Proyecto MiradorProyecto MiradorRoad to the Gold Standard

P t Mi d d h t d Proyecto Mirador and what we do. The Gold Standard, what it is. The Application Process for the Gold

Standard Hear Richard Lawrence on Sunday at 1:45

PM to hear how to fix the process and expand access to the carbon market for all stove builders.

Proyecto Mirador:A i t d fit i H dA registered non-profit in Honduras

O ti i l hi hl d• Operating in rural highlands, an offshoot of Trees Water People.p

• Build Stoves for cooking tortillas--not a one pot stove.

• Project grew out of our concern with Indoor Air Pollution, deforestation, lack of social ,development, and global warming.

The La Justa Dos Por TresThe La Justa Dos Por Tres

Our GoalOur Goal

Create a model for a market based solution that enablesCreate a model for a market based solution that enables us to put a stove in every house in rural Central America.

In Honduras alone, there are 350,000 homes like this and every one wants a stove.

Why make the effort forthe Gold Standard?

• The Gold Standard gets the highest price per ton of any VER project and as high as some CER y p j gprojects because of the proven environmental and social benefits of its members.

• If we handle certification ourselves, the project earns the cash from Carbon and we eliminate middle men such as JP Morgan that make themiddle men such as JP Morgan that make the real cash by trading our valuable VER’s.

The Application Process

• Expensive, time consuming, long paper chase

• Cannot be completed efficiently without

long, paper chase.

Cannot be completed efficiently without great technical expertise on stoves, fuel use and efficiency, deforestation, community organization and the Gold Standard process.

1. Gather your scientific data.W k d f 1 1/2 ith th i ti fWe worked for 1 1/2 years with these organizations for

field and lab research on KPT, WBT, and NRB, and an understanding of the Gold Standard process g

before we could even begin.

Yale SchoolYale SchoolOf Forestry &EnvironmentalStudies

2. Open an account.

• Join the Gold Standard Registry by completing an application form and signing their agreements. pp g g g

• Get the 84 page tool kit to help you figure out what to do. 1 week of time, $

• Project MUST have concept of Additonality; i. e. Without the project’s investment, the program

ld t h t k lwould not have taken place.

3. Hold an LSCR Local Stakeholders Consultation MeetingInvolve the community in a scripted formal program• Involve the community in a scripted formal program

that includes invitations, presentation, record keeping, the preparation and submission of a formal p g, p preport of all commentary. 39 pages, $$$

• Receive CAR’s (Corrective Action Requests) from GS.• Prepare a response. 10 pages, $$

• Receive Applicant Receive Applicant Status from the GS.

4. Submit Passport, prepare PDD, find UN DOE Validator

• Prepare & submit the Passport Document, the proof of sustainability and social benefits, and be listed as a project.34 pages, $$$as a project.34 pages, $$$

• Begin the Project Design Document (PDD), the lynchpin of the application.

• Search for one of 14 Validators forQuickTime™ and a

decompressorare needed to see this picture.

• Search for one of 14 Validators, for an on site visit, get bids, and establish timing. Why so few? 1 month, $$

4. PDD (Project Design Document)• 1 5 years 41 pages 3 versions multiple 1.5 years, 41 pages, 3 versions, multiple

consultants, a foot and a half of supporting documents $$$$

Describe project locale typeDescribe project, locale, type, category, technology, estimation of emission reductions, type of fuels,

explanation of methodological choices, non renewability factor, assessment of leakage, assesment of environmental

results of the LSCR, financial analysis,

factor, assessment of leakage, assesment of environmental impacts, sustainability matrix with third party endorsements and documentation. Include site and lab testing as well as data drawn from other scientific sourcesdata drawn from other scientific sources.

5 Validation by DOE5. Validation by DOE

• Expect long lead times and few with GS experience• Expect long lead times and few with GS experience (Ours lost certification from GS, closed their North American office, and for a signature we waited 1 week.)

• On site visit, UN DOE’s review of PDD CAR’s issued and answered.

T h i l R i f PDD• Technical Review of PDD CAR’s issued and answered. • Validator Approval Validator Approval • PDD & Passport are registered with the Gold Standard.

6. Submission to the Gold Standard

• 2 1/2 years later, we are here, still building stoves.• 2 month review of the PDD by the Gold Standard and 60 NGO’NGO’s.• More CAR’s expected. Respond 2-3 weeks, $$• Register the project by g p j ysubmitting registration documents and paying the fee

DONE? NO!

fee.

Verify the Project.• Verifies by monitoring and reporting on GHG• Verifies by monitoring and reporting on GHG

reductions according to the PDD and monitoring sustainable development according to the P tPassport.

• CAR’s again. Response. 2 weeks, $$• Issues verification• Issues verification.• 2 months, $$$• Submit to Gold Standard Sub o Go d S a da d

for final review.And….

CERTIFIED!CERTIFIED!

Yikes, Now What!

Can we sell the credits?For how much per ton?For how much per ton?

How many years forward?Can we pay for our stoves?Can we pay for our stoves?

FIX THE PROCESS!FIX THE PROCESS!

• We have ideas--which Richard Lawrence will present on Sunday at 1:15will present on Sunday at 1:15…

Can we get Gold?