1 Registry Issues for Domestic Emissions Trading and the Kyoto Mechanisms Consultations on Registries Bonn June 2, 2002 Erik Haites Margaree Consultants.

Slides:



Advertisements
Similar presentations
International Climate Change Partnership Maintaining the Flexibility of the Flexible Mechanisms Fred Sciance General Motors on behalf of The International.
Advertisements

Current Developments in Domestic Climate Mitigation Measures Price-based Instruments and relevant WTO rules Ludivine Tamiotti, Counsellor Trade and Environment.
NATIONAL SYSTEMS UNDER ARTICLE 5 OF THE KYOTO PROTOCOL EC workshop on Quality Control and Quality Assurance of Greenhouse Gas Inventories and the Establishment.
European Commission: Environment Directorate General Slide: 1 Linking the EU Emissions Trading Scheme with JI and CDM Linking the EU Emissions Trading.
1 Toshiaki Nagata UNFCCC secretariat Progress on CDM registry development Inter-sessional consultations on registry systems.
JCF March, 2006 Issues on and Requests for Joint Implementation ( “JI” ) Projects Institutional Framework on Joint Implementation ( “JI” ) Projects Yusuke.
Ensuring Effective Monitoring, Certification and Verification of Emissions by Jed Jones Lloyd’s Register.
European capacity building initiativeecbi Post-2012 Scenarios Elements of the BASIC Sao Paoulo Proposal Benito Müller european capacity building initiative.
Canada’s Offset System for Greenhouse Gases Dean Stinson O’Gorman New Brunswick Climate Change Hub meeting October 7, 2009.
GRETA GREENHOUSE GAS REGISTRY FOR EMISSIONS TRADING ARRANGEMENTS Overview of the UNFCCC registries Workshop on China’s National administration and approval.
1 Andrew Howard UNFCCC secretariat Checks to be performed by the international transaction log Consultations on registry.
Revision of key attributes and transitional measures relating to possible changes in the JI guidelines Wolfgang Seidel, Chair of the Joint Implementation.
SUSTAINABLE MARKET SOLUTIONS FOR GLOBAL ENVIRONMENTAL PROBLEMS Market Situation SOFOFA, March 2005 Andrei Marcu President International Emissions Trading.
ECON1661/API135 section: Climate change overview 4/17/2009.
CARBON CONTRACTS - the PCF experience September 30, 2002.
1 United Nations Framework Convention on Climate Change UNFCCC press conference, Bonn, 20 November 2007 Kyoto Protocol “go-live”: data, policies, infrastructures.
1 Andrew Howard UNFCCC secretariat Registry systems and transaction types Consultations on registry systems prior to.
1 Andrew Howard UNFCCC secretariat Registry systems and the data exchange standards Intersessional consultations on registry.
Accounting of Emissions and Assigned Amount under the Kyoto Protocol Clare Breidenich UNFCCC Consultant.
1 Andrew Howard Climate Change Secretariat Emissions trading and project-based mechanisms 1-3 April 2008 Bangkok, Thailand AWG-KP 5 In-session workshop.
CONTRACTING FOR CARBON Legal Framework for JI Projects under the Kyoto Protocol.
1 Transaction log and the data exchange standards Introduction Pre-sessional consultations on registries 2 June 2003 Bonn, Germany Andrew Howard UNFCCC.
Data Exchange Standards in support of transaction processes 08 November 2004 Bonn, Germany Peggy Quarles Perrin Quarles Associates, Inc.
Introduction of technical paper Funding adaptation in developing countries: extending the share of proceeds used to assist in meeting the costs of adaptation;
Introduction to Climate Change: - global warming - basis steps in a clean development project - connection of CDM with European Trading Scheme Wim Maaskant.
Joint implementation, eligibility and the Compliance Committee Andrew Howard, Reporting Data and Analysis Cam Carruthers, Legal Affairs Bonn, October 2007.
Brief Overview of Legal Framework: UNFCCC and Kyoto Protocol M.J.Mace Climate Change and Energy Programme, FIELD LDC Workshop Nairobi, Kenya 2-3 November.
Breaking Legal Grounds…. Implementing a PCF Project Sao Paulo, Brazil - November 20, 2002 Charlotte Streck, PCF.
UNFCCC secretariat Session 4 Meeting eligibility requirements First UNFCCC workshop on implementation of Article 6 projects under the Kyoto.
Options and Recommendations Pre-sessional consultations on registries June 2002, Bonn, Germany DEVELOPMENT OF A NATIONAL REGISTRY IN BULGARIA Options.
