Hydro CERs and the EU ETSETS
The UNFCCC separates CDM and joint implementation (JI) project credits into 15 sectoral scope types. These sectoral scopes broadly differentiate the different project types, however, they do not always provide the most useful definitions, for example renewable and non-renewable project are included under the same sectoral type. For this reason Sandbag has further broken down the UN definitions into more detailed project types. This makes it clear what type of emissions reductions credits are entering the EU ETS and also makes the data more accessible for the lay person.