Aéroports de Montréal
Transcription
Aéroports de Montréal
Report May 7, 2010 Aéroports de Montréal Verification report of a Greenhouse-Gas emissions reductions project May 7, 2010 Mrs. Lyne Michaud, Assistant Director, Environment and Sustainable Development Aéroports de Montréal 800 Leigh-Capreol Place Suite 1000 Dorval, Quebec H4Y 0A5 Raymond Chabot Grant Thornton LLP Suite 2000 National Bank Tower 600 De La Gauchetière Street West Montréal, Québec H3B 4L8 Telephone: 514-878-2691 Fax: 514-878-2127 www.rcgt.com Dear Madam: Re: Verification report of a Greenhouse-Gas emissions reductions project You will find enclosed, our verification report of a Greenhouse-Gas emissions reductions project performed at Aéroports de Montréal, 800 Leigh-Capreol Place, Suite 1000, Dorval, Quebec, H4Y 0A5. The quantification report that is subject to our verification is included in our report as Appendix 1. Please do not hesitate to contact us for any additional information. Best regards, Chartered Accountants Gérald Daly, CA, CISA, CFE Partner Chartered Accountants Member of Grant Thornton International Ltd Roger Fournier, CA Lead Senior Manager Verification notice on the declaration of GHG reductions Raymond Chabot Grant Thornton LLP Suite 2000 National Bank Tower 600 De La Gauchetière Street West Montréal, Québec H3B 4L8 Telephone: 514-878-2691 Fax: 514-878-2127 www.rcgt.com Mrs. Lyne Michaud, Assistant Director, Environment and Sustainable Development Aéroports de Montréal 800 Leigh-Capreol Place Suite 1000 Dorval, Quebec H4Y 0A5 Dear Madam: We have verified the accompanying GHG Emissions Reductions Quantification Report entitled Aéroports de Montréal’s Energy efficiency measures for GHG Emissions Reductions Project 2004-2009 (the Quantification Report). The project is located at 800 Leigh-Capreol Place, Suite 1000, Dorval, Québec H4Y 0A5. This quantification report dated May 6, 2010 is included in this report as Appendix 1. Aéroports de Montréal’s management is responsible for the relevance, consistency, transparency, conservativeness, completeness, accuracy and method of presentation of the Quantification Report. This responsibility includes the design, implementation and maintenance of internal controls relevant to the preparation of a GHG Emissions Reductions Quantification Report that is free from material misstatements. Our responsibility is to express an opinion based on our verification. Before undertaking this assignment we made sure no conflict of interests could impair our capacity of expressing our opinion and we also applied our standard procedure to ensure we had the skills, competences and appropriate training to undertake this specific assignment. The work was performed by ISO 14064-3 trained professionals. Training was provided by the Canadian Standards Association. Chartered Accountants Member of Grant Thornton International Ltd 2 Aéroports de Montréal (ADM) ADM is a not-for-profit corporation without share capital and is responsible for the management, operation, and development of Montréal–Pierre Elliott Trudeau International Airport (formerly Montréal–Dorval International Airport) and Montréal–Mirabel International Airport under the terms of a 60-year lease signed with Transport Canada in 1992. The emissions reductions project The project scenario consists of ADM’s implementation of new and energy efficient technologies for their buildings, for instance replacing inefficient boilers in the heating system by more efficient technology, with direct digital control and replacement and addition of new chillers. The project is located at the Montreal-Pierre Elliott Trudeau International Airport. Since 2002, ADM has gradually implemented several energy efficient measures reducing electricity, natural gas and oil no 2 consumptions. Among them, the measures having the most important impacts include: the replacement of boilers for the heat generation systems and the replacement of technology and equipment used for the cooling systems. These energy efficiency activities are additional to a baseline scenario which consists of the status quo situation, meaning the ADM would not have made any modification. The main GHG sources for the project are natural gas, oil and electricity consumption. The various gas involved in this emissions reductions project are Carbon Dioxide (CO2), Methane (CH4), and Nitrous Oxide (N2O). The Quantification Report The Quantification Report was prepared by L2I Financial Solutions in accordance with ISO 14064-2 “Specification with guidance at the project level for quantification, monitoring and reporting of greenhouse gas emission reductions or removal enhancements (2006)”. This project was based on a Clean Development Mechanism (CDM) methodology proposed by the United Nation Framework Convention on Climate Change (UNFCCC) titled: AMS-II.E. version 10 - Energy efficiency and fuel switching measures for buildings, validated November 2, 2007. This CDM methodology "comprises any energy efficiency and fuel switching measure" implemented in buildings, which corresponds to ADM’s project description, proposing a variety of energy efficiency measures. The approach that was used for the quantification of the GHG emissions reductions was one of comparing the intensity factors of the sources of energy used for the project to those used for the baseline scenario; the quantifier determined the GHG emissions for every source of energy by using appropriate emissions factors multiplied by the consumption of every GHG source. The emissions factors chosen are based on Environment Canada - National Inventory Report 19902006. 3 The verification work A draft of the Quantification Report was submitted to us on February 4, 2010. Our first review of the documentation was undertaken on February 18, 2010 and a verification plan was produced. Thereafter, a visit to ADM’s premises took place on March 8, 2010. We subsequently received the final report dated May 6, 2010. The following points were revised with ADM’s representatives: internal control with the purpose of assessing verification risk, emission sources and GHG involved. During the course of our verification, we obtained all the necessary cooperation and documents required from ADM’s management. Our verification was conducted under ISO 14064-3 International Standard, entitled: Specification with guidance for the validation and verification of greenhouse gas assertions (2006). This standard requires that we plan and perform the verification to obtain either a reasonable assurance or a limited assurance about whether the emissions reductions declaration that is contained in the attached quantification report is fairly stated, is free of material misstatements, is an appropriate representation of the data and GHG information of ADM and the materiality threshold has not been reached or exceeded. It was agreed with the ADM’s representative that a reasonable assurance level of opinion would be issued and we planned and executed our work accordingly. Consequently, our verification included those procedures we considered necessary in the circumstances to obtain a reasonable basis for our opinion. A reasonable assurance engagement with respect to a GHG statement involves performing procedures to obtain evidence about the quantification of emissions, and about the other information disclosed as part of the statement. Our verification procedures were selected based on professional judgment, including the assessment of the risks of material misstatement in the GHG statement. In making those risk assessments, we considered internal control relevant to the entity‘s preparation of the GHG statement. Our engagement also included: Assessing the suitability in the circumstances of ADM’s use of ISO 14064-2, as the basis for preparing the GHG statement; Evaluating the appropriateness of quantification methods and reporting policies used and the reasonableness of necessary estimates made by ADM. Reasonable assurance opinion In our opinion: 1. The quantification report is prepared in accordance with ISO 14064-2 standard: Specification with guidance at the project level for quantification, monitoring and reporting of greenhouse gas emission reductions or removal enhancements (2006), and the principles of relevance, completeness, consistency, accuracy, transparency and conservativeness have been respected. 