What is issuance?
Issuance for afforestation and reforestation (A/R) projects refers to the creation of long-term certified emission reductions (lCERs) or temporary certified emission reductions (tCERs), as appropriate, which correspond to the net greenhouse gas removals which have been achieved, verified and certified in respect of a CDM project activity.
The rules relating to issuance for large-scale non-A/R projects apply equally to A/R projects:
The issuance of tCERs or lCERs for afforestation and reforestation project activities under the CDM shall be subject to the provisions of paragraphs 65 and 66 of the CDM modalities and procedures, contained in the annex to decision 17/CP.7 (5/CMP.1, Annex, paragraph 37).
Therefore, tCERs and lCERs are issued by the CDM registry administrator on behalf of the Executive Board:
Upon being instructed by the Executive Board to issue CERs for a CDM project activity, the CDM registry administrator, working under the authority of the Executive Board, shall, promptly, issue the specified quantity of CERs into the pending account of the Executive Board in the CDM registry, in accordance with appendix D below (3/CMP.1, Annex, paragraph 66).