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Clean Development

Mechanism (CDM)

Overview, DNA process and Current Project Activities

Philippine Designated National Authority for CDM

OVERVIEW

OUTLINE� Background (UNFCCC, KP)

� Clean Development Mechanism (CDM)

� Conditions for CDM Project Activities

� Additionality

� CDM Actors

� CDM Project Activity Cycle and Timescale

� Crediting Period

� Certified Emission Reductions (CERs)

� Programmatic CDM

� Carbon Market

24.8

25.0

25.2

25.4

25.6

25.8

26.0

26.2

26.4

26.6

26.8

1900 1910 1920 1930 1940 1950 1960 1970 1980 1990 2000

Te

mp

er

at

ur

e (

oC

)

Greenhouse Gases:Greenhouse Gases:

••(CO(CO22) Carbon dioxide) Carbon dioxide

••(CH(CH44) Methane 21 (GWP) ) Methane 21 (GWP)

••(N(N220) Nitrous oxide 3100) Nitrous oxide 310

••((PFCsPFCs) ) PerfluorocarbonsPerfluorocarbons 65006500--92009200

••((HFCsHFCs) ) HydrofluorocarbonsHydrofluorocarbons 140140--1170011700

••(SF(SF66) ) SulphurSulphur hexafluoride 23900hexafluoride 23900

Philippine Temperature:Philippine Temperature:Global Temperature:Global Temperature:

History:History:

••1979 1979 –– First World Climate ConferenceFirst World Climate Conference

••1992 1992 –– UNFCCC text adoption and UNFCCC text adoption and

Earth SummitEarth Summit

••1995 1995 –– Conference of Parties (COP) IConference of Parties (COP) I

••1997 1997 –– Kyoto Protocol adoptionKyoto Protocol adoption

••2001 2001 –– MarrakeshMarrakesh AccordsAccords

••2005 2005 –– Entry into Force (KP)Entry into Force (KP)

UNFCCCNoting that:

� the LARGEST SHARE of historical and current GHG emissions originated in developed countries,

� the PER CAPITA EMISSIONS in developing countries are still relatively LOW and

� the share of global GHG emissions from developing countries will GROW to meet their social and development needs,

Developed countries:

� have the obligation to take the lead in combating climate change and the adverse effectsthereof &

� have commitments to provide financial resources, including for the transfer of technology, fordeveloping countries

CSE India presentation

KyotoProtocol: Taking Root� 182 Countries & the EEC have

ratified (as of 16 October 2008) = 63.7% of total carbon dioxide emissions, 1990 as the base yr

� Entered into Force on 16 Feb ’05

� Developed countries to implement domestic domestic policies and measures to achieve the mandatory targets

� Three (3) innovative mechanisms supplementalsupplemental to domestic action:

- Joint Implementation

- Emission Trading

A legally binding instrumentthat strengthens the UNFCCC by committing developed countries which have accepted it to individual, quantified GHG emission and limitation targets(an average total cut in GHG emissions of 5% from 1990 levels for the period 2008-2012)

-- Clean Development MechanismClean Development Mechanism

or CDMor CDM

Clean Development MechanismSince the atmosphere is equally damaged by GHG emissions wherever they happen and equally helped by cutbacks in emissions wherever they are made, the CDM, as a market-based flexibility mechanism:

� allows Annex I countries to earn “certified emission reduction units (CERsCERs)” that can be applied to partiallypartiallymeetmeet their GHG reduction commitments under the KP

� whenever they undertake GHG-reducing projects that contribute to sustainable developmentsustainable development in a non-Annex I Party, where land, technology and labor are less costly, &

� concomitantly result in real, measurable, verifiable real, measurable, verifiable and longand long--termterm GHG reductionsGHG reductions that are additionaladditional to any that would otherwise occur

Annex I Countries / Parties:UNFCCC Annex I list -developed countries including Economies in Transition

NON-Annex I Countries / Parties:developing countries not bound by emission reduction targets

CDM as a Market-based Mechanism

FOR Annex 1 countries:

� Enables developedcountries to meet their emission reduction commitments in a flexible and cost-effective manner

� As investors, developed countries benefit by obtaining Certified Emission Reduction units (CERs) for KP partial compliance

