Presented at the 4th Global Infrastructure Basel Summit 21 & 22 May 2014. Read more about the world leading platform for Sustainable Infrastructure Finance at www.gib-foundation.org. Next Summit: 27 & 28 May 2015 in Switzerland

1. 0
Financing Sustainable Urbanization,
Resilience and Adaptation

2. 1
Session parameters
• How can investment decisions for urban infrastructure be
improved by city-wide coordination and connection?
• How can international climate finance mechanisms be tapped to
finance resilience?
• How can household, commercial and communal assets be created
and leveraged by implementing and improving transit systems
and stations in cities?

3. 2
Agenda
• Who are we, what do we do and our focus areas
• Experience and evidence
• Applications and examples
Global climate and development goals
will not be achieved without addressing
inequality of access and opportunity

4. 3
The Gold Standard Foundation
• Established by WWF to define, demonstrate & drive best practice in
in climate & development finance - on behalf of civil society
• Now endorsed by more than 80 international NGOs
• Creating trust to drive investment
• Assurance of asset integrity & sustainable development impact
• Differentiating transformational change from incremental change
• More than 1000 projects in 50 countries undergoing certification
• Gold Standard approach legislated by Switzerland
• Used by the UN and NGOs to finance their own activities

5. 4
The Gold Standard approach
• Maximise the impact of every dollar
• Review & assurance of design, implementation and management
– Detailed, transparent Project Design Documents
– Pre-feasibility Assessment
– Local Stakeholder Consultations
– Do No Harm Assessment
– Sustainable Development Matrix
– Opportunity for civil society to review and input to projects
– Regular, independent audits of project outcomes
• Certified impacts
– Transferable Gold Standard certificates or result-based payments
• Applied to regulatory schemes and philanthropic activities

6. 5
Best in class partners

7. 6
Carbon markets as a financial transfer mechanism

8. 7
What value a the broader focus?
SOCIAL
ECONOMIC &
TECHNOLOGY
ENVIRONMENTAL

9. 8
Capture, quantify & financially value the benefits
of Gold Standard projects beyond carbon
The Brief:
Towards Paris 2015 – To demonstrate the impact
investment of strong, effective climate action
The
Rationale:
109 Gold Standard certified projects with verified
co-benefits, plus ‘deep dive’ case studies
The
Evidence:
The Economics of Ecosystems and Biodiversity
(TEEB), the System of Environmental-Economic
Accounting (SEEA) and the Social Return on
Investment (SROI) methodology.
The Tools:

10. 9
Identifying the benefits beyond carbon
SOCIALECONOMICENVIRONMENTAL SOCIO-ECONOMIC
Biodiversity Balance of
Payments
Employment Livelihood Health Impacts
Afforestation /
Reforestation
Hectares of forest
created/preserved
Agroforestry
employment
Wind Savings in fossil
fuel imports
Construction
& Operation
Cookstoves Manufacturing
and distribution
Financial
savings from
reduced fuel use
Reduced
respiratory
illnesses / death
Water Filters Distribution and
installation
Financial
savings from
reduced fuel use
Reduced water
borne diseases
Biogas Distribution and
installation
Financial savings
from reduced
fuel use
Reduced
respiratory
illnesses / death

11. 10
Economic value over crediting period (USD)
SOCIALECONOMICENVIRONMENTAL SOCIO-ECONOMIC
Biodiversity Balance of
Payments
Employment Livelihood Health Impacts
Afforestation /
Reforestation
$37m $249m
Wind $693 $81m
Cookstoves Not quantified $33m $1 billion $628m
Water Filters Not quantified $21m Not quantified $3 billion
Biogas $9m $43m $180m

12. 11
Economic value per tonne of CO2 (USD)
SOCIALECONOMICENVIRONMENTAL SOCIO-ECONOMIC
Biodiversity Balance of
Payments
Employment Livelihood Health Impacts
Afforestation /
Reforestation
$150 $27
Wind $19 $2
Cookstoves Not quantified $3 $93 $55
Water Filters Not quantified $1 Not quantified $117
Biogas $2 $7 $32

13. 12
• Indigenous people living in Sichuan Panda habitat
• Firewood is the main source of energy -26 tons per household per yea
• Three stone stoves for food, feed, heating
• Degrading landscape, 3 months of time, Massive indoor air pollution
Meet the Yi

14. 13
13
From: To:
Source: WWF China
• Energy Efficient stoves with chimney:
• 50-70% less firewood needed and extracts smoke
• 1,600 stoves installed, estimated demand min 20,000

15. 14
Conservation with all its facets:
• Climate change mitigation
• Biodiversity protection
• Improved livelihoods
• Indigenous rights
• Women empowerment
• Awareness, education
So far, WWF projects in China, Nepal,
Kenya, Madagascar are good
examples of these.
Result
Outcomes/y Value in $/y
Climate: 16,000 tons
CO2 emission
reduction
160,000
Biodiversity: 17,500
tons of wood = 224
ha
349,000
Health: 2.75
prevented deaths
325,000
Livelihoods: 433
hours saved = $374
per family
600,000
TOTAL: 1,434,000
Total value 9 times the carbon value

16. 15
Where do we go from here?
• Continue to drive best practice into
carbon markets
• Apply our experience to new tools e.g.
NAMAs
• Apply this approach at scale
– Cities - a problem and opportunity for low
carbon inclusive growth
– Land-use & landscapes – currently
responsible for 20% of all emissions
– Water & Health (adaptation) – helping to
safeguard livelihoods of the poor
– Linking public & private sector investments
(sustainable infrastructure, supply chains)

17. 16
Gold Standard Cities
• ‘Investment ready’ governance and financing framework
• Defined activity areas and funding sources
– Domestic funding
– ODA and Climate Finance
– Private sector investment
• Defined goals
– Mitigation
– Resilience
– Employment & livelihoods
– Pro-poor / gender empowerment focus
• Clear benchmarks and baselines
• Consistent reporting and impact measurement tools

18. 17
Pilot Cities
• New Delhi, India (Bottom up approach)
– 8m slum dwellers, massive equity issues
– Complex interventions needed for scale
– What measures will drive the largest transformation and wider impact?
• Columbo, Sri Lanka (Top down approach)
– Strategic partnership with World Bank & Sril Lankan government
– Design Columbo Green Growth Programme & MRV framework
– Sector focus (Buildings, Transport, Agriculture & land management)
• Sakarya, Turkey (both)
– UNDP supported programme
– Baselines and prioritisation of programmes
– Business case development
•

19. 18
Thank you
adrian.rimmer@goldstandard.org
www.goldstandard.org (impact report)