making the carbon market work for development finance

8/9/2019 Making the Carbon Market Work for Development Finance

1/36

Ainljk xbe @irodj Airnex {drn gdrAinljk xbe @irodj Airnex {drn gdrHewecdvaejx GljijèHewecdvaejx Gljijè

Ml{ij I`bir|iMl{ij I`bir|i

@claixe @bijke Pve`liclpx@claixe @bijke Pve`liclpx

Iplij Hewecdvaejx OijnIplij Hewecdvaejx Oijn

Oulchljk @ivi`lx| xd _epvdjh xd @claixe @bijke lj Pduxb IpliOulchljk @ivi`lx| xd _epvdjh xd @claixe @bijke lj Pduxb Ipli

?

IHO @irodj AirnexIHO @irodj Airnex

LjlxlixlweLjlxlixlwe

Xbe wle{p erveppeh lj xblp vepejxixldj ie xbe wle{p dg xbe iuxbd"p, ijh hd jdx jeèppilc| egce`x xbe wle{p d

vdcl`lep dg xbe Iplij Hewecdvaejx Oijn "IHO,# d lxp Odih dg Hle`xdp d xbe kdwejaejxp xbe| evepejx* IHO hdep

jdx kuiijxee xbe pduè# dlkljiclx|# i`ùi`|# `davcexejepp d ecliolclx| dg ij| pxixeaejx# ljgdaixldj# hixi# gljhljk#

ljxevexixldj# ihwlè# dvljldj# d wle{ vepejxeh# jd hdep lx aine ij| evepejxixldj `djèjljk xbe piae*


2/36

Ljhupxrlicl}eh @dujxr|

"Ijje O,

Ejxlx| IKBK Ealppldjp

Hewecdvljk @dujxr|

"jdj!Ijje O,

Ejxlx| O

Gljijè

Xe`bjdcdk|

"@ivi`lx| Oulchljk,

@HA @djèvx@HA @djèvx

@irodj @rehlxp

Vrdme`x I`xlwlx|

Ealppldj _ehu`xldj


3/36

Ljhupxrlicl}eh @dujxr|

"Ijje O,

Ejxlx| IKBK Ealppldjp

Hewecdvljk @dujxr|

"jdj!Ijje O,

Ejxlx| OVrdme`x I`xlwlx|

Ealppldj _ehu`xldj

Vi|aejx

@HA _eiclx|@HA _eiclx|

@irodj @rehlxp


4/36

@HA Pxixup@HA Pxixup

Xdxic ?#?78 vrdme`xp reklpxerehXdxic ?#?78 vrdme`xp reklpxereh ;5% lp grda Ipli ijh xbe Vi`lgl`;5% lp grda Ipli ijh xbe Vi`lgl` Dux dg xblp# dwer 506 vrdme`xp ire grda PduxbDux dg xblp# dwer 506 vrdme`xp ire grda Pduxb

IpliIpli

?266 vrdme`xp ix wiclhixldj# dux dg {bl`b?266 vrdme`xp ix wiclhixldj# dux dg {bl`bivvrdlaixec| 266 vrdme`xp grda Pduxb Ipliivvrdlaixec| 266 vrdme`xp grda Pduxb Ipli


5/36

@irodj Airnex@irodj Airnex

Xbe kcdoic irodj airnex lp eve`xeh xd rei`b 9?9olcccldjXbe kcdoic irodj airnex lp eve`xeh xd rei`b 9?9olcccldj

"UP(9;6olccldj, lj ?696# uv o| 00% grda ?66


6/36

Eudve@ijihiCike

Gljic

EalxxepEU!EXP

@HA $ ML vdme`xpWdcujxi| Ainex

MivijNelhijej

Wdcujxi|

Ikeeaejx

@@R

Dwe!Xbe!@dujxe

J]C EXPIUP EXP

IIU puvvc| wli Kreej Ljwepxaejx P`beae "KLP,4

_uppli# Unilje#

Gdae Eipxej Ocd`

`dujxlep

UP EXP4

9, Vrlair| `irodj `rehlx puvvc| wli Ealppldj _ehu`xldj Vur`bipe Ikreeaejxp "E_VIp,

