Explain a carbon projects life cycle in terms of the CDM?

Question

Accepted Answer

CDM carbon projects go through a life cycle of identification, validation, registration, monitoring, verification, and issuance.

Identification: project developers identify potential projects that can reduce greenhouse gas emissions.
Validation: an independent third party assesses the project's design and confirms that it meets CDM requirements.
Registration: the project is registered with the CDM Executive Board.
Monitoring: the project's emissions reductions are monitored and reported regularly.
Verification: an independent third party verifies the emissions reductions achieved by the project.
Issuance: the CDM Executive Board issues Certified Emission Reductions (CERs) to the project developer, which can be sold on the carbon market.
Example: a wind farm project in India that reduces emissions by displacing fossil fuel-based electricity generation.

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