Despite an oversupply of credits and waning confidence in the CDM from both market players and civil society watchdogs, the report presented an optimistic and biased view of the CDM and its future while failing to recommend concrete solutions to address some of its fundamental flaws, such as
additionality testing.
This project - specific
additionality test is put in place to ensure that the offset project definitely relies on the carbon market to be developed, ensuring that the offsets are coming only from reductions that go beyond business as usual.
For example, complex
additionality tests were criticised as inefficient by both offset buyers and sellers; and NGOs dismissed them as «window dressing.»
In order to qualify as emissions credits, offsets must finance projects that would otherwise not have Carbonzero's offset projects pass
additionality tests to ensure offset quality.
Not exact matches
We've done projects in South America where we've been
testing scientific issues that are some of the bugaboos of forest carbon, including things like leakage,
additionality, and permanence.
This technical document clarifies the concept of
additionality and its significance for crediting mechanisms; describes the different approaches that have been used to demonstrate or
test additionality; and explores the implications of the evolving carbon markets on the application and importance of
additionality.
It is important to note that carbon offset verification standards use different
tests to determine
additionality.
As a preliminary
test of this theory, I compare the latest data on the magnitude, distribution and financial «
additionality» of climate funds and carbon markets.
Although some early forest offsets were criticized for failing to meet the key
tests of
additionality, permanence and leakage, renewed interest in forest conservation has led to improved monitoring.
No
test for
additionality can provide certainty about what would have happened otherwise.
As a firm believer in the concept of
additionality - basically, would the proposed renewable energy project have happened under «business as usual» conditions - he explained that offsets would only gain the upper hand through: «public perception (from closer press scrutiny of REC financial figures); possible consumer fraud lawsuits
testing deceptive marketing statutes; and perhaps most importantly a thriving domestic offset market built around regional climate schemes such as the Regional Greenhouse Gas Initiative, AB 32 in California, the Western Climate Initiative, and possibly a national cap - and - trade scheme down the road.»