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Initiatives and Markets

(Photo: Magharebia/flickr)

Non-State actors dialogue forum calls for practice-oriented mechanisms under Paris Article 6

Tackling climate change is a shared responsibility – not least for cities, for the private sector, and for public and private organisations. Many of these ‘non-State’ actors ex-changed ideas and experience in a series of dialogue workshops held in June and July on how to implement Article 6. The synthesis report from those workshops is now online. more

Providing Impetus - G7 initiate strategic dialogue on Carbon Markets

In the run-up to the upcoming Paris Climate Change Conference, Germany’s G7 Presidency presented a major opportunity to prominently put the important issue of climate change policy on the agenda this year. At the G7 Summit at Schloss Elmau in Germany, the G7 leaders acknowledged the need for urgent and concerted action to address climate change. Emphasising that decarbonisation of the global economy over the course of this century is required, the G7 leaders committed, among other things, to the long-term objective of applying effective policies and actions, including carbon market-based and regulatory instruments. In order to facilitate a worldwide low-carbon development path, the G7 leaders therefore decided to establish a political platform for strategic dialogue on these issues, and called on other countries to join them. more

Enhancing Greenhouse Gas Management in Tunisia

With annual per-capita emissions of about 4.1 tCO2e, Tunisia’s GHG emissions are still below the global average. Two pivotal elements of the Tunisian climate change activities are the development of a national climate strategy and the National Plan for Renewable Energy and Energy Efficiency (Tunisian Solar Plan), but the current lack of technical and institutional capacity for greenhouse gas monitoring and MRV is obstructing successful implementation of these activities. In the light of these challenges, GIZ, with the support of BMUB, is developing a robust greenhouse gas inventory for reporting under the UNFCCC as well as an MRV system for the NAMAs in the energy sector. more

Tapping Mitigation Potential at Multiple Levels

Cities are major contributors of greenhouse gas emissions. At the same time, sub-national authorities at provincial and local level have key powers in a number of relevant sectors such as waste management, buildings and transport. There is a need for subsequent involvement of these actors in the planning and implementation of NAMAs. The Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH, with funding from BMUB, has initiated the Vertically Integrated NAMA (v-NAMA) programme to develop a practical approach for integrating multiple levels of government in the process of NAMA design and implementation. more

Pilot New Market Mechanisms – A Partnership for Market Readiness

To overcome the limited net mitigation impact of the CDM, new market mechanisms were discussed under various terminologies until in 2011 parties agreed that a New Market Mechanism should be established under the UNFCCC. At the same time, a number of frontrunner countries are already introducing market-based instruments for climate protection in a bottom-up manner or planning to do so. The idea is to speed up the process and to be ready for a new climate change agreement once it enters into force. more

Overcoming Financial Obstacles and Developing Carbon Markets

The implementation of Programmatic market-based mitigation projects, such as CDM Programmes of Activities faces barriers. One particular problem developers face is the lack of seed funding. Against this background, BMUB initiated the Future of the Carbon Market Foundation and endowed it with financial resources of €10 million to support selected programmatic mitigation initiatives. Funding by the Foundation is usually provided in form of advance payments against future carbon revenues. more

Assisting the Implementation of Programmes of Activities: PoA Support Centre Germany

Against the backdrop of the technical and economic constraints in many countries, the Support Centre aims to foster the development of PoAs through capacity-building measures within local authorities and programme developers. A focus lies on activities with strong sustainable development impact in Least Developed Countries, especially in Sub-Saharan Africa. Yet the Support Centre also aims at supporting other innovative approaches which provide valuable inputs for the future development of carbon markets. more

Fostering Low-Carbon Investment in Africa

The African Carbon Asset Development Facility (ACAD) is a BMUB-supported partnership between the United Nations Environment Programme and its Risø Centre and Standard Bank. Since 2009 it has been working to alleviate barriers faced by African countries and especially African LDCs in attracting and hosting CDM projects not only refer to a lack of institutional capacity. ACAD supports transactional capacity-building activities for banks and investors and also provides seed funding to project developers. more

Expanding Carbon Markets

The Gold Standard is one of the major actors in the voluntary carbon market and has significant experience in developing top-down and bottom-up methodologies for the voluntary carbon market. In a three-year programme of work, BMUB commissioned The Gold Standard Foundation to develop new micro-scale methodologies for the voluntary carbon market: a set of innovative tools that lower entry barriers and allow for a scaling-up of clean energy/energy efficient activities in previously underrepresented regions. more

Strategies for Carbon Market Development through Standardised Baselines in African LDCs

To support a rural electrification in Ethiopia, BMUB commissioned Perspectives Climate Change GmbH and UNEP Risø to conduct a research project, “Strategies for carbon market development in African Least Developed Countries”. The aim of the project is to develop strategies and practical approaches to eventually enable sustainable development in LDCs through increased participation in carbon markets. more

The JIKO-Project - Research and Public Information Services

The Joint Implementation Coordination Unit (JIKO) within the German Environment Ministry coordinates diverse activities in the context of the two project-based mechanisms, CDM and JI. While the German Emissions Trading Authority (DEHSt) is in charge of the regulative and administrative side of international carbon markets and provides services regarding the application process for companies participating in climate protection projects, JIKO covers the policy and research side. JIKO further supports BMUB internally in developing carbon market initiatives and implementation of activities. more

Ensuring the Continuation of Mitigation Activities in the Midst of the Carbon Market Crisis – The World Bank’s Pilot Auctioning Facility

The current crisis of the carbon market puts many CDM projects at peril. To compensate for the current lack of demand and to ensure the continuation of emission reduction activities, the World Bank has created the Pilot Auctioning Facility for Methane and Climate Change Mitigation (PAF). This fund aims to collect USD 100 Million from institutional donors and has already achieved more than half of its goal through donations by Germany, Switzerland, Sweden, and the United States. The PAF will disburse the availbale funding through auctioning tradable put-options. A first such auction is scheduled for June 2015. more

Boosting Carbon Market Development in Key Regions: The Country Managers for the Global Carbon Market

With its CDM/JI Initiative, BMUB strengthens its collaboration with emerging and developing countries in this field and fosters involvement of German businesses in carbon reduction activities worldwide. As part of this initiative, BMUB has commissioned Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH to host Carbon Market Units in India, Brazil, Uganda and in the MENA region. more