Ets Ecosecurities Latest Development
-
Upload
rodolfo-barbosa-young -
Category
Documents
-
view
217 -
download
0
Transcript of Ets Ecosecurities Latest Development
-
8/13/2019 Ets Ecosecurities Latest Development
1/29
Carbon Expo
sa s or
EcoSecurities GroupMay 2007
Carbon credits - origination to commercialisation 2006 EcoSecurit ies Group p lc
-
8/13/2019 Ets Ecosecurities Latest Development
2/29
> Who we are
> CDM and JI Development
Helicopter view on progress
Challenges and Opportunities> Looking Forward
Carbon credits - origination to commercialisation 2007 EcoSecurit ies Group p lc
-
8/13/2019 Ets Ecosecurities Latest Development
3/29
Local presence in over 20 countries, and CDM or JI projects in 36 countries
Oxford
New YorkKarachi, Pakistan*
Mumbai
Los Angeles
Mexico City
Rio de Janeiro
Santiago de Chile
Dublin
*
ang o
BeijingChengdu
Philippines
Kuala Lumpur
Jakarta
ar s
Madrid*
The Hague
Casablanca, Morocco
Johannesburg
Guatemala
Jordan
* No legal presence but EcoSecurities has entered into contracts with individuals
Carbon credits - origination to commercialisation 2007 EcoSecurit ies Group p lc
-
8/13/2019 Ets Ecosecurities Latest Development
4/29
CDM Development
Carbon credits - origination to commercialisation 2007 EcoSecurit ies Group p lc
-
8/13/2019 Ets Ecosecurities Latest Development
5/29
Over the last year, submission
continued to grow with volume
for the yearly period Aug 2006-
previous year.
1 900 million otential CERs in
Potential Volume
(million CERs)
pipeline0% 20% 40% 60% 80% 100%
Historic (before Aug 2005) Aug 2005-Aug 2006 Aug 2006-Apr 2007
Source: UNFCCC
Carbon credits - origination to commercialisation 2007 EcoSecurit ies Group p lc
-
8/13/2019 Ets Ecosecurities Latest Development
6/29
90
100
60
70
80
odologies
30
4050
mberofM
et
0
10
20N
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18
Submission Round
Carbon credits - origination to commercialisation 2007 EcoSecurit ies Group p lc
Source: UNEP-RISOE
-
8/13/2019 Ets Ecosecurities Latest Development
7/29
The CDM project cycle100% Registered, No
Of the 1743 projects,
174 have received CERs
Registered, No
issuance
requested, 367
Registered, No
issuance
requested, 216
80%
90%
issuance requested
Registered, Requested
CER Issuance
Request for
registration, 108
Request for
registration, 54
Registered, Issued
CERs, 174
,
CERs, 35
60%
70%
eg s ere , ssue
CERs
Rejected by EB
40%
50%Withdrawn
Under review
At validation, 1047At validation, 649
30%Correction requested
Request for review
10% Request for registration
Carbon credits - origination to commercialisation 2007 EcoSecurit ies Group p lc
April 07 August 06
va a on
Source: UNEP-RISOE
-
8/13/2019 Ets Ecosecurities Latest Development
8/29
CDM Geographical distribution311
195Rest of World
14
2
10
2
Argentina
Nigeria
44
32
69
19Malaysia
Chile
221
28
179
15
Brazil
South Korea
397
598
120
363
China
India
100,
00
200,
00
300,
00
400,
00
500,
00
600,
00
700,
00
800,
00
900,
00
1,
000,
00
Count A ril 07 Sum of 2012 ktCO2 A ril 07 Count Au ust 06 Sum of 2012 ktCO2 Au ust 06
Potential Kt
CO2e to 2012
