CARBON MONITOR INDIA CCX, CDM, VCU November 04 2010 Update
CDM STATUS (Source: UNEP RISO) CDM news: In October 98 new CDM projects entered the CDM Pipeline. The issuance of CERs in October was 10.2 MCERs. UNEP projection for the number of CERs issued until the end of 2012 decreased from 976 MCERs to 954 MCERs. Of the 114 MCERs on the issuance waiting list the 77 MCERs are from projects with issuance requests under various stages of completeness check by the UNFCCC Secretariat. The amount of CERs issued is now 450 Million CERs. The average issuance success is 96.2%. Only 802 out of the 2463 registered CDM projects have had issuance of CERs. The share of projects that have requested registration that is registered automatically is increasing, meaning that the time delay from the review cycle is decreasing. The CDM Pipeline now contains 5619 CDM projects after subtracting the 762 CDM projects where the DOEs terminated validation, the 162 where the DOEs gave a negative validation, the 173 projects rejected by the EB, and the 51 withdrawn projects. 207 are in the registration process. One new PoA was submitted in October, increasing the number of PoAs to 59: “Sichuan Rural PoorHousehold Biogas Development Programme� in China The data shows that the average approval time is 296 days for a full scale methodology, 188 days for a small-scale methodology, and 367 days for an A/R methodology.
Status of CDM projects At validation Request for registration Request for review Correction requested
Number 2949 95 60 28 24 207 51 173 162 762
Under review Total in the process of registration Withdrawn Rejected by EB Validation negative by DOE Validation terminated by DOE Registered, no issuance of CERs
1661 802 2463 6767
Registered. CER issued Total registered Total number of projects (incl. rejected & withdrawn) Types of CDM projects by status Type (rejected projects excluded) Afforestation Agriculture Biomass energy Cement CO2 usage Coal bed/mine methane Energy distribution EE households EE industry EE own generation EE service EE supply side Fossil fuel switch Fugitive Geothermal HFCs Hydro Landfill gas Methane avoidance N2O PFCs and SF6 Reforestation Solar Tidal Transport Wind Total
At validation Number 8 1 399 18 1 30 19 44 83 289 20 62 71 23 4 1 738 140 270 10 8 34 45 0 28 603 2949
kCERs 400 10 27214 3635 5 19028 5147 1465 3958 28695 249 27794 19342 7180 320 18 94255 15641 16104 2311 1747 3960 1552 0 3006 49477 332516
2012 kCERs 1839 18 85364 10732 17 58938 13265 3784 10388 91416 699 50014 54333 19094 1122 68 204859 42360 53195 6353 3882 9128 2890 0 7178 119146 850084
Request registration 2012 Number kCERs kCERs 0 0 0 0 0 0 12 973 2815 1 240 818 0 0 0 14 6386 18087 1 230 633 7 155 375 2 17 135 16 4284 12375 0 0 0 3 3475 600 6 3473 8771 2 1525 4026 2 1198 3529 0 0 0 65 8163 20018 9 1273 3390 9 349 854 0 0 0 1 155 350 0 0 0 1 23 57 0 0 0 1 218 491 55 6145 16451 207 38282 93775
Number of CDM projects in Asia by country South Korea 2%
Indonesia 2%
Pakistan 1% Philippines 2%
Sri Lanka 0.5%
Others 1%
Thailand 3% Vietnam 3%
China 50%
Malaysia 3% India 33%
Volume of CERs until 2012 in Asia by country
Indonesia 2%
South Korea 5%
Philippines 0.6%
Pakistan 1%
