Benefits
Last updated
Last updated
Additionality is one of the most important aspects of a climate project. You need to select the additionality level your project meets. Please refer to the ICR requirement document for details about additionality levels. Make sure you only check the applicable levels.
From the project home screen or the project side panel, you choose Benefits.
When you enter the Benefits form, you need to start providing information about the additionality of the project.
Level 1 additionality Baseline additionality. Compared to the baseline scenario the project needs to mitigate climate change. That is the project must implement actions that are additional to what would occur compared to the baseline.
Level 2a additionality Statutory additionality. The project must implement actions that are beyond requirements stipulated in local legislation or regulations. Projects are statutory additional if their implementation and/or operation is not required by any law, statute, or other regulatory framework, agreements, settlements, or other legally binding mandates requiring implementation and operation or requiring implementation of similar measures that would result in the same mitigations in the host country.
Level 2b additionality Non-enforcement additionality. Projects are non-enforcement additional if their implementation and/or operation is mandated by local legislation or regulation but are systematically not enforced by authorities in the host country.
Level 3 additionality Technology, institutional, common practice additionality. The project must implement actions that are subject to barriers of implementation or accelerate deployment of technology or activities and carbon market incentives are essential in overcoming these barriers.
Level 4a additionality Financial additionality I. A project is financially additional if it results in higher costs or relatively lower profitability than would have otherwise occurred in the baseline scenario.
Level 4b additionality Financial additionality II. The project is financially additional if it faces significant financial limitations that revenues from the sale of carbon credits mitigates or are revenues due to the sale of carbon credits are the only source of revenues. When carbon credit revenues are a precondition for the implementation of the project and/or carbon credit revenues are essential in maintaining the project operations and ongoing financial viability post-implementation, then they are considered to be financial additional II.
Level 5 additionality Policy additionality. Implementation of actions may lie out of the scope of the host country's Nationally Determined Contributions under the Paris Agreement and, therefore, not eligible for international transfer mechanism. When project implementation goes beyond its host country’s climate objectives and lies outside of the scope of its climate action strategy towards its NDCs, it is considered to be policy additional.
Next you can provide information about any other SDGs the project supports. You need to provide information about how the project supports each selected SDG.
The Sustainable Development Goals (SDGs) are a set of 17 global objectives established by the United Nations to address pressing social, economic, and environmental challenges by 2030. Climate projects play a pivotal role in advancing these goals by mitigating greenhouse gas emissions, promoting sustainable energy sources, and enhancing resilience to climate change, thereby contributing to the overall well-being and prosperity of communities worldwide.
Here you can share details from the PDD on how your project contributes to different SDGs.
Finally you need to confirm additionality levels and SDG´s.
When you have confirmed the information, the project home screen has been populated with the information provided.
