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Clean Development

Mechanism (CDM)
Overview, DNA process and
Current Project Activities

Philippine Designated National Authority for CDM

 Background (UNFCCC, KP)
 Clean Development Mechanism (CDM)
 Conditions for CDM Project Activities
 CDM Actors
 CDM Project Activity Cycle and Timescale
 Crediting Period
 Certified Emission Reductions (CERs)
 Programmatic CDM
 Carbon Market
Global Temperature: Philippine Temperature:




T e mpe r a t u r e (






1900 1910 1920 1930 1940 1950 1960 1970 1980 1990 2000

History: Greenhouse Gases:

•1979 – First World Climate Conference •(CO2) Carbon dioxide
•1992 – UNFCCC text adoption and •(CH4) Methane 21 (GWP)
Earth Summit •(N20) Nitrous oxide 310
•1995 – Conference of Parties (COP) I •(PFCs) Perfluorocarbons 6500-9200
•1997 – Kyoto Protocol adoption •(HFCs) Hydrofluorocarbons 140-11700
•2001 – Marrakesh Accords •(SF6) Sulphur hexafluoride 23900
•2005 – Entry into Force (KP)
Noting that:
 the LARGEST SHARE of historical and current GHG emissions
originated in developed countries,
 the PER CAPITA EMISSIONS in developing countries are
still relatively LOW and
 the share of global GHG emissions from developing countries will
GROW to meet their social and development needs,

Developed countries:
 have the obligation to take the
lead in combating climate
change and the adverse effects
thereof &
 have commitments to provide
financial resources, including for
the transfer of technology, for
developing countries
CSE India presentation
KyotoProtocol: Taking Root
 182 Countries & the EEC have
ratified (as of 16 October 2008)
= 63.7% of total carbon dioxide
emissions, 1990 as the base yr

 Entered into Force on 16 Feb ’05

 Developed countries to
implement domestic policies
and measures to achieve the
mandatory targets
A legally binding instrument
that strengthens the UNFCCC by  Three (3) innovative
committing developed mechanisms supplemental to
countries which have accepted it domestic action:
to individual, quantified GHG - Joint Implementation
emission and limitation targets
(an average total cut in GHG
- Emission Trading
emissions of 5% from 1990 levels - Clean Development Mechanism
for the period 2008-2012) or CDM
Clean Development Mechanism
Since the atmosphere is equally damaged by GHG
emissions wherever they happen and equally helped
by cutbacks in emissions wherever they are made,
the CDM, as a market-based flexibility mechanism:
 allows Annex I countries to earn “certified emission
reduction units (CERs)”
CERs that can be applied to partially
meet their GHG reduction commitments under the KP
 whenever they undertake GHG-reducing projects that
contribute to sustainable development in a non-Annex
I Party, where land, technology and labor are less costly, &
 concomitantly result in real, measurable, verifiable
and long-term GHG reductions that are additional to
any that would otherwise occur
Annex I Countries / Parties: NON-Annex I Countries /
UNFCCC Annex I list - Parties:
developed countries including developing countries not bound
Economies in Transition by emission reduction targets
CDM as a Market-based Mechanism
FOR Annex 1 countries: FOR non-Annex 1 countries:

 Enables developed  Assists developing

countries to meet their countries in meeting
emission reduction their sustainable
commitments in a development objectives
flexible and cost-
effective manner
 As host countries,
 As investors, developed developing countries
countries benefit by benefit in the form of
obtaining Certified investment, access to
Emission Reduction cleaner and better
units (CERs) for KP technology, and
partial compliance sustainable
CER: A special product
 CER is a form of payment for the Project Proponent
not to produce
- BUT to reduce GHG emissions

