Jordan Final Market Readiness Proposal - the PMR...Jordan’s Final Market Readiness Proposal (MRP)...
Transcript of Jordan Final Market Readiness Proposal - the PMR...Jordan’s Final Market Readiness Proposal (MRP)...
Jordan’sFinalMarketReadinessProposal(MRP)PA14–Lima–April27,2016
JordanFinalMarketReadinessProposal
PA14–Lima,PeruApril27,2016
Jordan’sFinalMarketReadinessProposal(MRP)PA14–Lima–April27,2016
2
Agenda
1. MRPObjecHvesandFocus
2. Comments/SuggesHonsreceived
3. UpdatestothedraPMRP
4. SummaryofbudgetandHmelines
Jordan’sFinalMarketReadinessProposal(MRP)PA14–Lima–April27,2016
3
MRPObjecHveandFocus
• Longtermaim:scaled-upcredi4ngmechanism.TheMRPpresentsthe1stpartofaplan,takingJordanfromaveryearlystageofmarketreadiness,tothisgoal.
• MindfulofthePMRpriori4es,thefocusofthePMRac4vi4esintheini4al
implementa4onphase(IP):§ developmentofarobustMRVframeworkandtechnicalassistanceto
enhancethecapacityandreadinessofpublicandprivatesectoractorsforclimatefinancingandmarketinstruments.
• Keyac4vi4es:
AxisA:DeveloprobustMRVframework,buildingonexis4nginforma4onAxisB:S4mulatepipelineofGHGmi4ga4onac4vi4es,throughtechnicalassistanceandcapacitybuildingoftheprivatesector,andproject&fundingmatch-making
• Principles:
• Engagement,alignmentwithsimilargovernmental,privatesectoranddonorac4vi4es.
• ‘No-regrets’.
Jordan’sFinalMarketReadinessProposal(MRP)PA14–Lima–April27,2016
4
MRPRevisionProcess
TimelineofrevisionstothedraPMRP
July-Sept.2015:DraTMRPwassubmiUedfollowing2roundsoffeedbackfromexpertreviewers-AlyssaGilbert(Grantham,Imperial,UK),FrancoisBoulanger(NODALISConseil,France).October2015:Submissionofthe1stDraTMRP29thOctober2015:Atthe13thPA,verbalques4onsreceivedfromthesepar4es:• EBRD,Turkey,Japan,UK,SpainandECJan2016:Addi4onalwriUenques4onsandcommentsfromtheUK.Jan–April2016:ReviewandupdateofthedraTMRPbythecorePMRteam,takingintoconsidera4onthecommentsandques4onsreceived,inordertosubmitthefinalMRPforsubmissionatthe14thPA.April2016:SubmissionofthefinalMRP
Jordan’sFinalMarketReadinessProposal(MRP)PA14–Lima–April27,2016
5
Comments/SuggesHonsreceivedatthe13thPA
ThealignmentwithPMRprioriHes
• Historically,PMRsupportsachievingGHGmi4ga4ontargetsthrough:• buildingcapacityandinfrastructureforrobustMRVs;• designinglocallyrelevantMBIs;• andsuppor4ngimplementa4on.
• DespitestrongMBIsupport,significantcapacitydevelopmentandrobustins4tu4onal(MRV)frameworkarepre-requisitesforfurtheriden4fyinganddesigninganMBI.
• Ini4alimplementa4onphasefocusesonextensiveTechnicalAssistance(TA)andCapacityBuilding(CB),inpublicandprivatesector,inordertodevelopamulH-HerMRVframework,andsupportcrea4onofapipelineofmi4ga4onac4vi4es.
• Extensiveengagementwiththepublicandprivatesectorstakeholderswillenabletheiden4fica4onofpoten4alinstruments,crea4ngincen4vesforgreaterengagement,iden4fyingdomes4csourcesofdemand.
• GivenJordan’ssocio-economiccondi4onsandna4onalpriori4es,thisapproachisdeemedtoprovidetheappropriatepathwaytoachievingthePMRpriority.
Jordan’sFinalMarketReadinessProposal(MRP)PA14–Lima–April27,2016
6
Comments/SuggesHonsreceivedatthe13thPA
InterplaybetweenPMRfundingandotherfundingavailableforGCFreadiness;NAMAs,etc.
