Call for inputs on significant deficiencies (23 July 2012 to 10 August 2012, 24:00 GMT)

The CDM Executive Board, at its sixty-eighth meeting, agreed to launch a call for inputs for establishing a reserve/pool structure to complement the draft procedure for addressing significant deficiencies in past validation, verification and certification reports (draft Procedure) and, in particular, to request input on:

1. The purpose of such a reserve/pool:

• a. Is it a form of mutual insurance for Designated Operational Entities?
• b. Is it an "environmental integrity fund" compensating for excess issuance outside of the draft Procedure?
• c. Is there another associated rationale?

2. How the reserve/pool could be created;

3. Who should manage the reserve/pool;

4. How moral hazard in the use of the reserve/pool could be avoided.

The call was open from 23 July to 10 August 2012 (24:00 GMT).

Submission Date	Submission
02 August 2012 at 10:50 GMT+2	DIA - Werner Betzenbichler (56 KB)
09 August 2012 at 15:19 GMT+2	International Emissions Trading Association (IETA) (174 KB)
09 August 2012 at 23:37 GMT+2	The World Bank (67 KB)
10 August 2012 at 11:47 GMT+2	Rachel Child (222 KB)