Presentation is loading. Please wait.

Presentation is loading. Please wait.

Marsha Cheddi Standard Setting Unit, SDM Programme UNFCCC secretariat Materiality 1 st Sustainable Development Mechanisms Joint Coordination Workshop Module.

Similar presentations


Presentation on theme: "Marsha Cheddi Standard Setting Unit, SDM Programme UNFCCC secretariat Materiality 1 st Sustainable Development Mechanisms Joint Coordination Workshop Module."— Presentation transcript:

1 Marsha Cheddi Standard Setting Unit, SDM Programme UNFCCC secretariat Materiality 1 st Sustainable Development Mechanisms Joint Coordination Workshop Module 2.4 Bonn, Germany, 24–25 March 2012

2 2 CMP decision in Durban CMP adopted the application of the concept of materiality and level of assurance in the CDM Materiality initially applies to verifications (for DOEs) and assessment of requests for issuance (for the EB and its support structure) CMP defined material information as a piece of information the omission, misstatement or erroneous reporting of which could change a decision by the Board CMP defined five materiality thresholds CMP decided that a reasonable level of assurance be used by DOEs in verifications

3 3 CMP decision in Durban (cont.) CMP requested the Board to: Implement the concept of materiality, and report on the experience of implementation at CMP8 Increase its interaction with DOEs to facilitate a uniform interpretation and application of the concept of materiality Address the issue of uncertainties of measurements in baseline and monitoring methodologies so that these types of uncertainties are not considered in addressing materiality Develop guidance on how to apply thresholds and what should be done if they are surpassed

4 4 Approach Implement the concept of materiality The VVS will be updated to include the concept of materiality, the thresholds, and level of assurance To support the consistent application of materiality in verifications, guidelines will also be developed. Increase its interaction with DOEs to facilitate a uniform interpretation and application of the concept of materiality SDM Joint Coordination Workshop is the first interaction DOEs and AIEs have been invited to provide concrete examples of application of materiality for the development of the guidelines Other interactions to come (format and timeline to be determined)

5 5 Approach To address the issue of uncertainties of measurements in baseline and monitoring methodologies so that these types of uncertainties are not considered in addressing materiality Secretariat to amend the PS and VVS to address the issue of uncertainties of measurements, or develop a separate standard Materiality guidance to be clear about not considering these types of uncertainties in addressing materiality

6 6 Approach Develop guidance on how to apply materiality thresholds and what should be done if they are surpassed EB 67 - Secretariat to present a concept note that includes a detailed outline for the proposed guideline for the Boards consideration EB 68 - Secretariat to present a first draft of the guideline for the Boards consideration and launch a call for public inputs EB 69 - Secretariat to present a final draft for the Boards consideration and adoption


Download ppt "Marsha Cheddi Standard Setting Unit, SDM Programme UNFCCC secretariat Materiality 1 st Sustainable Development Mechanisms Joint Coordination Workshop Module."

Similar presentations


Ads by Google