The intentions paper for the regulation was posted in July 2008. Comments were solicited for a period of 45 days. The intentions paper and a summary of the comments received are available here:
Key elements of the regulation which differ from the intentions paper include:
- Projects will not be excluded strictly on the basis of being "common practice" (i.e. not widely observed nor commonly carried out in the relevant sector and region), but the proponent must demonstrate financial, technological, or other obstacles to carrying out the project.
- Where projects involve carbon capture and storage or biosequestration, a proponent must establish a risk mitigation and contingency plan for reversals
- A time-limited transition provision allows for ex-ante reductions (recognition of reductions before they have actually occurred).
Top