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Submit a Project Idea Note (PIN)
If you would like to submit your project idea to the Carbon Finance Business (CFB), we ask that you put your project idea in the form of a Project Idea Note (PIN). The first contact between the CFB and project proponents is through a PIN. This is a short form (about 6 pages) that provides the basic information about the project.
Also, a financial analysis model is optional when submitting your PIN and the template is supplied below. This allows the CFB to determine the financial viability of your project.
If your PIN is for a small-scale CDM project we ask that you complete the Community Benefits Questionnaire to help us access the community benefits arising from your project.
Once you have filled out the PIN template and the appropriate attachments, please send them to projects@carbonfinance.org.
The PIN is used as a first screening and to provide feedback to the proponents. At this stage it is purely the exchange of an idea and there are no legal obligations on either party to proceed further. Your project will be reviewed and comments will be provided in due time.
Examples of existing PINs are provided in the Prototype Carbon Fund (PCF) Document Library under the "Project Specific" link.
Note to project proponents wishing to submit land use, land-use change and forestry (LULUCF) project proposals: The World Bank as Trustee of the BioCarbon Fund has received 130 PINs and we will no longer be reviewing new PINs effective immediately (12/14/2004). Any change will be announced on the website.
Minimum Requirements for Carbon Finance Projects:
Type of Project
Greenhouse gases targeted should be those covered under the Kyoto Protocol (CO2, CH4, N2O, HFCs, PFCs, and SF6); and
The Carbon Finance Business, in accordance with the Marrakesh Accords, can support afforestation and reforestation projects in non-Annex I countries, and a whole range of land use, land-use change and forestry projects in Annex I countries.
Adequate Emission Reductions (ERs) Volume
The ER volume must be big enough to make a project viable under the CDM -- for example, a small-scale project should generate a minimum threshold of 30,000 tCO2e/year.
Demonstration of Additionality and Determination of Baseline Scenario and Emission Reductions
Why the project should not happen on its own? (does project have significant barriers, or is not the most economically attractive)
What could have happened in the absence of the project?
Sources of emission reductions and total ER volume
Competent Project Participants and Clear Institutional Arrangement
Technically experienced and sound project developers with clear division of functions.
Demonstration of sound legal arrangement -- for example, who owns, who operates, and what type of agreement between project participants as well as with third party (e.g. power purchase agreement, ownership agreement, water right)
Viable Business and Operation Model that Helps Reduce Transaction Costs
Potential for scale-up
Involvement of intermediaries who can invest, bundle, and implement project-related CDM services locally
Ratification of Kyoto Protocol by the Host Country
Has the host country ratified the KP or expressed its intention to ratify the KP in due course?
Project should identify specific locations for its implementation.
Expected Schedule
Project should be operational before January 2008.
Financing Sought
The World Bank Carbon Finance Business will not provide debt and/or equity finance for the baseline component of the project. The baseline component of the project should be financed by other sources;
Price of Emission Reductions range between US$3 to US$5 per ton of CO2; and
Payment on delivery of Emission Reductions.
Sound Financing Structure
Sound financial health of project sponsors and co-financiers.
The sooner the project can achieve financial closure, the better the chances of selection are
Technical Summary of Project
Project should be replicable and/or facilitate technology transfer for the country;
Technology to be applied must be an established and commercially feasible one in somewhere other than the country in consideration; and
Project proposal should contain sample cases of the technology applied in the past in order to show its commercial feasibility.
Expected Environmental Benefits
Evidence should be given that the project is additional to the baseline or reference scenario, which represents the most likely or business-as-usual scenario in the country.
Safeguard Policies of the World Bank Group
The Bank Group has a body of well-developed, mandatory Safeguard policies which apply to all World Bank operations, as well as an extensive set of good practices. These are applied to CFB operations to ensure that they are environmentally and socially sound, whether baseline financing is from the Bank Group or from a third party project supplier. The project must be consistent with these safeguard policies and the host country's overall sustainable development framework.
Contribution to Sustainable Development
As defined by the host country. For some end-of-pipe type of projects, contribution to sustainable development can be manufactured through re-investment in host community of some revenues from carbon finance.
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