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Using results-based finance for climate action : existing initiatives and the role of the CDM
(2014)
Results-based finance is receiving increasing attention, being considered as a potential key funding mode in climate finance. The Clean Development Mechanism has been cited to potentially contribute to this goal. Against this background, the policy brief outlines the rationale of the concept and analyses six climate change mitigation initiatives that build on the results-based finance approach. The analysis puts a special focus on the role of the CDM.
Purpose - Since the registration of the first clean development mechanism (CDM) project in 2004, the CDM has seen a dynamic expansion: the CDM pipeline currently comprises 6,725 projects generating 2.73 billion certified emission reductions (CERs) up to 2012. These CERs result in a substantial financial flow from Annex I to Non-Annex I countries. But CDM projects also result in investments in low carbon technologies, a substantial share of which is focused on the energy sector. The total installed capacity of all CDM projects amounts to 288,944 MW. However, the CDM is not widely taken up in Africa. This holds true for Africa's share in the CDM project pipeline (2.62 per cent), for Africa's share in CERs generated up to 2012 (3.58 per cent) and for the normalized CERs per capita, per country. Two hypothesizes are commonly discussed: first, the continent features low per capita emissions and low abatement potentials. Second, African countries may be hampered by weak institutional frameworks. This article reviews both hypotheses and presents new empirical data. The paper aims to discuss these issues.
Design/methodology/approach - Investigating the greenhouse gas (GHS) abatement potential of 16 energy-related sectors for 11 selected least developed countries in sub-Saharan Africa shows a total theoretical CDM potential of 128.6 million CERs per year. Analyzing investment indicators confirms that most countries are impeded by below average investment conditions.
Findings - It is concluded that Africa offers a considerable range of substantial abatement potentials. However, the weak institutional framework is limiting the uptake of the CDM in Africa. This is underpinned by an analysis which shows if a CDM sector has high investment cost, Africa will have a low share in the sector. If the sector has low investment needs per CER, Africa's share in the CDM sector will be bigger. Investment needs and Africa's share in the pipeline feature a negative correlation.
Research limitations/implications - Supporting CDM development in Africa should not be constraint to technical assistance. It will be crucial to develop an integrated financing approach, comprising the CDM as a co-financing mechanism, to overcome the institutional challenges.
Originality/value - Until today, there are few empirical studies that use concrete criteria and indicators to show why the CDM is underrepresented in Africa. The work presented here contributes to filling this gap.
Technology cooperation : update on the technology mechanism and options for using carbon markets
(2014)
This policy brief provides a general overview on the setup of the UNFCCC's Technology Mechanism, exploring potential synergies between the mechanism and carbon market instruments such as the CDM.
There are two branches of the Technology Mechanism: the Technology Executive Committee (TEC), which is tasked to give political advice, and the Climate Technology Centre and Network (CTCN), providing support and fostering the operationalization of technology transfer. Both institutions strongly focus on capacity building.
The CDM, instead, has contributed to technology transfer in practice. However, the transfer has largely focused on equipment and basic operational knowledge. The transfer of knowledge to adapt, advance and innovate has been limited so far.
Therefore, the two mechanisms could well complement each other. In theory, Programmes of Activities and Standardized Baselines under the CDM could be a means for developing country governments to strategically address financial barriers to technology transfer.
Rund ein Jahrzehnt wurde in der Wissenschaft nur wenig über Suffizienz diskutiert. Im Jahr 1996 sorgte das Motto "Gut leben statt viel haben" aus der Studie "Zukunftsfähiges Deutschland" noch für Schlagzeilen und regte intensive Diskussionen an. Doch in den 2000er Jahren wurde der Suffizienzdiskurs nur noch von wenigen Institutionen vorangetrieben - zu unattraktiv schien eine Debatte über Verzicht. Inzwischen hat eine Gemengelage aus verschiedenen Ereignissen und Erkenntnissen zu einer Vitalisierung des Suffizienzdiskurses geführt. Ein Auslöser von vielen ist der Anstieg der Öl- und Ressourcenpreise. Ein zweiter wichtiger Treiber: Es haben sich Zweifel über die Heilskraft von "grünen Technologien" breit gemacht. Denn die Wirklichkeit sieht, trotz beeindruckender Ausbauerfolge bei den Erneuerbaren im Stromsektor und gutem Willen der Verbraucher, nicht sehr ermutigend aus - der Ressourcenbedarf ist in Deutschland kaum gesunken, die CO2-Emissionen steigen neuerdings sogar. Suffizienz als Konzept des achtsamen Umgangs mit Ressourcen kann dazu beitragen, Verbrauchs- und Emissionsziele dennoch zu erreichen.
Was in Großbritannien und Irland schon für viele Bürger(innen) selbstverständlich ist, fordert Michael Kopatz nun auch für deutsche Stromkunden: Prepaid-Zähler für Strom. In seinem Beitrag erläutert Kopatz das Konzept des Stromzahlens per Zähler, der vom Kunden selbst aufgeladen wird, und enkräftet mögliche Gegenargumente. Besonders in den Blick nimmt er die Situation von einkommensarmen Menschen, die durch Stromsperren und hohe Nachzahlungen an den Rand der Zahlungsunfähigkeit getrieben werden. Zudem erhöht ein solcher Zähler die Transparenz beim Stromverbrauch. Als Ausgangspunkt und Beispiel für bereits realisierte "Prepaid-Konzepte" in unserer Gesellschaft nennt er das Prinzip an der Tankstelle, an der das Auto auch mit Benzin "aufgeladen" wird und der Nutzer seinen tatsächlichen Bedarf bezahlt.
This policy brief discusses the opportunities and obligations of host country DNAs within the Standardized Baselines framework and identifies options for strategic intervention. Host countries can, for example, intervene by selecting the right sectors for which they develop an SB in the first place. DNAs can also tailor their SBs to some extent to support certain technologies, fuels or feed- stocks over others by choosing the right level of aggregation of the sector to be covered. Last but not least, the paper discusses the DNAs' role in managing the data for the development and maintenance of the SB. Host countries should take full advantage of potential synergies between data collection for SBs and other data intensive processes such as national greenhouse gas inventories or national statistics. SBs and the data gathered in the process of developing them can also be a basis for the development of other mitigation instruments such as Nationally Appropriate Mitigation Actions (NAMAs) or New Market Mechanisms (NMM).
The report surveys current proposals and positions on issues such as differentiated participation of countries in the new agreement, a differentiated spectrum of commitments, effort sharing and options for how to organise the negotiation process. The report finds that for the level of participation, the selection of commitment types, and choice of effort-sharing approaches there is no silver bullet. A portfolio approach that incorporates multiple options may be most suited to ensure environmental effectiveness, cost- effectiveness and political feasibility.
The brochure summarises the project's objectives and methodological approach, its key findings as well as conclusions. Both case studies have shown that technological solutions for low carbon development should be embedded in a well-developed institutional framework to foster their deployment and implementation. Therefore, recommendations for Wuxi include examples of innovative and integrated technical projects for increasing energy and resource efficiency, combining them with recommendations for the development of institutional frameworks. One element of such a framework could be a local energy agency in Wuxi, which would offer support and expertise to potential investors in low carbon technologies. Also for the German pilot region, the brochure offers concrete recommendations how to facilitate low carbon planning within the region.