Carbon Finance & Changing Project Financials. Bishal Thapa Managing Director, ICF International Nepal Power Summit September 2008

Transcription

1 Carbon Finance & Changing Project Financials Bishal Thapa Managing Director, ICF International Nepal Power Summit September 2008

2 Patagonia icfi.com Source: Greenpeace 2

3 Outline About ICF icfi.com 3

4 ICF Snapshot Overview Advisory-led consulting and implementation services Founded in 1969, Management buyout in 1999, and IPO in 2006 Global presence with 20 offices and headquarters in Washington DC area Over 3,000 staff world-wide; 40 in New Delhi Clients Advisory-led consulting and implementation services Founded in 1969, Management buyout in 1999, and IPO in 2006 CYE 2008 Global presence with 20 offices and headquarters in Washington DC area $ $ 695 million Over 2,500 staff world-wide New Delhi office opened February 2005 Approximate % of Revenues icfi.com 4

5 Globally recognized capabilities in climate change Verdantix, an independent research firm, names ICF as the leading climate change consulting firm in a survey of 16 firms icfi.com 5

6 ICF provides the full range of advisory services on carbon Emissions inventories and Carbon Footprints Carbon strategy and Value-at-Stake Analysis Carbon market analysis CDM and VER Carbon credit projects GHG mitigation policy analysis Voluntary programs for GHG reduction Carbon tools icfi.com 6

7 ICF is a carbon neutral company icfi.com 7

8 Outline Challenge of Climate Change Global Response Emerging Carbon Markets Opportunities for Nepal icfi.com 8

9 Sharp changes observed in global temperatures, sea levels and snow cover in recent times Changes in Temperatures, sea levels and Northern Hemisphere snow covers Global average temperature Global average sea level Northern hemisphere snow cover icfi.com 9 Source: IPCC

10 Framework for global response has been created icfi.com 10

11 A two part response is required Mitigation Sustainable pathways aimed at 50% reduction by 2050 from 1990 levels Adaptation Poor are most vulnerable to impacts of climate change In a a multilateral framework icfi.com 11

12 A vibrant carbon market has developed Financiers Project Developers Verifiers Registries Exchanges Aggregators Brokers Consumers Companies Governments NGOs icfi.com 12

13 Significant and growing volumes Volume and Value of Carbon Markets 80 4 billion US $ billion tco2e b US$ btco2e Source: State and Trends of Carbon Market, World Bank (2008 and 2007) icfi.com 13

14 Growing pool of carbon funds No of CPV Billion Euro Source: I. Cochran and B. Leguet, Carbon Investment Funds: The Influx of Private Capital, Mission Climat Caisse des Dépôts, 2007 (2008 is projected) Carbon Procurement Vehicle (CPV) Volume (B Euro) icfi.com 14

15 Emergence of carbon as a financial instrument KP Annex I icfi.com 15 Maps courtesy of used with permission / ICF Research

16 CDM under Kyoto Protocol has been the primary source for carbon credits icfi.com 16

17 Carbon could be an important source of revenue Carbon Revenue (Rs/Unit) Carbon Price: /tco2 icfi.com 17

18 Opportunities for Nepal Clean electricity generation Challenge: What are we displacing? Forestry Small scale industrial Unique value proposition Reductions with High Sustainability icfi.com 18

19 Carbon markets are bigger than just credits Maturing market with differentiated players What is your project? What is your need? Access to finance International capital or markets Technology Operation Risk Management icfi.com 19

20 Carbon revolution may be a bigger opportunity than the industrial revolution How are you poised? icfi.com 20

21 For More Information Bishal Thapa Headquarters: 9300 Lee Highway Fairfax, VA USA New Delhi 124 Janpath Thapar House New Delhi India icfi.com 21