Transcript Kein Folientitel

Sascha Eichberger
Kommunalkredit Public Consulting GmbH
The Austrian JI/CDM Programme
Opportunities of the Carbon Market for Russian Enterprises
Moscow, 26.-27. April 2007
17.07.2015
Austrian JI/CDM Programme
1
Scope of the presentation
• Introduction
• Characteristics of the Austrian JI/CDM
Programme
• Experiences and expectations
17.07.2015
Austrian JI/CDM Programme
2
Kommunalkredit Public Consulting
(KPC)

Management of the Austrian JI/CDM Programme
on behalf of the Austrian Ministry of Agriculture,Forestry,
Environment and Water Management

KPC acts as a partner for public sector clients in Austria and other
countries around the world. Consultancy Services for public
sector clients, international financial institutions, EC, etc. in:

17.07.2015
Projects
Programmes
Support instruments
100% subsidiary of Kommunalkredit Austria AG, an Austrian
special purpose bank for public finance
Austrian JI/CDM Programme
3
Austrian JI/CDM Programme - main aim
and means
Main Aim
Closing the gap between the Austrian Kyoto target
and national emission reduction potential
Means
- Purchase of ERUs/CERs from JI/CDM projects
- Investment in Carbon Funds and Facilities
- Facilitate Project Development by funding projectrelated immaterial costs (PDD, Monitoring etc.)
Purchasing Volume (2008-2012): 45 mill. t CO2e
17.07.2015
Austrian JI/CDM Programme
4
161 Projects in Pipeline
Status 1 Jan. 2007
JI
CDM
Project Pipeline:
- Expression of Interest (PIN):
- Invitation for Negotiation:
ERPA/finalised negotiation:
17.07.2015
161 projects
122 projects
39 projects
31 projects
Austrian JI/CDM Programme
5
JI ERPA VOLUMES as of 1 January 2007
Joint Implementation Mechanism
Emission Reductions
up to 2012*
No.
Technology
Host Country
1
Renewable Energy (agricultural
wastes)
Hungary
163.000 t CO2e
2
Renewable Energy (Hydro)
Bulgaria
1.006.000 t CO2e
3
Estonia
46.000 t CO2e
Bulgaria
777.000 t CO2e
5
Renewable Energy (Hydro)
Renewable Energy (Hydro,
Wind)
Renewable Energy (Wind)
Hungary
358.000 t CO2e
6
Renewable Energy (Wind)
Estonia
266.000 t CO2e
7
Renewable Energy (Wind)
Estonia
88.000 t CO2e
8
Landfill gas
New Zealand
149.000 t CO2e
9
Landfill gas
Czech Republic
150.000 t CO2e
10
Landfill gas
Russia
928.000 t CO2e
11
Landfill gas
Russia
1.067.000 t CO2e
12
N2O Decomposition
Hungary
2.000.000 t CO2e
13
Stripped Casing-head Gas
Ukraine
310.000 t CO2e
4
7.308.000 t CO2e
17.07.2015
Austrian JI/CDM Programme
6
CDM ERPA VOLUMES as of 1 January 2007
Clean Development Mechanism
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
17.07.2015
Technology
Renewable Energy (Hydro)
Renewable Energy (Hydro)
Renewable Energy (Wind)
Renewable Energy (Wind)
Renewable Energy (Wind)
Renewable Energy (Wind)
Renewable Energy (Wind)
Renewable Energy (Biomass)
Renewable Energy (Biomass)
Renewable Energy (Biomass)
Renewable Energy (Biomass)
Renewable Energy (Biomass)
Renewable Energy (Biomass)
Landfill Gas
Landfill Gas
Landfill Gas
N20 Decomposition
Coal Mine Methane
Host Country
Colombia
China
China
China
China
China
China
India
India
India
India
India
Malaysia
Brazil
China
Israel
Egypt
China
Emission
Reductions
up to 2012
121.000 t CO2e
511.000 t CO2e
612.000 t CO2e
341.000 t CO2e
1.180.000 t CO2e
1.015.000 t CO2e
1.162.000 t CO2e
147.000 t CO2e
120.000 t CO2e
455.000 t CO2e
244.000 t CO2e
252.000 t CO2e
285.000 t CO2e
1.500.000 t CO2e
1.125.000 t CO2e
240.000 t CO2e
3.900.000 t CO2e
2.000.000 t CO2e
15.210.000 t CO2e
Austrian JI/CDM Programme
7
Regional distribution of Project Pipeline
as of 1 January 2007
Other CDM
2%
Russia
6%
Other JI
2%
Ukraine
11%
Africa
4%
Asia
11%
Central & Eastern
Europe
9%
Latin America
7%
India
17%
17.07.2015
Baltic States
3%
China
28%
Austrian JI/CDM Programme
8
Characteristics of the Austrian JI/CDM Programme
17.07.2015
SR6030-00-01
9
Eligible Project Categories

Energy efficiency projects

Combined heat and power installations

Fuel switch to renewables or less carbon intensive fuels

Renewable energy production plants (hydro, wind, biomass, biogas
etc.)