?, Pe`djhir| xrihe elxber dj gdr{irh oiplp dr pvdx airnex

@@R 1 @bl`ikd @claixe E`bijke> @HA 1 @ceij Hewecdvaejx Ae`bijlpa> EXP 1 Ealppldjp Xrihljk P`beae

KBK 1 kreejbdupe kip> _KKL 1 _ekldjic Kreejbdupe Kip Ljlxlixlwe

@irodj Airnex= @HA lp djc| dje@irodj Airnex= @HA lp djc| dje

virxvirx


7/36

?665 ?667 ?66; ?662 ?66 jd ikreeh

ljxerjixldjic griae{drn |ex dj vdpx!?69?

Ci`n dg cdjk!xera vrlè plkjic xd klwe ljèjxlwe gdr

e`djdalep xd ljwepx lj cd{!ìrodj icxerjixlwep

Ci`n dg ljwepxaejx$eyulx| ìrodj airnex `djxrlouxljk

xd ìpb gcd{ dg ivvrdweh vrdme`xp# oux rirec| `djxrlouxe

xd vrdme`x gljij`ljk

Lppuep


9/36

4

\ei= ?66< 96 99 9? 90 98 95 97 9; 92 9< ?6 ?9

Vrdme`x

Ivvrdwic

Vrdme`x

@davcexldj

@i

rodj@rehlxW

dcuae

Lppue 9= Vdpx!?69?

Ge{ ou|erp

Ejh dg N|dxd @daalxaejxp

Ealppldj ehu`xldj vdxgdcld "e*k* 96 |ei veldh,


10/36

@rehlxp grda _eklpxereh Vrdme`xp@rehlxp grda _eklpxereh Vrdme`xp


11/36

Pdurè= UJEV _lpd @ejxre

Lppue ?= @HA djc| vrdwlhep ihhlxldjicLppue ?= @HA djc| vrdwlhep ihhlxldjic

ìpb gcd{ xd vedvce {lxb adje| lj xbeìpb gcd{ xd vedvce {lxb adje| lj xbeglrpx vciè4glrpx vciè4Xdv `dujxlep o| lppueh @E_p

6*6

96*6

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06*6

86*6

56*6

76*6

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@blji

Ljhli

Pduxb

Ndrei

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lccldjpdglppueh@E_p

6%96%

?6%

06%

86%

56%

76%

;6%

26%


12/36

VrdkriaaeVrdkriaae dg I`xlwlxlep "VdI,dg I`xlwlxlep "VdI,

Paicc!pìce @HA "PP@, vrdme`xpPaicc!pìce @HA "PP@, vrdme`xp

ikkrekixeh ip i pljkce @HA vrdme`xikkrekixeh ip i pljkce @HA vrdme`x

0 VdIp reklpxereh pd gir ? recixeh xd0 VdIp reklpxereh pd gir ? recixeh xdbdupebdch ejerk| eggl`lej`| "EE,$bdupebdch ejerk| eggl`lej`| "EE,$

clkbxljk ijh 9 aexbije iwdlhijèclkbxljk ijh 9 aexbije iwdlhijè

85 lj xbe vlveclje oux mupx 99 grda Pduxb85 lj xbe vlveclje oux mupx 99 grda Pduxb

IpliIpli


13/36

Paicc!pìce @HA "PP@, Vrdme`xpPaicc!pìce @HA "PP@, Vrdme`xp

Vrdme`xp x|vep xbix ìj oe eclkloce ip PP@ ire=Vrdme`xp x|vep xbix ìj oe eclkloce ip PP@ ire=X|ve L= _eje{ioce ejerk| vrdme`xp {lxbX|ve L= _eje{ioce ejerk| vrdme`xp {lxb

ailaua duxvux ìvi`lx| dg uv xd 95 A[ailaua duxvux ìvi`lx| dg uv xd 95 A[

"dr ij ivvrdvrlixe eyulwicejx,"dr ij ivvrdvrlixe eyulwicejx,

X|ve LL= Eggl`lej`| lavrdweaejxp vrdme`xpX|ve LL= Eggl`lej`| lavrdweaejxp vrdme`xp{bl`b rehuè ejerk| `djpuavxldj o| ij{bl`b rehuè ejerk| `djpuavxldj o| ij

