EnvironmentEnvironnementCanada Nusa Dua, Bali, Indonesia September 5 – 7, 2005 - 1 - Part 5: Kyoto Commitment.

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Presentation transcript:

EnvironmentEnvironnementCanada Nusa Dua, Bali, Indonesia September 5 – 7, Part 5: Kyoto Commitment

EnvironmentEnvironnementCanada Nusa Dua, Bali, Indonesia September 5 – 7, Kyoto Commitment CANADA:  June signed Framework Convention on Climate Change, Earth Summit, Rio de Janeiro.  April 1998 – signed the Kyoto Protocol on Climate Change, United Nations, New York.  October 2000 – announced Action Plan 2000 on Climate Change, Ottawa.  November 2002 – released the Climate Change Plan, Ottawa.  December 2002 – ratified the Kyoto Protocol.  February 2005 – Kyoto Protocol entered into force.  April 2005 – released Moving Forward on Climate Change: A Plan for Honouring Our Kyoto Commitment.  Nov. 28 to Dec. 9, 2005 – Canada to host the Conference of Parties (COP11), Montréal, Québec.

EnvironmentEnvironnementCanada Nusa Dua, Bali, Indonesia September 5 – 7, Kyoto Commitment  A Plan for Honouring Our Kyoto Commitment a.k.a. “Project Green” was released on April 13, 2005  270 Mt GHG gap (~6%)  Climate Fund: market-based institution to manage the purchase of emission reduction and removal credits on behalf of the Government of Canada: –Minimum $1 billion ($4-$5B estimated) –Potential for Mt reductions for  Focus on activities where quantification methodology is well advanced e.g. landfill gas  Offset System for GHGs: Papers for Consultation

EnvironmentEnvironnementCanada Nusa Dua, Bali, Indonesia September 5 – 7, Kyoto Commitment PERRL Initiative  Pilot Emission Removals, Reductions and Learnings (PERRL) Initiative has purchased reductions in four strategic areas: – LFG capture and combustion – CO 2 capture and geological storage – Renewable energy – Biological sequestration (Agriculture and Forestry)  $13.75M over three purchase rounds (2002, 2004, and 2005)  Provides economic incentive for immediate action in the reduction of GHG emissions  Promotes better understanding of elements of emissions trading

EnvironmentEnvironnementCanada Nusa Dua, Bali, Indonesia September 5 – 7, Kyoto Commitment Kyoto Commitment Participant Total Reductions (tonnes eCO 2 ) Price per tonne eCO 2 City of Guelph, ON 282,000$1.70 City of London, ON 350,000$2.96 City of Peterborough, ON 115,796$3.75 St. Tite, QC 151,810$6.90 PERRL First Round Results LFG capture and combustion projects up to $3 Million (900,000 tonnes eCO 2 ). LFG capture and combustion projects account for up to $3 Million (900,000 tonnes eCO 2 ).

EnvironmentEnvironnementCanada Nusa Dua, Bali, Indonesia September 5 – 7, Kyoto Commitment LFG Quantification Protocol  Based on PERRL, CDM-JI and other experience  Developing standardized quantification and verification protocol for LFG combustion  Technical working group  Consultation: Fall 2005  Meet general requirements of International Organization of Standardization (ISO 14064)