Future-proofing voluntary carbon projects - managing the - PowerPoint PPT Presentation

Future-proofing voluntary carbon projects - managing the double-counting risk post-2020 08 th November 2017 – COP23

FUTURE PROOFING VOLUNTARY CARBON PROJECTS Moderator: Malin Ahlberg, European Climate and Energy Policy and New Market Mechanisms, BMUB Panelists: Owen Hewlett, Gold Standard • Timothy Mealey, Meridian Institute • Stefan Baumeister, myclimate Germany • Aki Kachi, Carbon Market Watch • Simon Henry, ICROA •

Gold Standard believes that climate and development go hand in hand. We work to ensure that every dollar creates the greatest impact in climate security and the Global Goals. Founded by WWF and other NGOs in 2003 Swiss non-profit headquartered in Geneva Endorsed by 80+ NGO supporters

GOLD STANDARD & VOLUNTARY CARBON MARKETS POST-2020 Ne New S Standards f s framework & & Th Thought t lead aders rship & stak takeholder r re results-ba based ed fina nanc nce e pr produc ducts enga engagem gement ent A next-generation standard to quantify, certify and maximise impacts toward climate security and sustainable development

THE CHALLENGE Voluntary Offsetting NDC Reporting & Targets “Double co “Do counting occu ccurs s when a si single GHG Em Emissi ssion Reduct ction uni unit i is us used ed m more e th than on once" Market Mechanisms Reporting

DOUBLE COUNTING POST-2020 NDC SCENARIO Set against Corporate corporate Buyer targets (e.g. offsetting) Transfer of VER – 1tCo2e eq Included in Voluntary Host Country Host Country Carbon NDC Project Reporting Reporting of impact of 1tCo2e eq

DEVELOPING A RISK ASSESSMENT TOOL Climate integrity, credibility and Engender market confidence Provide clear communication rationale and between transparency proponent, host, buyer etc Promote Decide when a discussion on VER can/cannot alternative be issued solutions Enable Double proponents to Create a assess risk of sustainable, Counting portfolio and new practical tool projects

WHAT WILL IT LOOK LIKE? Assess the NDC – type, version etc Assess key risk parameters for relevance and level Decide whether a VER could be issued and what the process is Develop alternative products for when VERs cannot be issued

TIMELINE Q3 2017 Q4 2017 Q1 2018 Testing Drafting Drafting Appoint Present initial Draft for review Final draft GS publication – Expert view at COP 23 approval Q2 2018 Working November 17) Group Industry event – Begin April 2018, Berlin engagement with DNAs, market etc

Thank you – Any questions?