Carbon credits - origination to commercialisation 2007 EcoSecurit ies Group p lc
Source: UNEP-RISOE
-
8/13/2019 Ets Ecosecurities Latest Development
9/29
-
China continues to show
significant growth in terms
46%
55%
8%South Korea
Mexico of number of projects and
volume
19%4%Brazil
progress
-1st mover advantage
70%
39%
60%China
n a-Less industrial
-Slow and problematic
approval process
-20% 0% 20% 40% 60% 80%
% Increase in no o f PDD's from Aug 06 to Apr 07 % increase of volume to 2012 ktCO2 Aug 06 to Apr 07
Carbon credits - origination to commercialisation 2007 EcoSecurit ies Group p lc
-
8/13/2019 Ets Ecosecurities Latest Development
10/29
CDM Technology diversification400
347
300
350
s
169
202 211215
169200
250
oo
109
32 31
11 19
66
218
19 24
110
38
2210
40
14
80
125
50
100
0
ric
ulture
B
iogas
se
nergy
Cement
me
thane
use
holds
industry
Service
pplyside
tribution
elswitch
Fugitive
oth
ermal
HFCs
Hydro
ndfillgas
N2O
PFCs
res
tation
Solar
Tidal
ransport
Wind
A
Bioma
alb
ed/mine
EEho E E
EEsu
Energydi
Fossilf G L
a
Ref
Carbon credits - origination to commercialisation 2007 EcoSecurit ies Group p lc
Source: UNEP-RISOE
C
Apr-07 Aug-06
-
8/13/2019 Ets Ecosecurities Latest Development
11/29
Technology by Volume1110EE Service
In terms of volume, high
dependency on few HFC11
1
4
7
1
1
2
4
Solar
Tidal
PFCs
Energy distributi on
EE households
an n us r a gas pro ec s
6
4
3
2
19
86Geothermal
EE supply side
Reforestation
Transport
32
109
169
21
38110
7
125Wind
Fugitive
Agricu lture
Biogas
Cement
31
66
202
378
7
40
127
215Biomass energy
EE industry
Fossil fuel switch
Coal bed/mine methane
347
130
24
19
80
6
14HFCs
N2O
Landfill gas
Hydro
Carbon credits - origination to commercialisation 2007 EcoSecurit ies Group p lc
Figures denote number of projectsSource: UNEP-RISOE
, , , , , ,
Count Apri l 07 2012 Volume Apri l 07 2012 Volume August 06
-
8/13/2019 Ets Ecosecurities Latest Development
12/29
Redefined Technology by Volume1110EE Service
However, renewable
projects beginning to make
4
2
4
1
11
2PFCs
Energy distributio n
EE households
a s gn can con r u on6
19
32
3
22Cement
EE supply side
Reforestation
169
21
31
110
7
7Coal bed/mine methane
Fugitive
Agriculture
66
202
130
40
127
80
Landfill gas
EE industry
Fossil fuel switch
24
1,061
19
561
14HFCs
Renewables
N2O
Carbon credits - origination to commercialisation 2007 EcoSecurit ies Group p lc
Figures denote number of projectsSource: UNEP-RISOE
, , , , , ,
Count April 07 2012 Volume April 07 2012 Volume August 06
-
8/13/2019 Ets Ecosecurities Latest Development
13/29
As of mid April
2007, a total40
45
Millions
volume of 44.7
million CERs have
been issued to30
35
CDM project
developers.20
25Others
HFC
10
15
0
5
05 -05
-05
-06
-06
-06
-06
-06
-06
-06
-06
-06 06 -0
6-06
-07
-07
-07
-07
Carbon credits - origination to commercialisation 2007 EcoSecurit ies Group p lc
Oc No De Ja Fe Ma Ap M
a Ju J Au Se Oc No De Ja Fe M
a Ap
Source: UNFCCC
-
8/13/2019 Ets Ecosecurities Latest Development
14/29
As of mid September
2006 Volume issued102
0
0
Fuel Switch
Geothermal
per technology:
HFCs 11 m CERs
362
297
128
112
Energy Efficiency
Waste Gas
.