• CCDisfocalpointofCCac4vi4es,NDAforGCF;CCDproac4velybuildscomplementaritybetweenthevariousfundingsources
• PMRProjectwillimprovecoordina4onofdonorac4vi4esonCC:o MRVtrackingsystemo DonorcommiUeeaspartofthegovernancestructure–provideinputs
andiden4fysynergies
ChangestotheDraPMRP:donorcommiUeehasbeenaddedtothegovernancestructureoftheMRPac4vi4es
Jordan’sFinalMarketReadinessProposal(MRP)PA14–Lima–April27,2016
7
Comments/SuggesHonsreceivedatthe13thPA
AlignmentbetweenINDCdevelopmentandthePMRacHviHes,especiallyregardingthetop-downMRV
• MRPwasdevelopedinparallelwithINDC,ledbytheCCD,andinvolvingmanyofsamestakeholders.
• CoreMRPac4vi4es-MRVframeworksandpublicandprivatesectorengagement–willenablethetrackinganddevelopmentofINDCmi4ga4onac4vi4es.
• TheMRVframeworkwilloperateatna4onal,sectoral,agency/fundandprojectlevels,enablingtop-downandboUom-upMRV.ThiswillcoverthetrackingoffocalNDCmi4ga4onac4vi4es.
• TheCCDasfocalpointforPMRandUNFCCC.AsNDCtrackingrequirementsbecomesclearer,itisintendedthatthePMRprojectbeadaptedaccordingly.
Jordan’sFinalMarketReadinessProposal(MRP)PA14–Lima–April27,2016
8
Comments/SuggesHonsreceivedatthe13thPA
Strengtheningtheemphasisonprivatesector
Astrongprivatesector,capableofdeveloping,financing,andimplemen4ngmi4ga4onprojectsisfundamentaltoachievementofmi4ga4onobjec4vesinJordan.ThePMRac4vi4esseektoaddresskeychallengesfacingprivatesector(financiersandprojectdevelopers),through:1. ClimateFinanceCapacityBuildingProgrammeandPartnership2. TechnicalassistanceonMRV3. Analy4calstudies–MBIstoincen4viseREandEEClosecollabora4onwithIFCandotherdevelopmentpartners(USAID,AFDetc.)tocarrytheseout
ChangestotheDraPMRP:• Re-draTingandclarifica4onsec4on4.1andintroduc4on-PrivateSectorChallenges• Ac4vityB1(ForumforLowcarboninvestment),replacedwith
o B2.ClimateFinanceCapacitybuildingprogrammeo B3.PartnershipforClimateAc4on
• Newac4vity:B7.Studyofdomes4cmarketopportuni4esinJordan
Jordan’sFinalMarketReadinessProposal(MRP)PA14–Lima–April27,2016
9
Comments/SuggesHonsreceivedatthe13thPA
FundingforsubsequentimplementaHonphasesJordan’sMRPenvisagesac4vi4esbeyondthePMRimplementa4onphase.Thefirstpriorityisthesuccessfulimplementa4onofac4vi4esoftheMRP.CCwillremainhighpriorityareasforJordan,asperVision2025andGreenEconomystrategyInaddi4on,thefollowingac4onshavebeentaken,toensuresustainability:• Anewac4vityhasbeenaddedtosupportthePMUinfundraisingforfutureimplementa4onphases• Focusoncapacitybuildingandlas4ngframeworks–inMRVandprivatesectorengagement• Regula4ngMRVframeworks• Innova4vebusinessmodelsforprivatesectorengagementac4vi4esChangestotheDraPMRP:• Introductorysec4onadded:“EnsuringthesustainabilityofPMRac4vi4esgoingforwards”• Ac4vityB4reviewedandrenamedto“Upstreampolicyanalysisforcoherence”,includingabroader
reviewofcoherence/contradic4onsofkeypolicyandregula4on.• Ac4vityadded,AxisA:“NeedAssessmentandRecommenda4onforlegisla4veamendmenttosupport
MRVframework”.• Developmentofbusinessmodelsaddedtonewac4vi4esB2.ClimateFinanceCapacitybuilding
programmeandB3.PartnershipforClimateAc4on• Ac4vityaddedforthePMU:Supportforfinancingsfutureimplementa4onphases.
Jordan’sFinalMarketReadinessProposal(MRP)PA14–Lima–April27,2016
10
Comments/SuggesHonsreceivedatthe13thPA
LevelofcommitmentfortheMRP
TheMRPhashigh-levelcommitment.• EndorsedandapprovedbyMinisteroftheEnvironment,H.E.Dr.TaherR.Shakhashir,whositsontheJordanianCouncilofMinisters.• FacilitatedbytheSecretaryGeneraloftheMoEnv,coordinatoroftheNCCC• MRPdevelopedbyamul4-agencyTechnicalWorkinggroup,includingMoEnv,MEMR,MoWI,MoPIC,MOF,GAM
Jordan’sFinalMarketReadinessProposal(MRP)PA14–Lima–April27,2016
11
Comments/SuggesHonsreceivedatthe13thPA
ContextfordomesHcdemandforacrediHngmechanism
• Attheinterna4onallevel,prospectsfordemandfromcarbonmarketsandRBFmechanismhaveimproved,butarenotconcrete
• LargenumberofdonorsinJordanareapoten4alsourceofdemand• Na4onally,themarketisquiterestrictedduetolowlevelofemissions.Newac4vityinMRP:analy4calworktoiden4fypoten4alsourcesofdomes4cdemandanditscharacteris4cs,incloseconsulta4onwiththeprivatesectorstakeholders.