The implementation status of specific mechanisms under Kyoto Protocol EU-ETS 13 May 2013 Geta Diaconu.
Greenhouse Gas (GHG) Monitoring, Reporting and Registries Pierre Boileau Greenhouse Gas Division Presentation for the Kyoto Mechanisms Seminar for the.
1 RGGI’s Source-Based Cap-and-Trade Program MassDEP April 19, 2007 Nancy L. Seidman Division Director, MassDEP Presentation to CA PUC Symposium.
1 How Can the Next Steps in International Climate Policy Be Made More Cost-Effective? Peter Bohm Stockholm University.
International Framework and Kyoto Protocol. UNFCCC Conference of the parties (annual meeting) –Review implementation –Consider new needs –Subgroups Creates.
AGEC/FNR 406 LECTURE 21 Atmospheric Concentrations of Carbon Dioxide,
OPTIONS TO USE EXISTING INTERNATIONAL OFFSET PROGRAMS IN A DOMESTIC CONTEXT Case Study: The use of CDM in support of domestic offset schemes Sacramento,
Kyoto Protocol Pankaj Jain.
Cooperative Mechanisms UNFCCC secretariat JI under UNFCCC - An overview -
Overview Understanding compliance Compliance in the new 2015 agreement – Mitigation – Other areas Some draft options.
La mise en œuvre conjointe : un outil méconnu mais prometteur Université de Montréal, 28 avril 2006 Colloque organisé par le CEDRIE.
Norwegian emissions trading proposal and onwards Peer Stiansen Norwegian Ministry of Environment.
Presentation “Green Investment Schemes – greenhouse gas emissions quotas trading mechanisms in Ukraine according to the Kyoto Protocol to the Convention.
1 Breaking Up: It’s Not So hard To Do Exploring the Challenges and Opportunities for Establishing a North American Emissions Trading System Chicago November.
A French view of the shaping of a National Registry for GHG Allowance trading Presentation to The Registries Workshop prior to SBSTA 16 by Philippe Meunier.
European Commission: Environment Directorate General Slide: 1 Registry systems for the EU emissions trading scheme SBSTA pre-sessionals Bonn, Germany,
Kyoto Protocol – War for our future
Linking regional emissions trading schemes with the EU ETS Peter Zaman UK Emissions Trading Group DTI Conference Centre 20 February 2007.
Regional perspectives under the Clean Development Mechanism Jose Domingos Gonzalez Miguez, Ministry of Science and Technology, Brazil.
LEGAL ISSUES FOR HOST COUNTRY CONSIDERATION CDM Workshop Kampala, June 6 to 8, 2001.
EU Study development of registries specifications IETA – Bonn SBSTA Laurent Segalen June 2003.
Introduction to Domestic Emissions Trading Warren Bell Associate, IIISD Kyoto Mechanisms Seminar for the Manitoba Business Sector March 14, 2003.
Alternatives to BART Rule Discussion with WRAP Nov , 2006.
1 NATIONAL SYSTEMS UNFCCC Workshop on National Systems under Article 5, paragraph 1, of the Kyoto Protocol 11–12 April 2005 Wissenschaftszentrum, Bonn,
Compliance Issues – Kyoto Protocol ______________ M.J. Mace, FIELD Workshop for LDC Negotiators UNFCCC COP 11 and Kyoto Protocol COP/MOP November.
Environmental Industries Sector Unit CDM Opportunities in South Korea Greg Dunne, Director, ICECAP Ltd. Seoul, 25 th September 2006 EISU Seminar Mission.
Statement – Legal form Internationally legally binding second commitment period under the KP is essential Legally binding commitments and actions are essential.
Introduction to the Project Cycle Jane Ebinger Senior Energy Specialist Sustainable Development Department The World Bank.
Emission Caps and Flexibility Mechanisms A. Denny Ellerman Center for Energy and Environmental Policy Research Massachusetts Institute of Technology
Submission on surplus and carry over of AAUs  AOSIS  AFRICA  BRAZIL Quantitative illustrative examples of the impacts-UNFCCC.
Policy, normative base and experience of Kyoto Protocol implementation in Bulgaria and other Central European Countries Daniela Stoycheva Consultant emissions.
Introduction to registry systems
Brief Overview of Legal Framework: UNFCCC and Kyoto Protocol M.J.Mace Climate Change and Energy Programme, FIELD LDC Workshop Montreal Canada November.
The Economics of Climate Change
Recent Cap and Trade Programs: EU ETS and RGGI
Eligibility issues and joint implementation
KYOTO PROTOCOL.
Issues in linking registries and the transaction log
The various tracks of JI…
Joint implementation and eligibility requirements
Presentation transcript:

