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Po5 - From CDM to NAMAs: Opportunities to Accelerate Sustainable Development and Contribute Towards Global Mitigation Efforts Perspectives Climate Change Alberto Galante Bogota, 05.09.2014 www.perspectives.cc · [email protected] © 2014 Perspectives GmbH Scaling up mitigation and incentives for financing From single measures (CDM) to sectorwide efforts (NAMAs) Single CDM projects CDM Programme of Activites Nationally Appropriate Mitigation Actions (NAMAs) Mitigation action in SubSector A Voluntary programme Capacity building Source of Funds: 2012 2012 Carbon market (CERs) Carbon market (CERs) Potential mix of funds (domestic, donor and carbon financing) Scale of mitigation financing www.perspectives.cc · [email protected] 2 Experience from the CDM in LAC region Key sectors under the CDM in LAC region - Renewables (70.5%); Waste (≈ 20%) Source: UNEP DTU CDM/JI Pipeline Analysis and Database, August 1st 2014 CDM has worked well in LAC region due to clear incentives and limited government interference Building on the governance structure of the CDM, NAMAs should go further in standardising baseline and MRV methodologies Moreover, possibility to integrate CDM activities as instruments under a supported / credited NAMA www.perspectives.cc · [email protected] Transformation of CDM activities into instruments under a NAMA Support Pre-2015 Phase Support Phase Independence Phase NAMA Support Facilities (e.g. NAMA Facility, GEF, EU NAMA Funds, bilateral) NAMA crediting Total sector emissions Domestic instruments (Supported/credited NAMAs) Domestic instruments (Unilateral NAMAs) CDM portfolio 2014 www.perspectives.cc · [email protected] ~ 2015 – 2024 ~ 2025 - 2030 Example: Step-wise NAMA MRV approach – Chilean Solid Waste NAMA case (UNDP LECB Lot7) STEP 1: Analysis of CDM methodologies and of existing MRV systems relevant to the project Applicable CDM meths: ACM0022 “Alternative waste treatment processes” AMS-III.R. “Methane recovery in agricultural activities at household/small farm level” AMS-III.AO. “Methane recovery through controlled anaerobic digestion” Other applicable MRV meths: Climate Action Reserve (CAR) “Organic Waste Digestion Project Protocol V2.1” The Gold Standard (GS) “Revised Consolidated Baseline Methodology for GHG ER from Manure Management Systems and Municipal Solid Waste” Entreprises pour l’Environnement (Built on GHG Protocol) “Protocol for the quantification of GHG from waste management activities: Biological treatment (composting, anaerobic digestion” STEP 2: Establishment of data and parameters not to be monitored STEP 3: Establishment of data and parameters to be monitored STEP 3A: Parameters ex-ante STEP 3B: Parameters ex-post STEP 4: Establishment of monitoring processes and monitoring frequency STEP 5: Establishment of QA/QC procedures www.perspectives.cc · [email protected] 5 Po5 - From CDM to NAMAs: Opportunities to Accelerate Sustainable Development and Contribute Towards Global Mitigation Efforts ¡MUCHAS GRACIAS POR SU ATENCIÓN! Perspectives Climate Change Alberto Galante Head Spain Office / Director Latin America Business [email protected] www.perspectives.cc · [email protected] © 2014 Perspectives GmbH