2. The approach and methodology used for the quantification are appropriate. 4 3. The baseline scenario is appropriate. 4. ADM’s data controls management system is appropriate. 5. The GHG emissions reductions presented in the quantification report entitled Aéroports de Montréal’s Energy efficiency measures for GHG Emissions Reductions Project 20042009 and dated May 6, 2010 are, in all material respect, fairly stated at 24 205 tCO2 e. 6. The quantification report is free of material misstatements and it is an appropriate representation of the data and GHG information of Aéroports de Montréal. 7. The quantification report has a low degree of uncertainty and the materiality threshold has not been reached or exceeded. Restricted usage and confidentiality This verification report is produced to be used by the management of ADM and parties interested in the above described GHG emissions reductions project. Reliance on the conclusions of this verification report for any other usage may not be suitable. The quantification report entitled “Aéroports de Montréal’s Energy efficiency measures for GHG Emissions Reductions Project 2004-2009’’ and dated May 6, 2010 is an integral part of this verification report and should in no circumstances be separated from it. This verification report and the supporting work files are kept confidential and will be safeguarded for 10 years after which period they will be safely destroyed. Roger Fournier, CA Internal Peer Reviewer Chartered Accountants Gérald Daly, CA, CISA, CFE Partner Montréal, May 7, 2010 Appendix 1 Quantification Report Aéroports de Montréal’s Energy efficiency measures for GHG Emissions Reductions Project 2004-2009 Greenhouse Gas Emissions Reductions Report Presented to: Mrs Lyne Michaud Assistant Director, Environment and Sustainable Development Aéroports de Montréal 800 Leigh-Capreol Place, Suite 1000 Dorval, Quebec H4Y 0A5 Prepared by: L2I Financial Solutions 2015, Victoria Street, suite 200 Saint-Lambert (Quebec) J4S 1H1 May 6th, 2010 Quantification Group Letter Aéroports de Montréal, GHG Emission Reductions Report Page 2 of 37 TABLE OF CONTENTS Introduction ........................................................................................................................ 7 Introduction of the Editing and Quantification Team .................................................... 7 Profile Summary of the Team Members ........................................................................ 7 Chapter 1: Description of project ....................................................................................... 8 1.1 Project title:......................................................................................................... 8 1.2 Type/category of the project: ............................................................................. 8 1.3 Estimated amount of emissions reductions over the crediting period including project size: ..................................................................................................................... 8 Table 1 - GHG Emissions Reductions Summary: ......................................................... 8 1.4 Brief description of the project:.......................................................................... 9 Table 2 – Identification of proposed measures: ......................................................... 9 1.5 Project location: .................................................................................................. 9 1.6 Duration of the project activity/crediting period: ............................................ 10 1.7 Conditions prior to project initiation: ............................................................... 10 1.8 How the project achieves GHG emissions reductions and/or removal enhancements: ............................................................................................................. 10 1.9 Project technologies, products, services and the expected level of activity: ... 10 Replacement and installation of new chillers ........................................................... 12 Figure 3. Flue gases heat recovery............................................................................ 13 Figure 4. Flue gases heat recovery network ............................................................. 14 Figure 5. Flue gases heat recovery network (continued) ......................................... 15 Figure 6. Diagram of low temperature hot water network ...................................... 16 Figure 7. Diagram of medium temperature hot water network .............................. 17 1.10 Compliance with relevant local laws and regulations related to the project: 18 1.11 Identification of risks that may substantially affect the project’s GHG emissions reductions or removal enhancements: ........................................................ 18 1.12 Demonstration to confirm that the project was not implemented to create GHG emissions primarily for the purpose of their subsequent removal or destruction: 18 Aéroports de Montréal, GHG Emission Reductions Report Page 3 of 37 1.13 – 1.14 Demonstration that the project has not created another form of environmental credit (for example renewable energy certificates) or rejected under other GHG programs: .................................................................................................... 19 1.15 Project proponent’s roles and responsibilities, including contact information of the project proponent, other project participants:.................................................. 19 1.16 Any information relevant for the eligibility of the project and quantification of emission reductions or removal enhancements: ..................................................... 19 Project quantification and report writing team: ...................................................... 21 Report Use and Users ............................................................................................... 21 Chapter 2: Methodology ................................................................................................... 22 2.1 Title and reference of the methodology applied to the project activity and explanation of methodology choices:............................................................................... 22 2.2 Justification of the choice of the methodology and why it is applicable to the project activity: ............................................................................................................. 