overview of the united nations’ offset mechanisms
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Overview of the United Nations’ offset mechanisms. Robin Rix Lead, Strategy Development, Market-based Mechanisms United Nations Climate Change Secretariat. Key messages. - PowerPoint PPT PresentationTRANSCRIPT
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ICAO Symposium on Aviation and Climate Change, “Destination Green”, 14 – 16 May 2013
Destination Green
Overview of the United Nations’offset mechanisms
Robin RixLead, Strategy Development, Market-based Mechanisms
United Nations Climate Change Secretariat
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ICAO Symposium on Aviation and Climate Change, "Destination Green", ICAO Headquarters, Montréal, Canada, 14 - 16 May 2013 2
Key messages
1. Offset mechanisms help countries, companies, and individuals to meet emission reduction targets at the lowest possible cost
2. The UN runs the world’s largest offset mechanism: Clean Development Mechanism (“CDM”) Operational through 2023 at least
3. New (and larger) offset mechanisms are being developed, to be operational by 2020 at the latest
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ICAO Symposium on Aviation and Climate Change, "Destination Green", ICAO Headquarters, Montréal, Canada, 14 - 16 May 2013 3
Introduction to the CDM
Established in 1997, operational since 2001 Aims are to reduce emissions and promote
sustainable development Two-stage process:
Registration of projects that reduceemissions in developing countries
Issuance of credits correspondingto actual reductions that are achieved
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Preparation of project
proposal
Validation of project
proposal
Consideration of request for registration
By project participants
By third-party auditor
By regulatorybody
Monitoring of emissions
Verification of emissions
Consideration of request for
issuance
Project cycle
Issuance
Registration
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ICAO Symposium on Aviation and Climate Change, "Destination Green", ICAO Headquarters, Montréal, Canada, 14 - 16 May 2013 5
Statistics to date
> 6800 registered projects in over 80 countries> 1.3 billion issued credits (“CERs” = certified emission reductions)
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ICAO Symposium on Aviation and Climate Change, "Destination Green", ICAO Headquarters, Montréal, Canada, 14 - 16 May 2013 6
Quality
All projects are scrutinized by third-party auditors All projects are subject to review by the governing
body (CDM Executive Board) Internationally approved standards
and methodologies Trend toward conservativeness:
Standardized baselines Conservative estimates,
default factors, etc.
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ICAO Symposium on Aviation and Climate Change, "Destination Green", ICAO Headquarters, Montréal, Canada, 14 - 16 May 2013 7
Reliability
Operation is assured until at least 2023 Supply from existing projects:
> 1.3 billion credits issued to date> 1.3 billion more credits by 2020, by current trends
Additional supply variables: Highly price-elastic, scalable to meet demand UN recently launched four regional offices (Colombia,
Grenada, Togo, Uganda) to spur supply from underrepresented regions
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ICAO Symposium on Aviation and Climate Change, "Destination Green", ICAO Headquarters, Montréal, Canada, 14 - 16 May 2013 8
Accessibility
Offset credits can be accessed by anyone: By countries to meet international commitments By companies/individuals to meet targets (e.g. CSR)
Voluntary cancellation procedure Buyer identifies credits can filter by country of origin,
project type, sustainable development benefits, etc. Buyer and seller negotiate a price UN cancels credits upon request of seller UN provides attestation, naming quantity
and beneficiary of cancelled credits
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ICAO Symposium on Aviation and Climate Change, "Destination Green", ICAO Headquarters, Montréal, Canada, 14 - 16 May 2013 9
New mechanisms (1)
New UN mechanism is under development Projected attributes:
Sectoral/sub-sectoral(not limited to individual facilities)
Net decrease in emissions Pilot activities planned in 2013 Expected to be operational
by 2020 at the latest
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ICAO Symposium on Aviation and Climate Change, "Destination Green", ICAO Headquarters, Montréal, Canada, 14 - 16 May 2013 10
New mechanisms (2)
Negotiations on a “framework” to recognize and support non-UN mechanisms
Recognition that countries and third-party organizations are developing mechanisms
Interest in environmental integrity: Quality control all credits are real,
verified, permanent, and addititional Quantity control no credits are
double-counted
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ICAO Symposium on Aviation and Climate Change, "Destination Green", ICAO Headquarters, Montréal, Canada, 14 - 16 May 2013 11
Closing remarks
Offset credits under the CDM are:■ High-quality ■ Secure to at least 2023 ■ Easily accessed ■ Easily filtered ■ Scalable to meet demand
New mechanisms are under development:■ Scaled-up mitigation ■ Operation expected by 2020
UN offset mechanisms are a cost-effective and internationally recognized means to neutralize emissions
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ICAO Symposium on Aviation and Climate Change, "Destination Green", ICAO Headquarters, Montréal, Canada, 14 - 16 May 2013 12
Thank you!
Robin RixLead, Strategy Development (Markets)United Nations Climate Change Secretariat
[email protected] www.unfccc.int / cdm.unfccc.int
@UN_CarbonMechs /UNCarbonMechs