
Durban
Municipality
PCF
PCF
Consultant
TUVS
South Africa
SCM Sugars,
India
Unspecified
consultants
TUVS
India
Renewable
Energy
Systems (RES)
RES and
Petroleum Corp
EcoSecurities
of Jamaica
NEC Micon
Jamaica
SGS
Baseline
methodology
(name)
Explanation / comment
Project
Project
Participants
CDM
Consultant
Explanation / comment
Monitoring
methodology
(name)
Official data used to
establish the weighted
average CO2 emissions of
the grid on an ex-post
basis.
Monitoring
emissions from
biomass power
generation using
direct
measurements and
commercial
records
The approach
uses a mix of
official power
May 9,
statistics and
2003
standard emission
12:00 am
factors. Heavy
GMT
reliance on
commercial
records.
48a
Displacement of
steam generated
from the
combustion of
fossil fuels: Energy
balance calculation
for displaced steam
where the
displaced fuel(s)
and
technology(ies) are
known.
The baseline is the
emissions from
combustion of fuels
needed to produce steam
Monitoring
emissions from
biomass steam
generation using
direct
measurements and
commercial
records
The approach
uses a mix of
official power
May 9,
statistics and
2003
standard emission
12:00 am
factors. Heavy
GMT
reliance on
commercial
records
48a
Estimation of
emission
reductions from
uncontrolled
biomass disposal
where BAU is
open air burning.
Baseline is uncontrolled
burning of biomass. The
methodology is intended
for projects that reduce
emissions from dumping
or uncontrolled burning
that would otherwise
occur.
Monitoring
emissions from
biomass energy
generation and
methane
avoidance.
The approach
uses a mix of
official power
May 9,
statistics and
2003
standard emission
12:00 am
factors. Heavy
GMT
reliance on
commercial
records
AE/
Bl.
DOE appr.
A.T. Biopower
NM 0009 - AT
Biopower Rice
Husk Power
Project in
Thailand Displacement of
grid electricity
NM 0014 - AT
Biopower Rice
Husk Power
Project in
Thailand Displacement of
steam
NM 0015 - AT
Biopower Rice
Husk Power
Project in
Thailand Methane
avoidance
Mitsubishi
Securities
Rolls-Royce
Mitsubishi
Securities
DNV
48a
Al Tayyar
Energy
See NM 0009
See NM 0009
See NM 0009
See NM 0009
Baseline
methodology
(name)
Displacement of
grid electricity:
Retrospective
annual application
of weighted
average carbon
emission factors
calculated from
actual official data.
Explanation /
comment
UNFCCC
comment
deadline
Download