14 November 2006 UNFCCC Side Event, COP/MOP, Nairobi Development and Implementation of a JI Track 2...
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Transcript of 14 November 2006 UNFCCC Side Event, COP/MOP, Nairobi Development and Implementation of a JI Track 2...
14 November 2006
UNFCCC Side Event, COP/MOP, Nairobi
Development and Implementation of a JI Track 2 projectManfred StockmayerDirector Camco International Ltd
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Camco International
Leading developer of carbon assets in JI and CDM projects
Camco works with industrial companies and utilities
Camco helps to maximise the volumeand to facilitate placement
Main markets:• China
• Russia
• Africa
• Central and Eastern Europe (CEE)
Listed on the London Stock Exchange
Current portfolio of more than 100 million tons of CO2
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JI in CEE: Lots of questions…..
…. Which impacts does the EU Emissions Trading Scheme have?
…. How will the issue of double counting be interpreted and be dealt with?
…. What is the JI project potential in various sectors?
…. How easy is it to develop the project documents and get them approved?
…. How much time is left to develop JI projects?
…. What is the view of buyers on ERUs?
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The Linking Directive – a bit of background
Links the project-based mechanisms (JI and CDM) to the EU Emissions Trading Scheme
National Allocation Plans shall determine the maximum percentage of CERs and ERUs to be used by installations
Application of criteria and guidelines from World Commission on Dams for hydro power projects
No CERs and ERUs from nuclear facilities and LULUCF activities
Avoidance of double counting (direct and indirect)
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The Linking Directive – basis for headache
Direct double counting
No (serious) problems as emission reductions lead to financial benefits => projects will be implemented
Indirect double counting
Potential for projects in the following categories is reduced:Renewables (wind, small hydro, biomass CHP)CHPEnergy efficiency (electricity, district heating)
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Challenges in developing baselines and monitoring plans
Based on CDM methodologies
Flexibility – take the best and leave the rest
Develop own approaches if no methodology existing
Need for well-experienced project developer/consultant
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… and even more questions…
…. How will countries react on potential limitations?
…. Are Green Investment Schemes (GIS) the solution?
…. How will the JISC further define the framework for JI?
Limited timeline for many project categories
Focus on project categories with no (minor) impact on EU ETSEnergy projects up to 20 MWMethaneBiofuels
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Thank You
Manfred Stockmayer
Director
Camco Internationalwww.camco-international.com