Seminar on Domestic Offset Projects




                            Domestic offset projects
                  Some lesson...
Outline



■ The challenge of reducing non EU-ETS
  emissions
■ Key features of the French framework
■ Characteristics of ...
The challenge of reducing non EU ETS
                   emissions in France


■ The EU ETS           Proportion of nationa...
French emission reductions targets

■ Long term French commitments:
     “Facteur 4” = 75% reduction for the 6 GHGs in 205...
The timeline



                                  Regulatory
                         framework and first
       Report:  ...
Key features of the framework

■Based on JI Track 1
■Crediting period: 2008-2012
■Use of standard methodologies approved b...
Characteristics of approved projects

■ Industrial project developed by Rhodia :
    ■ HFC: 1 project, 1.7 Mt (Issue on th...
First feedback (1/2)

■ It works :
    ■ 9 projects approved, representing 14 MT of CO2
    ■ As of June 2010: 400 000 ERU...
First feedback (2/2)

■ CDM-like additionality is not adequate in a national
 context
■ Developing top-down methodologies ...
Prospects pre- and post-2012

 ■Pre-2012
     ■ More projects in the pipeline
     ■ How to streamline the process and red...
Thank you for your attention



 ■ For detailed information on French Domestic Projects,
  please visit the following webs...
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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

  1. 1. Seminar on Domestic Offset Projects Domestic offset projects Some lessons from the French experience Christian de Perthuis Dublin, 15 July 2010 1
  2. 2. 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
  3. 3. 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
  4. 4. 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
  5. 5. 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
  6. 6. 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
  7. 7. 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
  8. 8. 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
  9. 9. 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
  10. 10. 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, …)
  11. 11. 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

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