Transcript Investor Presentation

14 November 2006
UNFCCC Side Event, COP/MOP, Nairobi
Development and
Implementation of
a JI Track 2 project
Manfred Stockmayer
Director Camco International Ltd
Camco International
Leading developer of carbon assets in JI and CDM projects
Camco works with industrial companies and utilities
Camco helps to maximise the volume
and to facilitate placement
Main markets:
• China
• Russia
• Africa
• Central and Eastern Europe (CEE)
Listed on the London Stock Exchange
Current portfolio of more than 100 million tons of CO2
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JI in CEE: Lots of questions…..
…. Which impacts does the EU Emissions Trading Scheme
have?
…. How will the issue of double counting be interpreted and be
dealt with?
…. What is the JI project potential in various sectors?
…. How easy is it to develop the project documents and get them
approved?
…. How much time is left to develop JI projects?
…. What is the view of buyers on ERUs?
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The Linking Directive – a bit of background
Links the project-based mechanisms (JI and CDM) to the EU
Emissions Trading Scheme
National Allocation Plans shall determine the maximum
percentage of CERs and ERUs to be used by installations
Application of criteria and guidelines from World Commission on
Dams for hydro power projects
No CERs and ERUs from nuclear facilities and LULUCF
activities
Avoidance of double counting (direct and indirect)
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The Linking Directive – basis for headache
Direct double counting
No (serious) problems as emission reductions lead to financial
benefits => projects will be implemented
Indirect double counting
Potential for projects in the following categories is reduced:
Renewables (wind, small hydro, biomass CHP)
CHP
Energy efficiency (electricity, district heating)
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Challenges in developing baselines and
monitoring plans
Based on CDM methodologies
Flexibility – take the best and leave the rest
Develop own approaches if no methodology existing
Need for well-experienced project developer/consultant
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… and even more questions…
…. How will countries react on potential limitations?
…. Are Green Investment Schemes (GIS) the solution?
…. How will the JISC further define the framework for JI?
Limited timeline for many project categories
Focus on project categories with no (minor) impact on EU ETS
Energy projects up to 20 MW
Methane
Biofuels
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Thank You
Manfred Stockmayer
Director
Camco International
www.camco-international.com
[email protected]
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