The UN has rejected three CDM projects and put many others into the review process.
Two of the projects given the thumbs down at last week’s executive board (EB) meeting relate to waste heat recovery at China-based cement plants, with Climate Change Capital named as a project participant.
They were earmarked to generate a combined total of 506,904 CERs by the end of 2012, worth around €5.8 million ($7.2 million) in today’s prices.
The third rejected project is a run-of-the-river hydro plant, owned by Heishui Sanlian Hydropower Development, which is forecast to produce some 115,872 CERs by the end of 2012.
The board has come under increasing criticism from project developers who see the project review and rejection process as arbitrary and unaccountable.
In an effort to make the process more transparent, the EB agreed at last week’s meeting to enable public input on appeals procedures.
Thirteen projects were also placed under a review, a procedure that could lead to eventual rejection if the board is not satisfied after its further considerations of the project.
These are forecast to generate a combined total of more than 8 million CERs by 2013, and of these six are China-based hydro projects, suggesting questions surrounding the additionality of these types of projects have not yet been resolved.
The board also registered 39 projects with corrections, which means they must provide more data to ensure they gain final approval.
Twenty-three of the projects placed in this category are also China-based hydro projects.
By Susanna Twidale – st@pointcarbon.com
London
Nenhum comentário:
Postar um comentário