1 / 20

Early mover JI projects

Early mover JI projects. Jorund Buen Partner/Director, Point Carbon UNFCCC Technical Workshop on Joint Implementation 10 March 2006. Outline. Methodological issues Overview of JI activities so far Projects Forward transactions Assessment of impact of EU directives on JI.

ayoka
Download Presentation

Early mover JI projects

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Early mover JI projects Jorund BuenPartner/Director, Point CarbonUNFCCC Technical Workshop on Joint Implementation10 March 2006

  2. Outline • Methodological issues • Overview of JI activities so far • Projects • Forward transactions • Assessment of impact of EU directives on JI

  3. How do we gather & check info? • Web searches: UNFCCC, hosts, investors, project developers, targeted general search • Mailinglists (climate-l etc) • Conference material etc • Regular contact with host & investor country DNAs, key third parties, project developers, exchanges, brokers, service providers • Interaction with high-end clients • Calling project proponents to check status

  4. What is counted as a PDD? • Latest version available physically in Point Carbon’s database, or • A project that has met a set of authoritiative criteria of which a PDD forms part, and • Not cancelled • JI PDDs: Count pre-2008 AAUs

  5. Sources of uncertainty: Examples • In the direction of underestimation: • Some players don’t share info on new projects or transactions • Some early movers might want see JISC rules before submitting • Volumes lacking for some early-stage projects • In the direction of overestimation: • Parties might not share info on cancelled/changed projects/transactions • EU ETS & double counting • Project proponents don’t risk-adjust their projects • Lack of capacity to monitor possible delays and cancellations

  6. Overview of JI activities

  7. Overview: JI pipeline

  8. JI projects - host country (#)

  9. JI projects - host country (MtCO2e) 

  10. JI project types (#)

  11. JI project types (PDDs, ktCO2e)

  12. CDM project types (PDDs, ktCO2e)

  13. JI projects: PDD vs (pre)determination

  14. Forward JI contracts: Host country (MtCO2e)

  15. Forward JI contracts per year

  16. Investor countries: Contracts

  17. JI and EU legislation

  18. Country Landfill, 99/31/EC Combustion plants, IPPC, 94/61/EC 2001/80/EC Cyprus By April 2012 By 2007 By 2007 Czech Republic By April 2012 By 2007 By 2007 By 2014 Estonia By April 2012 By 2007 Hungary By April 2012 By 2007 By 2007 By 2012 By 2010 Latvia By 2007 By 2014 Lithuania By April 2012 By 2007 Malta By April 2012 By 2007 By 2007 Poland By 2020 By 2016 By 2010 By 2011 Slovak Republic By April 2012 By 2007 By 2011 Slovenia By April 2012 By 2007 By 2014 Bulgaria By April 2012 By 2007 Romania NA NA NA EU 15 By 2001/2009 By 2002/2007 By 1999/2007 EU directives & deadlines

  19. Conclusions • Considerable early mover activity • Project development • Forward transactions • Buyers almost exclusively government & multilateral • Host countries: Romania, Bulgaria & EU25 • Russia, Ukraine (and Poland) emerging • Investor countries: Dutch domination, others absent • Large portion of early mover projects have been (pre)determined • Linking directive and other EU directives combined may reduce projected ERU volume considerably

  20. Thank you Email: jb@pointcarbon.com Direct tel.: +47 932 83 350

More Related