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CDM Regional Collaboration Centre, St. George‘s Carbon trading for Caribbean hotels Case study – India’s ITC Hotel Sonar Bangla Sheraton & Towers Caribbean.

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Presentation on theme: "CDM Regional Collaboration Centre, St. George‘s Carbon trading for Caribbean hotels Case study – India’s ITC Hotel Sonar Bangla Sheraton & Towers Caribbean."— Presentation transcript:

1 CDM Regional Collaboration Centre, St. George‘s Carbon trading for Caribbean hotels Case study – India’s ITC Hotel Sonar Bangla Sheraton & Towers Caribbean Tourism: The Energy Forum 2013 Barceló Bávaro Palace Deluxe, Punta Cana 10 December 2013 Karla Solís, Eng.D. Team Lead

2 Outline UNFCCC case study – India’s ITC hotel Carbon trading & the hospitality sector Regional Collaboration Centre & the hospitality sector 2

3 UNFCCC case study – India’s ITC hotel Background Measures Project finance Co-Benefits 3

4 4 Hotel Facts Opened in 2002 Five star hotel in Kolkata 238 guest rooms The first hotel in the world with certified emission reductions, CERs, by UNFCCC

5 5 CDM Project Facts (*) Name (Ref.686) Improvement in Energy Consumption of a Hotel SectorsEnergy industries (1) - Renewable energy; Energy demand (3) – Energy efficiency (EE) MethodologiesSupply side EE improvements– generation side; AMS-II.B EE & fuel switching measures – demand side; AMS-II.E CDM Lifetime10 years InvestmentUS$ 1 million Reductions2,987 tCO2/year Registration18/11/2006 ParticipantITC Limited – Hotel Sonar Bangla Sheraton and Towers LocationKolkata, West Bengal, India (*) The Clean Development Mechanism is a market tool that promotes clean technologies in developing nations and allows trading certified carbon reductions

6 6 Measures and Savings at demand and generation sides (*) Diesel & electricity prices sourced from Validation Report, CDM 0686, 1 US$=45 INR, 2006 TOTAL SAVINGS 177,100 US$/year

7 India, 2006Dominican Republic, 2013 (*) Total investment, US$1 million1.5 million (50% higher) Total savings demand, US$/year US$/kWh 541,140 Total savings generation, US$/year 74,779 Total savings, US$/year 177,100615,919 Pay-back period, years Carbon revenues, US$, 10 years 93,000 28,173 7 Project finance (*)

8 8 Co-Benefits TechnologicalIntroduces clean technology measures to ‘common’ technologies Encourages replication of measures in the sector or other sectors EconomicIncreases profitability by reducing electricity and diesel consumption due to savings in energy bills CDM fund expected encourages Indian hotels for investing in energy efficient measures SocialCreates new skills and jobs by the introducing new technologies such as solar Reduces grid demand and allows grid electricity to be used by the ones in need EnvironmentalReduces GHG emissions Reduces pollution due to extraction, processing and transporting fossil fuels such as diesel (for steam generation at hotel and for electricity generation at country level)

9 Outline UNFCCC case study – India’s ITC hotel Carbon trading & the hospitality sector Regional Collaboration Centre & the hospitality sector 9

10 What can carbon trading do for the hospitality sector? Provides a clear framework for monitoring and reporting of the electricity savings due to the introduction of the EE measures By ensuring long-term sustainability and deliverables of the EE activity Enhances public image due to UNFCCC certification E.g.: Corporate Social Responsibility Engages new sources of funds At CDM level At climate level 10

11 Engages new sources of funds – At CDM level CDM loan scheme: CDM costs for certification  5 million US$ committed, 45 projects  Next window: January – March 2014 kfW – German Development Bank: financing and grants  CDM Programme of Activities  EE activities, funds for implementing and marketing NEFCO Carbon Fund– Nordic Environment Finance Corporation  CDM projects in Latin American & Caribbean  EE activities Climate Development Initiative – UK & Sweden  Buying CERs from special projects  EE  Deadline for next application: End January

12 Engages new sources of funds – At climate level Global Environmental Facility Small Grant Programme  UNDP, UNEP, World Bank – UNOPS  EE activities: Energy audits Australian Government Aid  Small Islands Developed States – Community Based Adaptation Programme Inter-American Development Bank International Finance Corporation 12

13 Outline UNFCCC case study – India’s ITC hotel Carbon trading & the hospitality sector Regional Collaboration Centre & the hospitality sector 13

14 What can the RCC St. George’s do for the hospitality sector? Provides free technical support CDM project cycle: design, registration, validation, monitoring & certification Advices on potential EE measures, energy savings and carbon revenues Identifying methodologies and similar projects Calculating savings and revenues Links stakeholders with funding agencies Designs and delivers capacity building Creates a framework for CDM EE activities for the hospitality sector in the Caribbean upon request 14

15 CDM Regional Collaboration Centre, St. George‘s Thank you! ? Skype: rcc.stgeorges


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