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MRI ’ s climate activities

MRI ’ s climate activities. Kenichiro Yamaguchi Senior Staff Researcher, MRI New Delhi, October, 2002. What is MRI?. A Japanese private think tank established in 1970, with a wide variety of activities Has 14 years ’ experience on climate-related research, since 1988 Toronto conference

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MRI ’ s climate activities

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  1. MRI’s climate activities Kenichiro Yamaguchi Senior Staff Researcher, MRI New Delhi, October, 2002 Mitsubishi Research Institute Inc.

  2. What is MRI? • A Japanese private think tank established in 1970, with a wide variety of activities • Has 14 years’ experience on climate-related research, since 1988 Toronto conference • Has the largest research staff among the Japanese think tanks • Has worked closely with both the Japanese government and industry on this issue • Is involved in the internal discussions within Keidanren, and has wide network in Japanese business • Able to introduce suitable contacts to foreign counterparts Mitsubishi Research Institute Inc.

  3. MRI’s recent climate-related activities • Activities to explore and forecast the “carbon-constrained world” • Carbon Offset Initiative • JEMS (Japan Emissions Management Simulation) • Cooperation with UNIDO • Strategic consulting on corporate climate policy Mitsubishi Research Institute Inc.

  4. MRI Carbon Offset Initiative • Find and evaluate commercially viable projects that result in emission reduction • Explore opportunities to expand businesses related to credit trading • Eventually set up a pilot system to assess, trade and verify credits from such projects through “learning-by-doing”process Mitsubishi Research Institute Inc.

  5. Outline of COI Project identification Information / analysis Analysis of business opportunities • Decision making support • In-depth feasibility study • Implementation support • Business development consulting Mitsubishi Research Institute Inc.

  6. Project Identification Credit Transfer Clients HFC、PFC、SF6 N2O • ＭＲＩ • Expertise in climate issues • Contact • Consulting experience • E • C • C Methane Carbon sinks • Carbon emission reduction • Efficiency improvement • Fuel switching • Renewables host country organizations host country government Mitsubishi Research Institute Inc.

  7. UNIDO-MRI cooperation • New initiative to push the climate agenda forward • Identifying projects in the ASEAN area • Cooperating with the Japanese private sector in implementing the projects • Utilizing international and Japanese funding opportunities • Developing JI/CDM assessment methodologies • Workshop in Tokyo (June, 2002) Mitsubishi Research Institute Inc.

  8. Why reduction in Japan is difficult(Even though every country says the same thing…) Mitsubishi Research Institute Inc.

  9. Japan’s emission profile • Has to decrease emissions by 6% • So far it has increased by about 7% • Without measures, it will increase by another 10% • Decrease in 1997-98 mainly due to recession Data from the government of Japan Mitsubishi Research Institute Inc.

  10. Japan’s unique situation(Even though every country is unique…) GHG Emissions 1999 • Already energy-efficient • Already afforested (>60%) • Few non-CO2 measures (waste, pasture, aluminum) • EU’s closer links with Eastern Europe • Australia…a great deal under Kyoto • Canada…very tough, but will it ratify? Data from the governments Mitsubishi Research Institute Inc.

  11. Reason 1: Kyoto looks easy on paper Data from International Energy Outlook 2001 Mitsubishi Research Institute Inc.

  12. …but would it really be easy? • Implication of Marrakech • Eligibility to participate in Kyoto Mechanisms will be scrutinized… • Scrutiny on source inventory • Submission on sinks inventory • National systems • Assigned amount • Casts doubt on the availability of AAU/ERUs from FSU Mitsubishi Research Institute Inc.

  13. Scheme of projects ERU Japanese government Host government (MOU) SPC register account Equity approval equity document data Investor finance return Project company DOE (CDM) Equity (CF) export credit verification validation Debt return loan request for CER issuance Bank return Debt (CF) EB Registry CDM CER Exim Mitsubishi Research Institute Inc.

  14. Current activities • Identification of projects • Eastern Europe, Asia, Latin America • Formulation of scheme • Pre-payment of CER/ERU finance and risk coverage • Organizing a financing scheme • Expressing the needs of private sector Mitsubishi Research Institute Inc.

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