Transcript International Policy on Climate Change

Climate Change and Finance for Small and
Medium-sized Enterprises
Sofia, Bulgaria
9 October 2013
International Policy on Climate
Change
Diana Todorova
Climate Change Policy Directorate
Ministry of Environment and Water
T: +359 2 940 61 83
e-mail: [email protected] .bg
International Agreements
• United Nations Framework Convention on
Climate Change
• Kyoto Protocol
Participation of Bulgaria in International
Policy on Climate Change (1)
• Statute
• Commitments:
- To prepare an annual greenhouse gas inventories;
- To prepare and submit National Communications to the
Convention – Fifth National Communication submitted and
evaluated;
- To develop and implement National Action Plan on Climate
Change – Third National Plan is already developed and operational;
- To establish a National Registry of greenhouse gas emissions;
- To establish national system for the estimation of anthropogenic
greenhouse gas emissions.
Participation of Bulgaria in International
Policy on Climate Change (2)
• Kyoto Protocol target
• Participation in the Flexible Mechanisms of the
Kyoto Protocol
- Joint Implementation
- International Emissions Trading
Key Questions in International
Climate Negotiations:
• Implementation of Kyoto Protocol’s second commitment
period;
• Development of “a protocol, another legal instrument or
an agreed outcome with legal force” by 2015 at the
latest;
• Enhancing pre-2020 mitigation ambition level;
• Climate finance.
Second Commitment Period of the Kyoto
Protocol
• Commitment period: 1 January 2013 г. - 31
December 2020
• EU, Norway, Switzerland, Australia, Monaco,
Liechtenstein, Iceland, Belarus, Kazakhstan,
Ukraine
• Bulgaria is entering in the second commitment
period of the Kyoto Protocol as a member of the
EU.
Durban Platform for Enhanced
Action
• New global agreement on climate change:
- legal form
- content
- scope
- structure
- commitment period
• Enhancing pre-2020 mitigation ambition
National Green Investment
Scheme (NGIS)
Legal framework
• Environmental Protection
- Assigned amount units (AAU) as subject of sale;
- Objectives;
- Procedures for sale;
- Off-budget account;
- Responsible institutions:
-Ministry of Environment and Water;
-Ministry of Finance;
-Ministry of Economy and Energy;
-National Trust Ecofund (NTEF)
- Participation of the buyers in the NGIS.
• Regulation governing the management, structure and activities
of the National Trust Eco Fund
Principles of Greening
• Revenues – only for green projects under NGIS
• Eligible projects
• Grant funding with different conditions depending on the
project types
•
National Trust Ecofund
• “Debt for Environment” SWAP Agreement
between Bulgarian and Switzerland, 1995 г.;
• Independent institution
• 100 environmental projects funded
• 25 millions BGN spent
AAUs Deals
NGIS Projects
•
Agreements for the sale of AAUs
1) October 2011
2) April 2012
•
Projects funded
1) 37 public projects
2) 5 private projects
Thank you for your attention!