Polish Green Investment Scheme Setting the benchmark for good practice?

Size: px
Start display at page:

Download "Polish Green Investment Scheme Setting the benchmark for good practice?"

Transcription

1 Polish Green Investment Scheme Setting the benchmark for good practice? Grzegorz Peszko Senior Energy/Environmental Economist European Bank for Reconstruction and Development

2 GIS: Why EBRD? GIS hosts = EBRD countries of operation Developing missing carbon markets Leverage climate change investments and commercial finance Environmental integrity of AAU trading MCCF managed jointly with EIB tool to facilitate pilot AAU transactions

3 AAUPA: Legal provisions for environmental integrity Key milestones specified as conditions precedent Definition of greening default Proceeds not Disbursed in accordance with the Greening Plan Greening Activities not implemented according to the Greening Plan, Greening Effects not achieved, Use or misuse of Proceeds Exceeding agreed ratios or thresholds (e.g. for TC or administration)

4 What if greening default is called? Seller fully liable for greening defaults Remedies Greening default notice seller proposes cure Unused Proceeds: reallocation of any to other Greening Activities Misused Proceeds: Seller reimburses to GIS account and finances replacement greening projects that would lead to equivalent Greening Effects Repayment of any unused or misused Proceeds to Buyer (reciprocal return of AAUs)

5 Greening Plan integral part of AAUPA Greening Programmes and Projects Fund Flows and Governance Methods, procedures: Baseline, Monitoring, Reporting and Verification Fiches of eligible greening programmes Implementation provisions (conditions precedence, covenants)

6 Implementation provisions (CPs) Detailed Terms Sheets for each Greening Programme (with definition of system boundaries, detailed criteria for eligible projects and beneficiaries, etc.) Call for Proposals Documents for each Greening Programme Method for assessing the Greening Effect for each Greening Programme based on applicable JI/CDM methodologies as appropriate Estimates of total Greening Effect for each Greening Programme: impact, result and output indicators, and greening ratios. Monitoring, Reporting and Verification Instructions Terms of References for the Verifier Templates of Annual Greening Performance Report and the Final Greening Performance Report

7 MRV rules Beneficiaries monitor, collect and report data according to the Instruction GIS Operator collects and files project performance reports GIS Operator calculates/estimates/evaluates Greening Effects of each project and aggregates them in publicly available database GIS operator conducts mandatory on-site inspections of sample projects. Members of MC can request additional inspections anytime or do it themselves GIS Operator prepares annual and final reports: Greening Performance Report Financial Report Financial report audited by internationally renowned Auditor Greening Performance Report verified by independent Verifier

8 Governance Ministry of Environment responsible on behalf of Poland National Fund for Environmental Protection and Water Management: GIS Operator Law established advisory Consultative Council, but no seats for buyers or NGOs Therefore Monitoring Commission established under AAUPA. Function: access to information; first instance of disputes resolution. Specific rules scheduled to AAUPA Buyers DO NOT select individual Greening Activities Buyers have full access to all information about selection processes and reasons for selecting Greening Activities by the GIS Operator Right to raise issues and provide comments through Monitoring Commission Last resort notice of greening default

9 Selection of greening programmes Priority for Polish climate policy GHG emission reduction potential that can be measured and monitored Where public funds needed to remove major bottlenecks to sustainable investments Where effective demand for investments exists to achievable quick mitigation effects Proposed by GIS Operator, but selected and structured jointly with buyers and advice from EBRD/EIB

10 Upgrading electricity grid for connecting renewable energy sources from wind Output indicator Result indicator Impact indicator Greening ratio Proceeds Funding structure Implementation timeline XX MWe of connected wind capacity XX MWh electricity supplied annually XX t CO2e emissions avoided annually XX Increased green certificate generation from wind power from the area where the network upgrade took place XX AAUS: XX t CO2e emissions avoided XX PLN total available budget per program GIS proceeds (XX PLN for 1MW of actually connected wind capacity, but not more than XX% of eligible costs) External finance (e.g. commercial, EBRD, EIB loans) Commitment by Disbursement by Completion by Monitoring by Crediting by Reports due:

11 Upgrading electricity grid for connecting renewable energy sources from wind (2) Eligible applicants Eligible project types Eligible costs Applicable state aid rules Detailed eligibility criteria Selection criteria Electricity distribution companies Construction, expansion and/or modernization of electricity networks to enable wind power plants to be connected to the National Electricity Grid including, specified types of power lines, interconnections, substations, buildings, tasks, etc. E.g. Fixed assets, installation, construction works, materials, necessary intangible assets, services necessary to achieve Greening Effect Polish, EU regulations: Min/Max CAPEX size Legal, technical, environmental Exclusion list Projects in areas with low density of the 110kv grid Otherwise, the date of testifying that all eligibility criteria have been fulfilled

