LIFE climate change seminar – Helsinki 18-19 January 2010 CARBOMARK Bridging voluntary markets to local climate mitigation policies Elena Dalla Valle –

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Presentation transcript:

LIFE climate change seminar – Helsinki January 2010 CARBOMARK Bridging voluntary markets to local climate mitigation policies Elena Dalla Valle – University of Padua Silvia Stefanelli – Friuli Venezia Giulia Region

LIFE climate change seminar – Helsinki January 2010 Voluntary carbon markets overview Complementary to EU regulated carbon markets Source of innovative credits (REDDs) Involve a wide range of small to medium emitters CO 2 savings additional to compliance market. VCM traded CO 2 volumes 3% in 2008 but on the rise More flexibility than regulated markets Wider range of mitigation projects Raise awareness on CC among policy makers

LIFE climate change seminar – Helsinki January 2010 From global to local CARBO MARK OBJECTIVES Set up a local carbon market Compensate carbon saving forest management Develop robust methodology Test innovative agro-forestry offsets 4 partners involved - 2 Regions 2 Universities. Budget € 1,088,028 Pilot market ( ) then take off

LIFE climate change seminar – Helsinki January 2010 Project main key actions INVOLVEMENT OF SELLERS AND BUYERS ECONOMIC, SCIENTIFIC AND LEGAL RESEARCH OF CARBON OFFSETS AND MARKET MODEL SET UP A PILOT LOCAL MARKET INVOLVING EMITTERS AND LANDHOLDERS ESTABLISHMENT OF CLIMATE CHANGE OBSERVATORIES POST 2011 – MARKET TAKE OFF

LIFE climate change seminar – Helsinki January 2010 Compensation for carbon saving land management practices Paying for ecosystem services (PES) from SMF Adoption of green policies (wood products, urban forestry) at the local level SME demand for credits generated locally Positive local impacts Willingness to pay a premium price €€€ “CarboMark” branding Pre-compliance Why a local voluntary market? SELLERS SIDEBUYERS SIDE

LIFE climate change seminar – Helsinki January 2010 Which mitigation actions? Demand for carbon offsets generated locally SUSTAINABLE FOREST MANAGEMENT LONG LIVED WOOD PRODUCTS URBAN FORESTRY

LIFE climate change seminar – Helsinki January 2010 Integrating mitigation to local planning Set up and propose protocols for good practice carbon offsetting Supervise and monitor market mechanisms to abate GHG emissions Define and propose economic opportunities from mitigation to landholders Involve policy makers in climate change actions

LIFE climate change seminar – Helsinki January 2010 Challenges & risks Level of interest among SME’s Local political support Involvement of policy makers Post-Kyoto agreements in the forest sector Willingness to pay a high price for credits t/CO2 price in the global market Keep the market working at the end of the project Scale up the model to other regions/countries

LIFE climate change seminar – Helsinki January 2010 Thank you for the attention Questions…? Contact points Maurizio Dissegna (lead partner, Italy) Silvia Stefanelli Elena Dalla Valle CarboMark - Improvement of policies toward local voluntary carbon market for climate change mitigation