Will Simplified Modalities and Procedures Make More Small-Scale Forestry Projects Viable Under the Clean Development Mechanism? |
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Authors: | Bruno Locatelli Lucio Pedroni |
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Institution: | (1) Global Change Group, CIRAD France – CATIE Costa Rica, Apdo 2, Catie, 7170 Turrialba, Costa Rica;(2) Global Change Group, CATIE Costa Rica, Catie, 7170 Turrialba, Costa Rica |
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Abstract: | Simplified modalities and procedures (M&P) are expected to increase the viability of small-scale project activities under
the Clean Development Mechanism (CDM). A small-scale afforestation or reforestation (AR) project is defined as a project removing
less than 8 kilotons of carbon dioxide equivalent (CO2e) per year. Depending on the project type and the method for measuring scale, 8 kilotons of CO2e per year correspond to highly diverse areas, possibly ranging from 200 to 6000 ha. Using a model to calculate the minimum
project scale above which the CDM is a positive financial incentive for eligible AR project activities, the paper analyzes
whether a reduction of transaction costs under simplified M&P will be a sufficient incentive to motivate small-scale participation
in the CDM. Model results show that, even under optimistic assumptions on carbon market conditions and transaction costs,
small-scale project activities will not benefit from simplified M&P. Results also show that project activities removing more
than 8 kilotons of CO2e per year and registered as small-scale would be the ones that could benefit the most from simplified M&P. It is concluded
that the participation of small-scale project activities to the CDM requires more than simplified M&P, the price of expiring
Certified Emission Reductions being one of the most critical parameters. |
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Keywords: | afforestation carbon accounting carbon dioxide equivalent clean development mechanism Kyoto Protocol modalities and procedures reforestation small-scale project |
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