ChangestotheDraPMRP:Ac4vityadded,B7.Studyofdomes4cmarketopportuni4esinJordan
Jordan’sFinalMarketReadinessProposal(MRP)PA14–Lima–April27,2016
12
UpdatestothedraPMRP
AxisASupplementaryAc4vi4esLegislaHvesupporttoMRV
frameworkReadinessinNon-Target
SectorsforMRVintegraHonDescripHonofacHviHes
NeedAssessmentandRecommenda4onforlegisla4veamendmenttosupportMRVframework
Studyonthereadinessofnon-targetsectors(Transport,Agriculture,Waste)forMRVintegra4on(inexis4ngornewInfoSystems)
OutputsDuringPMRimplementaHonphase
• Assessmentandrecommenda4onofpossiblelegisla4veamendments
• UnderstandingofreadinessandMRVinnon-targetsectors
Outputssubsequentphases
• SupporttoCCDimplemen4nglegisla4veamendments
• Developingaroadmapforinclusionofnon-targetsectors
Jordan’sFinalMarketReadinessProposal(MRP)PA14–Lima–April27,2016
13
UpdatestothedraPMRP
AcHvityB2LowCarbonInvestmentForum,furtherelaboratedandsplit.IdenHficaHonofInnovaHvebusinessmodelstoensuresustainability
B2.ClimateFinanceCapacityBuildingProgramme
B3.PartnershipforClimateAcHon
DescripHonofacHviHes
• Ledbyprivatesector;coordinatedbyCCD
• Engagementofprojectdevelopersandfinanciers
• Iden4fica4onofCBrequirementsforaccessinganddeliveringCF
• Developmentandimplementa4onofCBprogramme(workshops,guidelines,trainingcourses)
Workinggroupofexperiencedprivatesector(projectdevelopersandfinanciers)leaders,todiscussandgenerateproposalsforfinancialinstrumentsandpolicyini4a4vestomobiliseandenhanceaccesstoclimatefinanceinJordan.
OutputsPMRIP
• Establishtheprogramme/partnershipwithkeystakeholders/par4cipants• Focusoncapacitybuildingandideagenera4on,supportinaccessingresultsbasedfinance.
• Crea4onofguidancematerials• Iden4fica4onofbusinessmodels
Outputssubsequentphases
• Furthercapacitybuildingonclimatefinanceskills,toenableaccesstoRBF.• ShiTingemphasisfromcapacitybuildingtoknowledgesharingamongkey
prac44oners,updatesontrendsandbarriersinthemarket.• Publica4onandupda4ngofguidancematerials• Implementa4onofbusinessmodels
Jordan’sFinalMarketReadinessProposal(MRP)PA14–Lima–April27,2016
14
UpdatestothedraPMRPAcHvityB4–assessmentofkeylaws(REEEandPPPlaws)-broadenedNewacHvity:B7.StudyofdomesHcmarket
B4.Upstreampolicyanalysisforalignmentandcoherenceacross
Ministries
B7.DomesHcMarketOpportuniHesinJordan
DescripHonofacHviHes
Assessmentofthelegalandpoli4calcondi4onsfordevelopingandimplemen4ngREandEEprojectsinJordan.Focusonareasforaligningandcoordina4nginter-ministerialac4vi4es.
Studyofdomes4cmarketopportuni4es,focusingondemandforcredi4ngbasedmechanisms.Developedinpartnershipandengagingtheprivatesector.
OutputsPMRIP
• Assessmentandrecommenda4onofPPPandREElaws,atminimum
• Assessmentofwiderpolicy/regulatorycoherence,iden4fica4onofpossiblecontradic4ons
• Deliveryofthestudy• Engagementwithprivatesectortounderstandcurrentdemand,anddeviseplanfors4mula4ngfuturedemand
Outputssubsequentphases
• Intheeventofcontradic4ons,roadmapsandstakeholderengagementtoresolvethese.
