33 Asset Management - Ensuring Predictability

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18 Νοε 2013 (πριν από 3 χρόνια και 1 μήνα)

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Private & Confidential



33 ASSET MANAGEMENT


33 Asset Management
-

Ensuring Predictability



12 March 2011, Bonn

Private & Confidential



33 ASSET MANAGEMENT


2

Ensuring Predictability


What’s working


CDM/JI knowledge built


Capacity building


Infrastructure



What is not working


Uncertainty


Subjective element





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33 ASSET MANAGEMENT


3

Ensuring Predictability


Two approaches for project developers and investors to judge UNFCCC


Thumbs up: Well done for setting it up and building the capabilities
(
meths
, DOEs, DNAs)


Critical: reviews of projects and issuances, waiting times, uncertainty,
suspensions



What we need is: a little more “TLC”

transparency/Longevity/Certainty
& Consistency


(Deutsche Bank Climate Change Advisors)


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33 ASSET MANAGEMENT


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Ensuring Predictability


Climate change will not disappear from the world’s agenda



Concern/risk for UNFCCC


IF the systems can not adjust with the increasing level of knowledge
within the UNFCCC


IF such overhaul is not fully supported


THEN the market will move on


Bilateral agreements


New carbon market mechanisms


New auditing procedures


The market needs clarity to drive significant investment and subsequently large
amount of emissions
reductions.

But the market will not wait indefinitely for changes to existing mechanism

it
will find alternative routes





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Ensuring Predictability


Suggestions


Use the existing knowledge built in the UNFCCC (EB, Meth panel,
DOEs, DNAs
etc
)


Pre
-
select and approve project types per region (whitelists)


Set clear PDD instructions per project type


No further additionally tests (as project type is already pre
-
approved)


Pure procedural check if project followed instructions before
registration


Yearly verification to ensure environmental integrity


Include project types like forestry and REDD to ensure volumes can be
achieved without N2O and HFC projects



Simple, clear for everybody, no subjective approvals



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Ensuring Predictability


“Simplicity is the Ultimate Sophistication”
by Leonardo Da Vinci


Does not mean the problem is simple


The UNFCCC has the unique capabilities and knowledge to really
change the mechanisms to make it simpler


If it doesn’t do so, the market will increasingly look for and create
alternative mechanisms




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7

Contact

Walle Oppedijk van Veen



33 Asset Management


Commercial Manager





Tel: +31
-
(0)70
-
34 61 734



GSM: +31
-
(0)6
-
22317941



Email:
w.oppedijkvanveen@33assetmngt.com