A regional response to global climate change
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A regional response to global climate change The Baltic Sea region as a testing ground for for the Kyoto protocol A climate policy initiative by the Baltic Sea Region Energy Cooperation – BASREC - under the CBSS umbrella Starting points Climate change is a global issue.

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A regional response to global climate change

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A regional response to global climate change l.jpg

A regional response to global climate change

The Baltic Sea region as a testing ground for for the Kyoto protocol

A climate policy initiative by the Baltic Sea Region Energy Cooperation – BASREC -

under the CBSS umbrella


Starting points l.jpg

Starting points

  • Climate change is a global issue.

  • Reduction of emissions of greenhouse gases is the main abatement instrument

  • From a climate point of view it does not matter where you reduce emissions - the effect is the same on the GHG concentration in the atmosphere

  • Cost-efficiency is of major importance

  • The Climate convention and the Kyoto protocol therefore acknowledge the use of flexible mechanisms like joint implementation


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Baltic Sea Region: a testing ground for mechanisms

Tasks decided by the BASREC energy ministers:

  • Write a JI handbook

  • Simulation of emissions trading and arranging a conference on the results

  • Prepare and set up a JI investment facility

  • Prepare a Testing Ground Agreement

  • Information: www@basrec.org and www@cbss.org


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The BASREC JI handbook

  • First version of the handbook – now ready – but on-going process, subject to revisions

  • Interpretation of the international agreements– Kyoto Protocol and the Marrakech Accords (COP7), Nov 2001

  • Covers two key areas:

    • Requirements that Parties have to meet to participate in JI - BSR status in meeting them

    • Advice to project developers on the Track 2 procedures, & steps to a succesful ERU purchase agreement

  • translated into Russian and available on website


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    Testing ground framework agreement Objectives

    • to build capacity and competence to use the Kyoto mechanisms and promote common understanding of concepts

    • to promote realisation of high quality projects in the energy sector generating emissions reductions

    • to gain experience with the Joint Implementation (JI) mechanism in the energy sector

    • to develop methods and procedures

    • to collaborate in addressing administrative and financial barriers, especially regarding small scale JI projects

    • to facilitate generation, ensure issuance and transfer of ERUs from JI projects

    • to implement projects early and offer credits for emission reductions prior to 2008 by appropriate means


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    The BASREC Testing Ground Agreement

    • Open to participation for BASREC governments and companies ( and others! )

    • “As if” application of Kyoto rules before start in 2008 on projects within the energy sector. From 2008 and onwards Kyoto rules apply in full

    • Projects to be approved by investor and host country

    • Core element: already decided Testing Ground Facility to invest in JI projects for 10-20 million Euros in BASREC TGA countries

    • Model project agreements and handbook to support activities


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    Testing Ground Facility

    • Managed by NEFCO – Nordic Environment Financing Corporation

    • Decision by the Nordic Council of Ministers

    • Initially BASREC investor countries

    • Open for others

    • Fund Management Agreement with NEFCO being finalized right now


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    BASREC work ahead in the climate field

    • Implement the testing ground agreement and facility (the agreement has been signed by 9 countries and the TGF is being capitalised)

    • Analyse effects of EU accession

    • Revise and improve the JI-handbook as needed

    • Baseline development in Arkangelsk

    • Continue building capacity and knowledge


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