Technical Procedures for CDM Project Design

The success of CDM depends on active participation of public and private entities. In particular, participation of wide range of private companies is an important factor for the success. In order to promote the participation of private companies in the CDM project activities as project participants, the authors clarify the steps and technical issues involved in the CDM project design procedures in a step-by-step approach. The steps consist of outlining the project plans, identifying project impacts, defining a project boundary, estimating GHG emissions reduction/enhancement of removals, documenting the results of estimation, and designing of monitoring plans. The authors also propose guidance for project participants, especially for those not familiar with the CDM, which provides plain explanation of major technical issues. In order to further develop a complete guideline, it is necessary to integrate the outputs of the ongoing international initiatives concerning technical issues of CDM into the stepwise approach proposed in this paper. This revised version was published online in August 2006 with corrections to the Cover Date.