Eligible Emission Reductions

The complete eligibility criteria for the first auction is listed below and can also be downloaded>> Eligibility Criteria

For its first auction, the PAF will accept emission reductions that comply with the following eligibility criteria:

1.         Certified Emission Reductions Eligibility
2.         Eligible Methodologies
3.         Eligible Countries
4.         Eligible Generation / Issuance Period
5.         Environmental, Health & Safety and Social Criteria (EHS), and Integrity Criteria

A.  Certified Emission Reductions Eligibility

To be eligible to exercise the put option, a qualified emission reduction (ER) must satisfy all of these six criteria at the time of exercise:

• Be a Certified Emission Reduction (CER)
• Not be subject to a purchase agreement contract with a third-party
• Originate from a project or program of activities that uses at least one of the methodologies listed in the eligible methodologies table
• Originate from a project or program of activities in a host country or countries listed in the eligible countries table
• Have a CDM Issued Date and a Monitoring Period that are compliant with the Eligible Generation / Issuance Periods
• Be accompanied by a passing Environmental, Health & Safety and Social (EHS), and Integrity report from the project or program of activities from which it originated

B.  Eligible Methodologies

The emission reductions must be Certified Emission Reductions (CERs) from a CDM project or program of activities that uses at least one of the methodologies listed in the table below and may, for the avoidance of doubt, be part of a POA which includes CPAs using methodologies other than those in the methodologies listed below, so long as at least one of the methodologies is listed below.