11:42 27 Nov 24
Info Report Check
Submission incomplete:
1: The coordinating/managing entity did not include conditions that would systematically demonstrate additionality of CPAs under the proposed CDM PoA in the eligibility criteria for inclusion of CPAs in the PoA. Please refer to paragraph 39 of the PS-PoA version 2.0.
Section C of the PoA-DD should contain the contain the assessment of the additionality of the PoA, however this section contains details to assess the additionality for the large-scale and small-scale generic components. These explanations should be moved to the specific section of the applicable generic components.
2: The coordinating/managing entity did not set out the required conditions for a proposed CPA to be included in the PoA according to the eligibility criteria defined for inclusion of CPAs in the proposed CDM PoA. Please refer to paragraph 123 of the PS-PoA version 2.0.
Eligibility criteria 7 of the generic components describes how additionality will be demonstrated for each type of CPA, where the “Supporting evidence for inclusion” column states that the description of the process to demonstrate additionality is indicated in Section C of the PoA-DD. This section contains “Table 2: Parameters for calculating benchmark Project IRR”, which indicates that some parameters are to remain fixed in the PoA-DD (i.e. Required return on Equity, Risk Free Rate and Tax Rate in Colombia) when conducting investment analysis. However, paragraph 124(g)(iv) of the PS-PoA version 2.0 states that when investment analysis is used to demonstrate additionality, (i) the input parameters and (ii) the technical and economical criteria range shall be defined, and the actual values applicable to that CPA at the time of inclusion shall be used in the investment analysis.
3: The DOE did not assess how each eligibility critera to meet the requirement pertaining to the demonstration of additionality was defined in accordance with the applicable requirements in the “CDM project standard for programme of activities”. Please refer to paragraph 137 of the VVS-PoA version 2.0
The DOE validated that the demonstration of additionality through eligibility criteria 7 will be demonstrated following the process in Section C of PoA-DD. However, Section C of the PoA-DD contains the “Table 2: Parameters for calculating benchmark Project IRR”, which indicates that some parameters are to remain fixed in the PoA-DD (i.e. Required return on Equity, Risk Free Rate and Tax Rate in Colombia) when conducting investment analysis. This is not inline with paragraph 124(g)(iv) of the PS-PoA version 2.0, which states that when investment analysis is used to demonstrate additionality, (i) the input parameters and (ii) the technical and economical criteria range shall be defined, and the actual values applicable to that CPA at the time of inclusion shall be used in the investment analysis.
1: The coordinating/managing entity did not include conditions that would systematically demonstrate additionality of CPAs under the proposed CDM PoA in the eligibility criteria for inclusion of CPAs in the PoA. Please refer to paragraph 39 of the PS-PoA version 2.0.
Section C of the PoA-DD should contain the contain the assessment of the additionality of the PoA, however this section contains details to assess the additionality for the large-scale and small-scale generic components. These explanations should be moved to the specific section of the applicable generic components.
2: The coordinating/managing entity did not set out the required conditions for a proposed CPA to be included in the PoA according to the eligibility criteria defined for inclusion of CPAs in the proposed CDM PoA. Please refer to paragraph 123 of the PS-PoA version 2.0.
Eligibility criteria 7 of the generic components describes how additionality will be demonstrated for each type of CPA, where the “Supporting evidence for inclusion” column states that the description of the process to demonstrate additionality is indicated in Section C of the PoA-DD. This section contains “Table 2: Parameters for calculating benchmark Project IRR”, which indicates that some parameters are to remain fixed in the PoA-DD (i.e. Required return on Equity, Risk Free Rate and Tax Rate in Colombia) when conducting investment analysis. However, paragraph 124(g)(iv) of the PS-PoA version 2.0 states that when investment analysis is used to demonstrate additionality, (i) the input parameters and (ii) the technical and economical criteria range shall be defined, and the actual values applicable to that CPA at the time of inclusion shall be used in the investment analysis.
3: The DOE did not assess how each eligibility critera to meet the requirement pertaining to the demonstration of additionality was defined in accordance with the applicable requirements in the “CDM project standard for programme of activities”. Please refer to paragraph 137 of the VVS-PoA version 2.0
The DOE validated that the demonstration of additionality through eligibility criteria 7 will be demonstrated following the process in Section C of PoA-DD. However, Section C of the PoA-DD contains the “Table 2: Parameters for calculating benchmark Project IRR”, which indicates that some parameters are to remain fixed in the PoA-DD (i.e. Required return on Equity, Risk Free Rate and Tax Rate in Colombia) when conducting investment analysis. This is not inline with paragraph 124(g)(iv) of the PS-PoA version 2.0, which states that when investment analysis is used to demonstrate additionality, (i) the input parameters and (ii) the technical and economical criteria range shall be defined, and the actual values applicable to that CPA at the time of inclusion shall be used in the investment analysis.
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