OPPORTUNITIES OF NEW GENERATION OF CREDITING FOR CITIES ALEXANDRINA PLATONOVA-OQUAB Session 2 - Crediting to support subnational actions Implications of the Paris Agreement for a New Generation of International Market Mechanisms Paris, France May 30 - July 1, 2016
22
Embed
OPPORTUNITIES OF NEW GENERATION OF CREDITING FOR CITIES 2... · OPPORTUNITIES OF NEW GENERATION OF CREDITING FOR CITIES ALEXANDRINA PLATONOVA-OQUAB Session 2 - Crediting to support
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
OPPORTUNITIES OF NEW GENERATION OF CREDITING FOR CITIES
ALEXANDRINA PLATONOVA-OQUAB
Session 2 - Crediting to support subnational actions Implications of the Paris Agreement for a New
Generation of International Market Mechanisms Paris, France
May 30 - July 1, 2016
To explore opportunities and challenges of scaled-up crediting for cities
u National urban policy makers playing a leading role in program design u Consolidated flow of international & domestic dedicated funds targeting
PPPs and private developers in cities u Aggregate performance indicators at the community level u Flexible choice of compliance options u Savings in costs of program management, MRV, quality control
Centralizedimplementa2onmodel:mainfeatures
Carbonfinance
MinistryofUrbanDevelopment&Transport
PolicyMRVNationalclimate
fund
Localbanks&Developmentinstitutions
PPPs&Privatedevelopers
Exantequantification
Eligibilityrequirements
Performanceindicators
Basedon
MexicoUrban
NAM
A
Climatefinance
Policyobjectives
Exantequantification
u National policy makers focusing on creation of demand and providing overall guidance
u Cities taking the lead on program design and prioritization of actions u Aggregate performance indicators at the level of city climate action plan u Increased requirements for cities (e.g., GHG inventory, MAC curves,
climate action plan)
Decentralizedapproach:mainfeatures
Basedon
Tha
iland
LCD
Pprog
ram
Otherbuyers
UrbanFund
UrbanmitigationProgram
MRV
Localbanks&Developmentinstitutions
Municipalities&Communities
Eligibilityrequirements
Domesticvoluntarymarket
Programobjectives
UrbanmitigationProgram
PerformanceindicatorsProgrammanagement
Guidance&coordination
Policy-drivenapproach:thecoreofinnova2on
Rational for crediting • Improved effectiveness through better compliance & enforcement
• Improved ambition/stringency of regulation • Accelerate deployment
Incentive scheme • Support developers’ costs of designing compliant buildings • Enhance the incentive structure of a policy • Provide maximize leverage with a focus on critical
enabling/operational barriers • Support policy maker’ cost of monitoring of impacts (MRV)
Quantification & MRV • Aggregate evaluation of impacts based on modelling
Performance indicators • Aggregate energy/GHG performance per major category of buildings
“Building codes”: supporting enforcement of ambitious policy
GHG standards for sustainable communities
Holistic actionsDiscrete actions
Territorial & transport policiesReduction of distance travel
Policy limiting personal vehicle use
Energy efficient appliances
Bus Rapid TransitCycling lines
Life-cycle optimization of waste management
Building codes
Renewable energy generation
Efficient street lighting
Waste recyclingLandfill
Covered by project-based crediting
Insights from Crediting programs & Emissions trading