PMR República de Panamá Proposal for Policy Analysis Activities
Carb rbon Pri ricin ing In Instruments in in Panama Panama’s NDC and national policies highlight the intention to consider designing a domestic carbon market and implementing ca rbon pricing instruments, such as a carbon tax… 2014 2016 2016 2016 2017
Cri ritical Readin iness Gaps … but the country faces many challenges and requires PMR ´s support Capacity building and awareness Implementation plan Interinstitutional coordination MRV system and GHG inventory Robust analytical work for decision making process
Pla lanned Activ ivities Under r PMR The development of this proposal is a joint effort among key government ministries and agencies. The implementation of the proposed activities will be led by the Ministry of Environment (MIAMBIENTE), with the close support of the National Secretariat of Energy (SNE), the Ministry of Economy (MEF), and the Land Transportation and Transit Authority (ATTT). 1. Upstream Policy Analysis to Assess Enabling Mitigation Policy Policy Options Instruments Available to Support the Decarbonization of the Impacts Modelling Economy Carbon Tax Assessment Market Assessment 2. Support the Domestic and International Carbon Market Readiness Building Blocks MRV System EE fund and Carbon Market link Compliment to EE programs Communications strategy to 3. Capacity Building, Social Awareness, and Communication Plan raise social awareness Strengthen the public-private capacities Stakeholder participation plan
Path towards a Carbon Market in in Panama 2016 Panama is seeking the PMR support to set the foundation upon Approval of NDC’s where Panama highlights the intention to which the country could build the structure to implement consider designing a carbon market and confirms the country will carbon pricing instruments in the energy sector, with special continue to participate in international carbon offsets trading. focus on a carbon tax . 2017 2016 2016 Analysis of the elasticity of the National Energy Plan 2015-2050, Panama launched GFEI Project to fuels used in transport sector as a Highlighting the need to analyze determine emission the baseline of preliminary step to set the strategy different carbon pricing instruments vehicles as the base for a future minimum in the long run. ( carbon tax , ETS and regulation). fuel economy standard for vehicles. PMR Support 2017 2017 Next Steps: Law modification proposed to Panamá organized a roundtable to explore and Evaluation of policies assign a penalty to the offers trigger the interinstitutional discussion on the available, Impact received during public tenders of potential implementation of carbon pricing modelling and Carbon generation projects, based on the instruments, with the technical support of the WBG Tax Assessment CO2 emissions per kWh. and the participation of the PMR WB team
Activ ivity 1. . Upstr tream Polic licy Analysis is Objective: Explore and understand the different options available to de-carbonize the economy Tasks: » Evaluation of available mitigation policy instruments suitable to » Impact assessment and cost benefit Panama’s context » analyses of the instruments Optimal fuel tax rates based on emissions proposed » Analysis of cases of study based on international experience » » Co-benefits and externalities Ensure revenue neutral tax analysis, considering human health architecture » Legal, regulatory, and benefits and avoided mortality, to institutional framework required » Tax rate range, with potential assess properly the impact of scheduling for gradual increment carbon pricing instruments » Roadmap for the design of the proposed carbon pricing instrument Outputs: Analysis and Recommendations of Modelling Fiscal, Economic, and Sectoral Carbon Tax Assessment Carbon Pricing Policy Options Impacts of Pricing Carbon Emissions in Panama
National Platform for Climate Transparency PMR will be part of a broader national effort The overall objective of this initiative is to support the GoP to meet the transparency and accounting commitments established in Article 13 of the Paris Agreement . Component 1: National GHG Inventory System Component 3: Mitigation Actions System Component 2: National Emissions Registry
Activ ivity 2. . Support Do Domestic an and In International l Carb arbon Mar arket Readin iness Objective: Advance towards a low emission and sustainable energy sector, supporting the development of an emissions registry and a domestic MRV system for the energy sector Tasks: » » Assessment of the use of emissions Identify the requirements to establish a » Assessment on design reductions generated in Panama’s EE MRV system and GHG data management options for a domestic work program in an international processes in the energy sector in the voluntary carbon market carbon offset mechanism energy sector » Review of the institutional » » Assess how Panama’s EE fund, could Assessment of the potential use of architecture, legal benefit from carbon markets and if it Emissions Reductions Certifications in the framework, streamlined could be partially funded through the energy sector and their commercialization rules, and procedures sales of emissions reductions created required » by the projects and initiatives funded Pilot Program: Vehicle Emission Measuring through the EE fund. and Reporting Program Outputs: Domestic and International Develop the Core Building Blocks for a Mainstreaming Carbon Considerations into Carbon Market Assessment Domestic MRV System in the Energy Sector Panama’s Energy Efficiency Work Program
Overvie iew of f activ ivities fu fundin ing PMR funded activities are complemented by other funds and institutions WBG´s Energy Efficiency National Platform for National Vehicle Inspection Regional Work Climate Transparency and Maintenance Initiative • Supported by ESMAP, KGGTF, and • Program carried out by the SFLAC National Secretariat of Energy • Led by the Ministry of (SNE) and the Land Transit and Environment (MiAmbiente) Transport Authority (ATTT) PMR Funding National Government Other Sources of Funding Activity 1 140,000 $ 127,500 $ 1,925,000 $ Activty 2 305,000 $ ATTT CIACA, CBIT, SFLAC, ESMAP 150,000 $ Activity 3 55,00 $ KGGTF, SFLAC, ESMAP Total 500,000 $ 127,500 $ 2,075,000 $ ATTT: Land Transit and Transport Authority KGGTF: Korea's Green Growth Trust Fund CIACA: Collaborative Instruments for Ambitious Climate Action SFLAC: Spanish Fund for Latin America and the Caribbean CBIT: Capacity Building Initiative for Transparency ESMAP: Energy Sector Management Assistance Program
Ing ng. Jua Juan M. M. Luc Lucero o A. Ms. El Ms. Elba Co Cort rtés Department of De of El Electric icit ity Head of Hea of Cl Clim imate Cha Change Natio Na ional l Sec Secretaria iat of of Ene Energy Minis Min istry of of En Envir ironment jlucero@energia.gob.pa jl ecor ec ortes@miambiente.g .gob.pa http:// //www.energia ia.gob ob.pa http:// //www.mia iambie iente.gob ob.pa Thank You
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