Registration fee

Registration of a Programme of Activities (PoA) will incur a fee:

The registration of a PoA and/or the inclusion of CPA [sic] shall be subject to the payment of fees (EB 32, Annex 38, page 1).

However at EB 33, the board decided that no registration fee is payable on CDM Programme Activities (CPAs) which are added subsequently to validation:

The Board clarified that the registration fee for a PoA is based on the total expected annual emission reductions of the CPA(s) that will be submitted together with the request for registration of the PoA. The calculation of the amount to be paid and the procedures for payment will follow mutatis mutandis the existing rules for the payment of a registration fee (annex 35 to EB 23 Report). For each CPA which is included subsequently, no fee is to be paid. Fees are to be paid by the coordinating/managing entity to the secretariat (EB 33, paragraph 60).

This decision appears to leave a large loophole. Given that CPAs can later be added, project participants could seemingly avoid paying high registration fees by including only a minimal number of CDM Programme Activities in the PoA at the validation stage. If this is in fact the result, one would assume that in time the decision at EB 33 will be revisited.

CERs issued to a Programme of Activities will still be subject to the Share of Proceeds provisions when issued.