eyulwicejx dg 76 K[b $|reyulwicejx dg 76 K[b $|r

X|ve LLL= Dxber vrdme`x i`xlwlxlep xbix rehuèX|ve LLL= Dxber vrdme`x i`xlwlxlep xbix rehuè

ealppldjp o| cepp xbij 76 nx dg @D?e$|realppldjp o| cepp xbij 76 nx dg @D?e$|r


14/36

Ihhlxldjiclx| gdr vrdme`xp 3 5A[ ' EEIhhlxldjiclx| gdr vrdme`xp 3 5A[ ' EEvrdme`xp {lxb ejerk| piwljkp 31?6 K[Bvrdme`xp {lxb ejerk| piwljkp 31?6 K[B

ver |eirver |eir"9,"9,

Iuxdaixl` ihhlxldjiclx| xd reje{ioce ejerk| vrdme`xp uvxd 5A[# puome`x xd ix ceipx 9 dg xbe gdccd{ljk `djhlxldjp=cd`ixeh lj CH@p$PLHp dr pve`lic ujherhewecdveh }djecd`ixeh lj CH@p$PLHp dr pve`lic ujherhewecdveh }djedgg krlh i`xlwlx| puvvc|ljk ejerk| xd bdupebdchp$dgg krlh i`xlwlx| puvvc|ljk ejerk| xd bdupebdchp$

`daaujlxlep`daaujlxlep

hlpxrlouxeh ejerk| kejerixldjhlpxrlouxeh ejerk| kejerixldjreje{ioce ejerk| xe`bjdcdklepreje{ioce ejerk| xe`bjdcdklepre`daaejheh o| xbe HJI ijh ivvrdweh o| EO ipre`daaejheh o| xbe HJI ijh ivvrdweh o| EO ip

ihhlxldjic lj xbe bdpx `dujxr|ihhlxldjic lj xbe bdpx `dujxr|


15/36

Ihhlxldjiclx| gdr vrdme`xp 3 5A[ 'Ihhlxldjiclx| gdr vrdme`xp 3 5A[ 'EE vrdme`xp {lxb ejerk| piwljkpEE vrdme`xp {lxb ejerk| piwljkp

31?6 K[B ver |eir "?,31?6 K[B ver |eir "?,

Ij duxpxijhljk hewecdvaejx ip lx readwep iIj duxpxijhljk hewecdvaejx ip lx readwep i

plkjlgl`ijx oirrler xd hewecdvljk blkb yuiclx|# oux paiccplkjlgl`ijx oirrler xd hewecdvljk blkb yuiclx|# oux paicc

reje{ioce ejerk| vrdme`xp*reje{ioce ejerk| vrdme`xp*

@dujxrlep lj Pduxb Ipli pbduch xine xbe oejeglx dg xblp@dujxrlep lj Pduxb Ipli pbduch xine xbe oejeglx dg xblp

hewecdvaejx xd reklpxer adre PP@ vrdme`xp*hewecdvaejx xd reklpxer adre PP@ vrdme`xp*


16/36

@dujxr|$pe`xdr clalxixldj= `@dujxr|$pe`xdr clalxixldj= `djxrlouxljkdjxrlouxljk

ìupepìupep

Gdùp dj cd{ bijkljk grulx Clalxeh ìvi`lx| lj bdpx `dujxrlep

_epxrl`xldj lj ljxerjixldjic rucep "ìrodj ìvxure# iwdlheh

hegdrepxixldj# xrijpvdrx4,

Ci`n dg gljijè gdr KBK rehu`xldj oejeglxp Adpx ou|erp dgger vi|!dj!heclwer| `djxri`xp

Pdae dgger uvgrdjx vi|aejx oux {lxb pxrl`x vejicxlep gdr ujher!heclwer|

Pu`b p`beaep hd jdx pbire vrdme`x rlpnp reailjp icadpx ejxlrec| {lxb

vrdme`x pvdjpdrp

Vrdme`xp beiwlc| pne{eh xd{irhp `dujxrlep$pe`xdrp icreih| {lxb ìvlxicijh$dr giwdrioce xd gdrelkj hlre`x ljwepxaejx


