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Domestic offset projects: some lessons from the French Experience - Christian de Perthuis  - July 15th 2010
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Domestic offset projects: some lessons from the French Experience - Christian de Perthuis - July 15th 2010

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Domestic offset projects: some lessons from the French Experience - Christian de Perthuis  - July 15th 2010 Domestic offset projects: some lessons from the French Experience - Christian de Perthuis - July 15th 2010 Presentation Transcript

  • Seminar on Domestic Offset Projects Domestic offset projects Some lessons from the French experience Christian de Perthuis Dublin, 15 July 2010 1
  • Outline ■ The challenge of reducing non EU-ETS emissions ■ Key features of the French framework ■ Characteristics of approved projects ■ First feedback ■ Prospects pre- and post-2012 2
  • The challenge of reducing non EU ETS emissions in France ■ The EU ETS Proportion of national CO2 emissions covered by the EU ETS covers: 70% 51% of 60% European 50% CO2 emissions 40% 30% 32% of 20% French CO2 emissions 10% (24 % of all 0% Allemagne Italie EU27 UKUK Pologne Espagne France German France Poland GHG Spain Italy y emissions) Source: Mission Climat of Caisse des Dépôts. 3
  • French emission reductions targets ■ Long term French commitments: “Facteur 4” = 75% reduction for the 6 GHGs in 2050 compared to 1990 ■ Kyoto short term targets: a long position in 2012 Kyoto targets: to stabilize GHG emissions at 1990 levels by 2012 An observed reduction of around 7 % between 1990 and 2008 Recession impacts: CO2 emissions expected to decline by 8% in 2009 compared to 2008. ■ Energy-Climate Package targets in non EU-ETS sectors: At the European level: 10 % compared to 2005 In France: 14 % compared to 2005 4
  • The timeline Regulatory framework and first Report: methodologies Domestic approved offset projects Caisse des Dépots Seven more in France request for projects First two projects projects approved approved 2005 2006 2007 2008 2009 2010 2013 ? 5
  • Key features of the framework ■Based on JI Track 1 ■Crediting period: 2008-2012 ■Use of standard methodologies approved by the French DNA ■Proof of additionality – financial and/or barriers ■Determination and verification by UNFCCC- accredited auditors ■Issuance of ERUs / 90% of verified emission reductions ■Bundling of projects is allowed 6
  • Characteristics of approved projects ■ Industrial project developed by Rhodia : ■ HFC: 1 project, 1.7 Mt (Issue on the National Inventory) ■ N2O: 4 projects, 9.3 Mt ■Projects developed with Caisse des Dépôts : ■ N2O : 1 project with Areva, 0.9 MT ■ Fuel switching (biomasse) : 2 projects, Coop de France (Agriculture), FNB (wood industry), 0.7 MT ■ Energy efficiency : 1 project Coop de France 7 (Agriculture), 0.3 MT
  • First feedback (1/2) ■ It works : ■ 9 projects approved, representing 14 MT of CO2 ■ As of June 2010: 400 000 ERUS issued ■ Delays were longer than expected ■ Regulatory framework (two years) ■ Methodologies: overlapping with other policies (case of the transportation project in Lille) ■ Scarcity of French-speaking auditors ■ Need for terms of reference for auditors 8
  • First feedback (2/2) ■ CDM-like additionality is not adequate in a national context ■ Developing top-down methodologies was sometimes useful ■ Success for energy ■ Failure for methane digesters and HFC in the retailing sector ■ Bundling is useful ■ Short timeframe: 2008-2012 9
  • Prospects pre- and post-2012 ■Pre-2012 ■ More projects in the pipeline ■ How to streamline the process and reduce transaction costs? ■Post-2012 ■ Possibility to extend crediting period (JI or other mechanism such as Art. 24a)? ■ Bundling and programmatic approaches ■ How to integrate domestic offsets within existing policies and tools? (cases of building efficiency standards, feed in tariffs, carbon tax, public 10 transportation, …)
  • Thank you for your attention ■ For detailed information on French Domestic Projects, please visit the following websites : http://www.developpement-durable.gouv.fr/ http://www.caissedesdepots.fr/ ■For general information on Economics on Climate, please visit our website : http://www.prec-climat.org/ 11