FOR non-Annex 1 countries:

� Assists developingcountries in meeting their sustainable development objectives

� As host countries, developing countries benefit in the form of investment, access to cleaner and better technology, and sustainable development

CER: A special product

� CER is a form of payment for the Project Proponent not to produce

- BUT to reduce GHG emissions

� Thus, the importance of special requirements

- Definition of baselines

- Calculation of net GHG emission reductions

- Monitoring of GHG emission reductions

Conditions for CDM Projects� Assist Non-Annex I Parties in achieving SD� Additional if GHG emissions are reduced below those that

would have occurred in the absence of the registered CDM project activity

� Annex I Parties are to refrain from using CERs generated from nuclear facilities to meet their quantified GHG reduction targets

� Public funding from Annex I Parties must not result in the diversion of ODA and separate from and not counted towards their financial obligations under the UNFCCC and KP

� LULUCF project activities presently limited to Afforestationand Reforestation

* PDD, Validation Report and Letter of Approval from Host Country are required in order to be registered as a CDM project activity

Official Development Assistance

� No Diversion of ODA is allowed

� Annex I countries shall not divert ODA funds that previously have been directed to other purposes in the respective host country

� Not diverted for the purchase of CERs from a CDM project and

� Public funding is to be separate from and not counted towards the financial obligations of those Parties

� Such evidence should be given by the Annex I country

� Must be able to prove that a project requires CDM assistance even with favorable loan conditions

� CDM Status often helps in financing

� A GHG-reducing project becomes more attractive to equity and debt investors

Additionality

Interpretation:

� The CDM status will be given only to those projects which cannot be implemented without it

� Those projects which can/will be carried out in the course of regular business (Business-As-Usual or BAU projects) are DISqualified.

� CERs are an incentive to encourage developers to undertake GHG mitigation projects that do not happen under usual circumstances

� CERs are NOT offered as a reward for accomplishing GHG mitigation, no matter how much GHG reduction a project achieves

Requirements for

participation in the CDM:

� Participate voluntarily

� Establish a National CDM Authority

� Ratify the Kyoto Protocol

CDM Actors

� Project Participants (PP)� Participation in CDM is voluntary

� PP is a Party involved, &/or a private &/or public entity authorized by a Party involved to participate

� Designated National Authority (DNA)� Requirement for country Parties who intend to participate in

CDM, for the purpose of authorizing the voluntary participation of each PP.

� Written approval from host country DNA must also include confirmation by host Party that project assists it in achieving sustainable development: details of approval procedure up to each Party

� Facilitators and Advisers� Consultants/professionals who provide technical assistance in

developing a project as a CDM project activity

� Banks or other facilities that help in facilitating the process through investor matching, brokering / selling your project activity’s CERs

CDM Actors� Conference of the Parties serving as the meeting of the Parties to the Kyoto Protocol (COP/MOP)Among other functions, the COP/MOP:

� Has authority over and provides guidance to the CDM� Decides on the designation of operational entities accredited

by EB

� CDM Executive Board (EB)� Supervises the CDM, under the authority and guidance of the

COP/MOP� Comprises 10 members from Parties to KP representing 5 UN

regional groups for a period of 2 yrs., with alternates for eachmember, and are nominated by relevant constituencies and elected by the COP/MOP

� Designated Operational Entity (DOE)� Either a domestic legal entity or an international organization

accredited and designated, on a provisional basis until confirmed by the COP/MOP, by the EB

� Validates & requests registration of a proposed project� Verifies emission reductions of a registered project, certifies

and requests EB to issue CERs

CDM Project Activity Cycle

Annex IParty

Host Country –Non-Annex I Party,

e.g. Philippines

National Approval

Project ImplementationProject Implementation

Stakeholder / Public Stakeholder / Public ConsultationConsultation

CDM Cycle – Project Development� Project Activity Design

� Project Participants check conditions for CDM, conduct stakeholder consultations & determine contribution to sustainable development

� PDD is the core document� Presents information on essential technical & organizational aspects of the proposed project activity

� Can be prepared by the Project Owner/Developer but often outsourced to CDM professionals

� Prepared in accordance with template and using a methodology approved by the CDM Executive Board