• Inves4ga4onofop4ons/mechanismsfors4mula4ngprivatesectordemand
Jordan’sFinalMarketReadinessProposal(MRP)PA14–Lima–April27,2016
15
Updatestothegovernancestructure
Coreteam:u Allac4vi4esoverseenandmanagedbythe
CCD,willbesupportedbyexternalPMconsultants
u Newresponsibility:fundraisingforfutureIPsu Ac4vi4eswillinvolvesignificantstakeholder
engagement–public,private,donorsNCCCinformedandconsultedofac4vi4es.Providescross-ministeriallink,andsupport.Donorcommieeeinformedandconsultedofac4vi4es,allowingcoordina4on
ProjectManagementUnit
NaHonalClimateChangeCommieee
PMRCoremanagerialteamClimateChangeDirectorate
ExternalProjectManagementConsultants
StakeholderengagementKeyministriesandpublicbodies,donors,privateSectorPartners
AxisAAcHviHes
AxisBAcHviHes
Consultants/trainees
DonorCommieeee.g.USAID,GIZ,GGGI,AFD,EBRD,UNDP,UNEP
Consultants/trainees
Jordan’sFinalMarketReadinessProposal(MRP)PA14–Lima–April27,2016
16
SummaryofBudgetandHmelines
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q41. Design of the multi- tier MRV framework,project registry, match making platform
493 A
2. Implementation of the MRV framework andpilots; and the project registry and match-making platform
1231 A
3. Private Sector Engagement 408 B4. Analytical and Technical Studies 450 A&BProject Management Unit (see section 7.5.3) 374 A&BTotal budget requested from PMR 2,956Contribution in kind (see section 7.4) 700 A&BTotal Budget of the PMR programme 3,656
Year1 Year2 Year3Budget $,000Activity Axis
Jordan’sFinalMarketReadinessProposal(MRP)PA14–Lima–April27,2016
17
DetailsofBudgetandHmelines
ACTIVITIES(SupportingAxisAandB)Axisandactivitynumber
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
1.DesignoftheMRVframeworks,projectregistry,matchmakingplatform1.1.1Institutionalframework:Mappingexistinginformationframeworksofsectoragencies;high-levelassesmentofITandtechnicalcapabilities;preliminarydesignoftheMRVframework A1/A2 53
1.1.2DefinitionofharmonizedGHGMonitoring,ReportingandVerificationrequirementsforthreelevels:project,program/agency/Fundandsector;andforeachsector-specificinformationframework; A1/A2 1171.1.3Definespecificmodificationstoexistingsector-specific(MEMR,MOWI)informationframeworkstointegrateGHGMRV;developdatasharingagreementsforinclusionintheMOUs A1/A2 50
1.1.4AssessmentofJEISanddesignforintegrationofGHGMRVframework(projectandsector)andmatchmakingplatform(registryofplannedprojsandsupport)inJEIS(homesite);defineITsolutionsforintegrationwithtargetsector-specificInfoframeworks;developstoragesolution A1/A2andB6 771.1.5AssessmentanddesignofITsolutionsandprojectmanagementtoolsforGAM,JREEEFandJEFthatmeetsMRVrequirementsandstorage(inlinewiththesector-specificinfoframeworks) B1 114
1.1.6IdentificationanddesignofProjectmanagementtoolsandtechnicalcapacitybuildingrequiredforMRVframeworkmanagementandqualityassurance(CCD,JEIS,Monitoringandassessmentunit) A1/A2 83
SubtotalActivity1 493
Year1 Year2 Year3 Subtotalcosts($000s)
Subtotalcosts(000s)
Jordan’sFinalMarketReadinessProposal(MRP)PA14–Lima–April27,2016
18
DetailsofBudgetandHmelines
ACTIVITIES(SupportingAxisAandB)Axisandactivitynumber
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2.ImplementationoftheMRVframeworkandprojectregistry(incl.twopilots)2.1ImplementationoftheMRVframework
2.1.1ProcurementanddeploymentofnecessaryITsolutionsforintegrationofJEISandthetargetsector-specificinfoframeworksandstorage A1/A2 100