22 2.3 Identifying GHG sources, sinks and reservoirs for the baseline scenario and for the project:.................................................................................................................... 22 Table 3 - Emission sources comparison (metric tons CO2 eq) .................................. 23 2.4 Description of how the baseline scenario is identified and description of the identified baseline scenario: ......................................................................................... 24 2.5 Description of how the emissions of GHG by source in project scenario are reduced below those that would have occurred in the absence of the project activity: 25 Table 4 – The project test (in three steps) ................................................................ 25 Chapter 3: Monitoring ..................................................................................................... 28 Table 6 – II.E version 10 monitoring requirements .................................................. 28 Chapter 4: GHG emissions reductions .............................................................................. 31 4.1 Explanation of methodological choice:............................................................. 31 4.2 Quantifying GHG emissions and/or removals for the baseline scenario: ........ 31 4.3 Quantifying GHG emissions and/or removals for the project: ......................... 33 4.4 Quantifying GHG emissions reductions and removal enhancements for the GHG project: ................................................................................................................. 33 Table 7 – Project Emissions Reductions Summary (metric tons CO2 eq.) ................ 35 Table 8 – Project Emissions Reductions Summary (metric ton CO2 eq.) .................. 36 Table 9 – Forecasted GHG Emissions Reductions ..................................................... 36 Quantification limits and uncertainty ........................................................................... 36 Aéroports de Montréal, GHG Emission Reductions Report Page 4 of 37 Chapter 5: Environmental Impact ..................................................................................... 37 Chapter 6: Stakeholders comments ................................................................................. 37 Chapter 7: Schedule .......................................................................................................... 37 Chapter 8: Ownership ....................................................................................................... 37 Chapter 9: Conclusion ....................................................................................................... 37 Aéroports de Montréal, GHG Emission Reductions Report Page 5 of 37 ABBREVIATIONS BS: Baseline Scenario (GHG Emission Source) CH4: Methane CO2: Carbon dioxide CO2 eq: Carbon dioxide equivalent (usually expressed in metric tons) EPA: Environmental Protection Agency HDD: Heating Degree day GHG: Greenhouse gases IPCC: Intergovernmental Panel on Climate Change N2O: Nitrous oxide PS: Project Scenario (GHG emission source) Aéroports de Montréal, GHG Emission Reductions Report Page 6 of 37 Introduction Introduction of the Editing and Quantification Team L2I Financial Solutions is a firm specialized in non-traditional corporate financing. These past five years, we have developed an expertise in the quantification of carbon credits. In that capacity, we help companies count, quantify and accrue their carbon offsets and ensure their sale. Our expertise consists in selecting, applying and elaborating quantification methodologies to quantify the emissions based on reputable international sources. The reports are drafted in accordance with the following guidelines: ISO 14064-2. In this project’s case, L2I Financial Solutions’ mandate of is to quantify the emissions reductions resulting from the energy efficiency projects proposed by the Aéroports de Montréal (Montreal Airport). Profile Summary of the Team Members Supervision Mr. Yves Legault and Mrs. Mélina Valéro are responsible for supervising the carbon credits quantification team. For many years now, they have been on the look-out for their customers’ needs regarding the quantification of greenhouse gases. They offer GHG quantification services, report redaction and the subsequent sale of the carbon credits on organized markets such as the Voluntary Carbon Market. Aéroports de Montréal, GHG Emission Reductions Report Page 7 of 37 Chapter 1: Description of project 1.1 Project title: Aéroports de Montréal’s energy efficiency measures for GHG Emissions Reductions Project. 1.2 Type/category of the project: Aéroports de Montréal’s energy efficiency measures for GHG emissions reductions project was contracted with regard to its validation/verification under ISO 14064-2 as an Energy Efficiency Improvement type of project. Energy Efficiency is a valid project category as per the clean development mechanism approved project activities: AMS-II.E.version 10 - Energy efficiency and fuel switching measures for buildings1, validated 2 November 2007. Energy Efficiency is a valid category under CSA’s GHG CleanProjects™ Registry. 1.3 Estimated amount of emissions reductions over the crediting period including project size: Aéroports de Montréal’s project is a standard size project with the following emissions reductions: Table 1 - GHG Emissions Reductions Summary: Year TOTAL GHG Emission Reductions (tCO2 eq) 2004 2005 2006 2007 2008 2009 821,05 2865,36 3976,53 3699,98 6342,03 6500,38 TOTAL 24 205,34 1 CDM, (2007). CDM methodology II.E/Version 10: Energy efficiency and fuel switching measures for buildings, Internet link: http://cdm.unfccc.int/UserManagement/FileStorage/CDMWF_AM_LAVBAV8STPGYPWVKGQJLBCNEC8AP NP Aéroports de Montréal, GHG Emission Reductions Report Page 8 of 37 1.4 Brief description of the project: The project scenario consists of Aéroports de Montréal’s use of new and energy efficient technologies for their buildings, for instance replacing inefficient boilers in the heating system by new efficient ones, with direct digital control and replacement and addition of new chillers. The project is located at the Montreal-Pierre Elliott Trudeau International Airport. Since 2002, Aéroports de Montréal has gradually implemented several energy efficient measures reducing electricity, natural gas and oil no.2 consumptions. Among them, the ones having the most important impacts include: the replacement of boilers for the heat generation systems and the replacement of technology and equipment used for the cooling systems. Below is a summarized view of what was modified, when it was modified and what was altered by the modification of the energy efficient technologies: Table 2 – Identification of proposed measures: Measure Measure’s impact 1- Replacement of boilers 2- Replacement and installation of new chillers Gas Oil Electricity Gas Oil Electricity Measure’s start year and duration 2003-2004 2002-2003 These energy efficiency activities are additional to a baseline scenario which consists of the status quo (before implementation) for the heating and cooling systems. The baseline scenario chosen is explained in section 2.4 of the present. 