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multiconsultgroup.com
multiconsultgroup.com multiconsult.no
The Re Return rn of Ca Carbon n Fin inance ce for r Re - - PowerPoint PPT Presentation
The Re Return rn of Ca Carbon n Fin inance ce for r Re - - PowerPoint PPT Presentation
multiconsultgroup.com The Re Return rn of Ca Carbon n Fin inance ce for r Re Renewa wable ble Energy gy Project cts: s: When? What? How? Really? William Greene Senior Advisor - RE wig@multiconsult.no multiconsultgroup.com
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multiconsultgroup.com
Multiconsult ASA: full service engineering & technical consultancy
- JVs to support Energy and Oil & Gas projects
- Permanent presence through subsidiary
Sales offices
Founded 1908 (listed 2015, OSL:MULTI)
Employees 2.450
Operating revenues 2.968 MNOK (2016)
Headquarters Oslo, Norway
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Carbon finance: extra revenues to project owners where projects produce «additional» GHG reductions
Offset credits (tCO2e) $/€/ ¥ Project Developer Covered Emitter DEMAND SUPPLY
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multiconsultgroup.com
That’s had its share of ups
€ 0.22/tCO2e
and downs…
2 4 6 8 10 12 14 16
€/T CER Futures Price (ICE)
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And now promises a rebound…
S Korea KOCs - 55Mt p/a?
China CCERs - 400Mt p/a? + CORSIA (2021+) – 100 Mt p/a? + New Mechanisms under Paris Agreement (2020+) - ?
Source: IETA, 2017
Japan JCM – 50Mt p/a?
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multiconsultgroup.com
But what have we learned?
Multiconsult & OEKO institute, 2016 Likelihood of being real, measurable, additional Potential CER supply To 2020, Mt CO2e Low: 3527 Medium: 943 High: 359
Hydro power Wind power Fossil fuel switch Waste heat recovery Efficient lighting Cook stoves Adipic acid HFC-23 abatement Coal mine methane Landfill gas Biomass power HFC-23 abatement Nitric acid 1669 1397 232 222 4 2 257 191 170 163 162 184 175
85 % 13 % 2 %
# CDM projects
Low Medium High 73 % 20 % 7 %
CER supply 2013 to 2020, (Mt CO2e)
Low Medium High
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multiconsultgroup.com
Do we need this complexity?
- 1. Project Design
Project Concept Note, Methodology, Stakeholder Consultation, Project Design Document (PDD) 2.1 Host Country Approval Letter of Approval 2.2 Validation Validation Report, PDD
- 3. Registration
- 4. Monitoring
Monitoring Report
- 5. Verification
Verification Report
- 6. Certification and
Issuance of Credits CER
- 7. Commercialization
Designated Operational Entity 1 CDM Executive Board Project Developer Designated Operational Entity 2 CDM Executive Board Project Developer Credit Buyer Project Developer Project Developer
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multiconsultgroup.com multiconsultgroup.com
«We are what we do. And what we do is what we become.»
wig @multiconsult.no William Greene
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Status of the industry 2017 5000+ projects. 1.75 bn+ tCO2e reductions (?)
の基本コン セプト
规则
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multiconsultgroup.com
All RE projects have suspect additionality
Oeko Institute & Carbon Limits, 2016 SLIDE