12 Polish GIS design - conclusions Additional, measurable, monitorable emissions reductions Robust, precise but not over-regulated regulated High greening ratios Implementable, achievable Financeable: Financial structures proven and transparent High leverage of GIS funds (low grant intensity) Open to private beneficiaries and co-financiers (some programmes)

13 Possible scenarios for GIS development Pilot transactions Good practices, benchmarks Greening standards in post FMs Pilot transactions Greening defaults AAU trading discredited

National Fund for Environmental Protection and Water Management. activities in climate protection

National Fund for Environmental Protection and Water Management. activities in climate protection National Fund for Environmental Protection and Water Management activities in climate protection National Fund for Environmental Protection and Water Management Witold Retke Head of Green Investment Scheme

More information

ELENA. A new KfW-Facility in favour of sustainable investments of small and medium sized municipalities. Dr. Johannes Feist Berlin

ELENA. A new KfW-Facility in favour of sustainable investments of small and medium sized municipalities. Dr. Johannes Feist Berlin A new KfW-Facility in favour of sustainable investments of small and medium sized municipalities Dr. Johannes Feist Berlin Objective of the Facility ELENA: a IEE (Intelligent Energy Europe II) technical

More information

POLAND: National Fund for Environmental Protection and Water Management activities in climate protection

POLAND: National Fund for Environmental Protection and Water Management activities in climate protection POLAND: National Fund for Environmental Protection and Water Management activities in climate protection National Fund for Environmental Protection and Water Management, Poland Green Investment Scheme

More information

Renewable Energy. 2015 LORD Green Real Estate Strategies, Inc.

Renewable Energy. 2015 LORD Green Real Estate Strategies, Inc. Renewable Energy Benefits of Renewable Energy Meet real estate portfolio GHG emission reduction/reporting goals Use energy that produces no GHG emissions from fossil fuels and reduces air pollution Mitigate

More information

Green Power Accounting Workshop: Concept Note For discussion during Green Power Accounting Workshop in Mexico City, May 13th 2011

Green Power Accounting Workshop: Concept Note For discussion during Green Power Accounting Workshop in Mexico City, May 13th 2011 Introduction As more companies and government organizations prepare greenhouse gas (GHG) inventories that reflect the emissions directly and indirectly associated with their operations, they increasingly

More information

Financing energy efficiency through grants lessons learned in Austria

Financing energy efficiency through grants lessons learned in Austria Financing energy efficiency through grants lessons learned in Austria FINANCING ENERGY EFFICIENCY FUNDING OPORTUNITIES, INSTITUTIONAL MODELS AND SUCCESFUL PRACTICES Wolfgang Diernhofer 1 Contents Introduction

More information

Regulation on the implementation of the European Economic Area (EEA) Financial Mechanism 2009-2014

Regulation on the implementation of the European Economic Area (EEA) Financial Mechanism 2009-2014 the European Economic Area (EEA) Financial Mechanism 2009-2014 adopted by the EEA Financial Mechanism Committee pursuant to Article 8.8 of Protocol 38b to the EEA Agreement on 13 January 2011 and confirmed

More information

GHG Accounting Guidance Note Manufacture of Renewable Energy Climate Related Products

GHG Accounting Guidance Note Manufacture of Renewable Energy Climate Related Products GHG Accounting Guidance Note Manufacture of Renewable Energy Climate Related Products IFC CLIMATE BUSINESS GROUP SEPTEMBER 2011 Introduction The following is an overview guidance for IFC investment staff

More information

eeef - European Energy Efficiency Fund

eeef - European Energy Efficiency Fund eeef - European Energy Efficiency Fund Agenda 1 2 3 Introduction to eeef Eligibility check for projects Technical Assistance 4 Potential project structures 5 Case Studies 2 eeef at a glance Objective Beneficiaries

More information

Activities of the UNFCCC Regional Collaboration Centre in the Caribbean

Activities of the UNFCCC Regional Collaboration Centre in the Caribbean Activities of the UNFCCC Regional Collaboration Centre in the Caribbean Karla Solís Team Lead, Regional Collaboration Centre St. George s St John s, Antigua 10-11 June 2014 CDM Regional Collaboration Centre,

More information

B U I L D I N G P A R T N E R S H I P S F O R E N E R G Y S E C U R I T Y www.inogate.org

B U I L D I N G P A R T N E R S H I P S F O R E N E R G Y S E C U R I T Y www.inogate.org "INOGATE Technical Secretariat & Integrated Programme in support of the Baku Initiative and the Eastern Partnership energy objectives" Project B U I L D I N G P A R T N E R S H I P S F O R E N E R G Y

More information

Energy Efficiency in Ukraine: EBRD Experience

Energy Efficiency in Ukraine: EBRD Experience Energy Efficiency in Ukraine: EBRD Experience Jan-Willem van de Ven Associate Director, Head of Carbon Market Development Energy Efficiency and Climate Change, EBRD Contents Energy efficiency in Ukraine

More information

Regulation on the implementation of the Norwegian Financial Mechanism 2009-2014

Regulation on the implementation of the Norwegian Financial Mechanism 2009-2014 Regulation on the implementation of the Norwegian Financial Mechanism 2009-2014 adopted by the Norwegian Ministry of Foreign Affairs pursuant to Article 8.8 of the Agreement between the Kingdom of Norway

More information

Annex 2: Rules and Procedures for the Swiss-Polish Cooperation Programme

Annex 2: Rules and Procedures for the Swiss-Polish Cooperation Programme Annex 2: Rules and Procedures for the Swiss-Polish Cooperation Programme Annex 2 is an integral part of the Framework Agreement between the Swiss Federal Council and the Government of the Republic of Poland

More information

Financing Energy Efficiency and Renewable Energy through the India Renewable Energy Development Agency

Financing Energy Efficiency and Renewable Energy through the India Renewable Energy Development Agency RENEWABLE ENERGY INDUSTRIAL ENERGY EFFICIENCY BUILDING ENERGY EFFICIENCY Financing Energy Efficiency and Renewable Energy through the India Renewable Energy Development Agency A RANGE OF FINANCIAL SUPPORT

More information

ESCO Financing. State of Israel Ministry of National Infrastructure. Pierre Baillargeon. March 2007 ECONOLER INTERNATIONAL

ESCO Financing. State of Israel Ministry of National Infrastructure. Pierre Baillargeon. March 2007 ECONOLER INTERNATIONAL ESCO Financing State of Israel Ministry of National Infrastructure Pierre Baillargeon March 2007 Agenda Evaluation of the EE market Introduction to the ESCO concept Introduction to performance contracts

More information

System Basics for the certification of sustainable biomass and bioenergy

System Basics for the certification of sustainable biomass and bioenergy ISCC 201 System Basics System Basics for the certification of sustainable biomass and bioenergy ISCC 11-03-15 V 2.3-EU Copyright notice ISCC 2011 This ISCC document is protected by copyright. It is freely

More information

White Certificates Trading, Green Certificates Trading, Emission Trading Which One to Choose?

White Certificates Trading, Green Certificates Trading, Emission Trading Which One to Choose? White Certificates Trading, Green Certificates Trading, Emission Trading Which One to Choose? Dr. Xiaodong Wang, EASCS September 11, 2013 Structure of the Presentation Context: Chinese government s commitment

More information

Polish RES support system from the perspective of offshore wind energy - current status and anticipated changes

Polish RES support system from the perspective of offshore wind energy - current status and anticipated changes Polish RES support system from the perspective of offshore wind energy - current status and anticipated changes Rafał Hajduk Legal adviser / Partner Norton Rose Fulbright Piotr Strawa i Wspólnicy, sp.

More information

E N G I N E E R I N G

E N G I N E E R I N G Purpose If the customer s proposed project proceeds to Gate 1 of the Integrated Customer Solutions (ICS) process (see the ICS Process and Proposal Submission Guide), the customer must prepare a Load Displacement

More information

DRAFT KERALA STATE ELECTRICITY REGULATORY COMMISSION, NOTICE. No. 442/CT/2014/KSERC Dated, Thiruvananthapuram 31 st March, 2015

DRAFT KERALA STATE ELECTRICITY REGULATORY COMMISSION, NOTICE. No. 442/CT/2014/KSERC Dated, Thiruvananthapuram 31 st March, 2015 DRAFT 31.3.2015 KERALA STATE ELECTRICITY REGULATORY COMMISSION, NOTICE 442/CT/2014/KSERC Dated, Thiruvananthapuram 31 st March, 2015 The Kerala State Electricity Regulatory Commission hereby publishes

More information

Joint MDB Climate Finance Tracking

Joint MDB Climate Finance Tracking Joint MDB Climate Finance Tracking Jan Willem van de Ven, Senior Carbon Manager Carel Cronenberg, MRV Manager Fifth Meeting of the Standing Committee on Finance Bonn, Germany 27 30 August 2013 European

More information

If you have any questions regarding the results of the verification please call me at the phone number listed below. Yours truly,