At present:1,370
647
469
86
46
Wind
Landfill Gas
emen
.
Others 19 m CERs
5,554
1,951
1,693
1,968
623
1,080
Biomass
Hydroelectricity
Anaerobic Digestion
21,498
6,122
10,938
0
HFC
N2O
Carbon credits - origination to commercialisation 2007 EcoSecurit ies Group p lc
Source: UNEP-RISOE
, , , ,
CERs Issued April 07 CERs Issued August 06
-
8/13/2019 Ets Ecosecurities Latest Development
15/29
Carbon credits - origination to commercialisation 2007 EcoSecurit ies Group p lc
-
8/13/2019 Ets Ecosecurities Latest Development
16/29
What is P-CDM?> Identify incentives to a carbon reducing policy measure like:
Soft loan programs to promote energy proactive building rehabilitation
Grant programs to promote the use of renewable energy
> In programmatic CDM:
The program enacting agent (Government, NGO, financial intermediary, industrial
federation) is project participant
> Terminology
PoA - programme of activities
- program ac v y - a pro ec ac v y un er a programme o ac v es
Registered PoA - has provided the framework to the Board, in accordance with
the guidance and provisions, so that CDM programme activities under a
Carbon credits - origination to commercialisation 2007 EcoSecurit ies Group p lc
-
8/13/2019 Ets Ecosecurities Latest Development
17/29
Characteristics of P-CDM
> Implemented by one or more entities but only one enacting agent
> The enacting agent project participants (private or a public entity)> Voluntary or mandatory programme
> Across more than one country
> Small or large scale> Multitude of dispersed actions
> The GHG reducing actions do not necessarily occur at the same time
> The type, size and timing of the emission reducing actions may not be known - -
> The program is the project
Carbon credits - origination to commercialisation 2007 EcoSecurit ies Group p lc
-
8/13/2019 Ets Ecosecurities Latest Development
18/29
Opportunity for under performing sectors?1110EE Service
1
1
1
4
1
1
2
4
Tidal
PFCs
Energy distribution
EE households
6
4
7
3
2
19
86Geothermal
EE supply side
Reforestation
Transport
32
109
169
21
22
38
110
7Fugitive
Agr icul ture
Biogas
Cement
211
31
66
202
7
40
127
215
EE industr y
Fossil fuel switch
Coal bed/mine methane
Wind
347
130
24
19
169
80
6
14HFCs
N2O
Landfill gas
Hydro
Carbon credits - origination to commercialisation 2007 EcoSecurit ies Group p lc
0 100,000 200,000 300,000 400,000 500,000 600,000
Count April 07 2012 Volume April 07 2012 Volume August 06
Kt CO2e to 2012
-
8/13/2019 Ets Ecosecurities Latest Development
19/29
Outlook for Programmatic CDM> P-CDM can broaden the sco e of the CDM within the existin
regulatory framework :
Strengthening the CDM for under-represented sectors (e.g. EE, micro-renewa es, ue sw c
reduce transaction costs
,
Responding better to the needs of LDCs and poor communities
> Guidance is required (EB Guidance imminent):
Use of approved or new methodologies for programs
Additional guidance on how to complete the PDD form for programs
Carbon credits - origination to commercialisation 2007 EcoSecurit ies Group p lc
Crediting period (post 2012) as PoAs expand to over 30 years
-
8/13/2019 Ets Ecosecurities Latest Development
20/29
-
8/13/2019 Ets Ecosecurities Latest Development
21/29
JI Geographical distribution161
19
3
13
3
13Slovakia
Ukraine
14
15
5
10
13
New Zealand
Poland
Romania
3
11
6
3
10
3
Germany
HungaryLithuania
22
21
11
17
21
9
Bulgaria
Czech Republic
Estonia
0
10,
000
20,
000
30,
000
40,
000
50,
000
60,
000
70,
000
80,
000
90,
000
100,
000
110,
000
120,
000
130,
000
140,
000
150,
000
Carbon credits - origination to commercialisation 2007 EcoSecurit ies Group p lc
-
8/13/2019 Ets Ecosecurities Latest Development
