Carbon Markets for Energy Access Projects
General Information
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.
The advantage of bundling is that bundled projects can obtain a single validation report and a single certification report for the entire bundle, which streamlines these processes for project participants.
Further information on bundling:
