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CBD DIALOGUE SEMINAR ON SCALING UP FINANCE FOR BIODIVERSITY QUITO, MARCH 8 2012

The Yasuni ITT Initiative and Net Avoided Emissions . CBD DIALOGUE SEMINAR ON SCALING UP FINANCE FOR BIODIVERSITY QUITO, MARCH 8 2012. Lessons Learned: Environmental Policy and Mechanisms . Ecuador ’ s Constitution (2008): Rights of nature. (Art. 71)

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CBD DIALOGUE SEMINAR ON SCALING UP FINANCE FOR BIODIVERSITY QUITO, MARCH 8 2012

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  1. The Yasuni ITT Initiative and Net Avoided Emissions CBD DIALOGUE SEMINAR ON SCALING UP FINANCE FOR BIODIVERSITY QUITO, MARCH 8 2012

  2. Lessons Learned: Environmental Policy and Mechanisms • Ecuador’s Constitution (2008): • Rights of nature. (Art. 71) • Environmental services will not be subject to appropriation. (Art. 74) • National Plan for “Good Living”(Buen Vivir) (2009-2013): • Sustainable management of natural heritage. (Policy 4.1. ) • Diversification of the national energy matrix. (Policy 4.3.)

  3. Yasuni National Park

  4. The Yasuni – ITT Initiative • Biodiversity protection • Respect of the Rights of Indigenous Peoples • Transition to «good-living» (buen vivir) and Rights of Nature • Support Yasuni (UNDP Fund): mdtf.undp.org/yasuni

  5. What is Net Avoided Emissions (NAE)?

  6. Net Avoided Emissions (NAE) Objectives: Establishment of Synergies

  7. Net Avoided Emissions (NAE) Design: Governance «NAE» Hybrid Mechanism Decision-making: 1. NAE ExecutiveBoard: -Underorientation and authority of theConference of theParties. -Methodologies, accreditation, registry. 2. NAE SteeringCommittee: -A1 and non-A1 country representatives, private sector, local communities. -Transparency, representativity, local communitiesinterests and funds use supervision.

  8. Net Avoided Emissions (NAE) Design: Cost-effectiveness (opportunity cost) MULTICRITERIA EVALUATION OF THE YASUNI ITT INITIATIVE Ranking of Alternatives: Opportunity Cost: A= Yasuni ITT BTT= Exploitation Scenario 1 BITT= Exploitation Scenario 2 Análisis Multicriterio de la Iniciativa Yasuní ITT. María Cristina Vallejo et Al. (Programa Yasuní) http://www.ambiente.gob.ec/sites/default/files/users/dvelalcazar/ANALISIS_MULTICRITERIO_YITT.pdf

  9. Net Avoided Emissions (NAE) Design: Cost-effectiveness 1,4% cost/CDM ton CO2eq The Yasuni-ITT Initiative: enhancing cost-effectiveness of, and promoting, mitigation actions, Document for UNFCCC: -Views on the evaluation of various approaches in enhancing the cost-effectiveness of, and promoting, mitigation actions Submissions from Parties (7 April 2011) - Submission from Ecuador

  10. Net Avoided Emissions (NAE) Design: Safeguards

  11. Net Avoided Emissions (NAE) Design: Advantages with regards to existing mechanisms

  12. Net Avoided Emissions (NAE) Design: Equity and Benefit Distribution

  13. Net Avoided Emissions (NAE) Design: Environmental Integrity (efficacy) -Climate Change -Biodiversity -Indigenous Peoples -Desertification -Heritage

  14. Next Steps

  15. THANK YOU Daniel V. Ortega Director of Environment and Climate Change Ministry of Foreign Affairs, Trade and Integration Quito, Ecuador dortega@mmrree.gob.ec medioambiente@mmrree.gob.ec

  16. Annex 1: The Yasuni ITT Initiative - Deforestation Component The Yasuni-ITT Initiative: enhancing cost-effectiveness of, and promoting, mitigation actions, Document for UNFCCC: -Views on the evaluation of various approaches in enhancing the cost-effectiveness of, and promoting, mitigation actions Submissions from Parties (7 April 2011) - Submission from Ecuador

  17. Annex 2: Cost-effectiveness of mitigation actions in Ecuador (Land-use sector) The Yasuni-ITT Initiative: enhancing cost-effectiveness of, and promoting, mitigation actions, Document for UNFCCC: -Views on the evaluation of various approaches in enhancing the cost-effectiveness of, and promoting, mitigation actions Submissions from Parties (7 April 2011) - Submission from Ecuador

  18. Annex 3: Net Avoided Emissions (NAE)at the United Nations Framework Convention on Climate Change (UNFCCC)

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