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Overview of the United Nations’ offset mechanisms. Robin Rix Lead, Strategy Development, Market-based Mechanisms United Nations Climate Change Secretariat. Key messages.

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Overview of the united nations offset mechanisms

Overview of the United Nations’offset mechanisms

Robin Rix

Lead, Strategy Development, Market-based Mechanisms

United Nations Climate Change Secretariat


Key messages
Key messages

  • Offset mechanisms help countries, companies, and individuals to meet emission reduction targets at the lowest possible cost

  • The UN runs the world’s largest offset mechanism:

    • Clean Development Mechanism (“CDM”)

    • Operational through 2023 at least

  • New (and larger) offset mechanisms are being developed, to be operational by 2020 at the latest

ICAO Symposium on Aviation and Climate Change, "Destination Green", ICAO Headquarters, Montréal, Canada, 14 - 16 May 2013


Introduction to the cdm
Introduction to the CDM

  • Established in 1997, operational since 2001

  • Aims are to reduce emissions and promote sustainable development

  • Two-stage process:

    • Registration of projects that reduceemissions in developing countries

    • Issuance of credits correspondingto actual reductions that are achieved

ICAO Symposium on Aviation and Climate Change, "Destination Green", ICAO Headquarters, Montréal, Canada, 14 - 16 May 2013


Project cycle

Project cycle

By third-party auditor

By regulatorybody

By project participants


Statistics to date
Statistics to date

> 6800 registered projects in over 80 countries

> 1.3 billion issued credits (“CERs” = certified emission reductions)

ICAO Symposium on Aviation and Climate Change, "Destination Green", ICAO Headquarters, Montréal, Canada, 14 - 16 May 2013


Quality
Quality

  • All projects are scrutinized by third-party auditors

  • All projects are subject to review by the governing body (CDM Executive Board)

  • Internationally approved standardsand methodologies

  • Trend toward conservativeness:

    • Standardized baselines

    • Conservative estimates,default factors, etc.

ICAO Symposium on Aviation and Climate Change, "Destination Green", ICAO Headquarters, Montréal, Canada, 14 - 16 May 2013


Reliability
Reliability

  • Operation is assured until at least 2023

  • Supply from existing projects:

    > 1.3 billion credits issued to date

    > 1.3 billion more credits by 2020, by current trends

  • Additional supply variables:

    • Highly price-elastic, scalable to meet demand

    • UN recently launched four regional offices (Colombia, Grenada, Togo, Uganda) to spur supply from underrepresented regions

ICAO Symposium on Aviation and Climate Change, "Destination Green", ICAO Headquarters, Montréal, Canada, 14 - 16 May 2013


Accessibility
Accessibility

  • Offset credits can be accessed by anyone:

    • By countries to meet international commitments

    • By companies/individuals to meet targets (e.g. CSR)

  • Voluntary cancellation procedure

    • Buyer identifies credits  can filter by country of origin, project type, sustainable development benefits, etc.

    • Buyer and seller negotiate a price

    • UN cancels credits upon request of seller

    • UN provides attestation, naming quantityand beneficiary of cancelled credits

ICAO Symposium on Aviation and Climate Change, "Destination Green", ICAO Headquarters, Montréal, Canada, 14 - 16 May 2013


New mechanisms 1
New mechanisms (1)

  • New UN mechanism is under development

  • Projected attributes:

    • Sectoral/sub-sectoral(not limited to individual facilities)

    • Net decrease in emissions

  • Pilot activities planned in 2013

  • Expected to be operationalby 2020 at the latest

ICAO Symposium on Aviation and Climate Change, "Destination Green", ICAO Headquarters, Montréal, Canada, 14 - 16 May 2013


New mechanisms 2
New mechanisms (2)

  • Negotiations on a “framework” to recognize and support non-UN mechanisms

  • Recognition that countries and third-party organizations are developing mechanisms

  • Interest in environmental integrity:

    • Quality control  all credits are real,verified, permanent, and addititional

    • Quantity control  no credits aredouble-counted

ICAO Symposium on Aviation and Climate Change, "Destination Green", ICAO Headquarters, Montréal, Canada, 14 - 16 May 2013


Closing remarks
Closing remarks

Offset credits under the CDM are:

■ High-quality ■ Secure to at least 2023 ■ Easily accessed ■ Easily filtered ■ Scalable to meet demand

New mechanisms are under development:

■ Scaled-up mitigation ■ Operation expected by 2020

UN offset mechanisms are a cost-effective and internationally recognized means to neutralize emissions

ICAO Symposium on Aviation and Climate Change, "Destination Green", ICAO Headquarters, Montréal, Canada, 14 - 16 May 2013


Thank you
Thank you!

  • Robin RixLead, Strategy Development (Markets)United Nations Climate Change Secretariat

  • [email protected]

  • www.unfccc.int / cdm.unfccc.int

@UN_CarbonMechs

/UNCarbonMechs

ICAO Symposium on Aviation and Climate Change, "Destination Green", ICAO Headquarters, Montréal, Canada, 14 - 16 May 2013


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