Regional Collaboration Centre
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1 Regional Collaboration Centre Karla Solís Team Lead RCC St George s Regional Workshop of Capacity Building and Sharing Lessons in the development of NAMAs Havana, Cuba 3-5 July 2013 CDM Regional Collaboration Centre, St. George s
2 Outline CDM in the Caribbean region RCC initiative Activities for RCC Caribbean CDM Regional Collaboration Centre, St. George s 2
3 Background - Distribution of CDM registered projects By Region: Economies in transition: 0.7% Caribbean: 0.3%, 21 Africa: 2.7% Latin America: 11.3% Asia & Pacific: 85% PoAs All PoAs: 163 Africa: 47 (29%) Asia & Pacific: 85 (52%) Latin America: 31 (19%) * Data from 18/6/13 CDM Regional Collaboration Centre, St. George s 3
4 Key barriers to CDM in the Caribbean Low per-capita emissions-low source of emission reductions High transaction cost: PDD development, validation, etc. Lack of technical capacity in CDM Financing for investments and funding for CDM transactions costs Current status of the carbon market low demand CDM Regional Collaboration Centre, St. George s 4
5 Background to RCC initative UNFCCC initiatives to support CDM Adapting requirements for broader range of national/regional context a) Additionality: <5 MW automatic, positive lists of technologies b) Suppressed demand: default values c) Standardized baselines: Grid factors, Africa Assisting stakeholders a) Training activities and workshops: DNAs, DOEs, PPs b) CDM and DNA help desks c) CDM Loan Scheme: PDD, validation, verification d) Regional Collaboration Centres, RCCs CDM Regional Collaboration Centre, St. George s 5
6 The RCC initiative purpose and work areas Purpose: The RCCs aim to provide technical support to underrepresented in the CDM in order to increase attractiveness and potential for CDM. Technical support to: Identify potential CDM activities Assist activities in prior consideration, registration and issuance stages Propose positive list of technologies at national/regional levels. Develop standardized baselines CDM Regional Collaboration Centre, St. George s 6
7 Why technical support to CDM activities? CDM brings many co-benefits, such as employment, infrastructure development, improve air quality support sustainable development CERs can now be sold, not only in the compliance market, also in the voluntary market project developers can cancel their CERs from the CDM Registry Capacity development through the CDM has beneficial effects in other areas of climate mitigation such as NAMAs A reformed CDM can build a bridge between existing and emerging market mechanisms, such as NAMAs Rigorous monitoring and verification framework of the CDM can provide a powerful vehicle for disbursing results-based climate finance and for MRV framework development CDM Regional Collaboration Centre, St. George s 7
8 RCCs established globally RCC Lomé, Togo, January 2013 Banque Ouest Africaine de Développement, BOAD RCC Kampala, Uganda, May 2013 East African Development Bank, EADB RCC St. George s, Grenada, July 2013 Windward Islands Research & Education Foundation, WINDREF RCC Bogota, Colombia, 2013 Corporacion Andina de Fomento CDM Regional Collaboration Centre, St. George s 8
9 RCC St. George s: Initial targeted countries RCC St. George s Antigua & Barbuda Bahamas Barbados Belize Cuba Dominica Dominican Republic Grenada Guyana Haiti Jamaica St Kitts & Nevis St Lucia St Vincent & the Grenadines Suriname Trinidad & Tobago CDM Regional Collaboration Centre, St. George s
10 RCC St. George s: CDM pipeline Host Party Prior Consideration Pipeline - validation Registered CDM Belize Guyana Haiti Jamaica Suriname The Bahamas Trinidad & Tobago Cuba Dominican Republic TOTAL Data from 30/05/13 CDM Regional Collaboration Centre, St. George s 10
11 RCC St. George s role Work directly with stakeholders to address capacity constraints and to reduce transaction costs Provide technical support in CDM to project participants Serve as a hub for information on CDM opportunities and link project developers, service providers, funding agencies and carbon buyers CDM Regional Collaboration Centre, St. George s 11
12 RCC St George s activities for Stakeholder engagement RCC St George s Directory CDM potential in the Caribbean CDM project cycle Technical support to CDM activities Responses to CDM technical queries Policy input National/regional Increase high level awareness Regulatory (CDM Board) Simplified PDDs, default values to avoid ex-ante calculation (LFG) PoAs & Standardized baselines (SB) Renewable energy Regional grid emission factor Waste management SB for additionality -legislation CDM Regional Collaboration Centre, St. George s 12
13 Final remarks RCC initiative Supports directly CDM and indirectly other initives such as NAMAs, NMM, etc. Supports short (CDM) and long-terms (NAMAs) strategies for climate investment by enabling attractiveness Creates/strengths technical capacities Help us to help you in adding the carbon factor for potential mitigation activities in the Caribbean region CDM Regional Collaboration Centre, St. George s 13
14 ? Skype: rcc.stgeorges CDM Regional Collaboration Centre, St. George s
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