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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

Registration

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
  • rrix@unfccc.int
  • 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