1.5 Project location: Aéroports de Montréal’s Energy Efficiency measures are located at: Montreal-Pierre Elliott Trudeau International Airport 975, boul. Roméo-Vachon N Montreal, Quebec H4Y 1H1 Canada Latitude: 45° 27' 27'' N Longitude: 73° 45' 04'' W Aéroports de Montréal, GHG Emission Reductions Report Page 9 of 37 1.6 Duration of the project activity/crediting period: Aéroports de Montréal’s energy efficiency project was gradually implemented from the start date of 2002. The project crediting period start date is January 2004. The project activities are planned to be ongoing for at least a crediting period of 10 years. 1.7 Conditions prior to project initiation: The conditions in place before implementation of the project were status quo on energy efficiency technologies. The conditions were also status quo on energy utilization, heating and cooling systems. 1.8 How the project achieves GHG emissions reductions and/or removal enhancements: The project contributes to GHG emissions reductions since it makes it possible to consume less energy than it would otherwise consume in the baseline scenario. The significant GHG reductions measures in this report are: 1) The replacement of inefficient boilers by new and efficient ones; 2) The replacement of two old chillers and addition of five new ones, cooling system renovation ; The other measures have a smaller overall impact on the total GHG emissions reductions. However, it is important to mention the substantial environmental efforts carried out by Aéroports de Montréal. The project achieves GHG emissions reductions by installing energy efficient technologies and thus consuming less energy (natural gas, oil and electricity) than what would have happened with the baseline scenario: status quo on energy efficiency measures (heating and cooling systems). 1.9 Project technologies, products, services and the expected level of activity: The energy efficiency project carried out by Aéroports de Montréal is mainly the replacement of heating and cooling systems at the Montreal-Pierre Elliott Trudeau International Airport. Along with the equipment’s upgrade, it is important to note that Aéroports de Montréal has also increased the size of their buildings from 119,940 square meters in 2002 to 281,500 square meters in 2009. Aéroports de Montréal, GHG Emission Reductions Report Page 10 of 37 These renovations gradually began in 2002 and were completed in 2004. The activities are divided into two main steps: 1) Boilers replacement (2003-2004) 2) Chillers’ replacement and installation (2002-2003) Boilers replacement Aéroports de Montréal’s thermal power plant’s upgrade necessitated the replacement of four existing boilers by more efficient ones. The inefficient high temperature (HT) boilers of 30 MWh (efficiency of 75%) were replaced by high-efficiency boilers of 1800 BHP (efficiency of 82%). These new boilers are fuelled with natural gas but can also use light oil as auxiliary fuel. Figure 1. New efficient boiler Aéroports de Montréal, GHG Emission Reductions Report Page 11 of 37 Replacement and installation of new chillers Two old chillers of 700 and 1 200 tons were replaced and five new ones were installed, including three water towers. Thus, the new cooling system includes eight chillers. Figure 2. New efficient chiller Moreover, two of the five new chillers are heat recovery types (total capacity 930 tons). The efficiency of the new chillers in cooling mode at full load is around 0.6 kW/ton. The heat recovery type chillers produce low temperature hot water (30°C - 40°C), shifting a heating load of about 4000 kW from the boilers. These 4000 kW are produced more efficiently and with cleaner energy (hydroelectricity instead of natural gas or oil). Other energy efficient technologies implemented: - Boiler flue gases heat recovery increasing boilers’ efficiency to 90% Fresh air injection in the air systems’ supply to lower energy consumption of fans A central control system for optimization of energy consumption Aéroports de Montréal, GHG Emission Reductions Report Page 12 of 37 Figure 3. Flue gases heat recovery Aéroports de Montréal, GHG Emission Reductions Report Page 13 of 37 Figure 4. Flue gases heat recovery network Aéroports de Montréal, GHG Emission Reductions Report Page 14 of 37 Figure 5. Flue gases heat recovery network (continued) Aéroports de Montréal, GHG Emission Reductions Report Page 15 of 37 Figure 6. Diagram of low temperature hot water network Aéroports de Montréal, GHG Emission Reductions Report Page 16 of 37 Figure 7. Diagram of medium temperature hot water network Aéroports de Montréal, GHG Emission Reductions Report Page 17 of 37 1.10 Compliance with relevant local laws and regulations related to the project: There is no specific Canadian or Quebec law or regulation that stipulates the obligation to install more efficient technologies in existing buildings when they have the choice of repairing or changing their old technologies. In other words, Aéroports de Montréal was not forced to change its inefficient boilers or install the other energy efficient projects described in this report. The project’s implementation was voluntary. However, there are requirements in federal regulations for the installation of new gas boilers: Guide d’interprétation du règlement sur l’efficacité énergétique du Canada and the Energy Efficiency Regulations. 2 For this project, the installation of the new boilers was completed according to the specifications required by law. 1.11 Identification of risks that may substantially affect the project’s GHG emissions reductions or removal enhancements: This emissions reductions report was written according to ISO 14064-2 Specifications Requirements for quantification, monitoring and reporting of greenhouse gas emissions reductions and removal enhancements assertions. In order to minimize risks, we took as guidelines a methodology that was developed by the UNFCCC and published in 2007 for small scale projects.3 No serious potential risks which could alter this GHG emissions reductions project were identified. 1.12 Demonstration to confirm that the project was not implemented to create GHG emissions primarily for the purpose of their subsequent removal or destruction: No GHG emissions were possibly created primarily to justify further reductions since the baseline scenario is the scenario which would have occurred in case the project would not have occurred. In this case, the baseline scenario would have been status quo technology and additional maintenance activities for boilers and chillers systems. 2 Canada’s Energy Efficiency Regulations (2008), Internet link: http://www.oee.nrcan.gc.ca/regulations/home_page.cfm 3 CDM, (2007). CDM methodology II.E/Version 10: Energy efficiency and fuel switching measures for buildings, Internet link: http://cdm.unfccc.int/UserManagement/FileStorage/CDMWF_AM_LAVBAV8STPGYPWVKGQJLBCNEC8AP NP Aéroports de Montréal, GHG Emission Reductions Report Page 18 of 37 1.13 – 1.14 Demonstration that the project has not created another form of environmental credit (for example renewable energy certificates) or rejected under other GHG programs: The project did not create any other environmental credit nor was it rejected under any other GHG program application. 1.15 Project proponent’s roles and responsibilities, including contact information of the project proponent, other project participants: Mrs. Lyne Michaud Assistant Director Environment and Sustainable Development Aéroports de Montréal 800 Leigh-Capreol Place, Suite 1000 Dorval (Québec), Canada H4Y 0A5 Tel: (514) 633-2698 [email protected] Aéroports de Montréal is responsible for the project implementation, emissions reductions and data monitoring. 