mechanics

How the small-scale electrical programme works (UNFCCC ID: PoA 7484)

Step 1

Inclusion into programme

  • Sign an agreement between system owner and Caron Corp
  • Seeding rights to claim for CERs for the PV system to Carbon Corp
  • Subscription to the UNFCCC programme (PoA 7484)
  • The system owner will install any missing monitoring equipment (if required)

Carbon Corp and associates will prepare documentation and register the project with UNFCCC ID: PoA 7484

Step 2

Monitoring and reporting

  • Carbon Corp and associates will collect data from system and verify its accuracy
  • The system owner will calibrate meters as per required standards (SANS 474:2009/ NRS 057:2009) (if required)
  • The system owner will submit data to CC or specified associates
  • CC and associates will prepare the monitoring report
  • CC and associates will arrange for the monitoring report audit by independent party accredited by UNFCCC

UNFCCC will approve monitoring report if audit successful

Step 3

CER issuance and payment

  • CERs issued by UNFCCC
  • CER’s transferred to the South African Department of Energy carbon credit platform
  • CC will pay System owner, the agreed price per CER upon cancellation of the CER’s on the Department of Energy’s platform.

Carbon Corp scope of works per Emissions Reductions Purchase Agreement

POA inclusion

  • Preparation of documentation for project inclusion into UNFCCC ID: PoA 7484
  • Appointment of an independent auditor accredited by UNFCCC to validate the documentation and the projects
  • Communication with UNFCCC and final inclusion into PoA 7484

Annual monitoring

  • Calculation of GHG emissions reduced by the projects
  • Calculation of CERs generated
  • Preparation of annual monitoring reports

CER issuance

  • Appointment of an independent auditor accredited by UNFCCC to verify the monitoring reports and GHG emission reductions archived
  • Communication with UNFCCC and CER issuance

CER sale

  • Carbon Corp will pay to the project owner upon  cancellation of the CER’s on the Department of Energy’s platform,  an agreed rand value per CER issued

The project owner will not be liable for any of the costs involved in the process of monitoring, verifying, auditing or issuing the CER’s associated with the relevant project(s)

Definitions

“Carbon Credit” is a generic term for any tradable certificate or permit representing the right to emit one tonne of CO2 equivalent.
“CDM” is a mechanism under the Kyoto Protocol through which developed countries may finance greenhouse-gas emission reduction or removal projects in developing countries, and receive credits for doing so which they may apply towards meeting mandatory limits on their own emissions.
“CER” is a Kyoto Protocol unit equal to 1 metric tonne of CO2 equivalent. CERs are issued for emission reductions from CDM project activities.
“DOE” is a designated operational entity, an independent auditor accredited by UNFCCC.
“PoA” is a voluntary coordinated action by a private or public entity which coordinates and implements any policy/measure or stated goal, which leads to anthropogenic GHG emission reductions.
“UNFCCC” is United Nations Framework Convention on Climate Change
DOE_SA Department of Energy in South Africa