17/36

IHO _epvdjpe=IHO _epvdjpe=@irodj Airnex Ljlxlixlwe@irodj Airnex Ljlxlixlwe


18/36

9*9* Ujherc|ljk Gljij`e=Ujherc|ljk Gljij`e=

_uj!dg!_lwer B|hrd Vd{er Vrdme`x_uj!dg!_lwer B|hrd Vd{er Vrdme`x


19/36

9* Ujherc|ljk Gljijè= Djkdljk9* Ujherc|ljk Gljijè= Djkdljk

vrdme`xp "piavce,vrdme`xp "piavce,@dujxr| Vrdme`x X|ve

Ljhdjepli Kedxberaic vd{er

Ljhli [ljh vd{er

Cid# VH_ Paicc b|hrdvd{er

Oijkcihepb [ipxe davdpxljk@blji# V_ Kedxberaic pviè beixljk

Vinlpxij B|hrdvd{er

Vblclvvljep Ejerk|!piwer ouco hlpxrlouxldj

Xbilcijh Oldaipp vd{er

Adjkdcli Odlcer eggl`lej`| lavrdweaejx

U}oenlpxij Paicc b|hrdvd{er

@blji# V_ Uroij xrijpvdrx p|pxea


20/36

Uvpxreia puvvdrx lj vrdme`x vrevirixldj vbipe

Hue hlclkejè= xe`bjlìc# gljij`lic# cekic# pigekuirhp# kdwerjijè

@ivi`lx| oulchljk xriljljkp

@irodj `rehlx wicuixldj

Hdùaejxixldj vrevirixldj gdr `rehlxp "VLJ# VHH# aexbdhdcdk|,

Doxiljljk bdpx `dujxr| ivvrdwicp

Gi`lclxixljk vrdme`x Wiclhixldj ' _eklpxrixldj

Hd{jpxreia puvvdrx lj vrdme`x eeùxldj ijh `daaer`licl}ixldj Lavceaejxixldj $ `daalppldjljk

Adjlxdrljk ' Werlglìxldj

@erxlglìxldj ' Lppuijè dg @E_p xd pvdjpdr$hewecdver ' gujh

?* Xe`bjlìc Puvvdrx gdr @HA


21/36

0* @rehlx Airnexljk Perwl`e0* @rehlx Airnexljk Perwl`e


22/36

Ipli Vi`lgl` @irodj Gujh "IV@G, gdr `rehlxp uv xd ejh

dg ?69?# ijh Guxure @irodj Gujh "G@G, gdr vdpx!?69?

@d!gljijèp vrdme`xp icdjkplhe IHO xd becv glcc vrdme`x

gljij`ljk kiv

Vur`bipe dg `rehlxp kejerixeh grda jd{ uv xd ?6?6

@ij vur`bipe ?5!;5% dg eve`xeh ìrodj `rehlxp dj

uvgrdjx vi|aejx oiplp ijh xbe reailjljk `rehlxp wli

vi|aejx dj heclwer|

Cd{er xrijpi`xldj `dpx lg heox$eyulx| gljij`ler lp IHO

8* @irodj @d!Gljijè= @irodj Gujhp


23/36

\eir= 6 9 ? 0 8 5 ; 2

@daaer`lic Dverixldj

Pxijhirh

Vi|!dj!Heclwer|

9*@irodj@rehlxp

IHO Adhiclx|

IHOp Ixxeavx= Xujljk @ipb Gcd{

ljxd Gljij`ljk

HewecdvaejxVrdme`x vbipe=

?*

($

Gljij`ljk @ipb Gcd{ 9*Xe`bIppx

9*

($

?*@irodj@rehlxp


24/36

@irodj Airnex Ljlxlixlwe

@irodj Gujhp


25/36

Ejerk| Eggl`lej`| Ljhupxrlic xe`bjdcdk| Puvvc|!plhe eggl`lej`| "e*k* uvkrihe dg kejerixldj eyulvaejx,

_eje{ioce Ejerk| Oldaipp ejerk| Paicc xd alh!p`ice ruj!dg!rlwer b|hrdvd{er [ljh vd{er Kedxberaic vd{er