1 Registry Issues for Domestic Emissions Trading and the Kyoto Mechanisms Consultations on Registries Bonn June 2, 2002 Erik Haites Margaree Consultants

MARGAREE2 DET/RET Programs Many Annex B Parties will implement domestic or regional emissions trading (DET/RET) to help meet their commitments DET/RET programs likely to differ: rvoluntary/mandatory participation rcoverage - sources, gases, sinks rstringency of the cap, safety valve rdistribution of units - auction, free

MARGAREE3 DET/RET Programs rburden on participants - free allocation rule (rate-based, absolute) or auction revenue distribution renforcement - effectiveness, penalties ropt-ins - sources, project credits rcompliance period, banking, borrowing rdefinition of unit rliability provisions

MARGAREE4 Links Between Programs Foreign entities may own DET/RET units: ronly in issuing registry - trading rin other registries - trading, compliance Transfers require transaction log, assurance of integrity of foreign registries Compliance use in other countries requires host government approval, equivalent transfers of Kyoto Protocol units

MARGAREE5 Links Between Programs Annex B government may restrict use of foreign DET/RET units for compliance due to environmental integrity concerns: rtreatment of indirect emissions rstringency of the cap, treatment of opt-ins rnature of, baselines for, projects rpermanence of sinks Equivalent transfer of KP units leaves host government responsible for integrity

MARGAREE6 Links Between Programs If matched by KP unit transfers, DET/RET transfers may be limited by provisions for: rcommitment period reserve rsupplementarity rlimit on use of LULUCF CERs If DET/RET designed to ensure low price, foreign transfers may be limited to provide competitive advantage for domestic sources

MARGAREE7 Registry Issues Units for DET/RET program could be: runits specific to the DET/RET program rKP units - AAUs, CERs, ERUs, RMUs Limits on foreign units may be imposed on acquisitions or on use for compliance Limits on foreign transfers or acquisition/ use may be implemented using permits

MARGAREE8 Registry Issues Single registry for KP units and DET/RET program likely Registry will need to track holdings of all units and permits an entity may hold -- DET/RET units for several countries Transaction log may need to include checks on transfers/acquisitions of DET/RET units

MARGAREE9 Environmental Integrity Government may prohibit acquisition/use of specified types of units for integrity reasons Use prohibition allows units to be held in registry for trading purposes May not be possible to identify DET/RET units by type -- sinks, nuclear, etc. -- so restrictions may be limited to KP units

MARGAREE10 Supplementarity Domestic action shall constitute a significant element of the effort of Party Domestic policies should be designed to achieve this requirement Larger acquisitions of KP units then due to:  Large increases in emissions by entities in the DET/RET  Poor performance by non-DET/RET policies offset through purchases of KP units

MARGAREE11 Supplementarity Assume program design will meet the requirement, so no restrictions on use/ acquisition of foreign KP or DET/RET units Impose quantitative limits on acquisition/ use of foreign KP or DET/RET units:  by each DET/RET participant  in aggregate for DET/RET participants With no restrictions entities could “wash” units to circumvent restrictions imposed by other countries

MARGAREE12 Limit on LULUCF CERs To ensure it complies with the limit on acquisition of LULUCF CERs an Annex B Party could limit use/acquisition:  by each DET/RET participant  in aggregate by DET/RET participants Party could decide to accept risk that limit will not be reached Transaction log will identify transfers that cause the national limit to be violated

MARGAREE13 Commitment Period Reserve KP units held in the registry can not be less than the prescribed level Transaction log will identify transfers that would cause reserve requirement to be violated If transaction proceeds anyway, the KP units can not be used for compliance until any questions of implementation have been resolved

MARGAREE14 Commitment Period Reserve Transaction log allows transfers on first-come, first-served basis, may have a rush to transfer Other options include: rSpecified fraction of units can be transferred rRequire a permit to transfer and limit the number of permits (issue permits free for acquisitions) Will need policy on acquisition/use of units that violated the CPR requirement when transferred

MARGAREE15 Conclusions DET/RET programs will differ in design raising integrity and competitiveness concerns KP unit transfers equal to DET/RET transfers leaves host Party responsible for integrity A Party may limit transfers or acquisitions/use of units for various reasons DET/RET programs may use KP units or national units

MARGAREE16 Conclusions National registries can also serve as registries for DET/RET systems, but may need to track additional types of units A Party may wish to implement measures in addition to reliance on the transaction log to maintain the commitment period reserve Need policy on acquisition/use of units that violated the CPR requirement when transferred