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Carbon market and MDG Carbon Facility recent developments

Carbon market and MDG Carbon Facility recent developments. Matt Spannagle Carbon Technical Adviser Millennium Development Goals Carbon Facility Bureau for Development Policy United Nations Development Programme. Recall:. 15 million credits 28 to 44 projects (mid-point 36)

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Carbon market and MDG Carbon Facility recent developments

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  1. Carbon market andMDG Carbon Facility recent developments Matt Spannagle Carbon Technical AdviserMillennium Development Goals Carbon Facility Bureau for Development Policy United Nations Development Programme

  2. Recall: • 15 million credits • 28 to 44 projects (mid-point 36) • To be sourced and reach ERPA in 07-08 • Projects vary by: • Size • Technology • Geography • MDG attributes • Pipeline on-going development (not stop at end of 2009)

  3. Recall: High Objective for UNDP’s Carbon Strategy MDG Impact CurrentCDM Market* Low Low Number of Countries High

  4. What is in global pipeline? Region 2012 kt CO2 Number of projects Asia-Pacific 2,017,422 (78%) 2,419 (73%) LAC 400,939 (16%) 738 (22%) Africa 88,467 (3%) 47 (1%) Arab States 51,827 (2%) 56 (2%) Europe/CIS 18,027 (1%) 36 (1%) TOTAL 2,576,682 (100%) 3,296 (100%)

  5. What is in MDGCF ‘hard’ pipeline? Macedonia – animal & agricultural waste management and energy generation Yemen – landfill gas capture and destruction/use Rwanda – renewable energy Uzbekistan - reduction of natural gas leakage from compressor stations Ukraine – landfill gas Lugansk Albania – small hydro

  6. What is in the ‘soft’ pipeline? • dynamic, based on ideas coming up • Driven by CO/RTA updates • - See Q3 report • Many in soft pipeline will be discontinued/rejected (16:1) • good regional spread – but getting to hard pipeline is the challenge!

  7. Pipeline development issues • Areas of development • Leads from capacity development projects in Africa, LAC & central asia • partnerships/collaboration with other organisations • Where UNDP looks good • in more difficult countries (LDCs) • in conjunction with national strategic policy priorities • leveraging other UNDP work

  8. Pipeline development issues • Opportunities coming up • programmatic approach to reach community-level, smaller sites • suppressed demand • What are opportunities in YOUR country?

  9. Broader developments UN engagement & global politics UNDP Carbon market post-2012 CDM market post-2012 CDM EB tightening on additionality, new methodologies Sectoral approaches ‘positive lists’ Deemed approach REDD Voluntary market

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