November 19 th WBI-PCF Training Session. World Bank November 19 th WBI-PCF Training Session. World Bank Impact of Carbon Finance on Project Financing November.

Slides:

Advertisements

Similar presentations

Presentation Warsaw, June Why to invest in renewable energy market? One of the fastest growing sector of Polish economy, boosted by subsidies and.

Advertisements

World Bank Carbon Finance Experience, Strategy and New Funds Workshop – How to develop CDM projects in Central America, March 27-28, 2003 Rodrigo Chaparro.

The Sustainable Carbon Credit Originator We are an international company that originates high quality carbon credits by initiating, developing or.

Renewable Energy and Carbon Credits Heath Norrick Manager of Renewable Energy Hoosier Energy REC, Inc.

“Financing Renewable Energy in Emerging Markets – Opportunities & Approaches” Frank Joshua Montreal, 28 September 2004 Workshop on Innovative Options for.

Donors’ Conference on Sustainable Energy for Kosovo

UNEP’s flagship publication, Towards A Green Economy: Pathways to Sustainable Development and Poverty Alleviation, is the result of two year’s work, involving.

JBIC’s New Operation for Environmental Projects “GREEN” Takahiro Hosojima Chief-representative in Rio de Janeiro Japan Bank for International Cooperation.

Financing Global Climate Change Mitigation The Prototype Carbon Fund György Lázi World Bank.

1 State and trends of the carbon market Updated September 20, 2001 Franck Lecocq – DECRG / PCFplus Research.

The emerging carbon market an introduction Presentation to the PCF/WBI Training Integrating Carbon Finance in Bank ’ s Work November 19, 2001 Franck Lecocq.

Alternative Energy Development Plan (2008 – 2022), Medium - and Long – term Investment Plan and the Role of the Private Sector Mr. Rangsan Sarochawikasit.

Sustainable Energy at the World Bank: Policies and Experiences Anil Cabraal Lead Energy Specialist Energy and Water Department The World Bank Norway-World.

World Bank Experience with Power Sector Baselines Workshop on CDM Methodologies for Grid-Connected Power Projects Buenos Aires, 8 December 2004 Fernando.

© Clean Energy Finance Corporation Ridley Aqua Feed Australian Prawn and Barramundi Farmers Symposium 2015 Lezel Fouché, Manager – Portfolio Management,

Renewable Energy Support Schemes & Capacity Building Needs Benon Bena Manager, Off-Grid Renewable Energy Development Rural Electrification Agency-Uganda.

International Finance Corporation Carbon Finance: Issues and Opportunities for the Private Sector MDL en Centro America San Salvador, El Salvador March.

Prototype Carbon Fund Training Workshop: Project Formulation for the Clean Development Mechanism Hanoi, Vietnam September 30- October 2, 2002 Eduardo Dopazo.

UNIDO Vietnam Support for CDM projects in the Industrial sector: Pilot Project in Co-operation with the Austrian Industry Training Sessions on the Kyoto.

© ESD 2003 IRIS KYOTO Example: Svilosa Wood Waste, Bulgaria Coal Waste Emissions Coal Waste Biomass boiler Emissions 75,000 tonnes CO2 per year.

Prototype Carbon Fund Training Workshop: Project Formulation for the Clean Development Mechanism Hanoi, Vietnam September 30- October 2, 2002 Eduardo Dopazo.

Transforming Emissions Reductions into Carbon Assets NORTH AFRICA CARBON EXHIBITION Jerba, 23 rd September 2004 © CAMCO 2004 James Graham, General Manager.

A Balanced Energy Plan for Alaska’s Railbelt Opportunities for End-Use Efficiency/Conservation and Renewable Energy Prepared for the Alaska Clean.

Solar Water Heating for Climate Protection: The Role for Carbon Finance Presented At: COP11 MOP 1, Montreal Canada 30 November 2005 By: Steven Kaufman.

Wood for Energy Experience of Coillte to date Presentation to the Oireachtas Joint Committee on Marine, Communications and Natural Resources George McCarthy.