Top 20 CDM buyers EcoSecurities Tricorona Carbon Asset Management Sweden EDF Trading Vitol Mitsubishi RWE Carbon Resource Management AgCert CAMCO Danish Ministry of Climate & Energy Noble Carbon Trading Emissions Bunge Emissions Group MGM Carbon Portfolio Cargill International ENEL KfW Agrinergy Kommunalkredit Marubeni
Projects 295
Sri Lanka 0%
Thailand 1% Vietnam 1%
Others 0%
Malaysia 2% India 20%
China 67%
Top 20 PDD consultants EcoSecurities Beijing Tianqing Power International CDM Consulting AgCert PricewaterhouseCoopers CasperVanderTak WB-CF CAMCO Carbon Resource Management CWEME Ecoinvest Agrinergy Mitsubishi UFJ Securities Tsinghua University Zenith Energy Services Easy Carbon AGET Econergy Hunan CDM Project Service Center Senergy Global MGM
175 136 124 105 99 99 96 84 72 70 67 65 64 62 61 58 58 57 56
Days
Jun/05 Aug/05 Oct/05 Dec/05 Feb/06 Apr/06 Jun/06 Aug/06 Oct/06 Dec/06 Feb/07 Apr/07 Jun/07 Aug/07 Oct/07 Dec/07 Feb/08 Apr/08 Jun/08 Aug/08 Oct/08 Dec/08 Feb/09 Apr/09 Jun/09 Aug/09 Oct/09 Dec/09 Feb/10 Apr/10
Days
Time used for Completeness Check
180
160
140
120
100
80
60
40
20
0
The average time to get a new methodology approved or rejected
400
350
300
250
200
Rejected
150
Approved
100
50
0
Large-scale
Small-scale
A/R
RETIRED VOLUNTARY CARBON CREDITS (VCS) FROM INDIA From Vintage
To Vintage
VCU Quantity
Project ID
April-09
September-09
100
93
April-09
September-09
150
93
January-09
October-09
33000
404
June-08
November-08
148
51
June-08
November-08
11
51
April-08
June-08
10
93
April-08
June-08
9
93
April-08
June-08
2
93
April-08
June-08
1150
93
January-08
May-08
352
109
January-08
December-08
3427
404
January-08
October-08
30037
145
January-08
March-08
20264
127
January-08
March-08
2
127
January-08
December-08
1019
429
January-08
June-08
20769
37
Project Name 86 MW Hydro Project in Himachal Pradesh 86 MW Hydro Project in Himachal Pradesh Bundled Wind Power project in Tamil Nadu managed by Enercon India Limited – II 29.70 MW Wind Power project in Karnataka India 29.70 MW Wind Power project in Karnataka India 86 MW Hydro Project in Himachal Pradesh 86 MW Hydro Project in Himachal Pradesh 86 MW Hydro Project in Himachal Pradesh 86 MW Hydro Project in Himachal Pradesh 8.25 MW Bundled Wind Power Project Bundled Wind Power project in Tamil Nadu managed by Enercon India Limited – II Enercon Bundled Wind power projects (2004 Policy) in Rajasthan Fuel switchover from higher carbon intensive fuels to Natural Gas (NG) at Indian Farmers Fertiliser Cooperative Ltd (IFFCO) in Phulpur Village, Allahabad, Uttar Pradesh by M/s Indian Farmers Fertiliser Cooperative Ltd (IFFCO) Fuel switchover from higher carbon intensive fuels to Natural Gas (NG) at Indian Farmers Fertiliser Cooperative Ltd (IFFCO) in Phulpur Village, Allahabad, Uttar Pradesh by M/s Indian Farmers Fertiliser Cooperative Ltd (IFFCO) Grouped Wind Power Project in India ISLWASTE HEAT RECOVERY PROJECT
Issuing Registry Caisse des Depots Caisse des Depots
APX APX APX Caisse des Depots Caisse des Depots Caisse des Depots Caisse des Depots APX
APX
APX
APX
APX TZ1 Limited APX
January-08
June-08
4492
37
January-08
June-08
2597
37
January-08
May-08
7226
346
September07
June-09
4268
292
May-07
May-08
10508
285
May-07
December-07
11754
37
April-07
December-07
15445
136
April-07
April-09
25453
306
April-07 February07
March-08
9123
93
December-07
29649
346
January-07
October-07
100
1
January-07
December-07
4239
109
January-07
March-07
1625
93
January-07
March-07
3035
93