If you have any questions regarding the results of the verification please call me at the phone number listed below. Yours truly, KPMG Performance Registrar Inc. Box 10426, 777 Dunsmuir Street Vancouver BC V7Y 1K3 Canada Telephone (604) 691-3000 (604) 691-3401 Telefax (604) 691-3031 www.kpmg.ca Corey Wilson Commercial Manager 141

More information

Banks as bridges: Investment in a sustainable and climate-friendly economic system

Banks as bridges: Investment in a sustainable and climate-friendly economic system Banks as bridges: Investment in a sustainable and climate-friendly economic system Matthew Arndt, Head of division Environment, Climate and Social Office 18/01/2013 1 Who we are Breakdown of the EIB s

More information

VER+ A robust Standard for Verified Emission Reductions (Criteria Catalogue)

VER+ A robust Standard for Verified Emission Reductions (Criteria Catalogue) VER+ A robust Standard for Verified Emission Reductions (Criteria Catalogue) A. Introduction Verified emission reductions are commonly understood as tradable emission reductions that have been generated

More information

CDP7 and OneReport Comparison

CDP7 and OneReport Comparison 24 27 47 KEY Matches data requested within Related to data requested within Not found in and Comparison # 1.1 2.1 3.1 4.1 5.1 6.1 Regulatory Risk Physical Risk General Risk Regulatory Physical General

More information

Greenhouse Gas Offsets and Renewable Energy Certificates: Distinct Commodities in an Evolving Market The Climate Trust

Greenhouse Gas Offsets and Renewable Energy Certificates: Distinct Commodities in an Evolving Market The Climate Trust Greenhouse Gas Offsets and Renewable Energy Certificates: Distinct Commodities in an Evolving Market The Climate Trust Introduction The framework for future climate policy is emerging in the United States

More information

EU Regional Blending Facilities and Private Sector Investments

EU Regional Blending Facilities and Private Sector Investments EU Regional Blending Facilities and Private Sector Investments Innovative Development Finance Workshop Margareta McConnell 8 May 2015 EU Regional Blending Facilities 2 Potential Sources of Private Finance

More information

Preparing for Mandatory Carbon reporting webinar questions

Preparing for Mandatory Carbon reporting webinar questions Please note the following are responses made immediately after the webinar on 22 nd May - it is not formal guidance / should not be regarded as such (please treat as verbal response to webinar and suggest

More information

MARKET BASED INSTRUMENTS: AUSTRALIA S EXPERIENCE WITH TRADING RENEWABLE ENERGY CERTIFICATES

MARKET BASED INSTRUMENTS: AUSTRALIA S EXPERIENCE WITH TRADING RENEWABLE ENERGY CERTIFICATES Workshop on Good Practices in Policies and Measures, 8-10 October 2001, Copenhagen MARKET BASED INSTRUMENTS: AUSTRALIA S EXPERIENCE WITH TRADING RENEWABLE ENERGY CERTIFICATES Gwen Andrews Australia Chief

More information

National Energy Efficiency and Renewable Energy Action (NEEREA) August 2014

National Energy Efficiency and Renewable Energy Action (NEEREA) August 2014 National Energy Efficiency and Renewable Energy Action (NEEREA) August 2014 Prepared by: Melda Jabbour, Energy Engineer, Lebanese Center for Energy Conservation (LCEC) Rana El-Guindy, Junior analyst -

More information

Draft law on Renewable Energy Sources - Update January 2014

Draft law on Renewable Energy Sources - Update January 2014 Draft law on Renewable Energy Sources - Update January 2014 On 3 January 2014 another draft of new law on Renewable Energy Sources ( RES ) was published by the Polish Ministry of Economy ( MoE ). Additionally,

More information

CONTRACT FOR THE SALE AND PURCHASE OF ELECTRICITY GENERATED BY WIND POWER

CONTRACT FOR THE SALE AND PURCHASE OF ELECTRICITY GENERATED BY WIND POWER CONTRACT FOR THE SALE AND PURCHASE OF ELECTRICITY GENERATED BY WIND POWER ASSISTANCE TO ENERGY SECTOR TO STRENGTHEN ENERGY SECURITY AND REGIONAL INTEGRATION CONTRACT NUMBER EPP-I-08-03-00008-00 AUGUST,

More information

ISO 50001 Energy Management System

ISO 50001 Energy Management System ISO 50001 Energy Management System DETAILED GUIDE ISO 50001 Background It has been estimated that the ISO 50001 Energy Management Standard could have a positive impact on some 60% of the world s energy

More information

Draft Scope 2 Accounting Guidance: What it could mean for corporate decisions to purchase environmental instruments

