Intro of the Carbon Finance Capacity Building Project
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Transcript of Intro of the Carbon Finance Capacity Building Project
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Making Carbon Finance Work for
City Development
Carbon Finance Workshop
Quezon City, Sept 28, 2009
Konrad von Ritter,World Bank Institute
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Greenhouse Gas Emissions of CitiesPreliminary Data (t CO2 per capita)
0
5
10
15
20
25
Shanghai Bangkok Cape Town London Barcelona Heidelberg Toronto New York
City
National
Source:compiled by World Bank Staff from multiple sourcescomparability of data still under review. Contact Dan Hoornweg ([email protected])
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Cities and Climate Change
Over 5 billion likely to live in cities by 2030 contributing over 80% ofGHG emissions
Rapid urban growth renders cities a key for climate action
Cities are an indispensable key actor to movetowards low carbon growth.
Cities face multiple development challenges to serve their inhabitants
Climate Change is a Development Challenge: needsto be addressed through the lens of SustainableUrban Development
Sustainable Urban Development often linked to Low CarbonGrowth
Great Opportunities for Co-benefits: reducing GHG
and promoting City Development
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Potential Sectors with Co-Benefits
Cities
Public Transport
Metered Services
Wastewater
Buildings
Solid Waste
Street Lighting
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Urban Mitigation OpportunitiesUrban Water Supply & Sewerage
Typical Components Opportunities
Water supply, storage and treatment facilities
Secondary and tertiary distribution networks
Loss reduction
Sewage collection, treatment and outfall
facilities
Water supply and sewerage connections
Water pressure and quality monitoring
systems
Energy efficiency in water & wastewater
pumping
Managing GHG emissions from secondary &
tertiary treatment
Sludge disposal techniques
Reducing water supply variability & losses from
CC
Integrated energy-water management
Urban Solid Waste Management
Typical Components Opportunities
Establishing & managing sanitary landfills
Establishing and operating municipal waste
collection and recycling schemes
Encouraging proper waste disposal practices
Regulating uncontrolled & informal disposal
operation
Collection & utilization of landfill gas
Energy-efficient solid waste collection
Waste stream separation & materials recovery
Local, city-wide, regional recycling schemes
Composting
Source: Dan Hoornweg, WB
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Urban Mitigation Opportunities (contd.)
Urban Transport
Typical Components Opportunities
Highway Construction
Urban Bus Fleets
Improved Pedestrian Access
Signage, Crossings, Traffic SafetyMass Transit Systems
Modal Integration
Improved Urban Planning
Bus Rapid Transit
Vehicle fleet renewal with high-efficiency
clean vehiclesFiscal & tax regimes, including congestion
charges & engine capacity taxes
Non-Motorized transport
Energy: Energy Efficiency and Renewable Energy
Typical Components Opportunities
Building: Retrofitting and construction of
public buildings for energy efficiency
Efficient Steet lighting
Energy efficiency in Residential Sector
Renewable Energy
City Planning and Use of sustainable
building materials and products
Change building codes
Government procurement of energy-efficient
goods & services
Energy Efficient Streetlighting
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Industrialized
Country
Developing Country
Funding
TechnologyProjects to reduce GHG
emissions
Certified EmissionReduction (CER)
Emission reduction compared
to an existing baseline
Financing Low Carbon Development
in Cities the CDM Option
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CDM for Urban Development -
already a reality in Quezon City:
Payatas Landfill: First
registered CDM Biogasemission reductionproject in solid wastemanagement in thePhilippines.
Quezon City: agreementwith PANGEAGreenEnergy (Feb 14, 2007, forthe development andimplementation ofPayatas Landfill GasCapture
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Quezon CityQuezon CityQQualityuality CCommunityommunity
Carbon Finance & PoA for City Administration:The Quezon City Experience
Biogas Emissions Reduction Project
Updates
***30,860 CERs for the 1st Monitoring Period (01 March to 31 August 2008) were
issued on June 25, 2009
***2nd Verification to be conducted in September 2009 to cover 01 September
2008 to 30 June 2009GHG avoidance
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Potential Role of Carbon Finance
for Cities A market-based tool that can:
catalyze climate mitigation action;
promote clean technologies Strengthen city level institutions
CDM can generate additional revenues forpriority urban investment programs (in
non-Annex 1 Countries)
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Constraints Limiting Access
by Cities to Carbon Finance Project by Project approach high transaction costs
Few approved methodologies in high priority urban
sectors e.g. transport
Regulations limiting cities ability to enter into long-term
CDM project contracts
Weak institutional capacity at city level to: undertake CDM projects
Integrate CDM into priority city development programs design policies and measures to encourage CDM activities
New Opportunity: CDM Program of Activities
Will require Building Institutional Capacity
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Capacity Development: Key Drivers
Emerging ClimateFinancing
Instruments
- CTF Mission in
PHL: Scope for
Urban
Component?
Cities Development:Shift towards Low
Carbon Paths: QC
SWM, EE
(Building, Street
lighting, others)
UNFCCC Evolving
Regime Post-Kyoto:
How large the Carbon
Market? Programatic?
Capacity and Knowledge
Carbon Finance
Policy Measures
Low Carbon Growth
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Carbon Finance Assist
Cities and Climate Change Program
World Bank Institute Climate Change PracticesCarbon Finance Assist (CFA) Program helps Citiesharvest their carbon assets to mobilize Carbon Financefor Urban Development through:
Knowledge Sharing Carbon Expo Urban Stream with ICLEI, UCLG Symposium on Cities and Climate Finance, Barcelona, May 09
City Twinning for Carbon Finance
Learning Programs Multi-module learning program (under development)
Carbon Finance CB in Emerging Mega Cities: JointC40 CFA Switzerland initiative in 5-6 select mega cities
Customized Hands-on Support to Select Cities
Quezon City: Todays workshop
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Guiding Questions for Today
Identify:
Urban Climate Mititgation Opportunities: What are the highest priority Urban Sectors with Strong
Carbon (Emission Reduction)Potential? Carbon Finance Potential (CDM)
What are Baseline, Emission Reductions,Additionality toestimate Carbon Finance Potential?
Institutional Arrangements
Who is Qualified toA
ct as CoordinatingE
ntity (CE
) forProgram ofActivities (PoA): Private, Public, etc.?
Financing Options How will the underlying program/project be financed?
How will the CDM program/project preparation be financed?
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Starting Point for QC
Urban Climate Mititgation Opportunities: What are the highest priority Urban Sectors with Strong
Carbon (Emission Reduction)Potential?
Solid Waste, Energy Efficiency (Building, Street Lighting)
Carbon FinanceP
otential (CDM) What are Baseline, Emission Reductions,Additionality toestimate Carbon Finance Potential?
To be done! Learn from existingPoAs, UNFCCCGuidelines.
Institutional Arrangements Who is Qualified to Act as Coordinating Entity (CE) for
Program ofActivities (PoA): Private, Public, etc.? To be explored. Learn from PangeaGreen Energy
Financing Options How will the underlying program/project be financed?
How will the CDM program/project preparation be financed?
To be explored. Using experience from WB and QC projects.