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The projections is for Issued CERs until
the end of 2012 for issuance in the period
2013-2020.
The 2840 Million expected 2012 CERs from
existing projects has been multiplied with the 97.0% issuance success,
and the future projects under validation with the 17.7% chance of a
negative DOE validation (based on the data for 2003-06, see table 9a
in the "Analysis" sheet) and the 5.7% chance of being rejected by the EB.
Reducing the expected
CERs according to time lags with the above mentioned chance of being registered and
the issuance success we get the result: 1051 Million
CERs could be issued before the end of 2012 (or 210 MCERs in each of
the 5 years).
The fourth column
shows how many MCERs, not issued in the period 2008-2012, is left
over for the period 2013-2020 assuming the issuance in 2008-12 shown
in the third column. However, a fifth group of CERs is added. This
is for the CERs issued from existing projects after 2012 and until
the end of their crediting period, or until the end of 2020 (here we
have not added future projects entering the pipeline until 2012).
The total issuance in the period 2013-2020 is expected to be
5798 MCERs or 725 MCERs/year in each of the nine years.
The calculation of the projected issuance
included the timelag until request registration, until registration,
until first issuance, and finally the timedelay between last issuance
and the present.
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