Draft Scope 2 Accounting Guidance: What it could mean for corporate decisions to purchase environmental instruments Draft Scope 2 Accounting Guidance: What it could mean for corporate decisions to purchase environmental instruments September 2014 Corporate Scope 2 accounting has traditionally been relatively straight

More information

Terms of Reference for

Terms of Reference for REDD-Forestry and Climate Change Cell Ministry of Forests and Soil Conservation Terms of Reference for Developing a system of Feedback and Grievance Redress Mechanism (GRM) 1. Background Nepal is preparing

More information

https://www.cdp.net/en-us/pages/search-for-the-file+-search.cdproject.net%2frespon...

https://www.cdp.net/en-us/pages/search-for-the-file+-search.cdproject.net%2frespon... Page 1 of 9 English Português Español 日 本 語 中 文 aparsons@anglogoldashanti.com Home What we do Members & signatories Reporting to CDP Reports & data Our partners News & events My CDP Search Results Respondent

More information

Overview on SEA output

Overview on SEA output 1 st SEA workshop of the revised PDP VII Overview on SEA output of Project N a t i o n a l P o w e r D e v e l o p m e n t P l a n p e r i o d 2 0 11-2 0 2 0, v i s i o n 2 0 3 0 ( P D P V I I ) P r e

More information

Ricardo-AEA. An investment decision framework across EU infrastructure financing facilities and policy recommendations. Dr.

Ricardo-AEA. An investment decision framework across EU infrastructure financing facilities and policy recommendations. Dr. Ricardo-AEA An investment decision framework across EU infrastructure financing facilities and policy recommendations Dr. Adarsh Varma 26 th March 2013 Brussels www.ricardo-aea.com 2 Project rationale

More information

GHG data management issues in an Oil Company. Maria Mantini, Corporate HSE Leonardo Gelpi, Corporate M2M Oil & Gas Session New Delhi, 4 th March 2010

GHG data management issues in an Oil Company. Maria Mantini, Corporate HSE Leonardo Gelpi, Corporate M2M Oil & Gas Session New Delhi, 4 th March 2010 GHG data management issues in an Oil Company Maria Mantini, Corporate HSE Leonardo Gelpi, Corporate M2M Oil & Gas Session New Delhi, 4 th March 2010 Agenda Boundaries and approaches definition GHG data

More information

Financing Renewable Energy ( RE ) Project

Financing Renewable Energy ( RE ) Project A LEADING CATALYST IN FACILITATING INDONESIA S INFRASTRUCTURE DEVELOPMENT Financing Renewable Energy ( RE ) Project Jakarta, 1 October 2014 PT Sarana Multi Infrastruktur (Persero) 1 About PT Sarana Multi

More information

Guidance on standard scales of unit costs and lump sums adopted under Article 14(1) Reg. (EU) 1304/2013

Guidance on standard scales of unit costs and lump sums adopted under Article 14(1) Reg. (EU) 1304/2013 EUROPEAN COMMISSION European Social Fund Guidance on standard scales of unit costs and lump sums adopted under Article 14(1) Reg. (EU) 1304/2013 Version of June 2015 Please consult http://ec.europa.eu/esf/sco

More information

Integrated Emissions Data Management Framework for Government and Corporate Greenhouse Gas Data Management, Modeling, and Reporting

Integrated Emissions Data Management Framework for Government and Corporate Greenhouse Gas Data Management, Modeling, and Reporting Integrated Emissions Data Management Framework for Government and Corporate Greenhouse Gas Data Management, Modeling, and Reporting Patricia A. Hoyte and James D. Johnson Caiteur Group Inc. and Caiteur

More information

FINANCING OF LOW-CARBON ENERGY TECHNOLOGIES

FINANCING OF LOW-CARBON ENERGY TECHNOLOGIES FINANCING OF LOW-CARBON ENERGY TECHNOLOGIES Juan Alario Associate Director Head of Division, Energy Efficiency and Renewables European Investment Bank (EIB) III International Conference on Energy Innovation

More information

ELECTRICITY MARKET REFORM (EMR) & THE ENERGY BILL INENCO OVERVIEW

ELECTRICITY MARKET REFORM (EMR) & THE ENERGY BILL INENCO OVERVIEW ELECTRICITY MARKET REFORM (EMR) & THE ENERGY BILL INENCO OVERVIEW February 2014 ELECTRICITY MARKET REFORM (EMR) & THE ENERGY BILL The Energy Bill is the government s flagship energy policy. There have

More information

Renewable Energy Solutions

Renewable Energy Solutions Supply Solutions Demand Solutions Renewable Energy Solutions Price Risk Management Utility Energy Management Overview Energy Management Solutions, Inc. (EMS), works globally with companies of all sizes,

