· © 2014 Perspectives GmbH Po5 - From CDM to NAMAs: Opportunities to Accelerate Sustainable Development and Contribute Towards Global Mitigation Efforts Perspectives Climate Change Alberto Galante Bogota,

· Scaling up mitigation and incentives for financing From single measures (CDM) to sectorwide efforts (NAMAs) 2 Single CDM projects CDM Programme of Activites Nationally Appropriate Mitigation Actions (NAMAs) Mitigation action in Sub- Sector A Capacity building Voluntary programme Scale of mitigation financing Source of Funds: Carbon market (CERs) Carbon market (CERs) Potential mix of funds (domestic, donor and carbon financing) 2012

· Experience from the CDM in LAC region  Key sectors under the CDM in LAC region -Renewables (70.5%); Waste (≈ 20%)  CDM has worked well in LAC region due to clear incentives and limited government interference  Building on the governance structure of the CDM, NAMAs should go further in standardising baseline and MRV methodologies  Moreover, possibility to integrate CDM activities as instruments under a supported / credited NAMA Source: UNEP DTU CDM/JI Pipeline Analysis and Database, August 1 st 2014

· Total sector emissions Support 2014 ~ 2015 – 2024 ~ NAMA Support Facilities (e.g. NAMA Facility, GEF, EU NAMA Funds, bilateral) Pre-2015 Phase Independence Phase CDM portfolio Support Phase Domestic instruments (Supported/credited NAMAs) Domestic instruments (Unilateral NAMAs) NAMA crediting Transformation of CDM activities into instruments under a NAMA

· Example: Step-wise NAMA MRV approach – Chilean Solid Waste NAMA case (UNDP LECB Lot7) 5 STEP 1: Analysis of CDM methodologies and of existing MRV systems relevant to the project STEP 2: Establishment of data and parameters not to be monitored STEP 3A: Parameters ex-ante STEP 3B: Parameters ex-post STEP 4: Establishment of monitoring processes and monitoring frequency STEP 5: Establishment of QA/QC procedures STEP 3: Establishment of data and parameters to be monitored Applicable CDM meths: ACM0022 “Alternative waste treatment processes” AMS-III.R. “Methane recovery in agricultural activities at household/small farm level” AMS-III.AO. “Methane recovery through controlled anaerobic digestion” Other applicable MRV meths: Climate Action Reserve (CAR) “Organic Waste Digestion Project Protocol V2.1” The Gold Standard (GS) “Revised Consolidated Baseline Methodology for GHG ER from Manure Management Systems and Municipal Solid Waste” Entreprises pour l’Environnement (Built on GHG Protocol) “Protocol for the quantification of GHG from waste management activities: Biological treatment (composting, anaerobic digestion”

· © 2014 Perspectives GmbH Po5 - From CDM to NAMAs: Opportunities to Accelerate Sustainable Development and Contribute Towards Global Mitigation Efforts Perspectives Climate Change Alberto Galante Head Spain Office / Director Latin America Business ¡MUCHAS GRACIAS POR SU ATENCIÓN!

· PASO 1: Análisis metodologías y sistemas MRV  ACM0022 “Alternative waste treatment processes”  AMS-III.R. “Methane recovery in agricultural activities at household/small farm level”  AMS-III.AO. “Methane recovery through controlled anaerobic digestion”  Climate Action Reserve (CAR) “Organic Waste Digestion Project Protocol V2.1”  The Gold Standard (GS) “Revised Consolidated Baseline Methodology for GHG Emission Reductions from Manure Management Systems and Municipal Solid Waste”  Entreprises pour l’Environnement (Built on GHG Protocol) “Protocol for the quantification of greenhouse gas emissions from waste management activities: Biological treatment (composting, anaerobic digestion” 7