1 / 9

Estonia’s strategies regarding Joint Implementation and Green Investment Scheme

Estonia’s strategies regarding Joint Implementation and Green Investment Scheme. Eve Tamme Estonian Environment Information Centre. Estonia’s JI strategies Risk management JI vs GIS in Estonia Prices. Contents. UNFCCC Technical Workshop on JI Bonn 13-14.02.2007.

lavender
Download Presentation

Estonia’s strategies regarding Joint Implementation and Green Investment Scheme

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Estonia’s strategies regarding Joint Implementation and Green Investment Scheme Eve Tamme Estonian Environment Information Centre

  2. Estonia’s JI strategies Risk management JI vs GIS in Estonia Prices Contents UNFCCC Technical Workshop on JI Bonn 13-14.02.2007

  3. Historical CO2 emissions Estonia is HOST country in JI UNFCCC Technical Workshop on JI Bonn 13-14.02.2007

  4. JI is one way to promote and support energy efficiency, renewable energy etc Due to double counting issue in EU ETS difficult to implement totally new projects Projects included in JI set-asides in NAP2 can be implemented To use Track 1 when eligibility requirements are met Mainly for possibility to use domestic verifiers  less costs for project developers Estonia’s JI strategies UNFCCC Technical Workshop on JI Bonn 13-14.02.2007

  5. Ministry of the Environment Narva mnt 7a, 15172, Tallinn, Estonia Ms Karin Radiko Environmental Management and Technology Department Ambient Air and Radiation Safety Bureau Phone: +372 6262 977 Fax: +372 6262 801 E-mail: Karin.Radiko@envir.ee Designated JI Focal Point UNFCCC Technical Workshop on JI Bonn 13-14.02.2007

  6. Risks for participating lay mainly on project developers ERPA Draft Electricity Market law Sets limits for how much electricity can be sold to the grid No risk assessment conducted or mitigation tools developed by country Problems with transactions are not foreseen at the moment (as long as GHG trading registry is online) No problems with surplus AAUs, due to recalculations in our GHG inventory we are even more below our Kyoto target Risk management UNFCCC Technical Workshop on JI Bonn 13-14.02.2007

  7. JI procedure is much more complicated than GIS JI procedure quite firmly guided by UNFCCC Only Track 1 gives some flexibility GIS can be developed by country itself taking into account domestic circumstances, administrative network etc – NO NEED FOR STRICT GUIDELINES!! Parties involved will make sure that the system is well regulated and risks minimised JI vs GIS in Estonia UNFCCC Technical Workshop on JI Bonn 13-14.02.2007

  8. Prices in JI have usually been between 4 and 10 EUR per ton of CO2 eq As the system is getting stronger and for new projects crediting period starts sooner the average price will probably rise Track 1 is more flexible Prices in GIS should be higher as much less risks are involved Not all countries with surplus AAUs will implement GIS Post 2012 commitments (2020, 2050) huge targets when comparing to Kyoto... Possible need to transfer AAU-s to the next periods for compliance Prices UNFCCC Technical Workshop on JI Bonn 13-14.02.2007

  9. Thank You! CONTACT: Eve Tamme Eve.Tamme@ic.envir.ee +372 673 7582 Estonian Environment Information Centre Climate and Ozone Bureau www.keskkonnainfo.ee

More Related