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Leveraging private sector engagement in Carbon Market development through GEF intervention.

Leveraging private sector engagement in Carbon Market development through GEF intervention. EBRD. Challenges. EBRD region (ECA + Mongolia) is far behind (at par with Africa) in Carbon Project / market development, when compared to other regions

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Leveraging private sector engagement in Carbon Market development through GEF intervention.

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  1. Leveraging private sector engagement in Carbon Market development through GEF intervention. EBRD

  2. Challenges • EBRD region (ECA + Mongolia) is far behind (at par with Africa) in Carbon Project / market development, when compared to other regions • Uncertainty on JI, CDM and regional market rules like EU ETS is stalling the further carbon development, leading to private investors no longer developing new carbon projects • The slow carbon market development in the region in combination with high carbon intensity and low penetration of energy efficiency and renewable energy means that it remains an attractive potential source for credits • Critical mass is lacking to drive through regulatory improvements and lead to a reduction of barriers • Region could slip of the carbon market radar screen if no demand generating mechanisms are being put in place.

  3. EBRD Objectives • Creating demand for carbon credits in EBRD region • Prioritise developments for Programmatic Approaches • GEF could be used to leverage EBRD and private sector investments for carbon credit investment activities • This in turn would enable carbon credit purchases to leverage project investments • Example how public funds can be used in the carbon market to leverage private sector investments

  4. Role of EBRD • Track record in projects and has dedicated carbon experts • Ability to marry donor interest and leveraging private sector • Able to structure and invest equity in fund like vehicles • Can provide some element of risk-sharing • Can provide complementing technical assistance and policy dialogue • EBRD as co-investor helps to attract professional fund managers and leverage private sector interest/investments

  5. Issues • Risk-sharing • Cost-sharing for project development • Sources of technical assistance funding

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