Managing Risk and Uncertainty in Carbon Finance Training Workshop : Project Formulation for the Clean Development Mechanism Hanoi, Vietnam September 30.

Canadian National Workshop on the Clean Development Mechanism (CDM) and Joint Implementation (JI) Delta Hotel, Ottawa January.

Sustainability Forum Sustainability Forum The Global Carbon Market Business Opportunities for Sustainable Development Zurich, September 24-25,

Emission reduction value in financing clean energy projects By Jan-Willem Martens EcoSecurities.

International Climate Change Regime n UNFCCC – “stabilization of greenhouse gas concentrations at a level that would prevent dangerous anthropogenic interference.

Forum on Sustainable Energy, Good Governance and Electricity Regulation The Need for an Effective Regulatory Regime: The Case for Increasing Clean Energy.

1 Central American Carbon Program: Implications for rural communities, renewable energy and the environment August, 2000 Most of the data and studies in.

1 CAPACITY DEVELOPMENT for the CLEAN DEVELOPMENT MECHANISM for CAMBODIA (CD4CDM) 2 nd National Workshop on Capacity Development for the Clean Development.

1 Synergies Between Climate Change Financing Mechanisms: Options for China The PCF/CC Synergy Workshop.

CoP6 bis Outcomes Clinic Implications for the Global Carbon Market July 30, 2001 World Bank.

Catalyzing Clean Infrastructure Investment Veronique Bishop World Bank Workshop on Risk Management Tools in Carbon Finance November 19-20, 2003.

PCF Portfolio January 2002.

E7 Private CDM Investor CDM Program + Experience presented by Klaus Baumann e7 Senior Program Manager/Project Director RWE Environmental Affairs UNEP RISOE.

Page 1 Greenhouse Gas Risk Solutions Commercializing Swiss Re’s Sustainability Commitment.

Practical issues in identification and development of CDM projects AIT, Bangkok, October 20, 2005 Soeren Varming Senior Consultant, Climate Change

Learning from the Implementation of the Prototype Carbon Fund

EcoSecurities Group Ltd CONFIDENTIAL Carbon Finance and Oil and Gas Context Paul Soffe – Senior Adviser Africa Oil and Gas Conference April 2004.

Netherlands-EBRD Carbon Fund Facilitating the JI Carbon market Egbert Liese.

The Netherlands - Bulgaria Economic Relations and Co-operation.

UNEP Collaborating Centre on Energy and Environment CDM developments Njeri Wamukonya Regional CD workshop, 3-4 March 2003, NBI.

Progress with Portfolio Development Prototype Carbon Fund July 2002.

El Gallo Hydroelectricity Project PDD Analysis

Learning from the Implementation of the Prototype Carbon Fund:

Nordic Environment Finance Corporation (NEFCO) NEFCO investment Fund. Priorities in financing. Projects and experience in Russia and Ukraine.

CPI Energy Phils., Inc. 39 San Miguel Avenue, 17th Floor One Magnificent Mile Bldg. Ortigas Center, Pasig City 1605 Metro Manila, Philippines Tel. +63.

Challenges and Opportunities for Addressing Global Climate Change February 2006.

To Request Copy of Annual Report Status of PCF Operations and Pipeline End-October, 2001 CoP7 Presentations.

SUNREF program – Sustainable Use of Natural Resources and Environmental Finance TISIF 2015.

0 BARRIERS TO CDM PROJECT FINANCING Presentation to CDM Financial Mechanism Training Course 18 September 2003 Clean Energy Finance Committee.

DEG‘s experience in small-scale renewable energy projects in developing countries risks – mitigants - carbon credits Workshop on tools for risk mitigation.

Impact of Carbon Finance on Project Financing Prototype Carbon Fund April 17, 2002.

The Prototype Carbon Fund: Project Portfolio Development Issues.

Renewable Energy and Energy Efficiency: What’s it good for? 4 th Poverty Reduction Strategy Forum.

Suzlon Energy Ltd 1 Clean Technology Opportunities in India -Chintan Shah Suzlon Energy Ltd 30 th March, 2016.