 Thus, the importance of special requirements

- Definition of baselines
- Calculation of net GHG emission reductions
- Monitoring of GHG emission reductions
Conditions for CDM Projects
 Assist Non-Annex I Parties in achieving SD
 Additional if GHG emissions are reduced below those that
would have occurred in the absence of the registered CDM
project activity
 Annex I Parties are to refrain from using CERs generated
from nuclear facilities to meet their quantified GHG
reduction targets
 Public funding from Annex I Parties must not result in the
diversion of ODA and separate from and not counted
towards their financial obligations under the UNFCCC and
 LULUCF project activities presently limited to Afforestation
and Reforestation
* PDD, Validation Report and Letter of Approval from Host
Country are required in order to be registered as a CDM
project activity
Official Development Assistance
 No Diversion of ODA is allowed
 Annex I countries shall not divert ODA funds that
previously have been directed to other purposes in the
respective host country
 Not diverted for the purchase of CERs from a CDM project
 Public funding is to be separate from and not counted
towards the financial obligations of those Parties
 Such evidence should be given by the Annex I country
 Must be able to prove that a project requires CDM assistance
even with favorable loan conditions
 CDM Status often helps in financing
 A GHG-reducing project becomes more attractive to equity
and debt investors
 The CDM status will be given only to those
projects which cannot be implemented without it

 Those projects which can/will be carried out in

the course of regular business (Business-As-
Usual or BAU projects) are DISqualified.

 CERs are an incentive to encourage developers to

undertake GHG mitigation projects that do not
happen under usual circumstances

 CERs are NOT offered as a reward for

accomplishing GHG mitigation, no matter how
much GHG reduction a project achieves
Requirements for
participation in the CDM:
 Participate voluntarily

 Establish a National CDM Authority

 Ratify the Kyoto Protocol

CDM Actors
 Project Participants (PP)
 Participation in CDM is voluntary
 PP is a Party involved, &/or a private &/or public entity
authorized by a Party involved to participate
 Designated National Authority (DNA)
 Requirement for country Parties who intend to participate in
CDM, for the purpose of authorizing the voluntary participation
of each PP.
 Written approval from host country DNA must also include
confirmation by host Party that project assists it in achieving
sustainable development: details of approval procedure up to
each Party
 Facilitators and Advisers
 Consultants/professionals who provide technical assistance in
developing a project as a CDM project activity
 Banks or other facilities that help in facilitating the process
through investor matching, brokering / selling your project
activity’s CERs
CDM Actors
 Conference of the Parties serving as the meeting of
the Parties to the Kyoto Protocol (COP/MOP)
Among other functions, the COP/MOP:
 Has authority over and provides guidance to the CDM
 Decides on the designation of operational entities accredited
by EB
 CDM Executive Board (EB)
 Supervises the CDM, under the authority and guidance of the
 Comprises 10 members from Parties to KP representing 5 UN
regional groups for a period of 2 yrs., with alternates for each
member, and are nominated by relevant constituencies and
elected by the COP/MOP
 Designated Operational Entity (DOE)
 Either a domestic legal entity or an international organization
accredited and designated, on a provisional basis until
confirmed by the COP/MOP, by the EB
 Validates & requests registration of a proposed project
 Verifies emission reductions of a registered project, certifies
and requests EB to issue CERs
CDM Project Activity Cycle

