Canada’s CDM & JI Office Project Facilitation Support Through Canada’s CDM and JI Office

Canada’s CDM & JI Office

Project Facilitation Support Through Canada’s CDM and JI Office

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Canadian Context

• Canada ratified the Kyoto Protocol in December 2002

• Accounts for 2% of global emissions

• Canada’s target under Kyoto:– 6% below its 1990 level– Equal to 240 Mt/year during the first commitment period

(2008-2012)

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Canadian Context

• Canada is in a unique situation:

– Kyoto Protocol’s target a challenge– Alone in the Americas with a Kyoto

commitment – International competitiveness

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Guiding Principles – Kyoto Protocol Implementation

• Majority of activities at home

• All sectors should share the burden

• No undue burden on any Canadian region

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Overview

• Mandate of Canada’s CDM and JI office

• Project facilitation support

• Projects supported to-date

• Upcoming events

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Office Mandate and Strategy • National focal point for CDM and JI

– Develops and disseminates information– Links with other Canadian and international programs

• Facilitates Canadian participation in the CDM & JI– Facilitates project development– Supplies technical guidance to companies– Provides financial support to offset transaction costs– Concludes bilateral agreements

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Office Mandate and Strategy (cont`d)

• Provides approvals

• Provides analytical and policy support to negotiations

• Current focus - Project-specific activities to reduce transactions costs- Enhanced domestic outreach - Capacity-building support to key markets - Ensuring Kyoto linkages to domestic systems which

are under development- Enhancement of password-protected website - Conclusion of MOUs

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Password Protected Website

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Status of MOUs

CONCLUDED

Cuba China-Canada Joint Statement–GOC Colombia, Uganda (project-specific) Tunisia Ecuador Nicaragua Costa Rica Chile Korea Poland Ukraine Latvia

UNDER DISCUSSION

• Argentina, Bolivia

• Uruguay

• Dominican Republic

• Egypt

• El Salvador

• Peru

• Poland, Romania

• Sri Lanka

• Brazil, Guatemala, Panama

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Project Facilitation Support

Project Transaction Costs

• Development of new methodologies

• Baseline studies, monitoring plans, PDDs

• Verification & certification

• Project registration with CDM EB

• Monitoring & Verification

Project Development Costs

• Market identification

• Technical guidance

• Feasibility studies– carbon asset assessment only

• Environmental assessments

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Funding Criteria for Proposals

A Project Must:• Result in CDM or JI credits for Canada• Be commercially viable• Clearly depict the ownership rights to carbon credits• Leverage resources – cost-sharing

New 2-Step Process: • Proposal Summary Template• Detailed Proposal

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Projects Supported by CDM &JI Office

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1417

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*Africa & Middle East

- Egypt

- Ivory Coast

- Jordan

- Morocco

- Mauritania

- Senegal

- Tunisia

Asia

- Bangladesh

- China

- India

- Pakistan

- Sri Lanka

Latin/South America

- Argentina - Costa Rica

- Brazil - Cuba

- Barbados - Honduras

- Chile

Central Eastern Europe

- Poland

- Romania

- Russia

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Some Observations

• Sectoral focus: methane recovery, renewables, energy efficiency • Growing interest in sequestration• Progress: 2 Canadian projects advanced to EB • Type of Support: Feasibility studies, baselines, and PDDs

• Increasing interest in project facility approach to project development – Small-scale projects – Pembina Institute – India–GSCI-Natsource

• Absence of upfront project investment impeding project development

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Summary • Technical advisory role of office enhanced

• Financial support available for targeted activities

• Seeking opportunities to collaborate with CDM & JI stakeholders domestically and internationally

• Interested in obtaining updates on your firm’s international operations

Thank you !

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For more information ...

Canada’s CDM & JI OfficeClimate Change and Energy Division (ESCC)Foreign Affairs Canada125 Sussex DriveOttawa, ON K1A 0G2

Tel: (613) 944-3039Fax: (613) 944-0064E-mail: [email protected]: www.international.gc.ca/cdm-ji/

Documents

Canada’s CDM & JI Office Project Facilitation Support Through Canada’s CDM and JI Office