GOVERNMENT REGULATION AND INCENTIVES AT NATIONAL AND LOCAL LEVELS IN MITIGATION ACTIVITIES Noviembre 2010 Gabriel Quadri de la Torre

Clean Energy Finance Raising and Placing Capital in Energy SMEs World Bank Energy Week March 2006 Christine Eibs Singer

Transforming Emissions Reductions into Carbon Assets © CAMCO 2003.

BIOENERGY IN ELECTRICITY GENERATION

Energy Services Company Models: Opportunities for Transit

FINANCING OF PRIVATE GEOTHERMAL POWER GENERATION

Potential for Carbon Finance in Agriculture and Forestry

Energy Services Company Models: Opportunities for Transit

Energy Efficiency investments European Investment Bank

Finnfund’s possibilities to finance energy investments in Ukraine

الأساسيات والاتجاهات الحديثة

Presentation transcript:

November 19 th WBI-PCF Training Session. World Bank November 19 th WBI-PCF Training Session. World Bank Impact of Carbon Finance on Project Financing November 19th,

Features of the PCF Closed-end Mutual Fund structure with diverse portfolio to: Minimize Project Risks Reduce Transactions Costs Enhance the Learning Experience Shareholding: Governments, $10 m; Companies, $5 m Total Capital: US$145 million to be used in ~ 30 projects PCF Products: –Competitively priced, high quality emissions reductions target portfolio wide outcome price: ~$5/tCO2 ($20/tC) target deal price: $ /tCO2 (~$9-12tC) –High value knowledge asset: create competitive advantage for corporate investors and efficient market regulation and leverage for sustainable development for Parties

Public Sector (6) Governments of Netherlands, Finland, Sweden, Norway, Canada, and Japan Bank for International Cooperation Private Sector: (17) RWE - Germany, Gaz de France, Tokyo Electric Power, Deutsche Bank, Chubu Electric, Chugoku Electric, Kyushu Electric, Shikoku Electric, Tohoku Electric, Mitsui, Mitsubishi, Electrabel, NorskHydro- Norway, Statoil -Norway, BP-Amoco, Fortum, RaboBank, NL PCF Subscribers ($145 million)

Impact of Carbon Finance on Project Financing at $3/t CO2e Technology  IRR Energy Eff.-District Heating 2.0 Wind Hydro Bagasse Biomass with methane kick Up to 5.0 Municipal Solid Waste with methane kick >5.0 Note: data are preliminary Project, Not Equity, FIRR.

Waste-to-Energy project : Chennai, India, MSW Gasification of solid waste 15 MW plant, 95 GWh/ann, $38m cost ERs from: –Power generation displacing fossil fuel (40%) –Methane capture & conversion (60%) Project IRR Equity IRR Without carbon finance14% 16% With carbon finance>19% > 25% Impact of Carbon Finance on Project Financing at $3/t CO2e

AnnualUganda 1-7MW Costa Rica Chile 25MW Mini-Hydro off-grid grid ERs (000 t) * Net Gen.(GWh) CO2 ERs/GWh ER (USc/kWh) * Gas vs coal BL Hydro: Off-grid vs. Grid

Methane-capture projects: carbon finance can turn “dogs” into “cash cows” “Traditional” renewables: boost return by % –Makes some marginal deals bankable; –Creates a useful additional risk hedge for already profitable deals –Can displace ODA and Government subsidy in some projects Quantity of carbon finance is only half the story: The leverage of carbon finance on financial closure is disproportional to volume of carbon finance Impact of Carbon Finance: Quality and Quantity (at $3/t CO2e)

Annexes

Typology of Funds/Plays Pure Carbon Funds (PCF, National Funds) Private Equity Funds  Aimed at JI/CDM Projects  New Energy, RE, EE Funds with Carbon Credits  Forestry Funds with Carbon Credits  Energy or Forestry Funds that Could Add Carbon Credits Mutual Funds with % in Private Equity NGO Funds Sustainability, Social, Ethical Mutual funds Corporate “Funds” Earmarked for Carbon Credit Investment