Transcript Slide 1

Private & Confidential
33 Asset Management - Ensuring Predictability
12 March 2011, Bonn
33 ASSET MANAGEMENT
Ensuring Predictability
Private & Confidential
• What’s working
– CDM/JI knowledge built
– Capacity building
– Infrastructure
• What is not working
– Uncertainty
– Subjective element
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•
Two approaches for project developers and investors to judge UNFCCC
– Thumbs up: Well done for setting it up and building the capabilities
(meths, DOEs, DNAs)
– Critical: reviews of projects and issuances, waiting times, uncertainty,
suspensions
•
What we need is: a little more “TLC” –transparency/Longevity/Certainty
& Consistency – (Deutsche Bank Climate Change Advisors)
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• Climate change will not disappear from the world’s agenda
• Concern/risk for UNFCCC
– IF the systems can not adjust with the increasing level of knowledge
within the UNFCCC
– IF such overhaul is not fully supported
– THEN the market will move on
• Bilateral agreements
• New carbon market mechanisms
• New auditing procedures
The market needs clarity to drive significant investment and subsequently large
amount of emissions reductions.
But the market will not wait indefinitely for changes to existing mechanism –it
will find alternative routes
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• Suggestions
– Use the existing knowledge built in the UNFCCC (EB, Meth panel,
DOEs, DNAs etc)
– Pre-select and approve project types per region (whitelists)
– Set clear PDD instructions per project type
– No further additionally tests (as project type is already pre-approved)
– Pure procedural check if project followed instructions before
registration
– Yearly verification to ensure environmental integrity
– Include project types like forestry and REDD to ensure volumes can be
achieved without N2O and HFC projects
Simple, clear for everybody, no subjective approvals
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• “Simplicity is the Ultimate Sophistication” by Leonardo Da Vinci
– Does not mean the problem is simple
– The UNFCCC has the unique capabilities and knowledge to really
change the mechanisms to make it simpler
– If it doesn’t do so, the market will increasingly look for and create
alternative mechanisms
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Contact
Walle Oppedijk van Veen
33 Asset Management
Commercial Manager
Tel: +31-(0)70-34 61 734
GSM: +31-(0)6-22317941
Email:
[email protected]
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