January-07
March-07
5340
93
January-07
December-07
31616
145
January-07
April-07
4744
43
January-07
December-07
79734
127
January-07
December-07
725
2
January-07
December-07
12015
2
October-06
December-06
2902
145
ISLWASTE HEAT RECOVERY PROJECT ISLWASTE HEAT RECOVERY PROJECT Wind power project by GFL in Gudhepanchgani 150 MW grid connected Wind Power based electricity generation project in Gujarat, India. Rice husk based Co generation project at Dujana unit of KRBL Limited ISLWASTE HEAT RECOVERY PROJECT Tungabhadra Wind Power Project. 8.5 MW Wind Energy Project by KS Oils Limited, India 86 MW Hydro Project in Himachal Pradesh Wind power project by GFL in Gudhepanchgani 7.25 MW wind energy project of Aruppukottai Sri Jayavilas Ltd 8.25 MW Bundled Wind Power Project 86 MW Hydro Project in Himachal Pradesh 86 MW Hydro Project in Himachal Pradesh 86 MW Hydro Project in Himachal Pradesh Enercon Bundled Wind power projects (2004 Policy) in Rajasthan Fuel Switch from fossil fuel to renewable biomass for thermal energy applications in Rajasthan Fuel switchover from higher carbon intensive fuels to Natural Gas (NG) at Indian Farmers Fertiliser Cooperative Ltd (IFFCO) in Phulpur Village, Allahabad, Uttar Pradesh by M/s Indian Farmers Fertiliser Cooperative Ltd (IFFCO) LITL's Wind Power Project at Tamilnadu LITL's Wind Power Project at Tamilnadu Enercon Bundled Wind power projects (2004
APX APX TZ1 Limited
APX Caisse des Depots APX APX
APX Caisse des Depots TZ1 Limited
APX APX Caisse des Depots Caisse des Depots Caisse des Depots
APX
TZ1 Limited
APX TZ1 Limited TZ1 Limited APX
September06
December-06
1260
2
July-06
September-08
19964
132
April-06
December-09
550
423
April-06
November-08
30171
170
April-06
November-08
31041
170
April-06
December-08
5322
134
April-06
December-08
926
134
April-06
December-08
866
134
April-06
December-08
207
134
April-06
December-08
448
134
April-06
December-06
1
147
April-06
March-07
21222
101
April-06
December-07
14281
429
March-06
June-08
1
297
March-06
June-08
7466
297
March-06
June-08
80
297
March-06
June-08
88
297
Policy) in Rajasthan LITL's Wind Power Project at Tamilnadu 9 MW Neria Hyrdroelectric project, Karnataka, India 2.225 MW wind power project in Tamil Nadu, India. 22.5 MW grid connected wind farm project by RSMMLin Jaisalmer,India 22.5 MW grid connected wind farm project by RSMMLin Jaisalmer,India 3.9 MW Bundled renewable energy project in Tamil Nadu, India 3.9 MW Bundled renewable energy project in Tamil Nadu, India 3.9 MW Bundled renewable energy project in Tamil Nadu, India 3.9 MW Bundled renewable energy project in Tamil Nadu, India 3.9 MW Bundled renewable energy project in Tamil Nadu, India 9.75 MW WIND POWER PROJECT AT CHITRADURGA, KARNATAKA, INDIA BY ESWARI GROUP. Bagasse based Cogeneration Power Project at Khatauli Grouped Wind Power Project in India Generation of Electricity from 3.2 MW Capacity Wind Mills by Gujarat JHM Hotels Ltd at Bhambarwadi, Maharashtra Generation of Electricity from 3.2 MW Capacity Wind Mills by Gujarat JHM Hotels Ltd at Bhambarwadi, Maharashtra Generation of Electricity from 3.2 MW Capacity Wind Mills by Gujarat JHM Hotels Ltd at Bhambarwadi, Maharashtra Generation of Electricity from 3.2 MW Capacity Wind Mills by
TZ1 Limited APX
APX
APX APX
APX
APX
APX APX
APX
APX APX TZ1 Limited
Caisse des Depots
Caisse des Depots
