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Wrap-up session 1 st Sustainable Development Mechanisms Joint Coordination Workshop Maritim Hotel Bonn Germany, 24-25 March 2012.

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Presentation on theme: "Wrap-up session 1 st Sustainable Development Mechanisms Joint Coordination Workshop Maritim Hotel Bonn Germany, 24-25 March 2012."— Presentation transcript:

1 Wrap-up session 1 st Sustainable Development Mechanisms Joint Coordination Workshop Maritim Hotel Bonn Germany, March 2012

2 Break-out session 4.2 Significant deficiencies in validation, verification, and certification reports Main issues discussed Process Importance of linkage with the discussion on the EB appeals process Scope of liability Not to penalize PPs for DOEs error (impacting issuance of CERs) DOE responsible for identifying error vs PP responsible for creating error Limitation to types of errors and historical timeline Risk is calculable, but manageability of risk is challenging Consequences Could destroy CDM if procedure is not appropriately applied (includes if DOE exit the market) Could seriously damage smaller DOEs Implications of risk-based assessment and materiality principles

3 Break-out session 4.2 Significant deficiencies in validation, verification, and certification reports Action points / Recommendations No questioning on the process in 2012 for development of procedures (including further consultations) Need to establish a procedure that ensures integrity of the CDM, but is practical and workable Need to take into account the development of the EB appeals procedure


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