More information

Alberta Reliability Standard Cyber Security Configuration Change Management and Vulnerability Assessments CIP-010-AB-1

Alberta Reliability Standard Cyber Security Configuration Change Management and Vulnerability Assessments CIP-010-AB-1 A. Introduction 1. Title: 2. Number: 3. Purpose: To prevent and detect unauthorized changes to BES cyber systems by specifying configuration change management and vulnerability assessment requirements

More information

2. Electric power transmission systems including upgrading and reconductoring projects.

2. Electric power transmission systems including upgrading and reconductoring projects. PSRP Name: Innovative Technology Loan Guarantee Program PSRP Lead Program Office and/or Laboratory/Site Office: Loan Guarantee Program Office (LGPO) PSRP Lead Manager: Douglas Schultz Phone: 202-586-8336

More information

Emerging market for Green Certificates

Emerging market for Green Certificates Emerging market for Green Certificates Dr Marianne OSTERKORN, Director of REEEP Dr Xavier LEMAIRE, SERN/REEEP CONTENT 1. What is a certificate system? 2. How certificates system works 3. What are the benefits

More information

Annex 1 Tool for the demonstration and assessment of additionality

Annex 1 Tool for the demonstration and assessment of additionality page 1 Tool for the demonstration and assessment of additionality 1. This document provides for a step-wise approach to demonstrate and assess additionality. These steps include: Identification of alternatives

More information

Project design: Capacity building for Climate Change management in Turkey (Developing the capacity of Turkey to

Project design: Capacity building for Climate Change management in Turkey (Developing the capacity of Turkey to Project design: Capacity building for Climate Change management in Turkey (Developing the capacity of Turkey to participate efficiently in the international climate change negotiations and voluntary carbon

More information

9 CDM Project Risks and Risk Management

9 CDM Project Risks and Risk Management 9 CDM Project Risks and Risk Management Domestic CDM Project Risks The development and implementation of a CDM project involves a number of complex processes that must be completed in order to have the

More information

GHG Accounting Guidance Note Generic Method for Energy Efficiency Investment Projects

GHG Accounting Guidance Note Generic Method for Energy Efficiency Investment Projects GHG Accounting Guidance Note Generic Method for Energy Efficiency Investment Projects IFC CLIMATE BUSINESS GROUP SEPTEMBER 2011 Introduction The following is an overview guidance for IFC investment staff

More information

EnPC/ESCO in Romania (public buildings and public lighting)

EnPC/ESCO in Romania (public buildings and public lighting) EnPC/ESCO in Romania (public buildings and public lighting) Dana Ionescu EBRD Bogdan Anton Tractebel Engineering 17 November 2014 Content: EU Context Romanian Context Benefits of EnPC / ESCO EBRD specific

More information

Status of China s regional trading programs: progress and challenge

Status of China s regional trading programs: progress and challenge Status of China s regional trading programs: progress and challenge Fei TENG Institute of Energy, Environment and Economy, Tsinghua University 2013 Aug 13-15 Contents Background Pilot project at local

More information

Electric Utilities. Introduction to the module

Electric Utilities. Introduction to the module Introduction to the module The electric utilities module is based on a reporting framework produced by the Institutional Investors Group on Climate Change (IIGCC), Ceres, and the Investor Group on Climate

More information

Official Journal of the European Union

Official Journal of the European Union L 132/32 COMMISSION IMPLEMTING REGULATION (EU) No 447/2014 of 2 May 2014 on the specific rules for implementing Regulation (EU) No 231/2014 of the European Parliament and of the Council establishing an

More information

TERMS AND CONDITIONS

TERMS AND CONDITIONS Virginia Electric and Power Company TERMS AND CONDITIONS XXIV. GENERATOR INTERCONNECTION STANDARD Electric generator interconnection service includes only the ability to interconnect an electric generator

More information

Call for Inputs on the Framework for Various Approaches September 2014

Call for Inputs on the Framework for Various Approaches September 2014 1 Call for Inputs on the Framework for Various Approaches September 2014 The Framework for Various Approaches (FVA): IETA s elaborations on a possible design framework. We have responded to each element

More information

The Clean Development Mechanisms (CDM) What is it? And how can it be used to promote climate protection and sustainable development?

