UN seeking to buy 350k CERs

Published 17:29 on September 18, 2015  /  Last updated at 11:08 on October 30, 2018  /  Africa, Americas, Asia Pacific, Bavardage, Kyoto Mechanisms, Other APAC, South & Central  /  No Comments

The UN has launched a tender to buy a total 350,000 CERs from multiple regions and projects with co-benefits, according to an ‘invitation to bid’ (ITB) document.

The UN has launched a tender to buy a total 350,000 CERs from multiple regions and projects with co-benefits, according to an ‘invitation to bid’ (ITB) document.

The tender, which was launched on Sep. 8 by the UN’s Office for Project Services (UNOPS), invites holders of CERs from various regions to submit bids, as well as those with CERs from LDCs, Gold Standard-certified credits and CERs with co-benefits relating to the health, safety and welfare of people living near the projects.

The deadline to offer credits is Sep. 25 at 0900 GMT, the document said. The contracts will then be awarded on Oct. 12, with deliveries to commence Oct. 30.

To be eligible, the CERs must:
– Not be grey CERs (those generated by HFC or other industrial gas destruction projects)
– Not come from large hydro projects (those with capacity greater than 20MW), unless they meet the guidelines of the World Commission on Dams (external verification of compliance is required).
– Not come from coal-based projects, for example coal mine methane
– Not have been generated earlier than 2012 and must have been verified and issued by the time of the purchase order
– Be cancelled within three weeks from the date of signing the contract. Proof of cancellation is required.

The breakdown of the types of CERs to be procured by UNOPS is as follows:
– 15,000 Standard CERs (that meet the above criteria)
– 20,000 CERs from Africa
– 75,000 CERs from Latin America and the Caribbean
– 75,000 CERs from Southern Asia
– 75,000 CERs from South-eastern Asia
– 30,000 Standard Gold Standard CERs
– 20,000 CERs from Least Developed Countries
– 20,000 Gold Standard CERs from projects with additional documented co-benefits for women
– 20,000 CERs from projects with additional documented co-benefits in terms of improvements to health, safety and the welfare of local people

UNOPS did not clarify what would be done with the CERs but it is expected that they will be used to offset the carbon footprint of the UN and its various agencies.

Click here to read the entire ITB.

By Mike Szabo – mike@carbon-pulse.com

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