What is forwarding?

Forwarding of CERs is the process by which the CDM registry administrator transfers CERs from the Executive Board's pending account into the accounts of Parties involved and project participants, as well as to the accounts in the CDM registry relating to the Share of Proceeds.

This decision for large-scale projects applies equally to small-scale projects:

The CDM modalities and procedures shall apply to small-scale CDM project activities except for its paragraphs 37 to 60 (4/CMP.1, Annex II, paragraph 11).

The UNFCCC Secretariat has confirmed that CERs may only be forwarded to accounts held by project participants in the national registry of the Annex I country that authorised their participation in the CDM project (or their temporary holding account in the CDM registry, prior to the international transaction log being operational). 

It is not possible for CERs to be forwarded from the CDM registry to an account in the national registry of an Annex I Party that did not provide the Annex I approval.