1

Climate Change Governance

Three pillars

a.Governments

b.Institutions

c.Markets

2

Climate Change Governance

• When one fails other compensates

• When one fails it either self corrects

and evolves with new attributes. Or

depends on the other for a change.

• The cycle should repeat it self.

3

Why we (consistently) Fail

Institutional Failure

Participation

Sophistication / Time

Blame? Democracy? Inclusively?

Inequalities

Me first attitude!

4

Why we (consistently) Fail

Government Failure

Implementation

Timely & Suitable policy

intervention

Representation

Credibility

5

Why we (consistently) Fail

Market FailureTransparency

Uniform trading platform / exchange

Pricing

Demand for Credits

For E.g. Currently 60 % emissions of India is

from Power, Steel, Aluminum, Cement, Paper &

Fertilizers

6

Steps is CDM

PIN / PCN & PDD Development

Host Country Approval

Validation

Verification

Monitoring

Implementation

Registration

Certification

Project Developers / Consultant

GOI / MOEF i.e. DNA

DOECDM EB

Project Developers

Project Developer + DOE

DOE

CDM EB

Issuance of CERs CDM EB

Inspiration – Visit various URLs / Consultants - Search for Buyer / Partner - Cost & Benefit Analysis - Proceed with the following

For Example 700 days from CDM registration to first CER issuance. 600 days from PIN to Registration. Average CER Spot Price is 12 Euros