We think you have liked this presentation. If you wish to download it, please recommend it to your friends in any social system. Share buttons are a little bit lower. Thank you!
Presentation is loading. Please wait.
Published byStanley Shedrick
Modified about 1 year ago
©2004 AgCert International LLC™ The Solution for Managing Climate Change State of the Global Emission Reduction Marketplace Changes Since COP-9 Todd Jones AgCert International LLC
©2003 AgCert International LLC, AgCert™ 2 2 ©2004 AgCert International LLC Discussion Topics Major Events UNFCCC Methodologies Supply & Demand Market Sophistication
©2003 AgCert International LLC, AgCert™ 3 3 ©2004 AgCert International LLC Major Market Events since COP-9 European trading scheme In January 2005 the European Union Greenhouse Gas Emission Trading Scheme (EU ETS) will commence operation as the largest multi-country, multi-sector Greenhouse Gas emission trading scheme world-wide. Trading has already started EU ETS linking directive April 2004 – Linking directive approved by European Parliament. European firms will be able to use CDM credits (CERs) from January 2005 and JI credits (ERUs) from 2008, independent of the entry into force of the Kyoto Protocol Russia ratifies Kyoto June 2004 – Russia indicates that it will ratify Kyoto by or at COP-10 November 2004 – Russia ratifies Kyoto, bringing the Protocol into force February 16, 2005 Publicly announced CER transactions Nuon and TransAlta announced large CER purchases Mandatory Canadian reporting guidelines Commence January 1, 2005
©2003 AgCert International LLC, AgCert™ 4 4 ©2004 AgCert International LLC UNFCCC Methodologies COP-9 5 methodologies approved Uncertainty regarding approval process and length of time to approval COP-10 16 methodologies approved Better understanding of approval process Higher interest due to EU ETS linking directive and Kyoto ratification 1171 proposed CDM and JI projects have so far been registered in Point Carbon’s Project Database. Out of these, 265 projects, potentially yielding 374 MtCO2e of emissions reductions towards 2012, have reached PDD level. (Source: PointCarbon – December, 2004) In its budget proposition for the CDM Executive Board's work for 2005, the UNFCCC Secretariat based its calculation on, amongst other things, that 70 methodologies would be submitted for approval next year. It was also assumed that 200 projects would be submitted for approval in 2005
©2003 AgCert International LLC, AgCert™ 5 5 ©2004 AgCert International LLC The EU Supply & Demand Expected EU Shortfall* 195.0M tonnes Possible CERs** 53.5M tonnes Delta 141.5M tonnes * Source: Evolution Markets, January 2004 -= ** Through 2007 based on current submitted methodologies (Source: PointCarbon CDM Monitor, July 2004) Delta may change as methodologies are introduced and NAPs are finalized. Many CDM methodologies will produce more CERs than immediately apparent if methodology is approved (like AgCert’s).
©2003 AgCert International LLC, AgCert™ 6 6 ©2004 AgCert International LLC Market Sophistication COP-9 More sellers than buyers No standard contract CER prices below 4 Euro Uneasiness of whether Kyoto ratification would occur Lack of project finance from sources other than government COP-10 Balance between sellers and buyers Contracts becoming more standardized, however still no industry standard CER prices above 5 Euro Kyoto ratified, market becoming a reality Private industry stepping up to provide project financing Continuing efforts by major European emitters and now the entry of the Japanese and Canadian buyer contingency
Introduction to Climate Change: - global warming - basis steps in a clean development project - connection of CDM with European Trading Scheme Wim Maaskant.
© 2006 UNDP. All Rights Reserved Worldwide. Proprietary and Confidential. Not For Distribution Without Prior Written Permission. State and Trends of the.
UNIDO Vietnam Support for CDM projects in the Industrial sector: Pilot Project in Co-operation with the Austrian Industry Training Sessions on the Kyoto.
Overview of Carbon Markets Voluntary & Compliance Markets: Existing Carbon Reduction Units Vladimir Litvak RBEC Energy and Environment Practice Leader.
The Carbon Market Karan Capoor World Bank Carbon & Environmental Finance BioCarbon Fund Washington DC, 12 September 2005 The findings and opinions expressed.
The Carbon Market Franck LECOCQ – Development Economics Research Group and Carbon Finance Business, World Bank Training Seminar for the BioCarbon Fund.
Natsource LLC Proprietary and Confidential- Not to be Reproduced Natsource Asset Management 1 Presentation to the Annual Meeting of Host Country Committee.
Carbon Finance at the World Bank Host Country Committee Meeting October 2005
Experiences as a ER buyer and a general outlook Olle Björk Swedish Ministry of Sustainable Development Washington
1 Overview and Status: CDM and JI Heather McGeory Project Manager, Natsource Introductory Workshop on the Clean Development Mechanism (CDM) & Joint Implementation.
1 Carbon Trading: Prospects and Drivers Kristian Tangen, Point Carbon IETA-seminar Bonn June
1 CAPACITY DEVELOPMENT for the CLEAN DEVELOPMENT MECHANISM for CAMBODIA (CD4CDM) 2 nd National Workshop on Capacity Development for the Clean Development.
The CDM: a review of its development and status of the carbon markets Dr. Oscar Coto II National CDM Workshop Belize August 2011.
