Scaling up the CDM via Benchmarking

The concept of benchmarking,'2) already widely used by industry, is a powerful tool under discussion for streamlining the CDM to demonstrate additionality. This approach to demonstrating additionality allows for certain project types to always

22) Benchmarking in the manufacturing sector refers to a measured performance indicator for which to compare a group of facilities.

gain additionality approval, providing more certainty to investors by securing carbon revenues at the project design phase. Procedurally, this could be undertaken in a variety of ways by establishing benchmarks on an international, regional or national level agreed between the host country and UNFCCC.

Benchmark based additionality is already proposed in certain sectors such as the cement industry and would enable substantial advantages to the chemical industry to unlock a range of energy efficiency initiatives at one facility without assessing the business -as-usual scenario of each stand-alone activity. Proposals that include the expansion of the CDM through benchmarks are largely accepted by NGOs and governments because of their transparent design but are being met by some degree of resistance from developing countries who feel that it lays out the groundwork of an emission reduction target that could burden their economy. Other issues surround data availability where developing countries do not always feel comfortable with releasing industry performance data.

Guide to Alternative Fuels

Guide to Alternative Fuels

Your Alternative Fuel Solution for Saving Money, Reducing Oil Dependency, and Helping the Planet. Ethanol is an alternative to gasoline. The use of ethanol has been demonstrated to reduce greenhouse emissions slightly as compared to gasoline. Through this ebook, you are going to learn what you will need to know why choosing an alternative fuel may benefit you and your future.

Get My Free Ebook


Post a comment