� Proposal of a New Baseline &/or Monitoring Methodology through a DOE for EB’s review & approval

� Validation� Independent evaluation of a proposed project activity by a DOE against requirements of CDM, period for soliciting public comments via UNFCCC website

� Registration� Host Country Approval and Investor Country Confirmation of voluntary participation are required

� Formal acceptance by the EB of a validated project as a CDM project activity

CDM Cycle – Project Implementation� Monitoring

� Conducted by project participants� Collection and archiving of all data necessary for calculating

GHG emission reductions of project against baseline (expected emission w/out the project) in accordance w/ monitoring plan

� Provides basis for verification by the DOE

� Verification� Periodic independent review and ex post determination by the

DOE (Different DOE except for small-scale project activities)� Determines that the monitored emission reduction has in fact

occurred

� Certification� Written assurance by the DOE, certifying that the project

activity achieved the verified amount of reductions during the specified time period

� Issuance and Distribution� CERs equal to verified amount of emission reductions are

issued by the EB and recorded at the EB Registry� CERs will be distributed among Project Participants

CDM Fees

� Kinds of Fees� Consulting fee for PDD production� Fees to be paid to a Designated National Authority

(DNA)� Fees to a Designated Operational Entity

(Validation, Verification)� Fees to be paid to the UNFCCC

(Request for registration, Share of Proceeds)� Placement / brokering fees for CER sales

� Cash outlays for fee payment can be made minimal� Annex I (investor) country subsidy� CER Buyer agrees to bear the cost� Intermediaries absorb the cost

� Feasibility assessment

� Project Design Document (PDD)

� Regular scale CDM project

� Small-scale CDM project

� Involved parties

� Project developer

� CDM Consultant

� Critical Issues

� Project Description

� Emissions Reduction Calculation

� Clear project boundary

� Crediting Period

� Sustainable Development

Project DesignProject DesignProject DesignProject Design

National ApprovalNational ApprovalNational ApprovalNational Approval

Validation & Validation & Validation & Validation &

RegistrationRegistrationRegistrationRegistration

MonitoringMonitoringMonitoringMonitoring

Verification & Verification & Verification & Verification &

CertificationCertificationCertificationCertification

IssuanceIssuanceIssuanceIssuance

Project Design Stage

� Institution/s Involved� Philippine Designated National Authority for CDM (DENR)

� Parameters� Sustainable Development Criteria and Indicators

� National Laws� Critical Documents

� PDD� Proof of legal capacity� Stakeholder consultation documentation� Sustainable development benefits description (SDBD)

� ECCs / CNCs� Letter of Approval Host Country DNA (LoA)� Transaction Costs:

� Php 5,600 – 10,600 (processing fee)









Host Country Approval Stage

� Institutions� Accredited Designated Operational Entity

� e.g.: DNV, TÜV-SÜD, JCI, etc.� CDM Executive Board

� Documentation � PDD and Host Country Approval� Validation Report (basis for registration)

� Transaction Costs:� Validation costs:

� ~ US$ 10,000 – 25,000� Registration costs:

-10,000 t CO2-e

1,50015,000

350,0003,000,000

350,0001,757,500

198,5001,000,000

18,500100,000

4,50030,000

US$Expected ave. annual emission reduction

Validation & Registration Stage









� PP / CDM Consultant � Critical Issues

� Data archiving� Must be done according to the approved monitoring plan

� Quality Control / Quality Assurance

� Subject to third party verification� Documentation

� Monitoring Protocols� Data files

� Costs� Dependent on project complexity, monitoring plan requirements

Monitoring PhaseProject DesignProject DesignProject DesignProject Design








� Related Documents

� Monitoring Report

� Verification Report

� Actors involved

� Project proponent

� Consultant

� DOE (must be different from the DOE that validated the project for regular scale CDM projects)

� Critical Issues

� Project must prove to DOE that data monitored has been done according to the monitoring protocol

� Data quality

� Transaction Costs

� US$ 1,500 – 15,000

Verification & Certification Phase









� Related Documents

� DOE’s request for issuance

� Certificate of Emissions Reduction

� ERPAs

� Institutions Involved

� CDM EB through the CDM Registry

� Project Participants

� Critical Issues

� Who owns the CER?