Aexbije @ivxure ijh Uxlcl}ixldj @dicalje aexbije Aujl`lvic {ipxe aijikeaejx "cijhglcc aexbije,

Piavce @AL Vrdme`x X|ve


26/36

Piavce Vrdme`x Gljij`ljk Vcij

IHOVdme`x {lxb KBK Ioixeaejx

Lccupxrixlwe Gljij`ljk Vcij ! Heox

Pdurè dg Gljijè %

@iodj @ehlxp@iodj @ehlxp

"dwer ; xd ?9 |rp,

Ihhlxldjic NV9 @rehlxp@rehlx

AirnexljkGi`lclx|

Ihhlxldjic vdpx!?69? @rehlxp

@rehlxp kejerixeh oe|djh ?69?

Glpx

vdpx!?69?`rehlxp

@rehlxp uv xd ejh dg ?69? "NV9,

Glpx

NV9

`rehlxp

Ipli Vi`lgl`@irodj Gujh

IHO Cdij Gljijè

IV@GDxberp

Xdxic

56

9686

966

GuxueGuxue@iodj Gujh@iodj Gujh

56

9696

06

966

IHO Cdij Gljijè

IV@GGuxue @iodj Gujh

Dxberp

Xdxic


27/36

Lavi`x dj vrdme`x gljijè= Eiavce 9Lavi`x dj vrdme`x gljijè= Eiavce 9

_uj!dg!_lwe B|hdvd{e vcijx

Ealppldj ehu`xldjp ijh ìodj èhlx wicue

Ijjuic @E_p Xdxic @E_p Xdxic @E_p

?696!?6 uv xd ejh!?69? Vdpx ?69?

Ealppldjp rehu`xldj "x@D?e, 908#299 868#800


28/36

Lavi`x dj vrdme`x gljij`e= Eiavce ?Lavi`x dj vrdme`x gljij`e= Eiavce ?

[ljh Vd{e vdme`x



?696!?6 uv xd ejh!?69? Vdpx ?69?

Ealppldjp rehu`xldj "x@D?e, 70#;


29/36


Paicc [ipxe!xd!Ejek| vdme`xp



?696!?6 uv xd ejh!?69? Vdpx ?69?

Ealppldjp rehu`xldj "x@D?e, 80#286 909#5?6 067#226

Vdxejxlic rewejue

(5$xdj ?9


30/36


Oldaipp "l`e bupn, Vd{e vdme`x



?696!?6 uv xd ejh!?69? Vdpx ?69?

Ealppldjp rehu`xldj "x@D?e, 8?6#666 9#?76#666 ?#


31/36

@irodj Airnex Oe|djh ?69?@irodj Airnex Oe|djh ?69?

Heaijh ijh puvvc| lj xbe guxure `irodjHeaijh ijh puvvc| lj xbe guxure `irodj

airnexp lp eve`xeh xd oe xbere*airnexp lp eve`xeh xd oe xbere*

Hexeraljeh o| hdaepxl` ijh rekldjicHexeraljeh o| hdaepxl` ijh rekldjicealppldjp rehu`xldjp vdcl`lep xbix {lccealppldjp rehu`xldjp vdcl`lep xbix {lcc

hewecdv rekirhcepp dg {bix bivvejp ljhewecdv rekirhcepp dg {bix bivvejp lj

xbe kcdoic pxike# e*k*# xbe EUEXP {lccxbe kcdoic pxike# e*k*# xbe EUEXP {lcc

pxlcc `djxljue xd kejerixe @HA `rehlxpxlcc `djxljue xd kejerixe @HA `rehlxheaijhp vdpx ?69?*heaijhp vdpx ?69?*