Stakeholder / Public

Annex I
Project Implementation Party


Host Country –
Non-Annex I Party,
e.g. Philippines
CDM Cycle – Project Development
 Project Activity Design
 Project Participants check conditions for CDM, conduct
stakeholder consultations & determine contribution to
sustainable development
 PDD is the core document
 Presents information on essential technical &
organizational aspects of the proposed project activity
 Can be prepared by the Project Owner/Developer but often
outsourced to CDM professionals
 Prepared in accordance with template and using a
methodology approved by the CDM Executive Board
 Proposal of a New Baseline &/or Monitoring
Methodology through a DOE for EB’s review & approval
 Independent evaluation of a proposed project activity by a DOE
against requirements of CDM, period for soliciting public
comments via UNFCCC website
 Host Country Approval and Investor Country Confirmation of
voluntary participation are required
 Formal acceptance by the EB of a validated project as a CDM
project activity
CDM Cycle – Project Implementation
 Conducted by project participants
 Collection and archiving of all data necessary for calculating
GHG emission reductions of project against baseline (expected
emission w/out the project) in accordance w/ monitoring plan
 Provides basis for verification by the DOE
 Periodic independent review and ex post determination by the
DOE (Different DOE except for small-scale project activities)
 Determines that the monitored emission reduction has in fact
 Written assurance by the DOE, certifying that the project
activity achieved the verified amount of reductions during the
specified time period
 Issuance and Distribution
 CERs equal to verified amount of emission reductions are
issued by the EB and recorded at the EB Registry
 CERs will be distributed among Project Participants
CDM Fees
 Kinds of Fees
 Consulting fee for PDD production
 Fees to be paid to a Designated National Authority
 Fees to a Designated Operational Entity
(Validation, Verification)
 Fees to be paid to the UNFCCC
(Request for registration, Share of Proceeds)
 Placement / brokering fees for CER sales

 Cash outlays for fee payment can be made

 Annex I (investor) country subsidy
 CER Buyer agrees to bear the cost
 Intermediaries absorb the cost
Project Design Stage
Project Design  Feasibility assessment
 Project Design Document (PDD)
 Regular scale CDM project
National Approval
 Small-scale CDM project

Validation &  Involved parties

 Project developer
 CDM Consultant

 Critical Issues
Verification &  Project Description
Certification  Emissions Reduction Calculation
 Clear project boundary
 Crediting Period
 Sustainable Development
Host Country Approval Stage
Project Design
 Institution/s Involved
 Philippine Designated National Authority
for CDM (DENR)
National Approval  Parameters
 Sustainable Development Criteria and
Validation &  National Laws
 Critical Documents
Monitoring  Proof of legal capacity
 Stakeholder consultation documentation
 Sustainable development benefits
Verification & description (SDBD)
Certification  ECCs / CNCs
 Letter of Approval Host Country DNA (LoA)
 Transaction Costs:
 Php 5,600 – 10,600 (processing fee)
Validation & Registration Stage
Project Design  Accredited Designated Operational Entity
 e.g.: DNV, TÜV-SÜD, JCI, etc.
 CDM Executive Board
National Approval  Documentation
 PDD and Host Country Approval
 Validation Report (basis for registration)
Validation &  Transaction Costs:
Registration  Validation costs:
 ~ US$ 10,000 – 25,000

 Registration costs:
Expected ave. annual emission reduction US$

10,000 t CO2-e -
Verification & 15,000 1,500
Certification 30,000 4,500
100,000 18,500

1,000,000 198,500
Issuance 1,757,500 350,000
3,000,000 350,000
Monitoring Phase
Project Design  PP / CDM Consultant
 Critical Issues
 Data archiving
National Approval
 Must be done according to the
approved monitoring plan
Validation &  Quality Control / Quality
Registration Assurance
 Subject to third party verification
 Monitoring Protocols
 Data files
Verification &
Certification  Dependent on project complexity,
monitoring plan requirements

Verification & Certification Phase
Project Design  Related Documents
 Monitoring Report
 Verification Report
National Approval
 Actors involved
 Project proponent
Validation &  Consultant
 DOE (must be different from the
DOE that validated the project
Monitoring for regular scale CDM projects)
 Critical Issues
 Project must prove to DOE that
Verification & data monitored has been done
Certification according to the monitoring
 Data quality
 Transaction Costs
 US$ 1,500 – 15,000
CER Issuance
Project Design  Related Documents
 DOE’s request for issuance
 Certificate of Emissions Reduction
National Approval
 Institutions Involved
Validation &  CDM EB through the CDM Registry
 Project Participants
 Critical Issues
Monitoring  Who owns the CER?
 Transaction costs
 2% CERs for adaptation fund
Verification &
Certification  US$0.10/CER (1st 15,000 CERs) and
US$0.20/CER (amount in excess of) for
CDM Secretariat administration costs
Issuance  Other service fees related to CER sales
Time required
CDM process
For regular For small-
project scale project
Project Development:
New methodology production ~ 6 months Usually not
and approval required
The PDD productiona 1-2 months 1-2 months

The DNA approval 20-25 working 15-20 working

(Philippines) days days
Validation 1 month 1 month
UNFCCC public comments 1 month 1 month
Registration 8 weeks 4 weeks

aassuming ALL necessary information is available.