� Transaction costs

� 2% CERs for adaptation fund

� US$0.10/CER (1st 15,000 CERs) and US$0.20/CER (amount in excess of) for CDM Secretariat administration costs

� Other service fees related to CER sales

CER Issuance









Timescale

4 weeks8 weeksRegistrationRegistration

1 month1 month

1 month1 month

ValidationValidationUNFCCC public comments

15-20 working days

20-25 working days

The DNA approval The DNA approval (Philippines)(Philippines)

1-2 months1-2 monthsThe PDD productiona

Usually not required

~ 6 monthsProject Development:Project Development:New methodology production and approval

For small-scale project

For regular project

Time requiredCDM process

aassuming ALL necessary information is available.

Crediting Period

� Two choices

� 7 years with an option for renewal, at most two times (total of 21 years)

� Maximum of 10 years with no option for renewal

→ In case of the former, each renewal must

be reviewed by a Designated Operational Entity (DOE) for validity

� First Commitment Period: 2008-2012

CERs from a CDM Project Activity

CDM in Charts. IGES. July 2007.Photo fr www.vueweekly.com

A total emission cap of an Annex I Party

GHG Emissions Projection

GHG Emissions

Baseline Scenario

Project Scenario

CERs

Specific Place in a Host Party

Non-Annex I / Host Parties will benefit from project activities resulting in CERs

Annex I Party will get CERs

Host Party w/ no emission cap

Acquired CERs are added and emission cap increases

Sustainable Sustainable

DevelopmentDevelopment

CER = 1 metric ton of CO2-e

CDM Programme of Activities

CDM Project activities under a program of activities (CPAs) can be registered as a single CDM project activity provided that approved methodologies are used

Program of activities (PoA)� Voluntary coordinated action by a private or public entity

� w/c coordinates and implements any policy/measure or stated goal and

� w/c leads to GHG emission reductions or increased removal by sinks additionally

via a # of CDM program activities

� PoA addressing mandatory policies and regulations are permissible provided it is demonstrated that these policies and regulations are not enforced as envisaged. If enforced, the effect of PoA is to increase the enforcement beyond the mandatory level required

State and Trends of the

Carbon Market

GHG emissions:

A new commodity is emerging

� Targets are expressed as levels of allowed emissions, or “assigned amounts,” over the 2008-2012 commitment period, divided into “assigned amount units” (AAUs).Annex I countries that have emission units to spare - emissions permitted them but not "used" – are allowed to sell this excess capacity to Annex I countries that are over their targets

� Other units which may be transferred under the emissions tradingscheme, each equal to one tonne of CO2:� A removal unit (RMU) on the basis of land use, land-use

change and forestry (LULUCF) activities such as reforestation � An emission reduction unit (ERU) generated by a joint

implementation project � A certified emission reduction (CER) generated from a CDM

project activity

� European Union Allowance (EUA)� Carbon credits: both an environmental and a financial asset

� Environmental asset: reducing carbon emissions which cause global warming & climate change

� Financial asset: being bought and sold in emerging carbon markets

Price and Payment� Price

� Determined by supply and demand

� No official prices

� Most observers agree that issued CERs have a similar value to EU Emissions Trading Scheme Allowances

� Approx. 20 € in August 2007

Based on Price Level for second period EUAs, the level of most predictions for the price to be in average (Pomar/MarmetProject Report, 30 August 2007)

� Approx. €15.62 for December 2008 deliveryThe benchmark CER contract on the secondary market, on the European Climate Exchange as of November 7(http://www.carbonpositive.net/viewarticle.aspx?articleID=137)

� Ave. EUA price seen at €29 in 2009-2012PointCarbon 13 November 2008 analysis

Price and Payment

� Contract Types and Pricing

Substantial discount

Immediate (pre-payment)

FutureNow III

Some discount

Future (against delivery)

FutureNowII

No discountImmediateImmediateNowI

PricingPaymentCER Delivery

ContractType

Price and Payment

� Payment-against-delivery contracts

� Most common arrangement under current practice

� No principal risk for buyer even in case of non-delivery (cf. pre-payment contracts)

� However, the buyer sustains reconstitution risk

→ In case of non-delivery, the buyer will have to procure the contracted amount from other sources to stay in compliance. This could be expensive.