2.1.2ProcurementanddeploymentofnecessaryITsolutionsforstrengtheningandstreamliningofMRVframeworksandstorageatGAM,JREEFandJEF B1 742.1.3DesignfortheintegrationofGHGMRVintargetsector-specificinformationframeworks(MEMR,MOWI):developmentoftemplatesandprotocolsforreportingandqualitycontrol A1/A2 1082.1.4TechnicalsupportforCCD A1/A2 502.1.5TechnicalsupportforJEIS 1222.1.6TechnicalsupportforMoEnv'sMonitoringAssessmentUnit 412.1.7Technicalsupportfortargetsector-specificInfoframeworks(MEMR,MOWI)formanagementofGHGMRVcomponent A1/A2 722.1.8TechnicalSupportandCapacitybuildingprogramonMRVframeworkandprojectmanagementforJEF B1 552.1.9TechnicalSupportandCapacitybuildingprogramonMRVframeworkandprojectmanagementforJREEF B1 1502.1.10TechnicalSupportandCapacitybuildingprogramonMRVframeworkandprojectmanagementforGAM B1 502.1.11Developmentofguidanceandtrainingmaterials,includingGHGMRVframeworksguide,projectlevelMRV,emissionbaselines,qualitycontrol;developguidanceforintegrationwithothersector-specificinformationframeworks A1/A2 50
Year1 Year2 Year3 Subtotalcosts($000s)
Subtotalcosts(000s)
Jordan’sFinalMarketReadinessProposal(MRP)PA14–Lima–April27,2016
19
DetailsofBudgetandHmelines
2.2.PilotingMRVframework2.2.1Deliveryofbroadertraining(2.1.7)forallparticipants(MoEnv,targetsectors,JEIS,GAM,JREEEFandJEF),includingworkshops
A1/A2 592.2.2.PilotMRVframeworkswith2targetsector-specificInfoframeworksandfor2pilotprojectsincludingdevelopingspecificprojectemissionbaselinesandestimatingGHGsavingspotential A1/A2 1252.3ImplementationoftheRegistryandmatch-makingplatform2.3.1ProcurementofITsolutionsforprojectregistry B6 502.3.2ITDevelopmentforweb-basedregistry(incl.databaseprogramming,webinterfacedesign) A1/A2andB6 75
2.3.3Technicalassistancetoweb-basedregistryrelateddataproviderandcompilationunits(e.g.JEIS,JAIMS);Developmaintenanceguide/protocolandprovidetechnicalsupporttotheregistryhost B6 50
SubtotalActivity2 1231
Jordan’sFinalMarketReadinessProposal(MRP)PA14–Lima–April27,2016
20
DetailsofBudgetandHmelines
ACTIVITIES(SupportingAxisAandB)Axisandactivitynumber
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
3.Privatesectorengagement3.1EstablishingtheClimateFinanceCapacityBuildingProgramme&PartnershipforClimateActiontosupportcompaniesandfinancialinstitutionsworkingonEE&RE;developbusiness/workplan B2andB3 183.2Scopingofcapacityneedsofbankingsectortoscale-upfinancingsupportformedium/small-scaleRE&EEprojects B2 503.3Scopingoftrainingprogrammeforenergysectorcompaniesandenergyserviceconsultantstodevelopbankableprojects B2andB5 603.4DevelopmentandDeliveryoftrainingprogrammesforprojectdevelopers,andfinanciers B2 1003.4DevelopmentandDeliveryoftrainingprogrammesforenergyservicecompaniescompanies B5 603.5Oversightandadministrationofdeliveryofcapacitybuildingprogrammeandpartnershipactivities B2 120
SubtotalActivity3 408
Subtotalcosts($000s)
Subtotalcosts(000s)
Year1 Year2 Year3
Jordan’sFinalMarketReadinessProposal(MRP)PA14–Lima–April27,2016
21
DetailsofBudgetandHmelines
ACTIVITIES(SupportingAxisAandB)Axisandactivitynumber
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
4.AnalyticalandTechnicalStudies4.1Assessmentofmitigationpotentialinkeysectorsandprogressmadetilldateinrealizingthatpotential A1/A2 564.2Studyofemissionsinkeysectors:baselines,projections,exploreoptionsfortargetsetting A1/A2 564.2.1ReviewofJordanspecificEmissionFactors A1/A2 554.2.2Studyofmitigationpolicyoptions:combiningprogressreportsandtargets
A1/A2 564.3NeedAssessmentandRecommendationforlegislativeamendmenttosupportMRVframework A1/A2 49
4.4UpstreampolicyanalysisforalignmentandcohesionacrossMinistries B4 494.5Studyofreadinessofnon-targetsectors(Transport,Agriculture,Waste)forMRVintegration(inexistingornewInfoframeworks) A1/A2 544.6Studyofdomesticmarketopportunities(e.g.,tradableenergycertifications)inJordan B7 76
SubtotalActivity4 450
Year1 Year2 Year3 Subtotalcosts($000s)
Subtotalcosts(000s)
Jordan’sFinalMarketReadinessProposal(MRP)PA14–Lima–April27,2016
22
THANKYOU