Unfccc recent challenges in implementing poas from a commercial perspective
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UNFCCC Recent Challenges in Implementing PoAs from a Commercial Perspective. 8 th May 2011 Mischa Classen Senior Project Manager Regulatory Affairs and Consulting, First Climate Group. Recent Challenges in Implementing PoA. Promise: PoAs aim at scaling up CDM The Commercial Perspective

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Unfccc recent challenges in implementing poas from a commercial perspective

UNFCCCRecent Challenges in Implementing PoAsfrom a Commercial Perspective

8th May 2011

Mischa Classen

Senior Project Manager

Regulatory Affairs and Consulting, First Climate Group


Recent challenges in implementing poa

Recent Challenges in Implementing PoA

Promise: PoAs aim at scaling up CDM

  • The Commercial Perspective

  • Key Obstacles for Credit Buyer …

  • … become Challenges for Project Developer

  • Building Blocks for a scale up post 2012

Project Developer Forum | UNFCCC PoA Workshop, Bonn


Recent challenges in implementing poa1

Promise: PoAs aim at scaling up CDM

The Commercial Perspective

Key Obstacles for Credit Buyer …

… become Challenges for Project Developer

Building Blocks for a scale up post 2012

Recent Challenges in Implementing PoA

Project Developer Forum | UNFCCC PoA Workshop, Bonn


The commercial perspective

The Commercial Perspective

Key features of private carbon investment

Upfront Investment

Forward Carbon Premium

this one moves ...

... this one does not

Project Developer Forum | UNFCCC PoA Workshop, Bonn


Recent challenges in implementing poa2

Recent Challenges in Implementing PoA

Promise: PoAs aim at scaling up CDM

The Commercial Perspective

Key Obstacles for Credit Buyer …

… become Challenges for Project Developer

Building Blocks for a scale up post 2012

Project Developer Forum | UNFCCC PoA Workshop, Bonn


Key obstacles for credit buyer

Key Obstacles for Credit Buyer

What is the Value of a CPA-CER?

EU Eligibility Criteria

Contractual Issues

Counterparty Risks

Project Developer Forum | UNFCCC PoA Workshop, Bonn


Key obstacles for credit buyer1

?

Key Obstacles for Credit Buyer

EU Eligibility Criteria non LDC

  • CERs from registered pre-2013 eligible in the EU post-2012 ?

    • Serious challenge to lock in buyer for post-2012

PoA #1

registered

2011

CER

used

2011

CER

used

2012

CER

used

2013

CER

used

2014

CER

used

2015

CPA added

CER

used

2013

CER

used

2014

CER

used

2015

CER

used

2016

CER

used

2017

CPA added

PoA #2

registered

2014

EU ETS DirectiveArticle 11.a.3)

CER

used

2019

CER

used

2018

CER

used

2017

CER

used

2016

CPA added

1.1.2013


Key obstacles for credit buyer2

Key Obstacles for Credit Buyer

EU Eligibility Criteria

  • Uncertainty freightens investors

    • Ban on Host Countries?

    • Ban on Scale / Technology?

  • EC considers to release ruling

    • Some restrictions expected to remain


Recent challenges in implementing poa3

Recent Challenges in Implementing PoA

Promise: PoAs aim at scaling up CDM

The Commercial Perspective

Key Obstacles for Credit Buyer …

… become Challenges for Project Developer

Building Blocks for a scale up post 2012

Project Developer Forum | UNFCCC PoA Workshop, Bonn


Challenges for project developer

Challenges for Project Developer

What is the cost of a CPA-CER?

No standard product for DOE

Counterparty Risks

Project Developer Forum | UNFCCC PoA Workshop, Bonn


Challenges for project developer1

Challenges for Project Developer

No standard product for DOE

Quotations for Validation:

“Proposed Activity not possible”

Cost for Verification?

Liability shift to PD?

Project Developer Forum | UNFCCC PoA Workshop, Bonn


Challenges for project developer2

Challenges for Project Developer

Counterparty Risks

Project management costs

Role & Experience of CME

EB 48 Annex 66/67 ?

Traditional CDM

PoA

Project Developer Forum | UNFCCC PoA Workshop, Bonn


Building blocks for a scale up post 2012

Building Blocks for a scale up post 2012

  • Firm status of EU eligibility

  • Scope beyond LDC?

  • Standardised Products from DOEsincl. managing liability

  • First delivered issuance

  • Tested business models

  • Adopted guidelines Validation / Verification procedures


Thank you

Thank you


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