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12th Climate Technology Initiative workshop
Berlin, Germany 14th 15 th September 2011
BOS s energy efficiency programme in buildings
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Long lasting cooperation between BOS (CME) and KfW (project participant) Available tool for capacity building (PoA Support Center) Integrated approach combination of PoA development and financing Simplified methodological approach
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Over 10 years of cooperation (first agreement signed on 18 April 2000) Six Global Loan agreements concluded Nearly EUR 50 Mio allocated mostly for support of SMEs and municipalities in pro-environmental and infrastructure investments That counts to 554 sub-loans 6th GL agreement dedicated to finance energy efficiency investments
Modernization Programme
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Capacity building by PoA Support Centre
Since October 2008 KfW runs the PoA Support Center funded by the German
Federal Ministry for the Environment, Nature Conservation and Nuclear Safety - BMU
PINs + PDDs for the two JI PoAs of BOS Bank were financed from the PoA
Support Center as well as additional pre-determination screening.
Workshop with several stakeholders (BOS Bank, KfW, DNAs, DFPs) was partly financed by PoA Support Center
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CDM/JI projects in the building sector - A case for PoAs and an integrated approach (1)
CDM/JI projects in the building sector are ideal fields for programmatic approaches (PoAs): high homogeneity of individual measures (micro projects) allows their bundling in programmes to reduce transaction costs reduced transaction costs enable the access to the carbon credit market for mostly micro projects (especially in case of one family houses) Financial institutions as coordinating entities for the PoAs and financiers of the investments (integrated approach) have experience in the programme business normally manage financial flows and financial transformation (liquidity gap between initial incentive and later revenues - seed financing for PoAs) guarantee sustainability of the programmes (loans have to be repaid) reach target groups via branch network have data and monitoring systems which can be used for the implementation of the PoAs
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CDM/JI projects in the building sector - A case for PoAs and an integrated approach example BOS Bank (2)
KfW
BOS Bank Global Loan
Subsidy Fund
Carbon payment Carbon Fund
Global Loan Europe
Department
Carbon credits via DFP
Final Beneficiaries
Sub-loan
Advice PoA
Redemption Redemption
subsidy
Carbon title via DFP
Carbon credits Carbon revenues
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Simplified methodological approach (1)
CDM methodologies (AMS I .C, AMS I I .E) are not applicable as programme activities are very small thus a general and standardized approach is employed. The baseline is set in accordance with appendix B of the JI guidelines and the guidance on criteria for baseline setting and monitoring developed by the JISC. Historical emissions approach is most suitable for the preparation of the baseline. As emissions vary with the installation type, the plant-specific emissions are taken into account:
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Simplified methodological approach (2)
The calculation of the annual emission reductions are performed for all JPAs based on estimated fuel consumption for the historical and the project situation (ex-ante calculation) in two different tools. The emission reductions are the difference between the emissions of the baseline and the emissions of the project situation.
Ex-post calculations are not done as this would be too cumbersome and would not bring net benefits. Data on historical fuel consumption is registered for checking purposes. Tool 1: Monitoring of emission reductions for one and two family houses Tool is based on a simplified assessment method for the energy profile of buildings which was
Tool has been adapted to the climatic conditions in Warsaw, but is still based on the statistical data (not input data) of the German residential building stock. So emission reductions are underestimated (due to lower energy demand in German buildings) conservative estimate. Emissions for the baseline situation and the project situation are calculated using input data about the building envelope, the construction type and the heating system.
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Simplified methodological approach (3)
Emissions for the project situation are calculated applying the same formula as for the baseline situation. Emissions from electrical heat pumps are excluded (included in the EU-ETS), except for fluid HFC. The input data are collected from the client by BOS Bank staff in the branch network at the time of loan application (questionnaires for baseline and project situation are used). Tool calculates automatically fuel consumption and emission reduction for each JPA. Tool 2: Monitoring of emission reductions for other buildings The monitoring for other buildings (e.g. municipal buildings) is done on basis of the official Polish regulation for energy audits. The energy audit needs to be done by a certified auditor (e.g. from the Energy Auditors Association). BOS Bank gets together with the loan application from each JPA the building's energy audit sheet which contains the ex-ante calculated fuel consumption prior and after the investment.
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Risk factors
There is a high post-Kyoto risk as JI will expire end of 2012 without new international agreement (i.e. emission reductions generated after 2012 cannot be transformed into ERUs) Solutions could be: GIS (for the emission reductions after 2012) - In case of Kyoto failure there are no rules for implementation of intra- -JI mechanism.
BO Emil Wróblewski
Financial Institutions Department e-mail:
[email protected] Phone: +48 22 850 86 36
If you have any further questions or would like to learn more about us and our Programme please do not hesitate to contact us under the coordinates listed below
KfW: Michael Ruffing
Carbon Fund e-mail:
[email protected] Phone: +49 69 7431 21 73
Thank you for your attention!
