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Voluntary Cancellation of CERs: a private sector perspective
LACCF Bogotá 2014Isabela Aroeira | Offset Manager
CDM Board
Possibility to create new demand for CDM offset credits
Brazil
Possibility to compensate big international events through public calls:
Rio +20FIFA World Cup
DIFFERENT PERSPECTIVES ON CER’s VOLUNTARY CANCELLATION
Private Sector
The action is aligned to the company values and beliefs:
Brand name figuring among the “official CER’s Donors to offset GHG during the 2014 Soccer World Cup”
Usage of the “Selo Sustentabilidade Baixo Carbono”
COMPLIANCE X VOLUNTARY CANCELLATION
• Higher volumes of transacted credits;
• Prices determined according to credits supply and demand.
• Smaller quantities of credits are transacted; (Less than 0,5% of total CDM issuance)
• Prices determined according to “co-benefits” delivered by project activities;
• Process have to be fast, transparent and less bureaucratic.
VOLUNTARY CANCELLATION BY HOST PARTY (CERs/tCERs/lCERs)
2nd BRAZIL (17%)
1st
CHINA (36%) 3rd
ARGENTINA (12%)
2nd FUGITIVE EMISSIONS
(10%)
1st
AFFORESTATION AND
REFORESTATION(59%) 3rd HYDRO
(10%)
VOLUNTARY CANCELLATION BY PROJECT TYPE
(CERs/tCERs/lCERs)
CER’s VOLUNTARY CANCELLATION – NUMBERS2nd Q / 2014
HOW TO CANCEL CER’s?
PARTNERSHIP AGREEMENT(MMA AND COMPANY)
SEARCH FOR BRAZILIAN
CER’s
PRICE NEGOTIATIONSMALLER DEMAND,
HIGHER PRICES
CANCELLATION BY PROJECT
OWNERTEXT:
PURPOSE/BENEFICIARY OF CANCELATION…
AMIGO DO CLIMA - PROGRAM AND PREMISSES
• Selected high quality carbon credits;– Industrial gas offset projects and large hydro – questionable environmental
integrity– tCERs – how can a temporary offset deliver permanent benefits?
• Possibility to combine carbon projects (different standards, project activities…) to compensate one action;
• Traceable, transparent, auditable system.
www.amigodoclima.com
• Private sector demand faster and transparent operations;
• The co-benefits of the project add value for voluntary compensation (SD Tool);
• Voluntary cancellation initiatives are growing and have an important role on todays scenario, enhancing carbon transactions.
LESSONS
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