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Russian Interest in the Kyoto Protocol and Market Mechanisms PEEER Moscow, Russia September 14, 2009 Egor Kotov.

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Presentation on theme: "Russian Interest in the Kyoto Protocol and Market Mechanisms PEEER Moscow, Russia September 14, 2009 Egor Kotov."— Presentation transcript:

1 Russian Interest in the Kyoto Protocol and Market Mechanisms PEEER Moscow, Russia September 14, 2009 Egor Kotov

2 Kyoto 1999 – Russia signed the Kyoto Protocol 2004 – Russia ratified the Kyoto Protocol EU ETS 2005-2008 – First trading period 2008-2012 – Second trading period

3 JI/AAU Country Ratings RankCountryRating AAU Rating Climate institutions Investment climate Project potential and status 1UkraineBBB+BBBA-BB-A+ 2RomaniaBBBBB-A-BBB-BBB 3PolandBB+BBB-BB-BBB+BBB- 4RussiaBBB BBBBB- 5HungaryBBBBB-B+BBB+BB 6New ZealandBBBAA-B 7BulgariaBBBBBBB-BBB 8EstoniaBBB-BB-BBBB 9Czech RepublicBB-BBBBBB+B+ 10BelarusCC+CCC-B-CCCC- Source: http://www.pointcarbon.com

4 Lagging Behind RankCountry Signed KP Ratified KP National Registry Legal Framework for Trade First permit 1Ukraine199920042008 no 2Romania19992001200720062008 3Poland19982002(2008)20042006 4Russia199920042006no 5HungaryN/A20022006N/A2006 6New Zealand 7Bulgaria19982002(2008)N/A2008 8Estonia199820022006N/A2005 9 Czech Republic 19982001200620042005 10BelarusN/A2005[2006]no N/AKazakhstan19992009N/A2008N/A

5 Checklist Assigned amount calculations Inventory submission National Registry ×National System

6 National system Emission allowance form (since 2007) ×Allowances allocation system ×Trade profits redirection scheme ×Renewable Energy Sources Act ×Emissions trading Act

7 Tradable amount 2007 bn t CO2 eq Base year emissions3.32 Most recent inventory 2.19 "Would be" reserve14.96Actual reserve10.96 "Would be" tradable amount 1.66 Actual tradable amount 5.65 Initial AAU16.62

8 Global Carbon Market € 82 bn in 2008 € 58 bn in 2009 € 467 bn in 2013 Source: SBI. 2009

9 Price for Russian carbon €85 billion at €15 per unit € 82 bn in 2008 € 58 bn in 2009 € 467 bn in 2013 World

10 No time to hesitate 2 years into 1 st commitment period Legislation stuck in 2007 39 months to go 144,9 million ton per month to sell

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