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.
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