Handbook for Developing Joint Crediting Mechanism Projects by Asian Development Bank;

Author:Asian Development Bank;
Language: eng
Format: epub
Publisher: Asian Development Bank Institute
Published: 2016-08-15T00:00:00+00:00

4.6MONITORING PLAN

The monitoring plan of a JCM project is prepared using the monitoring plan sheet and monitoring structure sheet of the monitoring spreadsheet included in the latest approved methodology applied for the proposed project. The monitoring plan is included as an attachment to the PDD rather than allotted a specific section within the PDD.

4.6.1Monitoring Plan Sheet

The monitoring plan sheet consists of two sections, the input worksheet (MPS [input]), and the calculation process worksheet (MPS [calc_process]). Project participants input estimated values for each parameter in the MPS(input), including those fixed ex ante for parameters not to be monitored.32 For each parameter, the project participant is required to specify the following in line with the applied methodology:

– Estimated values: Provide an estimated value for the parameter for the purpose of calculating emission reductions of the proposed project ex ante;

– Monitoring options: Select an option from options A to C, if such option is available:

Option A: based on public data that is measured by entities other than the project participants (data used: publicly recognized data such as statistical data and specifications);

Option B: based on the amount of transaction that is measured directly using measuring equipment (data used: commercial evidence such as invoices);

Option C: based on the actual measurement using measuring equipment (data used: measured values);

– Source of data, measurement methods and procedures, monitoring frequency: detailed information specific to the proposed project may be added in line with the applied methodology.

Box 5: Selecting the Monitoring Option

Project participants are required to select monitoring option(s) for each parameter, where Option A allows the use of public data, such as official statistics for monitoring, and Option B accepts the use of transaction data, such as commercial evidence. Actual measurement using measuring equipment is required for Option C.

In many cases, methods under Options A and B are less burdensome for project participants to monitor, as Option C requires the use of measurement equipment, which may only be used for JCM monitoring. Such equipment is required to be calibrated in accordance with the laws and regulations of the host country, or in line with international standards or manufacturers’ specification. At the same time, Option C may allow a more accurate measurement of the project, enable counting of more emission reductions.

Source: Authors.

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