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Perspectives Climate Change Alberto Galante Bogota, 05.09.2014

Po5 - From CDM to NAMAs: Opportunities to Accelerate Sustainable Development and Contribute Towards Global Mitigation Efforts. Perspectives Climate Change Alberto Galante Bogota, 05.09.2014.

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Perspectives Climate Change Alberto Galante Bogota, 05.09.2014

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  1. Po5 - From CDM to NAMAs: Opportunities to Accelerate Sustainable Development and Contribute Towards Global Mitigation Efforts • Perspectives Climate Change • Alberto Galante • Bogota, 05.09.2014

  2. Scaling up mitigation and incentives for financing From single measures (CDM) to sectorwide efforts (NAMAs) Single CDM projects CDM Programme of Activites Nationally Appropriate Mitigation Actions (NAMAs) Mitigation action in Sub-Sector A Voluntary programme Capacity building 2012 2012 Potential mix of funds (domestic, donor and carbon financing) Source of Funds: Carbon market (CERs) Carbon market (CERs) Scale of mitigation financing

  3. Experience from the CDM in LAC region • Key sectors under the CDM in LAC region • Renewables (70.5%); Waste (≈ 20%) • CDM has worked well in LAC region due to clearincentives and limitedgovernmentinterference • Building on the governance structure of the CDM, NAMAs should go further in standardising baseline and MRV methodologies • Moreover, possibility to integrate CDM activities as instruments under a supported / credited NAMA Source: UNEP DTU CDM/JI Pipeline Analysis and Database, August 1st2014

  4. Pre-2015 Phase Independence Phase Support Phase Transformation of CDM activities into instruments under a NAMA Support NAMA Support Facilities (e.g. NAMA Facility, GEF, EU NAMA Funds, bilateral) NAMA crediting Total sectoremissions Domestic instruments (Supported/credited NAMAs) Domestic instruments (Unilateral NAMAs) CDM portfolio 2014 ~ 2015 – 2024 ~ 2025 - 2030

  5. Example: Step-wise NAMA MRV approach – Chilean Solid Waste NAMA case (UNDP LECB Lot7) STEP 1: Analysis of CDMmethodologies and of existing MRVsystems relevant to the project • Applicable CDM meths: • ACM0022“Alternative waste treatment processes” • AMS-III.R. “Methane recovery in agricultural activities at household/small farm level” • AMS-III.AO. “Methane recovery through controlled anaerobic digestion” • Other applicable MRV meths: • Climate Action Reserve (CAR) “OrganicWasteDigestion Project Protocol V2.1” • The Gold Standard (GS) “Revised Consolidated Baseline Methodology for GHG ER from Manure Management Systems and Municipal Solid Waste” • Entreprises pour l’Environnement (Built on GHG Protocol) “Protocol for the quantification of GHG from waste management activities: Biological treatment (composting, anaerobic digestion” STEP 2: Establishment of data and parametersnot to be monitored STEP 3: Establishment of data and parametersto be monitored STEP 3A: Parameters ex-ante STEP 3B: Parameters ex-post STEP 4: Establishment of monitoring processes and monitoring frequency STEP 5: Establishment of QA/QC procedures

  6. Po5 - From CDM to NAMAs: Opportunities to Accelerate Sustainable Development and Contribute Towards Global Mitigation Efforts • ¡MUCHAS GRACIAS POR SU ATENCIÓN! • Perspectives Climate Change • Alberto Galante • Head Spain Office / Director Latin America Business • galante@perspectives.cc

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