Caisse des Depots Caisse des Depots
March-06
June-08
30
297
March-06
June-08
11219
431
March-06
December-06
1020
43
March-06
December-06
12574
43
January-06
December-06
2561
109
January-06
December-06
2910
128
October-05
March-06
12220
101
August-05
December-05
1495
68
August-05
December-05
722
68
August-05
December-05
5
68
August-05
December-05
1000
68
August-05
December-05
695
68
May-05
July-07
16500
387
Gujarat JHM Hotels Ltd at Bhambarwadi, Maharashtra Generation of Electricity from 3.2 MW Capacity Wind Mills by Gujarat JHM Hotels Ltd at Bhambarwadi, Maharashtra 6.2 MW Bundled Wind Power Project in India Fuel Switch from fossil fuel to renewable biomass for thermal energy applications in Rajasthan Fuel Switch from fossil fuel to renewable biomass for thermal energy applications in Rajasthan 8.25 MW Bundled Wind Power Project Promotion of Low cost Irrigation Device in Eastern States of India Bagasse based Cogeneration Power Project at Khatauli 119.8 MW Natural Gas based Combined Cycle Power Plant, at Tanjavur, Tamilnadu by M/s Aban Power Company Limited 119.8 MW Natural Gas based Combined Cycle Power Plant, at Tanjavur, Tamilnadu by M/s Aban Power Company Limited 119.8 MW Natural Gas based Combined Cycle Power Plant, at Tanjavur, Tamilnadu by M/s Aban Power Company Limited 119.8 MW Natural Gas based Combined Cycle Power Plant, at Tanjavur, Tamilnadu by M/s Aban Power Company Limited 119.8 MW Natural Gas based Combined Cycle Power Plant, at Tanjavur, Tamilnadu by M/s Aban Power Company Limited Electricity generation by utilization of waste heat from calcined petroleum
Caisse des Depots TZ1 Limited
TZ1 Limited
TZ1 Limited APX
APX
APX
TZ1 Limited
TZ1 Limited
TZ1 Limited
TZ1 Limited
TZ1 Limited APX
January-05
December-05
1404
364
January-05
December-05
1054
128
January-04
December-06
15000
469
January-02
December-02
4000
93
July-01
December-01
35
93
July-01
December-01
80
93
July-01
December-01
5
93
July-01
December-01
22000
93
coke production process Bundled 15 MW Wind Power Project in India Promotion of Low cost Irrigation Device in Eastern States of India Installation of Low Green House Gases (GHG) Emitting Rolling stock cars in Metro System 86 MW Hydro Project in Himachal Pradesh 86 MW Hydro Project in Himachal Pradesh 86 MW Hydro Project in Himachal Pradesh 86 MW Hydro Project in Himachal Pradesh 86 MW Hydro Project in Himachal Pradesh
TZ1 Limited
APX
APX Caisse des Depots Caisse des Depots Caisse des Depots Caisse des Depots Caisse des Depots
CHICAGO CLIMATE EXCHANGE
Qty
Price
Trade Date
Vintage
(contracts)
(per metric ton)
Type of Transaction
10/01/10
2010
4
$5.00
Non-Platform
10/01/10
2009
19
$5.00
Non-Platform
10/01/10
2009
1
$5.00
Non-Platform
10/01/10
2009
3
$5.00
Non-Platform
10/01/10
2009
12
$5.00
Non-Platform
10/01/10
2009
5
$5.00
Non-Platform
10/01/10
2009
16
$5.00
Non-Platform
10/01/10
2010
5
$5.00
Non-Platform
10/01/10
2009
15
$5.00
Non-Platform
10/01/10
2005
35
$0.10
Non-Platform
10/08/10
2009
3
$2.75
Non-Platform
10/15/10
2009
14
$2.75
Non-Platform
TOTAL
132
CFI Delivered USA Agricultural Methane USA Agricultural Methane USA Agricultural Methane USA Agricultural Methane USA Agricultural Methane USA Agricultural Methane USA Agricultural Methane USA Agricultural Methane USA Agricultural Methane Allowance USA Agricultural Methane USA Agricultural Methane
KEY DATA