ABSTRACT
The rules that govern such domestic projects have yet to be finalised but are likely to follow closely the rules for JI projects. The main requirement will be that such projects will need to demonstrate that any proposed emissions reductions will be additional to a ‘business as usual’ baseline. In essence, this means that the project would not have been undertaken as a part of the company’s normal development or expansion, but has been implemented solely or largely for the purpose of achieving emissions reductions. It is also envisaged that such projects will be subject to monitoring and verification procedures to at least the same standards as overseas JI and CDM projects will be.