Crediting Period
 Two choices
 7 years with an option for renewal, at most
two times (total of 21 years)
 Maximum of 10 years with no option for
→ In case of the former, each renewal must
be reviewed by a Designated Operational
Entity (DOE) for validity

 First Commitment Period: 2008-2012

CERs from a CDM Project Activity
Host Party w/ Annex I A total emission cap
no emission cap Party will of an Annex I Party
get CERs
GHG Emissions Projection

CERs are
CERs added
GHG Emissions

Non-Annex I /
Host Parties will
benefit from
project activities
resulting in CERs

Baseline Project Sustainable

Scenario Scenario Development

Specific Place in a
CER = 1 metric ton of CO2-e CDM in Charts. IGES. July 2007.
Host Party Photo fr
CDM Programme of Activities
CDM Project activities under a program of activities
(CPAs) can be registered as a single CDM project activity
provided that approved methodologies are used
Program of activities (PoA)
 Voluntary coordinated action by a private or public entity
 w/c coordinates and implements any policy/measure or
stated goal and
 w/c leads to GHG emission reductions or increased
removal by sinks additionally
via a # of CDM program activities
 PoA addressing mandatory policies and regulations are
permissible provided it is demonstrated that these
policies and regulations are not enforced as envisaged.
If enforced, the effect of PoA is to increase the
enforcement beyond the mandatory level required
State and Trends of the
Carbon Market
GHG emissions:
A new commodity is emerging
 Targets are expressed as levels of allowed emissions, or “assigned
amounts,” over the 2008-2012 commitment period, divided into
“assigned amount units” (AAUs).
Annex I countries that have emission units to spare - emissions
permitted them but not "used" – are allowed to sell this excess
capacity to Annex I countries that are over their targets
 Other units which may be transferred under the emissions trading
scheme, each equal to one tonne of CO2:
 A removal unit (RMU) on the basis of land use, land-use
change and forestry (LULUCF) activities such as reforestation
 An emission reduction unit (ERU) generated by a joint
implementation project
 A certified emission reduction (CER) generated from a CDM
project activity
 European Union Allowance (EUA)
 Carbon credits: both an environmental and a financial asset
 Environmental asset: reducing carbon emissions which
cause global warming & climate change
 Financial asset: being bought and sold in emerging carbon
Price and Payment
 Determined by supply and demand
 No official prices
 Most observers agree that issued CERs have a similar
value to EU Emissions Trading Scheme Allowances
 Approx. 20 € in August 2007
Based on Price Level for second period EUAs, the level of
most predictions for the price to be in average (Pomar/Marmet
Project Report, 30 August 2007)

 Approx. €15.62 for December 2008 delivery

The benchmark CER contract on the secondary market,
on the European Climate Exchange as of November 7

 Ave. EUA price seen at €29 in 2009-2012

PointCarbon 13 November 2008 analysis
Price and Payment
 Contract Types and Pricing
Type Contract Payment Pricing

I Now Immediate Immediate No discount

Future (against Some

II Now Future
delivery) discount

Immediate Substantial
III Now Future
(pre-payment) discount
Price and Payment
 Payment-against-delivery contracts

 Most common arrangement under current

 No principal risk for buyer even in case of
non-delivery (cf. pre-payment contracts)
 However, the buyer sustains reconstitution

