1 / 10

FINANCING COMBATTING CLIMATE CHANGE

FINANCING COMBATTING CLIMATE CHANGE. UNECA, Tunis, 3 October 2012. YEAR IN REVIEW. Two Key Climate Threats: Top 12 Countries Most at Risk from Each. Instruments to Combat Climate Change. Quantitative Instruments: E.g. limits to emitting greenhouse gas emissions (Kyoto Protocol);

vadin
Download Presentation

FINANCING COMBATTING CLIMATE CHANGE

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. FINANCING COMBATTING CLIMATE CHANGE UNECA, Tunis, 3 October 2012 YEAR IN REVIEW

  2. Two Key Climate Threats:Top 12 Countries Most at Risk from Each

  3. Instruments to Combat Climate Change • Quantitative Instruments: • E.g. limits to emitting greenhouse gas emissions (Kyoto Protocol); • Pricing Signals: • Kyoto Instruments: emissions trading, CDM, Nationally Appropriate Mitigation Actions (NAMAs) • Financing Policies & Measures: • Funds in support of Policies, Measures, and Projects.

  4. FINANCE CARBONE Climate Finance Available in Africa Fut. Green Fund Potential for Future DomesticFunds to Combat Climate Change ?

  5. FINANCE CARBONE Status of Carbon Finance • Africais a smallemitter of greenhousegasemissions, but potential for reduction of emissiongrowthpathsnevertheless important. • Carbon finance potentialremainslargelyunexploited in Africa. • Limits to the Carbon Finance Model in Africa (only 3% of projectsglobally in 2009) • CarbonMarket in Crisis due to lack of follow-up on Kyoto Protocol • Extension of the Kyoto Protocol and Reform of CDM • The Kyoto commitmentperiod has expired; • The model of implementation of the CDM has to bereformed – high transaction costs and long gestation periods.

  6. FINANCE CARBONE What are NAMAs? • NAMA: NationallyAppropriate Mitigation Actions • Part of Bali Action Plan (2007, para.1(b)(ii)) at COP13 referring to voluntary mitigation measures for developing countries post 2012 • Definition: voluntarygovernmental interventions of a developing country leading to greenhousegasemissionsreduction • Potentiallybigger magnitude as the project-basedactivitiesunder the CDM • In sinkwith the overalldevelopmentneeds of a country • NAMAs have to: • Contribute to a country’sdevelopment; • Mitigateclimatechange to climate change; • Needs to beappropriate to the local environment of whereitisemployed; • Be measurable and verifiable. • Types of NAMAs: • Unilateral : realized on the basis of domesticresources • Supported: in need of international support • Credited: production of certified GHG emissionreductionsthatmaybesold on the international carbonmarket

  7. FINANCE CARBONE Range of Pricing Instruments CDM Program of Activities NAMA CDM Projects Sector-based approaches Entire sector is targeted Measures at the level of sub-sector Volontary program Capacity Building Scope of Mitigation Measure

  8. FINANCE CARBONE Partnership for Market Readiness • World Bank initiative launched in December 2010 • Objective: capacity building for those countries thatwouldlike to developpolicy instruments for a post-Kyoto (post 2012) carbonmarket. • Some figures: • 10 contributorstowards a total of US$ 75 million • Preparationgrant of about US$ 350,000 • Implementationgrantbetween US$ 3 et 8 million • 15 countries benefit to date (Africa: Morocco, South Africa) • Morocco has joined the PMR in 2012. The «MarketReadinessProposal » isunderpreparation.

  9. FINANCE CARBONE Partnership for Market Readiness Post-Kyoto: the case of Morocco

  10. FINANCE CARBONE www.worldbank.org/climatechange fmissfeldt@worldbank.org

More Related