Another proposal would replace the CDM with a fund for developing countries to build green projects without generating credits — thereby eliminating the entire
concept of additionality.
We see many problems with the current market systems under the convention, volatile credit prices, lack of real emissions reduction, rampant
lack of additionality, lack of environmental integrity and human rights violations.
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.
In addition to meeting the Climate Action Reserve's stringent requirements, the project has been tested for financial additionality in accordance with the UNFCCC Tool for the Demonstration and
Assessment of Additionality.
A similar
abuse of the additionality criteria is arising over the destruction of trifluoromethane (HFC - 23) gas, which generates three - quarters of the CDM's emission reduction credits.
Plans include independent evaluations of financed activities including verification of emission reductions, seek to achieve significant CO2 reductions over the shortest time frame, require
proof of additionality taking into consideration existing laws like I - 937, and shall provide sufficient funding to mitigate increases in electric and natural gas costs from the carbon tax for qualifying low - income households.
«The bottom line,» Mr. Freedman added, «is that you need to investigate whether the R.E.C. transaction satisfies the
principle of additionality.
Begg, K. and D. van der Horst, 2004: Preserving environmental integrity in standardised baselines: The
role of additionality and uncertainty.
Writing last year at the online journal Nature Reports Climate Change, a Web site of Nature Publishing Group, an assembly of five scientists and climate experts called the fuzzy
notion of additionality the «most vexing» challenge facing the offsets trade — particularly in voluntary markets like those in the United States.
Even if we do get some sort of moot text out of Doha, we will still have to deal with its inadequacy,
lack of additionality, and disproportional split between mitigation and adaptation.
A reputable offset program will not sell such offsets, since they would not meet the
test of additionality.
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.