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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.
Location of Project
- Country where the project is located should be a signatory to the UNFCCC. (http://www.unfccc.de/ and go to short cut 'parties'); and
- 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.
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 PCF 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.
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