carbon finance meeting washington dc., nov 15, 2010
TRANSCRIPT
Carbon Finance MeetingCarbon Finance Meeting
Washington DC., Nov 15, 2010
The GEF can play a useful and growing role in emerging and developing carbon markets
GEF’s engagement with carbon finance has been sporadic.
New options will be explored under GEF-5 given Council guidance approval of Programming Document.
Context of the MeetingContext of the Meeting
Meeting GoalMeeting Goal
To exchange information and develop a common understanding of GEF’s role in the carbon markets
Objectives
To take stock of the GEF’s engagement in carbon finance
To explore options under GEF-5 to expand the work with carbon finance
To develop a common understanding between GEF Secretariat, Agencies, Council and other key stakeholders on the options available under GEF-5.
Prior ExperiencePrior Experience
GEF has engaged in projects with carbon finance components, for example:
India / Philippines / Indonesia Chiller Energy Efficiency Project – WBIndonesia Geothermal Power Generation Development Program - WBKyrgyzstan Small Hydro Power (SHP) Development – UNDPColombia Mechanism for voluntary mitigation of greenhouse gas emissions - IDB
In the FutureIn the Future
How to develop GEF’s engagement in the carbon markets ?
What are GEF’s added-value and comparative advantage in the context of carbon finance ?
What should be the boundaries to GEF’s intervention in this area ?
GEF’s added value in carbon finance could :GEF’s added value in carbon finance could :
Mitigate perceived risks to realize untapped opportunities
Promote innovative technologies and business models
Nurture new markets
GEF’s added value in carbon finance will not :GEF’s added value in carbon finance will not :
Take all the risks resulting from uncertainty of transactions, markets, and climate negotiations
Cover all transactions costs, including project documentation and development of methodology
Meeting DeliverablesMeeting Deliverables
Brainstorm new ideas and develop a common understanding on GEF’s involvement in carbon finance under GEF-5
Identify potential GEF carbon finance projects
- Using STAR funding or potentially Focal Area Set-Aside funding
Identify challenges and opportunities
Thank You!Thank You!
Dr. Robert Dixon
Leader, Climate and Chemicals Team
Email: [email protected]
Tel:1-202-473-2340
Website: www.TheGEF.org