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The Gold Standard Premium Quality Carbon Credits

The Gold Standard Premium Quality Carbon Credits. Yale University New Haven, CT November 5 2008. The Spirit of Kyoto is The Gold Standard.

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The Gold Standard Premium Quality Carbon Credits

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  1. The Gold StandardPremium Quality Carbon Credits Yale University New Haven, CT November 5 2008

  2. The Spirit of Kyoto is The Gold Standard “The purpose of the CDM shall be to assist Parties not included in Annex I in achieving sustainable developmentand in contributing to the ultimate objective of the Convention, and to assist Parties included in Annex I in achieving compliance with their quantified emission limitation and reduction commitments...” -- Kyoto protocol, Article 12.2

  3. An introduction to the Gold Standard What is the Gold Standard? • non-profit Foundation endorsed by 60 NGOs; based in Switzerland • An internationally recognised tool promoting premium quality emission reduction projects with a proven contribution to both sustainable development and climate protection • Objectives • Aligning the dual goals of offsetting • Setting & shaping a quality benchmark in all project-based markets • Provide buyer/investor guidance and reward extra efforts

  4. Gold Standard Infrastructure • Secretariat - Geneva • (multiple reviews of projects; brand management, developer assistance) • Registry - operated by APX Inc. • (200 accounts; information tools emerging) • Local Expert network - building developer, NGO, DOE capacity • (currently China, India, South Africa, Brazil; 7 regions globally > 2009) • Technical Advisory Committee - independent experts • (Audits & VER Methodology approval beyond UNFCCC scope: Cookstoves, Biodigesters)

  5. Supporter NGOs worldwide Global Envir. Institute Foundacion MDL SouthSouthNorth (SA), CAM South Africa RE & EE Institute (Nam) etc. 1 1 Pembina Institute (CAN), Sustainable Travel Int. (USA), Clean Air Cool Planet (USA) 4 KASA (Jp), Clean Energy Nepal, Renewable En. Inst. Of Thailand etc. 12 7 3 11 Winrock Int India, Rural Edu. for Dev. Society etc. 18 Philippine Network on Climate Change, Indonesia Forum for Environment etc. HELIO Int. (FR), EU Business Council for Sust. Energy e5. (D), Forum for the Future (UK), etc. plus 4 International NGOs (WWF Int., Greepeace Int., Mercy Corps, REEEP)

  6. How does Gold Standard work? The criteria are simple... • Renewable Energy & Energy Efficiency • Additionality • Sustainable Development (self assessment & stakeholders) • Third-Party Audits & Scrutiny

  7. Pre-screening • - PIN • Eligibility (1st screen) • Additionality (2nd screen) • Sust. Development (3rd screen) • Local Stakeholder Consult. • non technical summary • SD indicators • draft PDD • GS Certification • 3-weeks review period • issuance of credits • serial number • Retroactive Registration • feasibility pre-assessment • TAC • Project Final Design • - PDD • - Methodology • Additionality • Do-no-Harm • SD Matrix • GS Verification • DOE • monitoring (inc. SD ind.) • Verification report • Stakeholder Feedback Round • non tech. summary • SD indicators • final PDD • GS Registration • - 8 weeks review period • TAC • GS External Validation • - DOE • Validation report • GS Internal Validation • - TAC • Validation statement micro-scale projects

  8. Buyer’s demand on projects “Quality Quality Quality” © Ecosystem Marketplace & New Carbon Finance 2008

  9. Value Drivers • Reputation & Market Visibility • Global Brand • Broad NGO, industry backing • Undercurrent of political support • Non-carbon Risk Management • Stakeholder involvement • Scope & Delivery • Premium prices • Costs << Benefits • Demand >> Supply ==> 5-25% premium for CERs / 20-150% for VERs

  10. EU/ETS. Vol: 2,061 mt; Value 50,097 Mil. USD CDM. Vol: 791 Mt. Value 5,877 Mil. USD JI. Vol: 41 Mt. 499 M USD CCX. Vol. 23 Mt. Value 72.4 Mil. USD Voluntary OTC 42 Mt; Value: 258.4 Mil Voluntary Market, Significant? Source: Ecosystem Marketplace

  11. Role of GS in the Compliance Market • Reforming CDM from within requires clarifying the carbon market’s purpose -- and this is the GS mission • Promote medium term shift towards sustainable energy consumption & sustainable energy supply • Enhance local stakeholder involvement • Promote best practice for project development, validation, and verification • Beyond carbon reduction - monitor and capture co-benefits all along the project lifetime

  12. Role of GS in the Voluntary Market • The same as for the compliance market, but…. • Respond to current demand for GS VERs. • Build capacity among “green” project developers. • Harness the innovation of the U.S. • Explain and maintain reputation as premium brand and top quality product. • Educate market actors about the need for high environmental integrity and sustainable development in carbon market. • Provide input to help shape emergent market infrastructure.

  13. Pipeline • Total expected annual volume in pipeline: 15 million / 205 projects • CERs : 9 million / 102 projects • VERs : 6 million / 103 projects • Total expected annual volume, registered projects: 1 million / 15 projects • CERs : 250,000 / 8 projects • VERs : 750,000 / 7 projects • Number of countries where GS projects are/may be implemented: 35

  14. Project Pipeline - Volumes

  15. Project Pipeline by status

  16. Project Pipeline - Technologies

  17. Gold Standard Registry

  18. Malavalli Biomass Plant • Project Stream: Gold Standard CERs • Project type: Renewable Energy, Biomass Power • Methodology: AMS.I.D • GS Registration: 2006 (retroactive) • Estimated average annual volume: 20’000 CERs “Before we used to spend 12-15 Rs travelling to pay the bill and is used to take the whole day. Now my husband bikes to pay the bill and he is back within one hour.”  -Chicktha, a local user of the new billing service center

  19. Malavalli Biomass Plant • Organic farming practices • 650 new local jobs • 21,000 less tonnes CO2e/year • Rs. 45 Million to local economy • Clean biomass disposal • Reliable energy for 18 hrs/day and improved voltage. • Increased electricity promotes new industry, such as a saw mill. • More water: farmers can now grow more than one crop a year.

  20. Zengamina Mini Hydro Mwinilunga District, Zambia • Project Stream: Gold Standard VERs • Project type: Renewable Energy, Mini Hydro • Methodology: AMS.I.D • Date of registration: 2008 • Expected First Vintage: 2009 • Estimated average annual volume: Up to >3,000 VERs

  21. Zengamina Mini Hydro Mwinilunga District, Zambia • 450 jobs at the peal, a large proportion of which are women. For many, this job represented their first cash income. • Reduced emissions by up to 3,000 tonnes CO2e per year • Contributed 1,532,000 Zambia Kwacha into the local economy. • Improved local respiratory health. • Provides access to affordable electricity for local residents.

  22. More Information: www.cdmgoldstandard.org Jasmine Hyman jasmine@cdmgoldstandard.org +41 76 400 48 79 ... or visit us in our Geneva offices!

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