Price and Payment

� Buyer Risks for Payment-against-delivery contracts

USD 5HeavierYesYesNo PDD

USD 10SomeYesNoRegistration completed

USD 20NoNoNoCERs issued

Price example

DiscountingProject

implementation risk

CDM qualification

risk

Project status

Strategy for Sellers

Depends on several factors:

� Up-front cash needs� Ability to carry out CDM steps

� (with or w/o CDM professionals)

� Future price projection/minimum price expectation

→At what level are you willing to lock in theprice under a payment-against-delivery contract?

PHILIPPINE DNA FOR CDM

OUTLINE

� Prerequisites for GoP Participation in CDM

� Philippine DNA for CDM

� Basic Policy of the Philippine DNA for CDM

� National Approval Criteria

� Sustainable Development Criteria

Prerequisites for CDM participation

Climate Change Convention

Date of signature Date of ratification

Date of entry into force

12 June 19922 August 1994

31 October 1994

Kyoto Protocol

Date of signature

Date of ratification

Date of entry into force

15 April 1998

20 November 2003

16 February 2005

Executive Order No. 320, series of 2004

Date of signature and

effectivity

25 June 2004

Promulgation of the Rules and

Regulations Governing the

Implementation of EO No. 320

Date of signature

Date of effectivity

31 August 2005

7 September 2005

� Participation in CDM is voluntary

� A non-Annex I Party may participate in CDM if it is a Party to the Kyoto Protocol

� Parties participating in the CDM shall set up a designated national authority(DNA) for CDM

Philippine DNA for CDM

CDM NATIONAL APPROVAL PROCESS

BASIC STEPS

Project Application Monitoring

Step 1Project

Application

Step 2Project

Evaluation

Step 3Project

Endorsement

Step 4Project

Approval/Non-Approval

CDM Steering Committee

TECProject

ProponentDNA Head

(Secretary of DENR)

CDM Secretariat

Basic Policy of the Philippine DNA

� Facilitate and promote CDM project activities that:

� contribute to the UNFCCC objective of stabilization of GHG concentrations in the atmosphere at a level that would prevent dangerous anthropogenic interference with the climate system

� lead to the transfer of environmentally safe and sound technology and know-how

� contribute to the conservation of biological diversityand sustainable use of natural resources

� comply with all other pertinent laws and regulations� provide measures to alleviate poverty

as part of their contribution to sustainable development

National Approval Criteria

� Sustainable development benefits and the legal capacity to participate serve as the bases for evaluating an application

�� SUSTAINABLE DEVELOPMENT IS THESUSTAINABLE DEVELOPMENT IS THE MAIN MAIN DRIVERDRIVER FOR FOR GoPGoP PARTICIPATION IN THE CDMPARTICIPATION IN THE CDM

� Phil. project proponents possess the legal possess the legal capacity to participatecapacity to participate in the proposed CDM project activity

� Authorization is required in order to open accounts in CDM Registry

� Host Party that authorizes an entity’s participation shall remain responsible for the fulfillment of its obligations and ensure that such participation is consistent with COP/MOP decisions

Sustainable Development Criteria

� Sovereign Matter� Host Country’s prerogative to confirm whether

a project activity assists it in achieving SD

� Approval Procedure up to Host Party

� Major Pillars� Economic Dimension

� Environmental Dimension

� Social Dimension

Economic Dimension

Philippine CDM policy seeks to adhere to the antipoverty goals articulated in the PA21 and MTPDP by upholding project activities that:

� Provide livelihood and other economic opportunities in the community

� Provide proper safety nets and compensatory measures for affected stakeholders

� Promote the use of cleaner, more efficient and environment-friendly technology in the sector

� Provide new financial resources

Environmental Dimension

Philippine CDM policy recognizes that ecological integrity is a key pillar of Philippine SD by pushing CDM project activities that:

� Comply with environmental policies and standards

� Improve local environmental (e.g. air, water, soil) quality

� Promote sustainable use of natural resources

Social Dimension

Philippine CDM policy works toward instituting social order based on fairness and provision of support systems that look after the welfare of every Filipino by supporting CDM project activities that:

� Provide education and training which build the capacities of local stakeholders

� Provide vulnerable groups access to local resources and services

� Promote local participation in the project activity

SD Impact

�� Overall sustainable development impact Overall sustainable development impact of a proposed project activity must be of a proposed project activity must be POSITIVEPOSITIVE

� Paragraph 9.7 of DAO 2005-17 states:

“Project level indicators to be proposed by the project proponent …shall be used to identify the sustainable development impacts of a proposed CDM project activity.”

