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

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Presentation transcript:

Legal Aspects of Green Investment Scheme, Programmatic JI and Energy Efficiency in Russia Moscow Carbon Market Forum -- April 28-29, 2008 Te Mark A. Izeman Senior Attorney Natural Resources Defense Council (NRDC) mizeman@nrdc.org Russia: +7-909-683-8800 USA: +1-646-233-3327

Focus Areas Green Investment Scheme (GIS) Programmatic Joint Implementation Energy Efficiency Laws NRDC WORKING IN COOPERATION WITH GRADUATE STUDENTS FROM YALE UNIVERSITY AND NEW YORK UNIVERSITY SCHOOL OF LAW IN U.S. test

GIS Structural Alternatives Bi or Multi Lateral Country Agreements Agreements Between Private Sector Stakeholders Existing “Green” Russian Funds Federal Target Program

Russian GIS Legal and Policy Issues Property Rights/Taxation Privatization Law Budget Code Green Funding Projects Green Verification Self-Perpetuating “Revolving Fund”

Programmatic JI Programmatic JI = government or private sector initiatives that achieve GHG reductions through multi-site actions executed over time Will the JI pipeline in Russia focus on long-term EE gains?

Energy Efficiency Fastest, cheapest and cleanest new supply of energy Most cost-effective and expeditious way to reduce GHG emissions Strong EE laws facilitate carbon-trading schemes

Next Steps for NRDC Research Complete Initial Research Phase Circulate Draft “Working Paper” Seek Feedback From Stakeholders Undertake Additional Legal Research and Finalize Recommendations