1 / 9

Third Meeting of the Carbon Fund (CF3) Asuncion, Paraguay March 24 and 26, 2012

Third Meeting of the Carbon Fund (CF3) Asuncion, Paraguay March 24 and 26, 2012. Forest Carbon Partnership Facility. From ER-PIN to ERPA Sequencing and Linkages to R-Package . From ER-PIN to ERPA (Scenario 1: One-step ER-PIN Review).

liza
Download Presentation

Third Meeting of the Carbon Fund (CF3) Asuncion, Paraguay March 24 and 26, 2012

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. Third Meeting of the Carbon Fund (CF3) Asuncion, Paraguay March 24 and 26, 2012 Forest Carbon Partnership Facility From ER-PIN to ERPA Sequencing and Linkages to R-Package

  2. From ER-PIN to ERPA (Scenario 1: One-step ER-PIN Review) R-Package components & assessment criteria adopted (PC12) R-Package assessed 1 10 CF3 $200k (bus dev) $650k ? CFP ACTION 5 13 Inclusion Decision to negotiate 7 LEGAL DOCUMENTATION Letter of Intent 14 ERPA • Criteria for Inclusion • FMT check • TAP review • CFP review • TAP review • CFP review

  3. From ER-PIN to ERPA (Scenario 2: Two-step ER-PIN Review) R-Package components & assessment criteria adopted (PC12) R-Package assessed 10 1 new CF3 $200k (bus dev) $200k $450k CFP ACTION 2 5 13 Initial review Inclusion Decision to negotiate 7 Letter of Intent 14 ERPA LEGAL DOCUMENTATION • Criteria for Inclusion • FMT check • TAP review • CFP review • TAP review • CFP review

  4. Possible Modalities for ER-PIN Review & Inclusion (1) Possible criteria for inclusion

  5. Possible Modalities for ER-PIN Review & Inclusion (2) • $200k allocated to FMT for ‘business development’ • Assist countries in developing their ER-PINs (‘help desk’ • Similar to assistance provided to Costa Rica so far • Based on country interest • WB-executed funds • One-off allocation • 3 ‘windows’ of ER-PIN presentation per year • Prior to each CF meeting • Timing TBD

  6. Possible Modalities for ER-PIN Review & Inclusion (3) • ER-PIN batch review • CF Participants review the batch of ER-PINs collected by deadline • Select up to 2 (0, 1 or 2) ER-PINs at each CF meeting • Scenario 1 or 2 for inclusion adopted on a case-by-case basis, depending on ER-PIN quality • Further processing • Scenario 1: ER-PINs of superior quality are allocated full $650k to prepare ERPA • Scenario 2: ER-PINs selected are allocated $200k for ER-PIN enhancement • ER-PINs not selected: Can be improved and resubmitted in a future window

  7. Possible Modalities for ER-PIN Review & Inclusion (4) • Inclusion in pipeline • Scenario 1: After initial ER-PIN review (1 step) • Scenario 2: After reviewing enhanced ER-PIN (2 steps) • Decision to negotiate • After ER Program Document has been reviewed • Inclusion in portfolio • Once ERPA is signed

  8. Possible Modalities for ER-PIN Review & Inclusion (5) • Letter of Intent • Provides exclusivity to CF (on specific volume?) • LoI per se does not trigger allocation of funding (allocation is triggered by initial review and/or inclusion) • Question: Does scenario 1 (and to a lesser extent 2) put too much money at risk ($650k or $450k)? • Possible solution: Split the $650k (or $450k) into 2 installments • Between inclusion and decision to negotiate? • Between decision to negotiate and ERPA signature? • Respective amounts TBD

  9. Resolutions / Decisions Today • Allocation of $200k for business development • Criteria for inclusion: • Adoption today based on mix of Issues Note + Methodological Framework + R-Package? • Or, more realistically, Request to the FMT to draft criteria for adoption by the CF Participants on a no-objection basis? • Task FMT with designing solution(s) to the ‘money-at-risk’ question • Invite ER-PIN presentations in pre-defined windows after PC12 (June 2012)? • First window: Before CF5 (October 2012), TBD

More Related