Gas flaring reduction: contribution from carbon finance

Slides:

Advertisements

Similar presentations

Aims Competitive Industrial Base (Lisbon jobs and growth) Climate Change (greatest long-term challenge facing the human race) Right Mix/Balance – critical.

Advertisements

A Project Developers view for post 2012 carbon market (Plenary IV) 25 March 2012 Mischa Classen Executive Committee, Project Developer Forum First Climate.

EPA’s Clean Power Plan Proposed Rules for Reducing GHG Emissions from Power Plants Presentation to ACPAC June 16,

Nationally Appropriate Mitigation Actions (NAMAs) for low-carbon end-use sectors in Azerbaijan Chingiz Mammadov UNDP.

Flaring and Venting – A CNG Solution? Darrell HAWKINS.

EU-Russian Climate Cooperation: Towards a Post-2012 Low Carbon Investment Regime Anatole Boute.

The EU Emissions Trading System (ETS) Rationale and Lessons learnt Artur Runge-Metzger Head of International Climate Negotiations, European Commission.

Joint Implementation & Gas Flaring Reduction Projects Alexandrina Platonova-Oquab Carbon Finance Unit, World Bank.

IPCC Synthesis Report Part IV Costs of mitigation measures Jayant Sathaye.

Sustainable Development, Policies, Financing October 9, 2011

Environmental Sustainability in the Extractive Industry: The Case for Climate Change Mitigation Dr Uwem E. Ite.

Francesca Romanin Jacur Milan University

1 Financing of Climate Change Mitigation and Adaptation The World Bank Perspective ECOSOC-BWI Meeting United Nations April 14, 2008.

Financing new electricity supply in the UK market with carbon abatement constraints Keith Palmer 08 March 2006 AFG.

Green Economy Initiative Derek Eaton UNEP UNCEEA, June 2010.

UNITED NATIONS INDUSTRIAL DEVELOPMENT ORGANIZATION Reducing poverty through sustainable industrial growth Power-Gen PAK rd International Conference.

© OECD/IEA – 2011 Key Insights from IEA Indicator Analysis ENERGY INDICATORS Efficient Power Generation 2011 Roundtable 4: Efficient use of energy in the.

UNIDO - Energy Efficiency Industry Compacts: UNIDO Project Khalil Hamdani Durban Climate Change Summit 28 May 2009.

JOINT IMPLEMENTATION MECHANISM IN BULGARIA J I MINISTRY OF ENVIRONMENT AND WATER 26 May 2004 Daniela Stoycheva – National Focal Point on CC, BULGARIA.

World Bank Energy Sector Lending: Encouraging the World’s Addiction to Fossil Fuels Heike Mainhardt-Gibbs Bank Information Center – March 2009.

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

Capacity Development for the CDM (CD4CDM) First National Workshop - SURINAM Sustainable Development Impact Evaluation Miriam Hinostroza.

Global Sustainability: The Case for Collaboration Environmental Issues.

Green Investment Schemes: Maximizing their benefits for climate and society Diana Urge-Vorsatz 24th. April.2008.

Developing a Framework for Offset Use in RGGI Opportunities and Risks Dale Bryk, NRDC and Brian Jones, MJB&A – Northeast Regional GHG Coalition RGGI Stakeholder.

The policy and plan on CDM Forum MDP Maroc Marrakech, April Italian Ministry for the Environment and Territory Department for Global Environment,

M.E.Stavsky Vice President OJSC NK Rosneft Moscow Carbon Market Forum 2008 April Rosneft Experience in Preparing Joint Implementation Projects: Constraints.

GEF and the Conventions The Global Environment Facility: Is the financial mechanism for the Stockholm Convention on Persistent Organic Pollutants the.

1 Sustainable Development Assessment: A formalized approach initiated in Tunisia Rafik MISSAOUI (APEX-ALCOR)

L Click to edit Master text styles l Second level l Third level l Fourth level l Fifth level Representing the European electricity industry at expert,

Examples of benefits assessment of low emissions development Iris Jiménez National Institute of Ecology and Climate Change Mexico October 14th.2015.

African Development Bank Tunis, Tunisia March, 2011 Dr. Anthony NYONG Manager, ORQR.3 SESA Workshop AfDB’s Green Growth Strategy: What Role can SESA.

New Government Policy on Energy Efficiency By Subodh Kumar Scientist Central Road Research Institute New Delhi ,

Challenges and Opportunities for Addressing Global Climate Change February 2006.

Green Investment Scheme in Russia: Perspectives and Constraints Julia Dobrolyubova Expert on Climate Change and Kyoto Protocol REC/CEU GIS Workshop

Assessing Geopolitical Economics in Securities A panel on the impact of economic and geopolitical forces.

Barreras para la Utilización de Gas Asociado y Enfoque Integrado en la Utilización de Gas Asociado Taller Nacional: “Impulsando la Alianza para Reducir.

Urban Mobility Management and Emissions Measurement System Boile Maria 1,2 Afroditi Anagnostopoulou 1 Evangelia Papargyri 1 1 Centre for Research and Technology.

