1 / 12

State and Trends of CDM Markets in Central America

State and Trends of CDM Markets in Central America. David Rusnok KfW Carbon Fund Tel: 0049 – 69/7431-1730 or - 4775 david.rusnok@kfw.de or carbonfund@kfw.de www.kfw.de/carbonfund. Contents. KfW in brief. Status quo CDM in Central America. Trends. KfW Bankengruppe in brief.

urvi
Download Presentation

State and Trends of CDM Markets in Central America

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. State and Trends of CDM Markets in Central America David Rusnok KfW Carbon Fund Tel: 0049 – 69/7431-1730 or - 4775 david.rusnok@kfw.de or carbonfund@kfw.de www.kfw.de/carbonfund

  2. Contents KfW in brief Status quo CDM in Central America Trends

  3. KfW Bankengruppe in brief • Promotional bank of the Federal Republic of Germany. • Founded in 1948. • Shareholders: Federal Republic of Germany (80%), German federal states (20%). • Headquarters: Frankfurt am Main. • Representative offices: more than 50 offices and representations worldwide. • Balance sheet total at year-end 2007: EUR 354 billion. • Average number of employees in 2007: 3,700. • Rating: AAA/Aaa/AAA.

  4. KfW Carbon Fund in brief • Launched in 2004. • 24 employees, representatives in Costa Rica and Brazil • Funds managed by KfW: (1) KfW Carbon Fund: closed (EUR 84 million). (2) EIB/KfW Carbon Programme: EUR 100 million. (3) Belgian Government: EUR 25 million. (4) EIB Post-2012 Carbon Fund: EUR 100 million. • 30 contracts signed: in South America: 4 (landfill, biomass). in Central America: 1 (Costa Rica, INOLASA).

  5. Contents KfW in brief Status quo CDM in Central America Trends

  6. Status quo CDM in Central AmericaNumber and type of registered CDM projects Registered CDM projects in Central America: 41 • Honduras: 14. • Guatemala: 6. • Costa Rica: 5 (+ 1 under review). • El Salvador: 5. • Panama: 5. • Nicaragua: 3. • Cuba: 1. • Dominican Republic: 1. • Jamaica: 1. • Belize: none. • Haiti: none. Source: UNFCCC

  7. Cuba: 0.91 tCO2/MWh Guatemala: 0.71 tCO2/MWh Honduras: 0.67 tCO2/MWh Dominican Republic: 0.71 tCO2/MWh Nicaragua: 0.71 tCO2/MWh El Salvador: 0.69 tCO2/MWh Panama: 0.63 tCO2/MWh Costa Rica: 0.15 tCO2/MWh Status quo CDM in Central AmericaSelection of emission factors in the region Source: UNFCCC. Note: Emission factors vary according to baseline year and data.

  8. Insufficient Poor Fair Satisfactory Good Status quo CDM in Central America • Qualitative rating of CDM investment climate in Central American countries (by DEG*) * DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH

  9. KfW project INOLASA, Costa Rica • Project description: • Installation of a new biomass boiler to replacea coal-fired system. • Coal will be replaced by palm kernel shells, empty fruit bunches and other renewable biomass. • The project is estimated to reduce a total of 270,000 tCO2 during the crediting period. • Project participants: Costa Rica, Industrial de Oleaginosas Americanas S.A. (private entity). • ERPA signed 2007. KfW purchases CERs 2008-2012. Picture: OneCarbon

  10. Contents KfW in brief Status quo CDM in Central America Trends

  11. Trends • Professional Designated National Authorities and project developers. • Sellers with high price expectations. • Many good ideas….but no equity. • Big potential for renewable energy CDM projects, such as biomass, hydro and wind, but: • Post-Kyoto regime unclear; • Low emission factors; • Challenges for private sector to build and operate RE projects. • Conclusion: Small but good projects!

  12. Thank you - muchas gracias - obrigado For more information: www.kfw.de/carbonfund David Rusnok KfW Carbon Fund Tel: 0049 – 69 /7431-1730 or - 4775 david.rusnok@kfw.de or carbonfund@kfw.de www.kfw.de/carbonfund

More Related