Carbon Markets for Energy Access Projects
General Information[1]
Bundling CDM Projects
Bundle is defined as: “Bringing together of several small-scale CDM project activities, to form a single CDM project activity or portfolio without the loss of distinctive characteristics of each project activity. Project activities within a bundle can be arranged in one or more sub-bundles, with each project activities retaining it distinctive characteristics. Such characteristics include its: technology/measure; location; application of simplified baseline methodology. Project activities within a sub-bundle belong to the same type. The sum of the output capacity of project actvities within a sub-bundle shall not exceed the maximum output capacity limit for its type.”
Sub-bundle is defined as: “An aggregation of project activities within a bundle having the characteristics that all project activities within a sub-bundle belong to the same type.”
General principles for bundling:
- Project activities wishing to be bundled shall indicate this when making the request for registration;
- Once a project activity becomes part of a bundle for a project cycle stage, it shall not be de-bundled for this stage. The Board may consider debundling in exceptional situations;
- The composition of bundles shall not change over time (i.e. the submission of project activities to be used in a bundle shall be made at the same time. A project activity shall not be taken out of a bundle nor shall a project activity be added to the bundle after registration).
- All project activities in the bundle shall have the same crediting period (i.e. the same length and same starting date of the crediting period);
- A form with information related to the bundle must be included in the submission;
- The form should cover issues such as title of the bundle, general description, project participants, locations, types and categories, estimated amount of emission reduction, crediting period and monitoring plans;
Further information: http://cdm.unfccc.int/EB/021/eb21repan21.pdf