1.16 Any information relevant for the eligibility of the project and quantification of emission reductions or removal enhancements: The following profile of Aéroports de Montréal is available on its Web site: http://www.admtl.com Canada’s international airports, including Montréal–Trudeau and Montréal–Mirabel, were built, operated and maintained by the Government of Canada until their divestiture by the government in the early 1990s. Although Transport Canada remains the legal owner of the airports, they are now managed, operated and developed by local airport authorities like ADM. This model, unique in the world, has allowed Canada to develop a national network of highly effective national airports while freeing the federal government of all financial responsibility and providing it with a substantial return on its initial investment. Aéroports de Montréal, GHG Emission Reductions Report Page 19 of 37 In December 1986, the federal government announced that Montréal–Dorval and Montréal–Mirabel International airports would be united in an integrated airport system under a single management body. During the following year, the Government of Canada developed a new national policy for divesting itself of the country’s major airports. Thus, on August 1, 1992, ADM took over the management, operation and development of Montréal’s two international airports. The challenges at the time were numerous. The sharing of Montréal’s air traffic between two distant airports was adversely affecting the industry’s development and complicating connections between the international sector and the domestic and transborder sectors. The airport facilities at Dorval were suffering from many years of under-investment. In 1995, ADM announced an investment program to modernize and expand Montréal– Dorval International Airport and to improve some of the existing infrastructures of Montréal–Mirabel International Airport. Then in 1997, in order to maintain the city’s competitive position and encourage the development of connecting traffic, ADM changed its international passenger flight assignment policy and allowed scheduled carriers to operate out of the airport of their choice. All of the scheduled carriers opted for Dorval, leaving Mirabel only international charter flights. In 2000, ADM embarked upon an extensive modernization and expansion program at Dorval, including new transborder and international jetties as well as a new international arrivals complex featuring a Canada customs hall and a baggage-claim room. This vast program was completed in 2006 on budget and on schedule. In 2002, the ADM Board of Directors adopted new strategic orientations that included consolidating all passenger flights at Dorval beginning in the fall of 2004, while Mirabel would continue to handle all-cargo flights, test flights of aircraft built or repaired at the site, as well as general aviation operations. On January 1, 2004, Dorval Airport was renamed in honour of the Right Honourable Pierre Elliott Trudeau, former Canadian prime minister. Figure 8. View of Montreal-Pierre Elliott Trudeau International Airport Aéroports de Montréal, GHG Emission Reductions Report Page 20 of 37 Project quantification and report writing team: Melina Valéro, L2I Financial Solutions, 2015 Victoria, Suite 200 Saint-Lambert, (Québec) Canada J4S 1H1 L2I Financial Solutions is responsible for the project redaction and the VER negotiations on the voluntary carbon market. Report Use and Users The target users are the potential offset VERs (Verified Emission Reductions) buyers on the carbon voluntary market. Verification Notification Initially quantified by L2I Financial Solutions, the verification of the VERs will be conducted by the external verification entity Raymond Chabot Grant Thornton according to ISO 14064 part 3. Aéroports de Montréal, GHG Emission Reductions Report Page 21 of 37 Chapter 2: Methodology 2.1 Title and reference of the methodology applied to the project activity and explanation of methodology choices: This project was based on a Clean Development Mechanism (CDM) methodology proposed by the United Nation Framework Convention on Climate Change (UNFCCC) titled: AMS-II.E.version 10 - Energy efficiency and fuel switching measures for buildings, validated 2 November 2007.4 This CDM methodology "comprises any energy efficiency and fuel switching measure" 5 implemented in buildings, which corresponds to the Aéroports de Montréal project description, proposing a variety of energy efficiency measures. 2.2 Justification of the choice of the methodology and why it is applicable to the project activity: This methodology was selected for its completeness allowing us to introduce different energy efficiency measures in the same report and to select the most appropriate baseline scenarios. Also, Aéroports de Montréal’s project meets the criteria established in version 10 of the AMS-II.E CDM methodology. 2.3 Identifying GHG sources, sinks and reservoirs for the baseline scenario and for the project: In this project’s case, from cradle to grave, GHG emissions sources were only controlled ones, there was no associated or affected source, since Aéroports de Montréal is not marketing any kind of product. The controlled sources are identified as follows: Figure 9: Project and Baseline Scenario Sources 4 CDM, (2007). CDM methodology II.E/Version 10: Energy efficiency and fuel switching measures for buildings, Internet link: http://cdm.unfccc.int/UserManagement/FileStorage/CDMWF_AM_LAVBAV8STPGYPWVKGQJLBCNEC8AP NP 5 CDM, (2007). CDM methodology II.E/Version 10: Energy efficiency and fuel switching measures for buildings, p.1. Internet link: http://cdm.unfccc.int/UserManagement/FileStorage/CDMWF_AM_LAVBAV8STPGYPWVKGQJLBCNEC8AP NP Aéroports de Montréal, GHG Emission Reductions Report Page 22 of 37 Project Scenario PSInstallation of new efficient boilers Installation and replacement of new efficient chillers including 930 tons of heat recovery Baseline Scenario BSStatus quo (Inefficient heating and cooling systems without heat recovery) Table 3 - Emission sources comparison (metric tons CO2 eq) Project Scenario Energy efficiency and fuel switching measures Baseline Scenario Status quo (Inefficient heating and cooling systems without heat recovery) Emission factors - Project (Factors – (metric tons CO2 eq/ type of energy) National Inventory factor: -3 3 1.903 x 10 tCO2 eq/m natural gas; National Inventory factor: -3 2.7351 x 10 tCO2 eq/L oil no.2; and National Inventory factor: -6 6.0 x 10 tCO2 eq/kWh electricity Emission factors - No-project (Factors – (metric tons CO2 eq/ type of energy) National Inventory factor: Same emission factor as for the project scenario PS1: Installation of new efficient boilers Installation and replacement of new efficient chillers with 930 tons of heat recovery BS1- Inefficient heating and hot water systems - Inefficient cooling systems without heat recovery BS: Baseline Scenario GHG emission source PS: Project Scenario GHG emission source The emission factors used in this report are not different for the baseline and the project scenario. The emission factors for all the sources are included in the National Aéroports de Montréal, GHG Emission Reductions Report Page 23 of 37 Canadian Inventory for the baseline and project scenario.6 The only difference is the quantity of natural gas, oil and electricity consumed; consumption data from Aéroports de Montréal’s bills and from their Financial Department’s inventory files were used for energy consumptions – see chapter 4 on GHG emissions reductions. 