→ In case of non-delivery, the buyer will have

to procure the contracted amount from other
sources to stay in compliance. This could be
Price and Payment
 Buyer Risks for Payment-against-
delivery contracts
CDM Project
Project Price
qualification implementation Discounting
status example
risk risk

CERs issued No No No USD 20

No Yes Some USD 10

No PDD Yes Yes Heavier USD 5

Strategy for Sellers
Depends on several factors:

 Up-front cash needs

 Ability to carry out CDM steps
 (with or w/o CDM professionals)
 Future price projection/minimum price

→At what level are you willing to lock in the

price under a payment-against-delivery
 Prerequisites for GoP Participation in CDM
 Philippine DNA for CDM
 Basic Policy of the Philippine DNA for CDM
 National Approval Criteria
 Sustainable Development Criteria
Prerequisites for CDM participation
 Participation in CDM
is voluntary
Climate Change Convention
Date of signature 12 June 1992
 A non-Annex I Party Date of ratification 2 August 1994
Date of entry into force 31 October 1994
may participate in Kyoto Protocol
CDM if it is a Party to Date of signature 15 April 1998
Date of ratification 20 November 2003
the Kyoto Protocol Date of entry into force 16 February 2005

 Parties participating Executive Order No. 320, series of 2004

Date of signature and 25 June 2004
in the CDM shall set effectivity
up a designated Promulgation of the Rules and
Regulations Governing the
national authority Implementation of EO No. 320
(DNA) for CDM Date of signature 31 August 2005
Date of effectivity 7 September 2005
Philippine DNA for CDM



Step 1 Step 2 Step 3 Step 4

Project Project Project Project
Application Evaluation Endorsement Approval/

TEC CDM Steering
Committee DNA Head
(Secretary of DENR)

Project Application Monitoring

CDM Secretariat
Basic Policy of the Philippine DNA
 Facilitate and promote CDM project activities that:

 contribute to the UNFCCC objective of stabilization of

GHG concentrations in the atmosphere at a level that
would prevent dangerous anthropogenic interference
with the climate system
 lead to the transfer of environmentally safe and
sound technology and know-how
 contribute to the conservation of biological diversity
and sustainable use of natural resources
 comply with all other pertinent laws and regulations
 provide measures to alleviate poverty

as part of their contribution to sustainable development

National Approval Criteria
 Sustainable development benefits and the legal
capacity to participate serve as the bases for
evaluating an application
 Phil. project proponents possess the legal
capacity to participate in the proposed CDM
project activity
 Authorization is required in order to open
accounts in CDM Registry
 Host Party that authorizes an entity’s participation
shall remain responsible for the fulfillment of
its obligations and ensure that such
participation is consistent with COP/MOP
Sustainable Development Criteria
 Sovereign Matter
 Host Country’s prerogative to confirm whether
a project activity assists it in achieving SD
 Approval Procedure up to Host Party

 Major Pillars
 Economic Dimension
 Environmental Dimension
 Social Dimension
Economic Dimension
Philippine CDM policy seeks to adhere to the
antipoverty goals articulated in the PA21 and
MTPDP by upholding project activities that:

 Provide livelihood and other economic

opportunities in the community
 Provide proper safety nets and
compensatory measures for affected
 Promote the use of cleaner, more efficient
and environment-friendly technology in the
 Provide new financial resources
Environmental Dimension
Philippine CDM policy recognizes that
ecological integrity is a key pillar of Philippine
SD by pushing CDM project activities that:

 Comply with environmental policies and


 Improve local environmental (e.g. air,

water, soil) quality

 Promote sustainable use of natural

Social Dimension
Philippine CDM policy works toward instituting
social order based on fairness and
provision of support systems that look
after the welfare of every Filipino by
supporting CDM project activities that:

 Provide education and training which build

the capacities of local stakeholders

 Provide vulnerable groups access to local

resources and services

 Promote local participation in the project

SD Impact
 Overall sustainable development impact
of a proposed project activity must be