The Clean Development Mechanisms (CDM) What is it? And how can it be used to promote climate protection and sustainable development? The Clean Development Mechanisms (CDM) What is it? And how can it be used to promote climate protection and sustainable development? World Bank Institute Distance Learning Course: Climate Change: An African

More information

Fact Sheet on China s energy sector and Danish solutions

Fact Sheet on China s energy sector and Danish solutions Fact Sheet on China s energy sector and Danish solutions 1. EXPANSION WITH RENEWABLE ENERGY: China focuses on a massive expansion with non fossil energy that is renewable energy and nuclear energy. The

More information

Project based assessments in the Energy Saver Incentive

Project based assessments in the Energy Saver Incentive Project based assessments in the Energy Saver Incentive If you would like to receive this information/publication in an accessible format (such as large print or audio) please call the Customer Service

More information

Copyright, Language, and Version Notice The official language of this [Certification Protocol] is English. The current version of the [Certification

Copyright, Language, and Version Notice The official language of this [Certification Protocol] is English. The current version of the [Certification Copyright, Language, and Version Notice The official language of this [Certification Protocol] is English. The current version of the [Certification Protocol] is maintained on the Bonsucro website: www.bonsucro.com.

More information

CHP & ENVIRONMENTAL COMMODITIES: MARKET & POLICY UPDATE FOR MONETIZING RENEWABLE ENERGY CREDITS FROM CHP PROJECTS. Thomas Jacobsen October 2012

CHP & ENVIRONMENTAL COMMODITIES: MARKET & POLICY UPDATE FOR MONETIZING RENEWABLE ENERGY CREDITS FROM CHP PROJECTS. Thomas Jacobsen October 2012 CHP & ENVIRONMENTAL COMMODITIES: MARKET & POLICY UPDATE FOR MONETIZING RENEWABLE ENERGY CREDITS FROM CHP PROJECTS Thomas Jacobsen October 2012 ELEMENT MARKETS US Emissions House of the Year Launched in

More information

Addendum Combined Heat and Power Revisions to the CPUC GHG Calculator Revised Report

Addendum Combined Heat and Power Revisions to the CPUC GHG Calculator Revised Report Addendum Combined Heat and Power Revisions to the CPUC GHG Calculator Revised Report Prepared for: California Public Utilities Commission 505 Van Ness Avenue San Francisco, CA 94102 Under R.06-04-009 October

More information

The participation of non-generation activities in the GB Capacity Market. Department for Energy & Climate Change

The participation of non-generation activities in the GB Capacity Market. Department for Energy & Climate Change The participation of non-generation activities in the GB Capacity Market Department for Energy & Climate Change 22 January 2015 Presentation today 1 Environmental & Energy Aid Guidelines and nongeneration

More information

Sustainable Finance: Implications of Equator Principles 3.0 for Financiers and Developers

Sustainable Finance: Implications of Equator Principles 3.0 for Financiers and Developers CLIENT MEMORANDUM Sustainable Finance: Implications of Equator Principles 3.0 for Financiers and Developers March 5, 2014 AUTHORS William Thomas Annise Maguire The third iteration of the Equator Principles

More information

The interest factor depends on the perceived risk factor by the banks, past track, growth and profitability trends and the industry profile.

The interest factor depends on the perceived risk factor by the banks, past track, growth and profitability trends and the industry profile. Business loans are offered to small and medium enterprises towards working capital, expansion, or modernization of existing business. It could be either secured or unsecured. The idea is that if there

More information

COMMENTS OF THE SOLAR ALLIANCE NEW JERSEY INTERCONNECTION RULES APRIL 29 TH, 2011

COMMENTS OF THE SOLAR ALLIANCE NEW JERSEY INTERCONNECTION RULES APRIL 29 TH, 2011 COMMENTS OF THE SOLAR ALLIANCE NEW JERSEY INTERCONNECTION RULES APRIL 29 TH, 2011 I. Background The Solar Alliance is a group of approximately 30 of the largest photovoltaic (PV) solar development and

More information

MEMORANDUM OF UNDERSTANDING THE EUROPEAN COMMISSION, THE EUROPEAN INVESTMENT BANK together with the EUROPEAN INVESTMENT FUND,

MEMORANDUM OF UNDERSTANDING THE EUROPEAN COMMISSION, THE EUROPEAN INVESTMENT BANK together with the EUROPEAN INVESTMENT FUND, MEMORANDUM OF UNDERSTANDING between THE EUROPEAN COMMISSION, THE EUROPEAN INVESTMENT BANK together with the EUROPEAN INVESTMENT FUND, and THE EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT in respect

More information

CDB Lending Criteria and Support for EE/RE. Peter Werner, CDB (REEEU) Herbert A (Haz) Samuel, Consultant

CDB Lending Criteria and Support for EE/RE. Peter Werner, CDB (REEEU) Herbert A (Haz) Samuel, Consultant CDB Lending Criteria and Support for EE/RE Peter Werner, CDB (REEEU) Herbert A (Haz) Samuel, Consultant 27 th Aug 2015 CDB support for RE/EE CDB s Energy Sector Strategy promotes Direct investment loans

