|
CO2
Emission Reductions
CO2 Emission
Calculation
Project life = 70 years
|
CO2
|
28,571 metric tons
per year
|
2,000,000 metric
tons
|
|
Baseline
Calculation:
The
total amount of CO2 emissions reductions that the
Project will produce is approximately 2 million
metric tons of CO2 equivalent.
The
Carbon Offset verification of the Pozo del Tume
project will conducted in two phases:
a)
Pre Assessment
The
Pre-Assessment primarily aims to: (i) understand
the requirements of Carbon Offset Verification;
(ii) develop a broad picture and understanding of
the management systems and practices. The
information gathered is also used to plan the key
steps of the main assessment, including the
logistics and specialists required to undertake
the:
-
Assessment
against the Eligibility Criteria
-
Assessment
of Scientific Methodology
-
Risk
and Uncertainty Assessment
-
Quantification
of Carbon Offsets
This
initial phase involves discussion about the main
characteristics of the project, possibility
including a field visit. Preliminary analysis of
project design and scientific validity is
conducted in order to define the type of service
required. Other issues such as data availability
and quality also have to be considered.
This
phase primarily aims to provide both certifier and
project management with a solid understanding of
each other's roles, responsibilities and
contributions, to ascertain an effective and
efficient certification process with maximum value
added to the project.
b)
Main Assessment
This
phase includes a qualitative and quantitative
analysis of the project, conducted both in the
office and during field visits, entailing:
Qualitative
analysis:
-
Suitability
assessment - detailed analysis of project
design in order to ascertain whether it meets
certain carbon offset eligibility criteria
(see below)
-
Assessment
of the scientific methodology of the project,
focusing on data availability and data
quality;
-
Assessment
of the project's management capability and
infrastructure, to determine it's ability to
accomplish the targets proposed;
Quantitative
analysis:
-
Verification
of projections of carbon flows derived from
the project by quantifying carbon flows of
with - without - (baseline) project scenarios.
-
Risk
and uncertainty assessment quantifying all
carbon offsets that are not a hundred percent
certain. These offsets are separated from
guaranteed offsets and placed in a buffer
(offsets not authorized to be traded).
-
These
assessments result in a Schedule of Emission
Reduction Units that indicates the emission
reduction units that will be achieved by the
project during the lifetime (provided it is
implemented as described in the associated
project design). Furthermore, it determined
which proportion of the offsets must be
retained in the buffer to cover for the risk
and uncertainty.
Monitoring
and Verification:
Ctrade.org
a company based in Arizona will conduct project
monitoring and long-term verification of GHG
emissions reductions for the Project.
Information
will be collected by the monitoring system and
will be used to evaluate actual emissions
reductions (impacts vs. projections). The
monitoring system will be set up to collect data
and to track verify that the projections are
established by the actual measured and recorded
emissions. |