2.4 Description of how the baseline scenario is identified and description of the identified baseline scenario: The baseline scenario was selected among alternative scenarios representing what would have happened without this project. Baseline potential scenarios: 1. Status quo or keeping the current boilers and chillers, not changing the piping system and not installing central controls, no steam heat recovery; 2. Another scenario would be to replace the existing boilers with efficient ones, but installation of standard cooling system (less efficient) and not installing a central control system. No changes for the other technologies mentioned above; 3. The project scenario is the replacement of the less efficient boilers and chillers in place by new efficient ones, physical modification of the piping system, installation of a central control system and steam heat recovery system and the implementation of energy efficiency measures. The first option was considered realistic since, before the project started the boilers and chillers were working and usual maintenance work was necessary. The second scenario was evaluated to be different from the first one in terms of efficiency, but there is still some energy loss with the old cooling and piping system in place and no central control to optimize the system. The third scenario has a financial barrier compared to the status quo, required for the analysis of the system, the modifications and the subsequent tasks. Finally, the financial barriers are significant for the third scenario and thus, this scenario is rejected as a baseline and is proposed as the project scenario. In summary, baseline scenario: Using inefficient boilers and chillers and no central command; No implementation of energy efficiency measures: i.e. Heat recovery from steam. 6 National Inventory Report 1990-2006 (May 2008), Greenhouse Gas Source and Sinks in Canada, Internet link : http://www.ec.gc.ca/pdb/ghg/inventory_report/2006_report/2006_report_e.pdf Aéroports de Montréal, GHG Emission Reductions Report Page 24 of 37 2.5 Description of how the emissions of GHG by source in project scenario are reduced below those that would have occurred in the absence of the project activity: The project scenario reduces the GHG emissions under what would have occurred without implementing energy efficient measures. A Project Test will demonstrate that the Aéroports de Montréal’s project is additional: Table 4 – The project test (in three steps) Steps Conditions Facts 1- Regulatory Surplus The project shall not be mandated by any enforced law, statute or other regulatory framework The project shall face one(or more) distinct barrier(s) compared with barriers faced by alternative projects : Investment barrier As explained in section 1.10, Aéroports de Montréal has no legal obligation to implement the proposed project. 2Implementation Barrier 3- Common practice Project scenario : The overall capital investment is relatively high for all energy efficiency technology and energy switch measures involved in the Aéroports de Montréal’s project. Thus, the return on investment (ROI) will improve on a long term basis. Since Aéroports de Montréal is a non-profit organisation, the additional revenues associated with the generation of VERs were considered as potentially helpful in order to mitigate the social impact of the investment and to improve the ROI. Baseline scenario : Since the baseline scenario does not include any other energy efficiency measures or replacement in the heating or cooling system, no other costs are involved. Demonstrate that the The most recent information available from the project is not common Canadian Government (Natural Resources Canada) is practice, or if so, presented in the table below. It shows us that, even identify the barriers though the energy efficiency measures reduce faced compared with energy consumption by 23%, the total consumption existing projects for the sector is increasing Thus, all energy efficiency measures are important. Limiting the implementation of those projects, the financial barrier is the most significant one. Aéroports de Montréal, GHG Emission Reductions Report Page 25 of 37 The following table presents the most recent information available from the Canadian Government concerning the commercial/institutional sector energy consumption and efficiency change from 1990 until 2006, demonstrating that all energy efficiency measures are important in controlling the energy consumption. Table 5 - Total End-Use Sector – Energy Use Analysis7 Total End-Use Sector - Energy Use Analysis (Energy use by sector (PJ)) 1990 1995 1996 Commercial/Institutional 1997 1998 867.02 960.85 981.47 998.47 944.13 0.00 93.84 114.45 131.45 77.11 Activity Effect 0.00 81.97 92.25 106.78 121.50 Structure Effect 0.00 0.52 0.23 0.43 0.80 Weather Effect 0.00 28.45 42.39 18.84 26.60 0.00 33.19 39.51 45.80 52.28 0.00 48.09 58.02 38.07 67.82 0.00 1.17 1.45 1.47 1.44 Commercial/Institutional Service Level Effect Energy Efficiency Effect Other (Street Lighting) 7 Natural Resources Canada (2007), Office of Energy Efficiency, Total End-use Sector – Energy use analysis. Last update: 2007/9/12. Available at the following URL address: http://www.oee.nrcan.gc.ca/corporate/statistics/neud/dpa/tablesanalysis2/aaa_ca_1_e_2.cfm?attr=0 Aéroports de Montréal, GHG Emission Reductions Report Page 26 of 37 Total End-Use Sector - Energy Use Analysis (Energy use by sector (PJ)) 1990 Commercial/Institutional 1999 2000 2001 2002 867.02 979.19 1 072.80 1 060.93 1 131.55 0.00 112.17 205.78 193.91 264.53 Activity Effect 0.00 137.21 153.63 169.62 188.42 Structure Effect 0.00 1.22 2.09 2.26 2.00 Weather Effect 0.00 1.36 9.38 8.49 28.78 0.00 58.91 65.57 72.38 79.59 0.00 79.89 19.51 36.12 29.15 0.00 1.47 1.21 1.22 1.11 Commercial/Institutional Service Level Effect Energy Efficiency Effect Other (Street Lighting) Total End-Use Sector - Energy Use Analysis (Energy use by sector (PJ)) 1990 Commercial/Institutional 2003 2004 2005 2006 867.02 1 166.49 1 172.75 1 158.93 1 092.59 0.00 299.47 305.73 291.91 225.58 Activity Effect 0.00 207.34 228.23 247.65 273.76 Structure Effect 0.00 2.06 1.63 1.21 1.44 Weather Effect 0.00 24.01 0.12 23.00 23.30 0.00 88.12 90.23 91.78 93.43 0.00 16.84 9.85 68.64 116.32 0.00 1.09 1.13 0.67 0.54 Commercial/Institutional Service Level Effect Energy Efficiency Effect Other (Street Lighting) Aéroports de Montréal, GHG Emission Reductions Report Page 27 of 37 Chapter 3: Monitoring The monitoring requirements listed in the standard 5.10 of ISO 14 064 part 28 and in the CDM methodology used in this report are already applied in the Aéroports de Montréal grouped project and readily available. Table 6 – II.E version 10 monitoring requirements Type of measure Retrofit measures (replacement and new technologies) Requirements Documenting the specifications of the replaced equipment Comments All the documentation (spec sheets) is kept at the head office for the new boilers, chillers and all other technologies involved in the