�Indicators should be:

- meaningful from a project level perspective

- measurable or quantifiable

CDM PROJECT ACTIVITIES

OUTLINE

� List of Sectoral Scopes

� Examples of Eligible CDM Project Activities

� CDM Market

� Status of CDM Project Activities to be implemented in the Philippines

List of Sectoral Scopes� Energy industries (renewable / Non-renewable)

� Energy distribution

� Energy demand

� Manufacturing industries

� Chemical industry

� Construction

� Transport

� Mining/Mineral production

� Metal production

� Fugitive emissions from fuels

(solid, oil and gas)

� Fugitive emissions from production & consumption of halocarbons and sulphurhexafluoride

� Solvents use

� Waste handling & disposal

� Afforestation & reforestation

� Agriculture

Eligible CDM Project Activities� EMISSION REDUCTION PROJECT ACTIVITIES

� Energy industries - renewable energy: wind/solar/hydro power

� Energy demand - energy efficiency: high efficiency

equipment/lighting

� Manufacturing - energy efficiency: high-efficiency equipment

- fuel switching: from coal to natural gas

� Transport - fuel substitution: biofuels

- energy efficiency: improved vehicle efficiency

� Mineral production - fuel substitution: coal mine methane recovery

� Metal production - process change: dry coke quenching

� Waste handling - fuel substitution: landfill gas recovery,

and disposal wastewater treatment

� SEQUESTRATION PROJECT ACTIVITIES

� Afforestation and reforestation

� Agriculture - methane avoidance from biomass decay

Distribution of Registered Projects

by Scope

CDM Market

> 100,000,000 26,267,087 --- 109 are requesting

registration

> 1,340,000,000 230,535,302 --- 1051 are registered

> 2,900,000,000 N/ACDM project pipeline: > 4200of which:

Expected CERs until end of 2012

Annual Average CERs

Registered CDM Projects by Host

Party

1. 361: India

2. 295: China

3. 146: Brazil

4. 107: Mexico

5. 34: Malaysia

6. 26: Chile

7. 20: RP

1.66% of

TOTAL: 1,207

ENDESA Generacion, S.A.First Farmers Holding

Corporation119,78710 Sept 200822 Jan 2007

FIRST FARMERS HOLDING CORPORATION (FFHC) BAGASSE COGENERATION PLANT

San Carlos Bioenergy Inc.37,658 13-Apr-200722-Jan-2007San Carlos Renewable Energy Project

JFE Steel CorporationPhilippines Sinter Corporation61,702 5-May-200722-Jan-2007Philippine Sinter Corporation Sinter

Cooler Waste Heat Recovery Power Generation Project

EcoSecurities Group Ltd、EcoSecuritiesGroup Plc

D&C Concepcion Farms, Inc.Philippine BioSciencesCo., Inc. (PhilBIO)

3,348 26-Aug-200719-Oct-2006D&C Concepcion Farms, Inc. Methane

Recovery and Electricity Generation Project


Bondoc Realty FarmPhilippine BioSciencesCo., Inc.

1,785 7-Sep-200722-Jan-2007Bondoc Realty Methane Recovery and

Electricity Generation Project


Superior Hog Farm, Inc.Philippine BioSciencesCo., Inc. (PhilBIO)

3,346 7-Sep-200722-Jan-2007Superior Hog Farms Methane Recovery


Goldi-Lion Agricultural Development

CorporationPhilippine BioSciencesCo., Inc. (PhilBIO)

3,994 8-Sep-200719-Oct-2006

Goldi-Lion Agricultural Development

Corporation Methane Recovery and Electricity Generation Project

Equity + Environment Assets Ireland Limited

Opol Chona’s Farm ; SunjinGenetics Corporation ; Philippine Bio-Sciences

Co., Inc.