32/36

Vdpx ?69? JekdxlixldjpVdpx ?69? JekdxlixldjpIcxbdukb lj`dj`cuplwe dg i kcdoic jekdxlixldj# xbe @DV95Icxbdukb lj`dj`cuplwe dg i kcdoic jekdxlixldj# xbe @DV95

headjpxrixeh i kejerl` puvvdrx xd @HA*headjpxrixeh i kejerl` puvvdrx xd @HA* Pdae i`bleweaejxp dg @DV 95=Pdae i`bleweaejxp dg @DV 95=wirldup @HA regdrap {lxb pve`lic gd`up dj vrdadxljkwirldup @HA regdrap {lxb pve`lic gd`up dj vrdadxljk

vrdme`xp lj ujher revrepejxeh `dujxrlep>vrdme`xp lj ujher revrepejxeh `dujxrlep>

aij| jixldjp vcehkeh ealppldj `daalxaejxp> xbepeaij| jixldjp vcehkeh ealppldj `daalxaejxp> xbepe`dujxrlep i``dujx gdr pdae ijh`dujxrlep i``dujx gdr pdae ijh

ordukbx reje{eh ixxejxldj xd gdrepx vreperwixldj#ordukbx reje{eh ixxejxldj xd gdrepx vreperwixldj#xe`bjdcdk| xrijpger ijh gujhljk gdr hewecdvljk `dujxrlep*xe`bjdcdk| xrijpger ijh gujhljk gdr hewecdvljk `dujxrlep*

IHOIHO reailjp bdveguc xbix ij ikreeaejx {lcc oe rei`behreailjp bdveguc xbix ij ikreeaejx {lcc oe rei`behrepucxljk xd i kcdoic griae{drn*repucxljk xd i kcdoic griae{drn*


33/36

Vdpx ?69?Vdpx ?69? JekdxlixldjpJekdxlixldjpUvhixe "9,Uvhixe "9,

Ljxerjixldjic jekdxlixldjp lp ip `biccejkljk ip ljLjxerjixldjic jekdxlixldjp lp ip `biccejkljk ip lj?66


34/36

Dj vdpx ?69? griae{drn# xbe Pe`rexirlix bipDj vdpx ?69? griae{drn# xbe Pe`rexirlix bipoeej ipneh xd lhejxlg| dvxldjp ijh vdpploceoeej ipneh xd lhejxlg| dvxldjp ijh vdpplocepdcuxldjp lj ìpe xbere lp i kiv oex{eejpdcuxldjp lj ìpe xbere lp i kiv oex{eej?662!9? ijh puopeyuejx `daalxaejx?662!9? ijh puopeyuejx `daalxaejx

verldhp*verldhp*Xblp pejhp i vdplxlwe plkjic xd xbe airnexXblp pejhp i vdplxlwe plkjic xd xbe airnexvci|erp*vci|erp*

Xblp ai| lavc| xbix pdae pdcuxldjp `duch oeXblp ai| lavc| xbix pdae pdcuxldjp `duch oegdujh gdr xbe gceloce ae`bijlpap xdgdujh gdr xbe gceloce ae`bijlpap xd

`djxljue lj pdae gdra ujxlc ij ikreeaejx lp`djxljue lj pdae gdra ujxlc ij ikreeaejx lprei`beh*rei`beh*

Xbere ire pveùcixldjp xbix jekdxlixldjp {lccXbere ire pveùcixldjp xbix jekdxlixldjp {lccadpx clnec| `djxljue xbrdukbdux ?696 ijh ixadpx clnec| `djxljue xbrdukbdux ?696 ijh ixceipx ujxlc xbe ejh dg ?699*ceipx ujxlc xbe ejh dg ?699*

Vdpx ?69? Jekdxlixldjp Uvhixe "?,Vdpx ?69? Jekdxlixldjp Uvhixe "?,


35/36

@erxilj gujhp xdhi|# gdr `daadhlx| {lxb ujèrxilj wicue

lj xbe guxure

_ehuèh ouhkex `daalxaejxp xd `cdpe xbe gljij`ljk

vcij dg vrdme`xp

@davrebejplwe xe`bjlìc ijh lavceaejxixldj puvvdrx

Exri `rehlxp grda pu`èppguc vrdme`x lavceaejxixldj

ìj oe airnexeh {lxb IHO puvvdrx gdr gurxber gljij`lic

uvplhe

@AL Puaair|= Ailj Ihwijxikep gdrVrdme`x Hewecdverp$Pvdjpdrp


36/36

XBIJN \DU)Ml{ij I`bir|i

Pupxiljioce Ljgripxru`xure Hlwlpldj

Xec= .70 ? 70? 7?6;mi`bir|iFiho*drk
mailto:[email protected]:[email protected]

making the carbon market work for development finance

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