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Definition
The combination of multiple small-scale project activities under the Clean Development Mechanism or Joint Implementation projects to form a single project activity or portfolio for the purposes of project monitoring and the validation and certification of emission reductions.
REDD+ relevance
According to Decision 6/CMP.1 at COP in 2005, small-scale afforestation and reforestation project activities may be bundled or portfolio-bundled at the following stages in the project cycle: the project design document, validation, registration, monitoring, verification and certification.
References
UNFCCC. 2005. Decision 6/CMP1, Simplified modalities and procedures for small-scale afforestation and reforestation project activities under the clean development mechanism