Feasibility study to use waste as fuel for cement factories

SA GHG Emission Reduction System: Progress and development of 2nd Phase of the DEROs and Carbon Budgets PCEA 28 OCTOBER 2016.

Renewable Energy and SA GHG Emission Reduction System

South Africa’s Climate Change M&E System Framework 19 April 2017

Mitigation Targets and Actions under Sierra Leone’s NDC

LEVERAGING US EXPERIENCE: INDIA’s ENERGY PRODUCTIVITY ROAD MAP

Energy for a changing world

UNDP - Fortis MDG Carbon Facility

German Emissions Trading Authority (DEHSt)

Moscow Carbon Market Forum -- April 28-29, 2008 Te Mark A. Izeman

Building Efficiency Accelerator

Mitigation System PCEA 8 September 2015.

Enhanced Mitigation Actions by Utilizing Green Bonds

Baseline setting and monitoring under JI compared to the CDM approach

Roadmap for moving to a competitive low carbon economy in 2050

Coal – security of coal supply considerations of EURACOAL

Implementation of SAPCC:

EU-RUSSIA Cooperation in Energy Efficiency

Work Programme 2012 COOPERATION Theme 6 Environment (including climate change) Challenge 6.1 Coping with climate change European Commission Research.

Kyoto Protocol.

ERUPT Lennard de Klerk Moscow, 27 May 2004

Funding matters Problems and potential solutions to fund coastal adaptation and resilience in Australia Dr. Zsuzsa Banhalmi-Zakar Lecturer in Corporate.

Energy performance and Carbon emissions Assessment and Monitoring tool

10th Annual Aleksanteri Conference

Energy performance and Carbon emissions Assessment and Monitoring tool

Taxonomy Global Green Finance Leadership Program Seminar on Policy Framework for Green Finance Beijing 06/11/18.

Carbon Finance at EBRD: IGOs’ perspectives

Carbon Markets and indigenous communities The real world impacts of carbon markets Gilles Dufrasne Policy Researcher, Carbon Market Watch 10/07/2018

Experiences of IBEC in intergovernmental financial management, good practices, gaps and recommendations Patrick Omutia CBS Special Secretary/ ODP IBEC.

Stakeholder Engagement

Industrial Value Chain: A Bridge Towards a Carbon Neutral Europe

Industrial Value Chain: A Bridge Towards a Carbon Neutral Europe

Presentation transcript:

Gas flaring reduction: contribution from carbon finance Sectoral policies on GHG emission mitigation Moscow Carbon Market Forum April 28-29, 2008 Alexandrina Platonova-Oquab The World Bank

New approaches in the gas flaring reduction policy in Russia Russian government has been developing a set of measures aimed at gas flaring reduction Balanced combination of regulatory and economic tools is key Cumulative positive effect of gas flaring reduction is significant both from the environmental (local and global) and economic perspectives: One of the major sources of atmospheric pollution in Russia* currently, gas flaring in Russia is emitting at least 50 MtCO2e per year *Source : Oil & Gas Journal Russia, March, 2008 Russian government has been developing a set of measures aimed at gas flaring reduction: [some of which has already been implemented] Balanced combination of regulatory and economic tools is key [for successful flaring reduction]

Oil companies’ programs for gas flaring reduction APG utilization programs are being developed by oil companies: Several projects are considered under the framework of the Joint Implementation Implementation timeline realistically requires several years to meet satisfactory levels of APG utilization

Harnessing opportunities through carbon finance Achieving higher satisfactory level of the AG utilization will take time Opting for the best available opportunities is key Some projects will remain uneconomic due to specific barriers Carbon finance could support the use of most efficient alternatives that often require significant additional investment… and accelerate the achievement of sectoral goals

Demonstrated impact of carbon finance on gas utilization (CDM projects) Al-Shaheen Gas-to-GPP (Qatar) APG utilized: 1500 Mln.m3/y CO2e reductions: 2.5 MtCO2/y Leveraged investment: USD 260Mln Tambun Gas-to-LPG (Indonesia) APG utilized: 260 Mln.m3/y CO2e reductions: 0.4 MtCO2/y Leveraged investment: USD 30Mln Kwale Gas-to-Power (Nigeria) 480 MW CCGT APG utilized: 600 Mln.m3/y CO2e reductions: 1.5 MtCO2/y Indicate the share of Carbon revenues in the investment or to the IRR or in USD how much revenues it represents Total results for 10 years GHG emission reductions: 44 MtCO2e APG utilized: 23.6 Bln.m3

Expected benefits of carbon finance in Russian context Incentivizing project developers to select the Best Available Technologies Contributing to the implementation of new technological solutions: Gas conversion to products: GTL, methanol, DME Gas to reinjection Switching projects with marginal economics from “-” to “+” Boosting economics of gas utilization programs grouping APG sources under unique umbrella (scaling effect)

Potential role of JI gas flaring reduction in the Russian climate change policy Project-based mechanisms have provided tool to accurately evaluate baseline and additionally of projects Confidence in capabilities of Independent Entities in assessing compliance with JI requirements Carbon finance has demonstrated substantial leverage effect on investment Carbon finance could strengthen the scope of short and medium term gas utilization activities in Russia JI window may be closing: could Green Investment Scheme complement JI?