Do projects need to demonstrate early consideration of carbon finance in line with Annex 46 of EB 41?
Additionality is a key tenet of the VCS and the requirement that projects must be validated within two years of the project start date (noting the deadline extension granted in the VCSA policy announcement of 10 September 2008) ensures that only projects that intended to pursue carbon finance from the outset are eligible. Given this requirement, projects are not required to demonstrate prior consideration of carbon finance in line with Annex 46 of CDM Executive Board meeting 41, which requires project participants to inform a Host Party DNA and/or the UNFCCC secretariat in writing of the commencement of the project activity and of their intention to seek CDM status. However, validators will apply their professional judgment when validating projects and are entitled to request that projects demonstrate early consideration of carbon finance when they deem this appropriate.
