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Canada’s CDM & JI Office
Project Facilitation Support Through Canada’s CDM and JI Office
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Canada’s CDM & JI Office
Canadian Context
• Canada ratified the Kyoto Protocol in December 2002
• Accounts for 2% of global emissions
• Canada’s target under Kyoto:– 6% below its 1990 level– Equal to 240 Mt/year during the first commitment period
(2008-2012)
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Canada’s CDM & JI Office
Canadian Context
• Canada is in a unique situation:
– Kyoto Protocol’s target a challenge– Alone in the Americas with a Kyoto
commitment – International competitiveness
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Canada’s CDM & JI Office
Guiding Principles – Kyoto Protocol Implementation
• Majority of activities at home
• All sectors should share the burden
• No undue burden on any Canadian region
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Canada’s CDM & JI Office
Overview
• Mandate of Canada’s CDM and JI office
• Project facilitation support
• Projects supported to-date
• Upcoming events
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Canada’s CDM & JI Office
Office Mandate and Strategy • National focal point for CDM and JI
– Develops and disseminates information– Links with other Canadian and international programs
• Facilitates Canadian participation in the CDM & JI– Facilitates project development– Supplies technical guidance to companies– Provides financial support to offset transaction costs– Concludes bilateral agreements
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Canada’s CDM & JI Office
Office Mandate and Strategy (cont`d)
• Provides approvals
• Provides analytical and policy support to negotiations
• Current focus - Project-specific activities to reduce transactions costs- Enhanced domestic outreach - Capacity-building support to key markets - Ensuring Kyoto linkages to domestic systems which
are under development- Enhancement of password-protected website - Conclusion of MOUs
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Canada’s CDM & JI Office
Password Protected Website
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Canada’s CDM & JI Office
Status of MOUs
CONCLUDED
Cuba China-Canada Joint Statement–GOC Colombia, Uganda (project-specific) Tunisia Ecuador Nicaragua Costa Rica Chile Korea Poland Ukraine Latvia
UNDER DISCUSSION
• Argentina, Bolivia
• Uruguay
• Dominican Republic
• Egypt
• El Salvador
• Peru
• Poland, Romania
• Sri Lanka
• Brazil, Guatemala, Panama
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Canada’s CDM & JI Office
Project Facilitation Support
Project Transaction Costs
• Development of new methodologies
• Baseline studies, monitoring plans, PDDs
• Verification & certification
• Project registration with CDM EB
• Monitoring & Verification
Project Development Costs
• Market identification
• Technical guidance
• Feasibility studies– carbon asset assessment only
• Environmental assessments
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Canada’s CDM & JI Office
Funding Criteria for Proposals
A Project Must:• Result in CDM or JI credits for Canada• Be commercially viable• Clearly depict the ownership rights to carbon credits• Leverage resources – cost-sharing
New 2-Step Process: • Proposal Summary Template• Detailed Proposal
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Canada’s CDM & JI Office
Projects Supported by CDM &JI Office
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1417
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*Africa & Middle East
- Egypt
- Ivory Coast
- Jordan
- Morocco
- Mauritania
- Senegal
- Tunisia
Asia
- Bangladesh
- China
- India
- Pakistan
- Sri Lanka
Latin/South America
- Argentina - Costa Rica
- Brazil - Cuba
- Barbados - Honduras
- Chile
Central Eastern Europe
- Poland
- Romania
- Russia
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Canada’s CDM & JI Office
Some Observations
• Sectoral focus: methane recovery, renewables, energy efficiency • Growing interest in sequestration• Progress: 2 Canadian projects advanced to EB • Type of Support: Feasibility studies, baselines, and PDDs
• Increasing interest in project facility approach to project development – Small-scale projects – Pembina Institute – India–GSCI-Natsource
• Absence of upfront project investment impeding project development
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Canada’s CDM & JI Office
Summary • Technical advisory role of office enhanced
• Financial support available for targeted activities
• Seeking opportunities to collaborate with CDM & JI stakeholders domestically and internationally
• Interested in obtaining updates on your firm’s international operations
Thank you !
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Canada’s CDM & JI Office
For more information ...
Canada’s CDM & JI OfficeClimate Change and Energy Division (ESCC)Foreign Affairs Canada125 Sussex DriveOttawa, ON K1A 0G2
Tel: (613) 944-3039Fax: (613) 944-0064E-mail: [email protected]: www.international.gc.ca/cdm-ji/