5,80617-Dec-200725-Apr-2007

The Anaerobic Digestion Swine Wastewater Treatment With On-Site Power Bundled Project

(ADSW RP1001)

Pangea Green Energy S.r.l.

Quezon City Government116,33901-Feb-200825-Apr-2007Quezon City Controlled Disposal Facility

Biogas Emission Reduction Project

IBRD as a Trustee of Community Development Carbon Fund (CDCF)

Laguna Lake Development

Authority6,05816-Mar-200825-Apr-2007

Laguna de Bay Community Waste Management Project: Avoidance of methane production from biomass decay through composting -1

Hedcor Sibulan, Inc.95,1746-Jun-0825-May-2007Hedcor Sibulan 42.5 MW Hydroelectric

Power Project

Trading Emissions PLCMagallanes Bio-Energy

Corporation28,72914-Jun-082-Jan-08

Makati South Sewage Treatment Plant Upgrade with On-Site Power

Project

Participants (Authorized by other Parties

involved)

Project Participants (Authorized by Host

Party)

Annual ERs (tCO2/y)

Registration Date

Host Party Approval

Name of CDM Project ActivityRegistered Philippine CDM Projects

Registered Philippine CDM Projects

EcoSecurities Ltd.

Paramount Integrated Corporation; Philippine BioSciences Co., Inc.(PhilBIO)

7,582 31-Jan-2007 30-Jun-2006 Paramount Integrated Corporation Methane Recovery and Electricity

Generation

The NetherlandsFinland

North Wind Power Development Corporation

56,788 10-Sep-200616-Dec-2005NorthWind Bangui Bay Project

Mitsubishi CorporationTanduay Distillers,

Inc.;/Absolut Chemicals, Inc95,896 1-Oct-200630-Jun-2006

Wastewater treatment using a Thermophilic Anaerobic Digestor at an ethanol plant in the Philippines

EcoSecurities Ltd.

Philippine Bio-Sciences Co.,

Inc.；/Gold Farm LivestocksCorporation

2,929 21-Oct-200630-Jun-2006

Gold Farm Livestocks Corporation

Methane Recovery and Electricity Generation

EcoSecurities Ltd.Philippine Bio-Sciences Co., Inc.;/Joliza Farms Inc.

3,656 23-Oct-200630-Jun-2006Joliza Farms Inc. Methane Recovery

EcoSecurities Ltd.

Philippine Bio-Sciences Co., Inc.

Uni-Rich Agro-Industrial Corporation

2,929 28-Oct-200630-Jun-2006Uni-Rich Agro-Industrial Corporation Methane Recovery and Electricity Generation

EcoSecurities Ltd.Philippine Bio-Sciences Co., Inc.Gaya Lim Farm, Inc.

3,13030-Oct-200630-Jun-2006Gaya Lim Farm Inc. Methane Recovery

International Bank for Reconstruction and Development as Trustee of the Netherlands Clean Development Mechanism

Facility

PNOC-EDC74,97510-Dec-200630-Jun-200620 MW Nasulo Geothermal Project

Project Participants

(Authorized by other Parties involved)

Project Participants (Authorized by Host Party)

Annual ERs (tCO2/y)

Registration Date

Host Party Approval

Name of CDM Project Activity

Expected average annual CERs from

registered projects by Host Party1. 122 M: China

2. 31 M: India

3. 19.5 M: Brazil

4. 14.6 M: R.Korea

5. 7.6 M: Mexico

6. 4.3 M: Chile

7. 4.1 M: Argentina

8. 2.6 M: Malaysia

9. 2.58 M: Indonesia

10. 2.56 M: So. Africa

11. 2.5 M: Qatar

731,611 : RP

0.32% of

TOTAL: 230,535,302

THANK YOUTHANK YOUFor your questions / queries:For your questions / queries:

CDM Helpdesk

DNA - CDM Secretariat OfficeEnvironmental Management Bureau

2/F, HRDS Building, DENR Compound, Visayas Avenue, Diliman, Quezon City

T: (+63-2) 920-2251; F: 928-4674

http://cdmdna.emb.gov.ph

[email protected]

[email protected]