UNFCCC Secretariat Overview of the CDM and the CDM project Cycle Training-Workshop to support the “Uganda Municipal Waste Compost Programme” Kampala, Uganda,
3 – Clean Development Mechanism Introduction to Climate Change Wim Maaskant BGP Engineers – The Netherlands
CDM – LULUCF Project Cycle Winrock International Sandra Brown Training Seminar for BioCarbon Fund Projects.
The economics of Australian agriculture’s participation in carbon offset markets Helal Ahammad Chief Analyst ABARES.
1 Joint Implementation: A Credit Blueprint for Europe? Dr. Moritz von Unger Roundtable: Domestic Offsets under Article 24a EU ETS Brussels, 1 March 2010.
A Business Case for the Gold Standard Heidi Forbes Gold Standard and the Clean Development Mechanism Capacity Building Workshop 7 th December 2006.
Providing critical insights into energy and environmental markets The market for the flexible mechanisms: Carbon till 2012 and beyond.
Global GHG Market Update Daniele Violetti Team Leader Registration and Issuance Unit Sustainable Development Mechanisms Programme UNFCCC Carbon Forum America.
Markets & Mechanisms Developments inside and outside the UNFCCC negotiations. Building and Urban Methodologies Workshop UNFCCC, Bonn, March 2014.
COP 18/CMP 8, Doha 1 December 2012 Australia’s Emissions Trading Scheme 1.
CDM Project Cycle LGED Bhaban, Dhaka 8 – 9 April 2008 Presented by Khandaker Mainuddin Fellow, BCAS.
ECONOLER INTERNATIONAL CDM/JI Office Canada Development of a Portfolio of CDM Projects in Indonesia Access to CDM & JI office of Canada facility Presented.
Providing critical insights into energy and environmental markets Overview of the Carbon Market Olga Gassan-zade Director, Point Carbon.
ENVIRONMENTAL LAW EXPERT MEETING: The European Position Towards Copenhagen – A Global Outlook Law Faculty, Maastricht University, 20 May 2009 AUSTRALIAN.
Environmental Industries Sector Unit CDM Opportunities in South Korea Greg Dunne, Director, ICECAP Ltd. Seoul, 25 th September 2006 EISU Seminar Mission.
....innovating clean energy solutions…. Glenn S. Hodes UNEP Risø Center CARBON FINANCE.
The Danish JI Program UNFCCC Workshop on the Implementation of Article 6 projects under the Kyoto Protocol Moscow, May 2004 by Ulla Blatt Bendtsen,
Joint Implementation by the Netherlands Maurits Henkemans Ministry of Economic Affairs Netherlands Moscow.
Challenges and Opportunities for Addressing Global Climate Change February 2006.
Capacity Development for CDM - National Workshop on PDD, Cairo, June Capacity Development for CDM Fourth National Workshop Cairo, June.
Current Trends in the Carbon Market Robbie Louw 26-27June 2007.
Baker & McKenzie International is a Swiss Verein with member law firms around the world. In accordance with the common terminology used in professional.
Group H Carbon Credits Business Case. About Carbon Credits Carbon credits are certificates issued to countries that reduce their GHG emissions One credit.
CD4CDM National Workshop, Accra, Ghana February 2006 Glenn S. Hodes UNEP Risø Center CARBON FINANCE.
The Economics of Climate Change Policy EC 133 May 1, 2007.
1V Int. Scientific and Practical Workshop "Ashes from TPPS", April 24/25, 2014, Moscow, Russia Forecast in Power Production and Impact on CCPs in Europe.
EXECUTIVE SUMMARY State of the Carbon Market Prepared by PCF plus Research based on material provided by Natsource LLC, CO2e.com LLC and PointCarbon October.
Climate Change: Opportunities in the Carbon Market Peter Koster Chairman, European Climate Exchange Athens, CEO & CSR 2007, 31st October 2007 Eurocharity.
International cooperation Part IV. The UNFCCC and the Kyoto Protocol Session 7.
Carbon Revenue and MFIs: Making it Work Marco van der Linden Ramesh K. Gautam.
EXECUTIVE ROUNDTABLE SERIES Aviation in the EU Emission Trading Scheme Sophie Hagège, M&A Partner June 3, 2010 KEY LEGAL CONSIDERATIONS GOVERNING THE NEXT.
Kyoto Protocol. What is Kyoto protocol? UN held a conference on environment (known as Earth Summit) in Brazil in ’92. A treaty called United Nations.
SUSTAINABLE MARKET SOLUTIONS FOR GLOBAL ENVIRONMENTAL PROBLEMS The Carbon Market Dakar 12 February 2008 Edwin Aalders Director International Emissions.
Presentation to the Climate Change Leadership Forum 1.Proposal for an Australian ETS 2.Update on USA, Japan & EU ETS 6 August 2008 Dave Brash.
How was it invented? Louis Redshaw– a former electricity trader Proposed in 2004 when he met with five investment bankers Currently worth 30 million.
Paul V. Desanker Head, LDC and CB & Outreach Units, UNFCCC Secretariat Bonn, Germany The UNFCCC, the Kyoto Protocol and its mechanisms IFAD 1 st CLIMTRAIN.
© 2017 SlidePlayer.com Inc. All rights reserved.