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| CDM project cycle |
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| Step 1. Project design and approval of participation. |
| Project participants need to prepare a PDD (Project Design Document) of a CDM project activity. Prior to validation, project participants submit the report to the DNA (Designated National Authority) of host and invest Party, and DNA confirm that the project activity achieve sustainable development and approve this project. |
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| Step 2. Validation and Registration. |
Validation is the process of independent evaluation of a project activity by a DOE selected by project participants. A DOE shall review the PDD against the requirements of the CDM, and validate proposed CDM project activity.
Registration is the formal acceptance by the EB (Executive Board) of a validated project. |
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| Step 3. Implementation and Monitoring. |
| Project participants shall launch the project, and implement the monitoring plan that contained in the registered PDD. By monitoring, project participants shall get valid data to calculate the reductions in anthropogenic emissions. |
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| Step 4. Verification and Certification of CERs. |
| Project participants shall report the monitored reductions of anthropogenic emissions as a result of this project activity to the DOE. The DOE shall determine and verify the reduction ex post. Certification is the written assurance of verified emission reductions / enhancement of removals this project activity achieved by the DOE. |
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| Step 5. Issuance and distribution of CERs. |
| The CDM registry administrator instructed by the EB, shall issue the specified quantity of CERs promptly. Project participants and host country shall distribute the quantity of CERs after subtracted two and little extra percent for developing countries and administrative costs. |
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