Results based financing: Possibilities for projects in Ecuador Undersecretary of Climate Change Ministry of Environment of Ecuador Latin American Carbon Forum September 4, 2014
Results based finance for REDD+ activities
Considerations for accessing and obtaining results based finance under the UNFCCC • REDD+ activities should be fully MRVed to obtain and receive results-base finance (RBF) • GCF in a key role to channel adequate and predicable RBF (Decision 9/CP. 19) • Establishment of an Info Hub for results based activities and corresponding payments (Decision 9/CP. 19) • Parties may nominate their entities to obtain and receive results-based payments (…consistent with operational modalities of financial entities) (Decision 10/CP. 19)
Under and outside of UNFCCC Nonmarket approach Resultsbased finance Market approach *, ** Donor National REDD+ strategy / action plan Buyer Projects / Jurisdiction al level *REDD+ finance on a market based approach not yet agreed under the UNFCCC **emission reduction credits are issued and transfered
Process and institutional arrangements for results based finance in Ecuador Resultsbased finance Results based activities national level National forest monitoring / Forest reference emissions level National REDD+ Programme At policy level: Landscape approach for a • Land tenure integral mgmt • Forest control • Land use and forest of forests governances policies At local level: • • Grants for projects Incentives Technology transfer Access to credits Multilateral Bilateral GCF Voluntary Market (? ) REDD+ FUND
Results based finance for Carbon Neutrality
“Neutral Carbon” National Environmental Recognition Benefits Certification Compensation Measurement Requirements Certificación: MAE acompaña todo el proceso desde Requisitos, Control Entrega de Sello hasta
How will the measurement be done? Tools for the measurement of carbon footprint and of the compensation of non reducible emissions. ISO 14064 - 1/2/3 Guidelines and tools for the measurement of GHG emissions. PAS 2050 / 2060 GHG Protocol Fuente: GHG Protocol Quantification, design of reduction proyects, velidation and verification.
Opportunities for emission reduction Renewable energy Raw material usage Possibilities for results based payments? Energy efficiency technology
Opportunities for Compensation Reforestation of priority areas and preservation of primary forests. Carbon capture and disposal Other emission compensation measures
“Neutral Carbon” National Environmental Recognition Buildings Products Services Carbono Neutro üThis national recognition will be granted once the proponent has succesfully completed the green house gas measurement, reduction and compensation procedure. üIt will recognize activities in buildings, products and services.
Benefits Fiscal Tariff related Coorporative Image Technology transfer
National Mitigation Actions in the Waste Sector
National Mitigation Actions in the Waste Sector Objective: • Calculation of baseline Aplicability: • Calculation of baseline Description: Programa para la Gestión Integral de Desechos Sólidos (PNGIDS) • The program will grant economic incentives (subsidies) for the implementation of pilot projects that may serve as an example for the sector as a whole. • The incentive will be delivered expost on the basis of the amount of carbon bioxide that the proyect avoids ($/t. CO 2 e). • The amount of the incentive depends on the type of technology implemented. • The objective is to avoid 500, 000 t. CO 2 until december 31 st 2021. • The number of proyects that will receive the incentives depends on their mitigation potential.
National Mitigation Actions in the Waste Sector Mechanism design and development of capabilities for implementation (technical assistance) Economic Incentives for the implementation of pilot projects(€ 4 MM). Financingand refinancing opportunities by CAF / Kf. W Elaboration of additional studies Design of an MRV mechanism Emissions monitoring and verification(5 years) Subsidies to a number of projects until emission reduction objective is reached (0, 5 Mt. CO 2 e).
GRACIAS maria. garcia@ambiente. gob. ec REDD+ Specialist benedikt. haunreiter@ambiente. gob. ec Carbon Neutral Specialist alexandra. buri@ambiente. gob. ec CDM DNA Coordinator laura. salgado@ambiente. gob. ec NAMA Specialist angel. valverde@ambiente. gob. ec National Director of Climate Change Mitigation
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