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The EIB Approach to Assess its Induced Carbon Footprint Matthias Zoellner Paris, 4 March 2009

The EIB Approach to Assess its Induced Carbon Footprint Matthias Zoellner Paris, 4 March 2009. Background. EIB Board of Directors approved a pilot phase starting 1st January 2009 for one year Approach builds on existing EIB appraisal methodology for thermal and RE power plants

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The EIB Approach to Assess its Induced Carbon Footprint Matthias Zoellner Paris, 4 March 2009

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  1. The EIB Approach to Assess its Induced Carbon FootprintMatthias Zoellner Paris, 4 March 2009 European Investment Bank

  2. Background • EIB Board of Directors approved a pilot phase starting 1st January 2009 for one year • Approach builds on existing EIB appraisal methodology for thermal and RE power plants • Work in Progress, full scale implementation as from 2010 European Investment Bank

  3. Scope • Threshold 100kt CO2 equivalent per year (~40-50 projects/year). • All sectors, but likely concentration in energy, glass manufacturing, iron, steel and aluminium production, cement, pulp + paper • All six greenhouse gases (Kyoto) • Within project boundary according to EIB’s project definition (Scope 1 according to GHG Protocol) • Scope 2 and Scope 3 will be further explored during the pilot European Investment Bank

  4. Which projects will be most likely need GHG footprint calculation? European Investment Bank

  5. Which emissions? • Direct emissions (all GHG in terms of CO2e): • Generation of electricity, heat, or steam. These emissions result from combustion of fuels in stationary sources, e.g., boilers, furnaces, turbines. • Physical or chemical processing. Most of these emissions result from manufacture or processing of chemicals and materials, e.g., cement, aluminum, adipic acid, ammonia manufacture and waste processing. • Transportation of materials, products, waste, and employees. These emissions result from the combustion of fuels in company owned/controlled mobile combustion sources (e.g., trucks, trains, ships, airplanes, buses, and cars) • Fugitive emissions. These emissions result from intentional or unintentional releases, e.g., equipment leaks from joints, seals, packing, and gaskets; methane emissions from coal mines and venting; hydrofluorocarbon (HFC) emissions during the use of refrigeration and air conditioning equipment; and methane leakages from gas transport. European Investment Bank

  6. General Methodology GREENHOUSE GAS EMISSIONS FROM STATIONARY COMBUSTION Emissions GHG, fuel= Fuel Consumption fuel• Emission Factor GHG, fuel • Where: • Emissions GHG, fuel = emissions of a given GHG by type of fuel (kg GHG) • Fuel Consumption fuel = amount of fuel combusted (TJ) • Emission Factor GHG, fuel = default emission factor of a given GHG by type of fuel (kg gas/TJ) European Investment Bank

  7. Absolute vs. Baseline • Both absolute and baseline emissions will be assessed • Alternatives for baseline cases • The emissions from a hypothetical project using the next best alternative technology • The emissions existing before the project (normally zero) • The emissions from a hypothetical project using the least-cost alternative technology • The emissions from the grid • Others European Investment Bank

  8. Example - Direct vs Relative CO2 emissions European Investment Bank

  9. Case Study: Hard Coal-fired Steam Cycle Power Plant in Germany European Investment Bank

  10. Case study: Solar Thermal Power Spain European Investment Bank

  11. Arithmetics • The assessment of the induced footprint of any single project will be based on estimates for an average year of that project when operating at full capacity. It will be reported as contributing to the Bank’s induced footprint during the year of signature of the relevant Finance Contract. • Total volume of emissions, even of project only partially financed European Investment Bank

  12. Further steps • explore the feasibility of developing a methodology to measure the emissions from projects financed through intermediaries • assess the relevant importance of projects in the 20-100kt range with a view to determine whether and - if yes, how - such projects could be included at a later stage • Refine methodologies to measure relative emissions (e.g. relative to “do nothing”, compared with a technical “benchmark”, etc.), in particular the way to explore the positive impact of renewable energy projects on CO2 emissions and their off-setting impact • Widening of project boundary. For transport infrastructure projects, for example, the Bank will review the feasibility of measuring downstream emissions associated with the project’s use (e.g. vehicle emissions from cars that use roads financed by the EIB). European Investment Bank

  13. For more information…http://www.eib.org/ zoellner@eib.org Tel: +352 43 79 8 65 79 Thank you! European Investment Bank

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