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Project Facilitation Support Through Canada’s CDM and JI Office

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

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  1. Project Facilitation Support Through Canada’s CDM and JI Office

  2. 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)

  3. Canadian Context • Canada is in a unique situation: • Kyoto Protocol’s target a challenge • Alone in the Americas with a Kyoto commitment • International competitiveness

  4. Guiding Principles – Kyoto Protocol Implementation • Majority of activities at home • All sectors should share the burden • No undue burden on any Canadian region

  5. Overview • Mandate of Canada’s CDM and JI office • Project facilitation support • Projects supported to-date • Upcoming events

  6. 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

  7. 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

  8. Password Protected Website

  9. 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 Status of MOUs

  10. Project Transaction Costs Development of new methodologies Baseline studies, monitoring plans, PDDs Verification & certification Project registration with CDM EB Monitoring & Verification Project Facilitation Support • Project Development Costs • Market identification • Technical guidance • Feasibility studies– carbon asset assessment only • Environmental assessments

  11. 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

  12. Projects Supported by CDM &JI Office • Asia • - Bangladesh • China • India • - Pakistan • - Sri Lanka • Africa & Middle East • Egypt • Ivory Coast • Jordan • Morocco • - Mauritania • Senegal • Tunisia 15 * 17 14 19 • Central Eastern Europe • Poland • Romania • Russia • Latin/South America • Argentina - Costa Rica • Brazil - Cuba • Barbados - Honduras • Chile

  13. 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

  14. 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 !

  15. For more information ... Canada’s CDM & JI Office Climate Change and Energy Division (ESCC) Foreign Affairs Canada 125 Sussex Drive Ottawa, ON K1A 0G2 Tel: (613) 944-3039 Fax: (613) 944-0064 E-mail: cdm-ji@international.gc.ca Web: www.international.gc.ca/cdm-ji/

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