project. Calculating the energy The energy savings is based on the savings due to the energy bills. Suppliers are Hydroimplemented Québec and Gaz métropolitain bills. measures The oil (no.2) comes from different suppliers yearly, for 2008 the supplier was Groupe Pétrolier Olco inc. The project’s monitored data is used in the quantification of the Aéroports de Montréal GHG emission reductions. Three types of energy units are basically used: KWh for electricity, Liters for oil (no.2) and m3 for natural gas. The data will be monitored directly from the energy bills for the electricity and natural gas consumptions. The oil no.2 consumptions’ data are monitored from the inventory electronic files of the Aéroports de Montréal’s Financial Department. Hydro-Québec is the electricity supplier and Gaz métropolitain is the natural gas supplier. The oil (no.2) comes from different suppliers yearly, for 2008 the supplier was Groupe Pétrolier Olco inc. All the energy consumption bills are managed by the contract and administration department. At the thermal power plant, systematic readings are done for different meters. Aéroports de Montréal is also subscribed to Gaz Metro’s VIGIE and Hydro- Québec’s VIGILIGNE softwares through which they have access to daily, weekly, monthly and yearly consumptions. Three persons are responsible for the monitoring: 8 International Standards ISO 14064-2: 2006(F), section 5.10, p.13. Aéroports de Montréal, GHG Emission Reductions Report Page 28 of 37 Mr. Jean Ghanem Mechanical Engineering and Energy Architecture and Engineering Direction [email protected] Mrs. Marlène Ross Administration and Contracts [email protected] Mr. Marcel Lafleur Thermal Power Plant [email protected] Data / Parameters Data unit : Description : Source of data to be used : Value of data applied for the purpose of calculating expected emission reductions : Description of measurement methods and procedures to be applied : QA/QC procedures to be applied : Data / Parameters Data unit : Description : Source of data to be used : Value of data applied for the purpose of calculating expected emission reductions : Description of measurement methods and procedures to be applied : QA/QC procedures to be applied : 9 Electricity kWh Electricity consumption for Montréal-Pierre Elliott Trudeau International Airport Hydro-Québec energy bills GHG Emission factor used for electricity in Quebec: 6.0 x 10-6 tCO2 eq/kWh Collect data directly on energy bills and enter them into Excel software. Section 5.10 of ISO 14064-29 Natural Gas m3 Natural gas consumption for Montréal-Pierre Elliott Trudeau International Airport Gas Métro energy bills GHG Emission factor used for natural gas in Quebec: 1.903 x 10-3 tCO2 eq/m3 Collect data directly on energy bills and enter them into Excel software. Section 5.10 of ISO 14064-210 International Standards ISO 14064-2 :2006(F), Section 5.10, p.13 10 Idem Aéroports de Montréal, GHG Emission Reductions Report Page 29 of 37 Data / Parameters Data unit : Description : Source of data to be used : Value of data applied for the purpose of calculating expected emission reductions : Description of measurement methods and procedures to be applied : QA/QC procedures to be applied : 11 Light Fuel Oil Litres Light Oil consumption for Montréal-Pierre Elliott Trudeau International Airport Groupe Pétrolier Olco inc. (for 2008) GHG Emission factor used for light oil in Quebec: 2.7351 x 10-3 tCO2 eq/L Collect data from the inventory electronic files of the Financial Department of Aéroports de Montréal and enter them into Excel software. Section 5.10 of ISO 14064-211 Idem Aéroports de Montréal, GHG Emission Reductions Report Page 30 of 37 Chapter 4: GHG emissions reductions 4.1 Explanation of methodological choice: As already stated, this project was based on a Clean Development Mechanism (CDM) methodology proposed by the United Nation Framework Convention on Climate Change (UNFCCC) titled: AMS-II.E. version 10 – Energy efficiency and fuel switching measures for buildings, approved in November 2007. All emission factors in this report reflecting electricity consumption and fuel combustion originate from the Canadian Inventory official source. CDM methodology will take into account the major gas involved in all emission sources involved in this project. The major greenhouse gases responsible for global warming, as per IPCC 2006 guidelines, are: carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), hydrofluorocarbon (HFC), perfluorocarbon (PFC) and sulphur hexafluoride (SF 6). Among them, gases involved in this project are CO2, CH4 and N2O, based essentially on natural gas combustion and electricity consumption. 4.2 Quantifying GHG emissions and/or removals for the baseline scenario: The data for the baseline quantification was taken from the year before implementation of the project, in this case 2003 energy consumption data. This is a conservative way of estimating the baseline GHG emissions because the overall energy consumption in the commercial/institution sector has increased over the years and this project proposes 2003 data to estimate what would have occurred between 2004 and 2009.12 The energy consumptions were weather normalized with the heating degree days’ method (HDD). Heating degree days’ method assesses recent energy performance by comparing recent consumption with a past-performance-based estimate of expected consumption. This process is used to identify excess consumption (or overspend), and to quantify the savings from improvements in energy efficiency. Baseline scenario GHG emissions quantification: 12 Natural Resources Canada (2007), Office of Energy Efficiency, Total End-use Sector – Energy use analysis. Last update: 2007/9/12. Available at the following URL address: http://www.oee.nrcan.gc.ca/corporate/statistics/neud/dpa/tablesanalysis2/aaa_ca_1_e_2.cfm?attr=0 Aéroports de Montréal, GHG Emission Reductions Report Page 31 of 37 BSE = [(EF * BSQE) + [(NGFCO2+NGFCH4+NGFN2O) * BSQNG] + [EFLight Fuel Oil-CO2 + EFLight Fuel OilCH4 + EFLight Fuel Oil-N2O) * BSQF] / SUP2003]* SUPy BSE = Baseline scenario emissions resulting from the production, transportation and consumption of electricity (metric tons CO2 eq), natural gas (metric tons CO2 eq) and consumption of light fuel oil (metric tons CO2 eq) for Montreal-Pierre Elliott Trudeau International Airport; EF = BSQE = GHG emission factor for electricity (6.0 x 10-6 metric tons CO2 eq/kWh)13; Quantity of electricity consumed for the baseline scenario (kWh); NGFCO2 = NGFCH4 = NGFN2O = BSQNG = CO2 emission factor for natural gas (1.89 x 10-3 metric tons CO2 eq/m3)14; CH4 emission factor for natural gas (7.77 x 10-7 metric tons CO2 eq/m3)15; N2O emission factor for natural gas (1.085 x 10-5 metric tons CO2 eq/m3)16; Quantity of natural gas consumed for the baseline scenario (m3); EFLight Fuel Oil-CO2 = CO2 emission factor for light fuel oil (2.725 x 10-3 tCO2 eq/L)17; EFLight Fuel Oil-CH4 = CH4 emission factor for light fuel oil (5.0 x 10-7 tCO2 eq/L)18; EFLight Fuel Oil-N2O = N2O emission factor for light fuel oil (9.6 x 10-6 tCO2 eq/L)19; BSQF = Quantity of light fuel oil (no. 2) consumed for the baseline scenario (Litres) SUP2003 = Aéroports de Montréal’s area in 2003 SUPy = Aéroports de Montréal’s area in year y 13 National Inventory Report 1990-2006 (May 2008), Greenhouse Gas Source and Sinks in Canada, p.512 Internet link : http://www.ec.gc.ca/pdb/ghg/inventory_report/2006_report/2006_report_e.pdf 14 National Inventory Report 1990-2006 (May 2008), Greenhouse Gas Source and Sinks in Canada, p.596 Internet link : http://www.ec.gc.ca/pdb/ghg/inventory_report/2006_report/2006_report_e.pdf 15 Idem 14 16 Idem 14 17 National Inventory Report 1990-2006 (May 2008), Greenhouse Gas Source and Sinks in Canada, p.597 Internet link : http://www.ec.gc.ca/pdb/ghg/inventory_report/2006_report/2006_report_e.pdf 18 Idem 17 19 Idem 17 Aéroports de Montréal, GHG Emission Reductions Report Page 32 of 37 4.3 Quantifying GHG emissions and/or removals for the project: Project scenario GHG emissions quantification: PSE = (EF * PSQE) + [(NGFCO2+NGFCH4+NGFN2O) * PSQNG] + [EFLight Fuel Oil-CO2 + EFLight Fuel OilCH4 + EFLight Fuel Oil-N2O) * PSQF] PSE = Project scenario emissions resulting from the production, transportation and consumption of electricity (metric tons CO2 eq), natural gas (metric tons CO2 eq), light oil fuel (metric tons CO2 eq) for Montreal – Pierre Elliott Trudeau International Airport; EF = PSQE = GHG emission factor for electricity (6.0 x 10-6 metric tons CO2 eq/kWh)20; Quantity of electricity consumed for the project (kWh). NGFCO2 = NGFCH4 = NGFN2O = PSQNG = CO2 emission factor for natural gas (1.89 x 10-3 metric tons CO2 eq/m3)21; CH4 emission factor for natural gas (7.77 x 10-7 metric tons CO2 eq/m3)22; N2O emission factor for natural gas (1.085 x 10-5 metric tons CO2 eq/m3)23; Quantity of natural gas consumed for the project (m3). EFLight Fuel Oil-CO2 = CO2 emission factor for light fuel oil (2.725 x 10-3 tCO2 eq/L)24; EFLight Fuel Oil-CH4 = CH4 emission factor for light fuel oil (5.0 x 10-7 tCO2 eq/L)25; EFLight Fuel Oil-N2O = N2O emission factor for light fuel oil (9.6 x 10-6 tCO2 eq/L)26; PSQF = Quantity of light fuel oil for the project (Litres). 4.4 Quantifying GHG emissions reductions and removal enhancements for the GHG project: 20 National Inventory Report 1990-2006 (May 2008), Greenhouse Gas Source and Sinks in Canada, p.512 Internet link : http://www.ec.gc.ca/pdb/ghg/inventory_report/2006_report/2006_report_e.pdf 21 National Inventory Report 1990-2006 (May 2008), Greenhouse Gas Source and Sinks in Canada, p.596 Internet link : http://www.ec.gc.ca/pdb/ghg/inventory_report/2006_report/2006_report_e.pdf 22 Idem 14 23 Idem 14 24 National Inventory Report 1990-2006 (May 2008), Greenhouse Gas Source and Sinks in Canada, p.597 Internet link : http://www.ec.gc.ca/pdb/ghg/inventory_report/2006_report/2006_report_e.pdf 25 Idem 24 26 Idem 24 Aéroports de Montréal, GHG Emission Reductions Report Page 33 of 37 The following equation illustrates the GHG emission reductions quantification: TPER (metric tons CO2 eq.) = BSE – PSE TPER = Total Project Emissions Reductions (metric tons CO2 eq.). Aéroports de Montréal, GHG Emission Reductions Report Page 34 of 37 Table 7 – Project Emissions Reductions Summary (metric tons CO2 eq.) Natural gas Natural Light oil Light oil Emission gas GHG Emission consumed Factor Emissions Factor (l) (tCO2eq) (tCO2eq) (tCO2eq) Light oil GHG Emissions (tCO2eq) Electricity consumed (kWh) Electricity Emission Factor (tCO2eq) Electricity GHG Emissions (tCO2eq) Total GHG Emissions (tCO2 eq) Area 2 (m ) BSL GHG GHG EmissionsR 2 per m eductions (tCO2 eq) PS GHG Emission Reductions (tCO2 eq) Year Natural gas consumed 3 (m ) 2003 1634048 0,001903 3108,98 480796 0,00274 1315,03 62693822 0,000006 376,16 4800,17 128261 0,037 4800,17 4800,17 2004 1905181 0,001903 3624,85 12728 0,00274 34,81 67283751 0,000006 403,70 4063,36 130512 0,031 4884,42 4063,36 2005 1908080 0,001903 3630,36 82360 0,00274 225,26 79457016 0,000006 476,74 4332,37 192324 0,023 7197,73 4332,37 2006 1532152 0,001903 2915,11 17635 0,00274 48,23 85778699 0,000006 514,67 3478,02 199186,3 0,017 7454,55 3478,02 2007 1514948 0,001903 2882,38 157717 0,00274 431,37 83989192 0,000006 503,94 3817,69 200872,7 0,019 7517,67 3817,69 2008 1909141 0,001903 3632,38 38621 0,00274 105,63 85997696 0,000006 515,99 4254,00 283126,9 0,015 10596,03 4254,00 2009 1561469 0,001903 2970,89 166351 0,00274 454,99 101483469 0,000006 608,90 4034,78 281500,4 0,014 10535,16 4034,78 Aéroports de Montréal, GHG Emission Reductions Report Page 35 of 37 Table 8 – Project Emissions Reductions Summary (metric ton CO2 eq.) Total GHG Emissions Reductions Year Baseline Scenario GHG Emissions Reductions tCO2 eq 2004 2005 2006 2007 2008 4884,42 7197,73 7454,55 7517,67 10596,03 4063,36 4332,37 3478,02 3817,69 4254,00 821,05 2865,36 3976,53 3699,98 6342,03 2009 10535,16 4034,78 6500,38 48185,56 23980,22 24 205,34 TOTAL Project Scenario Emissions Reductions tCO2 eq TOTAL GHG Emissions Reductions tCO2 eq Table 9 – Forecasted GHG Emissions Reductions Year 2010 2011 2012 2013 Total: Total GHG Emissions Reductions (Metric ton CO2 eq.) 6 500,38 6 500,38 6 500,38 6 500,38 26 001,52 Quantification limits and uncertainty CDM methodologies are recognized internationally. As of today, they offer the most complete methodologies. The AMS-II.E. is a flexible small scale methodology as long as you can prove your emission reduction by verifiable facts (ex. invoice). So there is no particular limit with the CDM methodology proposed. The provincial emissions coefficient used are closer to the reality than national ones, since the electricity is produced differently from one province to another. This conservative choice limits the uncertainty and the overestimation of the GHG reduction for the Aéroports de Montréal emission reduction project. Uncertainty is also associated with the data collection and its subsequent storage. The uncertainty is low since they are verified and correlated using a variety of sources (i.e. Invoices, Internal data spreadsheets). Thus, we can conclude that the uncertainty is low since we followed the CDM methodology and that we made conservative choices. Aéroports de Montréal, GHG Emission Reductions Report Page 36 of 37 Chapter 5: Environmental Impact The environmental impact is managed through an authorization certificate delivered by the City of Montreal, according to the Environment Quality Act of the Ministère du Développement Durable, Environnement et Parcs Québec (MDDEP). In the case of this project, it is considered limited. The disposal of replaced boilers was completed under the environmental laws in place. Chapter 6: Stakeholders comments Aéroports de Montréal is a non-profit organisation. No stakeholders. Chapter 7: Schedule For the years to come, Aéroports de Montréal will have to maintain their monitoring plan developed in section 3. Most of the energy efficiency measures proposed in this report were already initiated by 2004, though some were only initiated in 2006 and may have taken until 2008 to be completed. Aéroports de Montréal will follow their emission reductions plan. The total GHG emission reductions will get outgoing and it will be monitored. Chapter 8: Ownership Aéroports de Montréal owns all the equipment needed for the energy efficiency measures and energy replacement measures proposed in this report. Chapter 9: Conclusion Aéroports de Montréal energy efficiency measures contribute to reduce GHG emissions by reducing energy consumption. Consistent with their environmental mission, Aéroports de Montréal and their committed employees are proud to be working toward the resolution of the global climate change issues. Aéroports de Montréal, GHG Emission Reductions Report Page 37 of 37