Avoidance or recovery of landfill gases

Waste management measures

Other industrial gases: N2O, HFC, SF6
17.07.2015
Austrian JI/CDM Programme
10
Call for Projects - Approval Procedure
FIRST STEP:
Project evaluation
- PIN/PDD submission
- Offer ERUs/CERs
- LoNO/LoA
SECOND STEP:
Negotiations
- Negotiations (price, delivery
schedule, risk sharing, etc.)
- Project approval & ERPA
PROJECT IMPLEMENTATION:
- Generation of ERUs/CERs
- Transfer to Austria & payment
Current: 5th Call for JI/CDM Projects
17.07.2015
Austrian JI/CDM Programme
11
ERPA Negotiation
Terms of Negotiations:
-
Term sheet: Initial position of the buyer/seller
-
Approach: Quick, flexible, meeting needs of both parties
-
Communication: Meetings, conference calls, site visits, etc.
Scope of Negotiations:
17.07.2015
-
Delivery of emission reductions (amount, emission reductions
before 2008, additional emission reductions etc.)
-
Delivery default (incl. compensations and penalties)
-
Payment
-
Price
Austrian JI/CDM Programme
12
Price Determining Factors
1. Project Maturity :
- Project-cycle (determination,registration)
- Methodology (approved/new)
- Host country approval (LoA)
2. Project volume:
- Volume generated
- Contract volume
- Early vintages (till 2008), late vintages
3. Project risk & risk sharing:
- Delivery risk
- Country risk (enforceability of claims, political, institutional &
economical framework)
- Project finance
- Technology
17.07.2015
Austrian JI/CDM Programme
13
Price Determining Factors
4. Contract Pricing Structure:
-
Fixed price
-
Flexible price
-
Prepayment: Up to 30% of the total amount
5. Creditworthiness or rating of seller
17.07.2015
Austrian JI/CDM Programme
14
Specific Features & Benefits
 Rating AAA buyer
 Excellent relationships to governments and UNFCCC
 Flexibility within the tendering procedure
 Continuous approval and negotiation procedure
 Prepayment is possible (up to 30% of contract value)
 Possibility of financial support for PDD development, Baseline
Study, Monitoring Plan, Validation, etc.
 No specific country restriction
 Establishment of long term relationships with reliable sellers
17.07.2015
Austrian JI/CDM Programme
15
Support for Immaterial Costs (IC)
Application Stage:
-
After Invitation for PDD - development
-
PDD dev.
-
Baseline Study
-
Monitoring Plan
-
Validation etc.
-
50% of immaterial project costs with a cap on
Scope:
Amount:
EUR 40,000.
17.07.2015
Austrian JI/CDM Programme
16
Experiences and Expectations
17.07.2015
SR6030-00-01
17
Position of JI
Major objective:
To assure the delivery of the ERs
for the Austrian compliance.
Possibilities to purchase the ERs:
1. CDM projects: high potential, well established framework,
lower risk (esp. after registration)
2. JI projects: high potential (RU/UA), slightly higher risk
(conversion AAU-ERU), regulatory framework still not in place
3. GIS: still do not exist, supplement to other two mechanisms
17.07.2015
Austrian JI/CDM Programme
18
JI and CDM
Programme start mainly JI, now more CDM due to:
- well established regulatory framework of CDM
- efforts of Host Countries to enable CDM projects
- restrictions for JI through ETS in EU member states
- development of GIS
17.07.2015
Austrian JI/CDM Programme
19
Strategy of the Austrian JI/CDM
Programme - JI
- Focus on Russia and Ukraine
- Open for both verification procedures, Track 1 and Track 2
- Possibility in ERPA to change from Track 2 to Track 1
- Country specific approach
17.07.2015
Austrian JI/CDM Programme
20
www.ji-cdm-austria.at
Mr. Sascha Eichberger
Tel: +43/(0)1/31 6 31-247
[email protected]
17.07.2015
SR6030-00-01
21