 Paragraph 9.7 of DAO 2005-17 states:

“Project level indicators to be proposed by the
project proponent …shall be used to identify the
sustainable development impacts of a proposed
CDM project activity.”
Indicators should be:
- meaningful from a project level perspective
- measurable or quantifiable
 List of Sectoral Scopes
 Examples of Eligible CDM Project Activities
 CDM Market
 Status of CDM Project Activities to be implemented
in the Philippines
List of Sectoral Scopes
 Energy industries  Fugitive emissions from fuels
(renewable / Non- (solid, oil and gas)
 Fugitive emissions from
 Energy distribution
production & consumption of
 Energy demand halocarbons and sulphur
 Manufacturing industries
 Solvents use
 Chemical industry
 Waste handling & disposal
 Transport  Afforestation & reforestation

 Mining/Mineral production  Agriculture

 Metal production
Eligible CDM Project Activities
 Energy industries - renewable energy: wind/solar/hydro power
 Energy demand - energy efficiency: high efficiency
 Manufacturing - energy efficiency: high-efficiency equipment
- fuel switching: from coal to natural gas
 Transport - fuel substitution: biofuels
- energy efficiency: improved vehicle efficiency
 Mineral production - fuel substitution: coal mine methane
 Metal production - process change: dry coke quenching
 Waste handling - fuel substitution: landfill gas recovery,
and disposal wastewater treatment
 Afforestation and reforestation
 Agriculture - methane avoidance from biomass decay
Distribution of Registered Projects
by Scope
CDM Market
Annual Average Expected CERs until
CERs end of 2012

CDM project N/A > 2,900,000,000

pipeline: > 4200
of which:

--- 1051 are 230,535,302 > 1,340,000,000


--- 109 are 26,267,087 > 100,000,000

Registered CDM Projects by Host
1. 361: India
2. 295: China
3. 146: Brazil
4. 107: Mexico
5. 34: Malaysia
6. 26: Chile
7. 20: RP
1.66% of
TOTAL: 1,207
Project Participants Participants
Host Party Registration Annual ERs
Name of CDM Project Activity (Authorized by Host (Authorized by
Approval Date (tCO2/y)
Party) other Parties


CORPORATION (FFHC) First Farmers Holding
22 Jan 2007 10 Sept 2008 119,787 ENDESA Generacion, S.A.

Registered Philippine CDM Projects

Makati South Sewage Treatment Plant Magallanes Bio-Energy
2-Jan-08 14-Jun-08 28,729 Trading Emissions PLC
Upgrade with On-Site Power Corporation

Hedcor Sibulan 42.5 MW Hydroelectric

25-May-2007 6-Jun-08 95,174 Hedcor Sibulan, Inc.
Power Project

Laguna de Bay Community Waste IBRD as a Trustee of

Management Project: Avoidance Community
Laguna Lake Development
of methane production from 25-Apr-2007 16-Mar-2008 6,058 Development
biomass decay through Carbon Fund
composting -1 (CDCF)

Quezon City Controlled Disposal Facility

Pangea Green Energy
Biogas Emission Reduction 25-Apr-2007 01-Feb-2008 116,339 Quezon City Government

The Anaerobic Digestion Swine Opol Chona’s Farm ; Sunjin

Equity + Environment
Wastewater Treatment With On- Genetics Corporation ;
25-Apr-2007 17-Dec-2007 5,806 Assets Ireland
Site Power Bundled Project Philippine Bio-Sciences
(ADSW RP1001) Co., Inc.

