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Summary of day 1

Summary of day 1. What is CDM. The larger framework. Non-Annex B. CO 2. Annex B. CO 2. CER. CDM principle. Pay certificates. Reduce emissions. Use certificates to offset emissions. Sell emission reduction certificates.

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Summary of day 1

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  1. Summary of day 1

  2. What is CDM

  3. The larger framework

  4. Non-Annex B CO2 Annex B CO2 CER CDM principle Pay certificates Reduce emissions Use certificates tooffset emissions Sell emission reduction certificates

  5. Conference of Parties to the UNFCCC Meeting of the Parties to the Kyoto Protocol ( COP/MOP) CDM Executive Board (EB) Accreditation Panel appraising DOEs (AP) Methodology Panel (Meth Panel) Afforestation and Reforestation Working Group (AR WG) Small scale working group (SSC WG) CDM Registration and Issuance Team (RIT) CDM governance

  6. PHYSICAL PROJECT DEVELOPMENT Project development PROJECT IDEA FEASIBILITY STUDY FINANCING CONSTRUCTION OPERATION CDM / JI DEVELOPMENT MAKE PDD VALIDATE REGISTER MONITOR VERIFY ISSUE CERs USE OR MAKE METHODOLOGY STAKEHOLDER COMMENTS APPROVAL TEST ADDITIONALITY STAKEHOLDER COMMENTS COMMERCIAL DEVELOPMENT PREPARE TERM SHEET SELECT BUYER NEGOTIATE ERPA DELIVER CERs

  7. Designated National Authorities - DNAs Roles (1) • Evaluation and Approval: • Adoption of international eligibility criteria (Marrakech Accords) • Establishment of national criteria • Accomplishment of national and sectoral policies and legislation • Guarantee national stakeholders participation • Special consideration to stakeholders´ comments • Technical and economical feasibility of the projects • Environmental viability • Issuance of an approval letter declaring voluntary participation and SD contribution

  8. Designated National Authorities - DNAs Roles (2) • National CDM Policy and strategy formulation • Local capacity development for CDM public/private project proponents • Identification of CDM projects and formulation of PDDs • Baseline methodologies and additionally criteria • Emission reduction calculation • Monitoring protocols for project performance (e.g. SD) • Carbon market and bilateral agreements

  9. Ministerie van ATM Milieu Sektie (DNA) CDM-office Beleidsfunctie Promotie functie Externe deskundigen (NH, RGB, LVV, OW) Promotion office NIMOS Voorlichting ATM Klimaat Unit NIMOS

  10. CDM pipeline development - Countries

  11. Price development: quality determines value Source: Perspectives GmbH

  12. Conclusions • Carbon market is wide playing field • Large number of projects • Large number of players • Complex politics • Sharp increase in the past two years • More projects • Increased trade • Considerable number of issues under development • Project wise • Policy wise

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