22/29
JI Technology diversification30 pp
ly
27
20
2424
20
25
ts ificationstoEE
l ificationstoEEs
assificationstoEE
side
13
9 9
1213 13
11
17
1515
NoofProje
2reclas
industria
2reclas
side2
recl
suppl
1
4
1
43
1
3
1 10
7 7
435
forestation
Biogas
assenergy
emethane
,buildings
E,
Industry
upplyside
dis
tribution
fuelswitch
Fugitive
eothermal
Hydro
an
dfillgas
N2O
Wind
A
Biom
oalbed/min E E
EE
Energy
Fossil L
Carbon credits - origination to commercialisation 2007 EcoSecurit ies Group p lc
Apr-07 Aug-06
-
8/13/2019 Ets Ecosecurities Latest Development
23/29
> Only 3 projects* proposed in April Less than one tenth of previous month
> Project development is skewed to large scale projects
> Russia and Ukraine show most potential however;
Russian draft JI rocedures have been sent to Cabinet of ministers but
there has been little further progress
Ukraine has only issued 1 LOA and around 30 projects have applied
Carbon credits - origination to commercialisation 2007 EcoSecurit ies Group p lc
*Ref Point Carbon
-
8/13/2019 Ets Ecosecurities Latest Development
24/29
-
> Decree ('Arrt') establishing procedures for approval of Kyotoro ects in France was co-si ned b the Finance and the
Environment ministry on 2nd March
> Potential to introduce domestic projects under JI
> Caisse Des Depots will launch a call for projects
> Other rivate com anies ma follow on a case b case basis
Carbon credits - origination to commercialisation 2007 EcoSecurit ies Group p lc
-
8/13/2019 Ets Ecosecurities Latest Development
25/29
Emission
reduction
potential ,
complexity
,
complexity
,
complexity
,
complexity
Carbon credits - origination to commercialisation 2007 EcoSecurit ies Group p lc
Methodological complexity
-
8/13/2019 Ets Ecosecurities Latest Development
26/29
> Methodologies will fall outside of EUETS Thermal energy under 20MWth: new renewable production, energy
efficiency or fuel switch. Includes also energy efficiency measures in
buildings
Anaerobic digestion of animal manure HFC emission reductions in supermarkets through fluid switch or
LFG capture on a landfill cell in operation (flaring is required only 1yr
after closure of the cell)
LFG collection improvement by changing the cover of the landfill
Use of tires with low rolling resistance in urban bus fleets (gives about
Carbon credits - origination to commercialisation 2007 EcoSecurit ies Group p lc
-
8/13/2019 Ets Ecosecurities Latest Development
27/29
> Significant progress has already been made> Likely to be able to assess potential size of the opportunity in the coming
months
> Will face a number of challen es
Need to prove additionality
Methodologies very specific
Need for mobilisation on the ground to fulfil true potential
> Could be a good test case for other countries to follow
Carbon credits - origination to commercialisation 2007 EcoSecurit ies Group p lc
-
8/13/2019 Ets Ecosecurities Latest Development
28/29
-
> CDM EB and secretariat to increase interaction with making CDM more efficient> To replicate the success in China to other countries and ensuring a breadth of
projects in terms of technological diversity
> As more ro ects come throu h the i eline likel to be an increased focus on
monitoring and verification> Completion of Phase 2 Naps and sector utilisation of CERs in Europe
> nsure success u y ro e ou
Essential to retain market integrity
> Encourage innovation - learning by doing
Carbon credits - origination to commercialisation 2007 EcoSecurit ies Group p lc
-
8/13/2019 Ets Ecosecurities Latest Development
29/29
Carbon credits - origination to commercialisation 2007 EcoSecurit ies Group p lc