Intervención de Jerry Saeger, Program Manager at the Voluntary Carbon Standard Association, Washington D.C. en el marco de las jornadas de Mercado de Carbono. 16_02_2011 Evento relacionado http://www.eoi.es/portal/guest/evento/1392/i-jornada-mercados-de-carbono-y-reduccion-de-emisiones--carbon-markets-and-emission-reduction

1. GHG Programs: Compliance, Voluntary, What Next? 16 de febrero 2011 Escuela de Organización Industrial Madrid, España Jerry Seager VCS Association

3. Overview

4. Achievements

5. Shortcomings

6. Cancún

7. The Verified Carbon Standard

8. Structure

9. Recent developments

10. Next Generation Crediting Models

11. Standardised approaches to baselines and additionality

13. Registered CDM Projects by Country Projects: 2798

14. Certified Emission Reductions by Country CERs: 548m

15. Project Types

16. Methodology Types Methodologies (92) (largescale)

18. 2798 projects, 548m tCO2e

19. Investment in developing countries

20. India – wind power, biomass

21. Brazil – biogas, biomass

22. Mexico – landfill gas, biogas

23. Capacity building, development of expertise

24. Project development

25. Validation, verification, accreditation

26. Registries, exchanges

28. Speed of project registration and CER issuance

29. Evaluation on a project-by-project basis (additionality)

30. Scope (project types)

32. Crediting of projects – can begin from date project submitted for registration, rather actual date of registration

33. Standardization in methodologies – default factors, standardized approaches to baselines and additionality

36. Overview

37. Achievements

38. Shortcomings

39. Cancún

40. The Verified Carbon Standard

41. Structure

42. Recent developments

43. Next Generation Crediting Models

44. Standardised approaches to baselines and additionality

46. Provide a global benchmark and framework for the voluntary carbon market

47. Foster innovation within a context of quality, credibility and transparency

49. Headquartered in Washington, DC

50. Single focus – to manage and develop the platform:

51. No consulting

52. No project development

53. No methodology development

54. No validation/verification

55. No proprietary positions in the VCU market

56. Funded primarily by VCU levy ($0.10 per VCU)

58. Further consultation version released in October 2006

59. Released for broad public stakeholder input

60. Over 60 sets of comments submitted

61. Steering committee appointed to draft VCS 2007

62. VCS 2007 released November 2007

63. VCS 2007.1 released November 2008 fully integrated AFOLU requirements into the VCS Program

64. VCS Version 3 will be released March 2011

65. 60-day public comment period concluded (10 October 2010)

66. 38 submissions, with a total of 480 comments

67. Focus on further improving the clarity of the program rules

70. Financial standing

71. Insurance requirements

72. Insolvency protection

73. Registries agree to:

74. Conflict of interest requirements

75. Replacement of VCUs issued in error

76. Registry system is expandable

78. Verified Carbon Units (VCUs)

80. First REDD credits issued last week

81. New project types

82. Peat rewetting and conservation (PRC) out in March

83. Avoided conversion of ecosystems (ACE) out in 2011

84. Wetlands under study

87. Overview

88. Achievements

89. Shortcomings

90. Cancún

91. The Verified Carbon Standard

92. Structure

93. Recent developments

94. Next Generation Crediting Models

95. Standardised approaches to baselines and additionality

97. CDM tool - “Guidelines for demonstrating additionality of renewable energy projects <= 5MW and energy efficiency projects with energy savings <= 20 GWh per year”:

98. LDC or SIDS;

99. Off-grid;

100. < 750 kW capacity; or

103. Create certainty for investors by removing the subjectivity of current project specific additionality tests

104. Allow crediting of a range of measures within a single methodology

106. What is the appropriate level for the benchmark?

107. Should the benchmark be different for new vs. existing facilities?

109. A steering committee has been established via an open call for members and was convened in October

110. Four working groups are tackling the issues

111. lessons from existing work

112. overarching principles

113. technology tests

114. the broader context

116. Crediting to project activitiesCredits Projects

118. VCS would set out requirements, informed by project developers, states, provinces, technical experts

119. Multi-stakeholder process to develop regional baseline

122. Crediting to jurisdiction and project activitiesProjects Credits

124. Accounting mechanism for emission reductions across the jurisdiction

125. Monitoring, reporting and verification (MRV) for issuing credits at the jurisdictional level

126. Risk management to address potential underperformance and non-permanence risk

127. Accounting for leakage from project and non-project activities