Among the five weaknesses we document in the MVP's impact evaluation, the most important is the failure to properly compare outcomes at the project sites to what would have happened in the absence of the project.
"I welcome this report which exposes the absence of basic project management and leadership for a major undertaking.
Sequestration or emission reductions due to the project activities must be "additional" to any that would occur in the absence of the project (Paragraphs 18 22 of Decision 19/CP.9).
The premium over a low-risk rate cannot be determined in the absence of detailed project plans but an inflation-adjusted cost of 10percentnt is likely on early projects.
This suggests that at least some of the decline in stunting would have occurred in the absence of the project, which means the before-and-after analysis probably overstates the impact.
The ministry issued a report saying that the project would only "marginally" affect the marine and terrestrial ecosystems, and that Los Pericúes "does not represent a significant change from the trend in the absence of the project".
The approach is transparent and credible, as it is based on real, measured increases in carbon sequestered, rather than counterfactual estimates of degradation that might have taken place in the absence of the project.
Earlier this year, EnCana delayed plans to bring to production its $800 million Deep Panuke gas discovery, 150 miles southeast of Halifax, Nova Scotia, citing the absence of other projects to share high transport costs.
Even Axel Schultes, the architect of the $221 million Chancellery, is concerned that his building is too big, its size thrown into unflattering relief by the absence of planned projects around it.
He attributes the situation, at least in part, to supply — the absence of new projects in the city, which is hemmed in on all sides by the sea, mountains or other municipalities.