Goldi-Lion Agricultural
Goldi-Lion Agricultural Development Development EcoSecurities Group Ltd 、
Corporation Methane Recovery 19-Oct-2006 8-Sep-2007 3,994 Corporation EcoSecurities
and Electricity Generation Project Philippine BioSciences Group Plc
Co., Inc. (PhilBIO)

Superior Hog Farm, Inc. EcoSecurities Group Ltd 、

Superior Hog Farms Methane Recovery 22-Jan-2007 7-Sep-2007 3,346 Philippine BioSciences EcoSecurities
Co., Inc. (PhilBIO) Group Plc

Bondoc Realty Methane Recovery and

Bondoc Realty Farm EcoSecurities Group Ltd 、
22-Jan-2007 7-Sep-2007 1,785 Philippine BioSciences EcoSecurities
Electricity Generation Project
Co., Inc. Group Plc

D&C Concepcion Farms, Inc. Methane D&C Concepcion Farms, Inc. EcoSecurities Group Ltd 、
Recovery and Electricity 19-Oct-2006 26-Aug-2007 3,348 Philippine BioSciences EcoSecurities
Generation Project Co., Inc. (PhilBIO) Group Plc

Philippine Sinter Corporation Sinter

Cooler Waste Heat Recovery 22-Jan-2007 5-May-2007 61,702 Philippines Sinter Corporation JFE Steel Corporation
Power Generation Project

San Carlos Renewable Energy Project 22-Jan-2007 13-Apr-2007 37,658 San Carlos Bioenergy Inc.
Host Party Registration Annual ERs Project Participants Participants
Name of CDM Project Activity
Approval Date (tCO2/y) (Authorized by Host Party) (Authorized by other
Parties involved)

Paramount Integrated
Paramount Integrated Corporation
Corporation; Philippine
Methane Recovery and Electricity 30-Jun-2006 31-Jan-2007 7,582 EcoSecurities Ltd.

Registered Philippine CDM Projects

BioSciences Co.,

International Bank for

Reconstruction and
Development as Trustee of
20 MW Nasulo Geothermal Project 30-Jun-2006 10-Dec-2006 74,975 PNOC-EDC
the Netherlands Clean
Development Mechanism

Philippine Bio-Sciences Co.,

Gaya Lim Farm Inc. Methane Recovery 30-Jun-2006 30-Oct-2006 3,130 Inc. EcoSecurities Ltd.
Gaya Lim Farm, Inc.

Philippine Bio-Sciences Co.,

Uni-Rich Agro-Industrial Corporation
Methane Recovery and Electricity 30-Jun-2006 28-Oct-2006 2,929 EcoSecurities Ltd.
Uni-Rich Agro-Industrial

Philippine Bio-Sciences Co.,

Joliza Farms Inc. Methane Recovery 30-Jun-2006 23-Oct-2006 3,656 EcoSecurities Ltd.
Inc.;/Joliza Farms Inc.

Gold Farm Livestocks Corporation Philippine Bio-Sciences Co.,

Methane Recovery and Electricity 30-Jun-2006 21-Oct-2006 2,929 ;
Inc. /Gold Farm Livestocks EcoSecurities Ltd.
Generation Corporation

Wastewater treatment using a

Tanduay Distillers,
Thermophilic Anaerobic Digestor at an 30-Jun-2006 1-Oct-2006 95,896 Mitsubishi Corporation
Inc.;/Absolut Chemicals, Inc
ethanol plant in the Philippines

North Wind Power The Netherlands

NorthWind Bangui Bay Project 16-Dec-2005 10-Sep-2006 56,788
Development Corporation Finland
Expected average annual CERs from
registered projects by Host Party
1. 122 M: China
2. 31 M: India
3. 19.5 M: Brazil
4. 14.6 M: R.Korea
5. 7.6 M: Mexico
6. 4.3 M: Chile
7. 4.1 M: Argentina
8. 2.6 M: Malaysia
9. 2.58 M: Indonesia
10. 2.56 M: So. Africa
11. 2.5 M: Qatar

731,611 : RP
0.32% of
TOTAL: 230,535,302
For your questions / queries:

CDM Helpdesk
DNA - CDM Secretariat Office
Environmental Management Bureau
2/F, HRDS Building, DENR Compound,
Visayas Avenue, Diliman, Quezon City
T: (+63-2) 920-2251; F: 928-4674