Bio. Carbon Fund Overview Bio. CF Project Training Seminar Washington, DC September 12, 2005 Harnessing the carbon market to sustain ecosystems and alleviate poverty
World Bank Carbon Finance Products Total funds pledged: ~ US$940 million Prototype Carbon Fund. $180 million (closed). Multi-shareholder. Multi-purpose. Netherlands Clean Development Facility. ~ $172 million. Netherlands Ministry of Environment. CDM energy & infrastructure projects. Community Development Carbon Fund. $128. 6 million (closed). Multi-shareholder. Small-scale CDM energy projects. Bio. Carbon Fund. $53. 8 million (Tranche Two open). Multi-shareholder. JI and CDM LULUCF projects. Italian Carbon Fund. $80 million (open to Italian participation). Italian Multi-shareholder. Multipurpose. Netherlands ECF Netherlands European Carbon Facility. ~ $40 million with IFC. Netherlands Ministry of Economic Affairs. JI projects. Spanish Carbon Fund. ~ $220 million (open to Spanish participation). Spanish Multi-shareholder. Multipurpose. Danish Carbon Fund. ~ $64 million (open to Danish participation). Danish Multi-shareholder. Multipurpose.
Bio. Carbon Fund: Rationales n Improved land use is part of the solution to climate change (deforestation causes 20% of CO 2 emissions) n Open carbon market to rural communities (excluded if CDM restricted to energy & infrastructure) n Inform debate (so far too ideological, not enough based on facts) n Create synergies among Conventions (money channeled through UNFCCC can foster sister conventions) UNCCD
Goals n Atmospheric: Reduce GHG concentrations over baseline n Cost-effective: Buy low-cost climate change mitigation opportunities n Social: Improve livelihoods (employment, income, know-how) n Environmental: Conserve biodiversity, rehabilitate land n Adaptation: Increase social and ecological resilience of local communities
Two Windows First Window Second Window Kyoto-compatible Explore “beyond Kyoto” CDM: Afforestation /Reforestation + Biofuels CDM: Forest management, revegetation, agricultural land management Carbon credits to meet Kyoto obligations No carbon credits
Tranches and Windows First Window Second Window Tranche One (operational) Land Restoration Tranche (to be opened) Marine Tranche?
Portfolio – First Window n In-fill planting forestoration n Community forestry n Agroforestry n Biofuels
Portfolio – Second Window n Reduced n Forest tillage restoration & conservation n Revegetation
Project Portfolio n ~ 140 Project Idea Notes received n Bio. Carbon Fund Tranche One needs ~ 20 projects n 22 leading candidates under preparation (Carbon Finance Documents) n ~ 13 Mt CO 2 e by 2017 (including Windows 1 & 2) n Enough for a fund of ~ $85 million (including all costs)!
22 Leading Projects n n n n n n Albania Assisted Natural Regeneration Brazil Reforestation around Hydro Basins China Pearl River Watershed Management Colombia San Nicolas Agroforestry Colombia Silvopastoral Rehabilitation Congo Bateke Fuelwood and timber Plantation Costa Rica Coopeagri Dominican Republic Rio Blanco Reforestation East Africa Small Group and Tree Planting Ethiopia Humbo Assisted Regeneration Honduras Pico Bonito India Improving Rural Livelihhod Kenya Green Belt Movement Madagascar Biodiversity Corridor Mali Acacia Plantations Mexico Seawater Agroforestry Nicaragua Precious Woods Niger Acacia Community Plantations Philippines Watershed Rehabilitation Trinidad and Tobago Nariva Wetland Restoration Uganda Nile Basin Reforestation Ukraine Chernobyl Reforestation
Geographic breakdown
Project types
Portfolio Development 9 17 22
Investors n Tranche One operational since May 2004 n 14 Participants: $53. 8 million n Okinawa Electric; Government of Canada; Government of Italy; Tokyo Electric; Eco-Carbone; Agence Française de Développement; Government of Spain; Government of Luxembourg; Idemitsu Kosan; Sumitomo Joint Elec. Power Co. ; Sumitomo Chemicals; Japan Petroleum Exploration; Japan Iron and Steel Federation; Suntory n Tranche One closed on August 31, 2005 n Tranche Two open for contributions
How the Fund Works Technology $ Finance Industrialized Governments and Companies Technology $ Finance EITs and Developing Countries CO 2 Equivalent Emission Reductions
Governance n International Bank for Reconstruction and Development is Trustee of the Bio. CF; Bio. CF does not have legal entity n Fund Manager + Fund Management Unit n Participants (investors) represented by a Participants’ Committee approving projects, budgets, and giving general guidance n Fund Management Committee = 5 Bank managers screening projects n Host Country Committee for all Carbon Funds
Bio. CF Website n Website used intensively to communicate with Participants, project sponsors and public n Contains a description of each cleared project n Contains a FAQs section on the Bio. Carbon Fund n Will contain a discussion of some of the LULUCF specific issues, as they arise in the various projects (additionality, leakage, permanence, social and environmental benefits and risks) n Contains a page on “Useful LULUCF Resources, ” which links to other organizations, market information, methodological and regulatory aspects, etc.
Скачать презентацию Bio Carbon Fund Overview Bio CF Project Training
688e7629fb61371cb8d4875724a8613c.ppt