Capacity building
Clean Development Mechanism (CDM). N/A N/A
Capacity-Building for CDM Project Development Activities (CF Assist Program)
| Country : | Philippines . |
| Client : | The World Bank . |
| Start Date : | 2007 |
| Completion Date : | 2008 |
| Value of services : | 118 920€ |
| Funder : | World Bank |
| Associate/Partner : | N/A |
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| Description : |
The Carbon Finance Assist (CF Assist) program of the World Bank has been established in 2005 as an umbrella program for the various Clean Development Mechanism (CDM) Capacity Building initiatives launched by the World Bank prior to 2004, such as PCFplus, CDCFplus and BioCFplus. In the Philippines there is growing interest in the CDM and encouraging progress has been made (including Emission Reduction Purchase Agreement signatures) but unfortunately its CDM potential remains untapped for now. One of the goals of the CF Assist program is thus to foster creation of CDM projects through capacity building with a strong focus on small scale projects and sector-based approaches. CDM carbon finance documents being cornerstones of the CDM procedure, they are naturally among the topics covered by this program. |
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| Description of the Actual Services Provided | The present action is the second part of a three-stage project aimed at producing model carbon finance documents, the first stage being a broad review of potential projects in the Philippines and the last stage being project validation. In consultation with the World Bank, the consultant will narrow down the list of projects identified in the first stage and provide Project Idea Notes (PIN) and Project Design Documents (PDD) for 6 of them. These documents will eventually serve as landmarks for similar CDM projects in the future and will assist the World Bank Carbon Finance Unit in its Capacity Building task. The PINs will include general information on the project proponent, its location, expected schedule, financing scheme, technical summary and expected environmental benefits. PDDs will provide extensive information on the following aspects : • Technical • Institutional and legal • Economic and financial GHG Emission Reductions (ER) will be quantified over a 20-year period on the basis of 2 sets of assumptions (scenarios) compared with a third one (baseline), and a monitoring plan will be drafted. The suitability of the project for the CDM will also be assessed, i.e. dependence of ERs on CDM financing should be demonstrated (additionality) and GHG leakages outside the project boundaries should be addressed. |