Transcript Climate Change Will Hinder Efforts Made to Alleviate

Carbon Sequestration as a Vehicle for MultiStakeholder Participation in Realizing the
Millennium Development Goals
JP Leous
Neal Parry
Lyndon Valicenti
Nicole Cosmann
Kate Faulhaber
Mario Lopez-Alcala
Armando Rodriguez
World Bank Institute
Washington D.C., 22 May 2006
Overview
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Background
Carbon Sequestration Projects
Participating Parties
Case Studies
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Geologic Sequestration in Algeria
Reforestation in Uganda
Soil Sequestration in Sub-Saharan Africa
Multinational Corporations (MNCs) as Drivers
Conclusion
Background
“The impacts of climate change will fall disproportionately upon
developing countries and the poor persons of all countries, and
thereby exacerbate inequities in health status and access to
adequate food, clean water, and other resources.”
Intergovernmental Panel on Climate Change, 2001
Africa and the Millennium Development Goals (MDGs)
Carbon Sequestration
• Kyoto Protocol’s Clean
Development Mechanism
• Sequestration Methodologies
– Geologic
– Forestry
– Soil Organic Carbon
• Potential Co-benefits
Our Hypothesis: (1) Carbon
Sequestration as a Vehicle
Carbon sequestration
projects can be a vehicle to
bring MNCs and host
countries into collaboration
with the benefit of moving
toward the MDGs and
environmental protection.
Reasons Behind Participation
Multinational Corporations
• Near and Long-term Returns
– Carbon markets
– Anticipation of future
regulations
• Corporate Social Responsibility
Host Countries
• Millennium Development Goals
– Socio-economic development
– Ecosystem services
– Public-private partnerships
Our Hypothesis: (2) MNCs as Drivers
MNCs can drive
improvements in the
various stages of
sequestration project
development.
Case Studies
Africa
Registered Projects
under the CDM
by Region
(UNFCCC, 2006)
Asia & the Pacific
Other
Latin America &
the Caribbean
1.
Geologic Sequestration in Algeria
2.
Reforestation in Uganda
3.
Soil Sequestration in Sub-Saharan Africa
Geologic Sequestration in Algeria
BP in Algeria, Carbon Capture and Storage
• Leader in geo-sequestration technology
• Non-exclusive: Profits & Corporate Social Responsibility
• Limited Direct Co-benefits
Reforestation in Uganda
Clean Air Action Corporation in Uganda, Small Group Tree Planting
• Leader in building local capacity for agro-forestry
• Co-benefits:
• Increased income of local farmers
• Increased ecosystem services
• Technology transfer
Soil Sequestration in SubSaharan Africa
• Emerging methodology
• Potential Co-benefits:
• Increased soil fertility and productivity
• Increased food security
• Decreased desertification
Discussion
MNCs can be drivers for:
1. The improvement of carbon sequestration mechanisms
2. Building the capacities of African host countries
3. Paving the way for additional firms to participate in
development-focused sequestration projects
The Potential of MNC Leadership
Conclusion
Climate Change Will Hinder Efforts Made to Alleviate Poverty.
The Scope of Issues Necessitate Leadership.
MNCs have the Resources and Expertise to Lead.
Time to Act is Now!
Photo Credits
Diagram by Rick Valicenti THIRST
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