More information

Integration of renewable energy issues in local planning process

Integration of renewable energy issues in local planning process Integration of renewable energy issues in local planning process Ewa Kochańska Association of Economic Consultants Pro-Akademia Bioenergy for the Region Cluster Agenda 1. Presentation of the Association

More information

World Bank. International Review of Trading Schemes for Energy Saving, Carbon Reduction and Renewable Energy

World Bank. International Review of Trading Schemes for Energy Saving, Carbon Reduction and Renewable Energy International Review of Trading Schemes for Energy Saving, Carbon Reduction and Renewable Energy World Bank Mark Johnson mark.johnson@ricardo-aea.com July 2013 Project objectives Chinese Government is

More information

Office for the CEI Fund at the EBRD. CEI Know-how Exchange Programme (KEP) KEP ITALY. Financed by the CEI Fund at the EBRD contributed by Italy

Office for the CEI Fund at the EBRD. CEI Know-how Exchange Programme (KEP) KEP ITALY. Financed by the CEI Fund at the EBRD contributed by Italy Office for the CEI Fund at the EBRD CEI Know-how Exchange Programme (KEP) KEP ITALY Financed by the CEI Fund at the EBRD contributed by Italy Call for Proposals 201 Date of publication on www.cei.int 29

More information

The EU s 2030 Effort Sharing Agreement

The EU s 2030 Effort Sharing Agreement The EU s 2030 Effort Sharing Agreement Brussels CEPS Workshop, 29.06.2015 Oliver Sartor, oliver.sartor@iddri.org Research Fellow, Climate & Energy Policy, IDDRI Celine MARCY, IDDRI Institute for Sustainable

More information

Tools to support BUR reporting

Tools to support BUR reporting Tools to support BUR reporting The new WRI GHG Protocol Mitigation Accounting Standards Peer-to-peer exchange on BURs Berlin Marion Vieweg 16 October 2014 Overview Context - Reporting of mitigation actions

More information

Financing renewable energies. The role of the banking sector

Financing renewable energies. The role of the banking sector Financing renewable energies The role of the banking sector Milan, 20 June 2014 UniCredit at a glance Key figures (March 2014) UniCredit is a leading European commercial bank with an international network,

More information

Advanced training for tax auditors in the field of computer audit. 1.1 CRIS Number: 2006/018-180.01-03 Twinning No: PL/06/IB/FI/01/TL

Advanced training for tax auditors in the field of computer audit. 1.1 CRIS Number: 2006/018-180.01-03 Twinning No: PL/06/IB/FI/01/TL 1. Basic Information Advanced training for tax auditors in the field of computer audit 1.1 CRIS Number: 2006/018-180.01-03 Twinning No: PL/06/IB/FI/01/TL 1.2 Title: Advanced training for tax auditors in

More information

PROPOSED CHANGES TO THE RISK-WEIGHTING OF RESIDENTIAL MORTGAGE LENDING DISCUSSION PAPER

PROPOSED CHANGES TO THE RISK-WEIGHTING OF RESIDENTIAL MORTGAGE LENDING DISCUSSION PAPER PROPOSED CHANGES TO THE RISK-WEIGHTING OF RESIDENTIAL MORTGAGE LENDING DISCUSSION PAPER November 2003 TABLE OF CONTENTS Summary. 2 Background 3 Treatment of Low Doc Loans.... 4 The use of brokers and other

More information

Promoting the Cross-Border Renewable Energy Market

Promoting the Cross-Border Renewable Energy Market Promoting the Cross-Border Renewable Energy Market Meeting report: Creating a Regional Renewable Market in the Californias Woodrow Wilson International Center for Scholars. Washington, DC January 25, 2010

More information

QUALITY ASSURANCE (QA)/ QUALITY CONTROL (QC) AND VERIFICATION NEELAM SINGH WORLD RESOURCES INSTITUTE

QUALITY ASSURANCE (QA)/ QUALITY CONTROL (QC) AND VERIFICATION NEELAM SINGH WORLD RESOURCES INSTITUTE QUALITY ASSURANCE (QA)/ QUALITY CONTROL (QC) AND VERIFICATION NEELAM SINGH WORLD RESOURCES INSTITUTE PARTNERSHIP FOR MARKET READINESS 3 RD REGIONAL MRV TECHNICAL TRAINING IZMIR, TURKEY SEPTEMBER 17 19,

More information

Energy Efficiency in the Public Sector through ESCOs

Energy Efficiency in the Public Sector through ESCOs Energy Efficiency in the Public Sector through ESCOs Steps forward to developing the ESCO market Toivo Miller Energy Efficiency and Climate Change EBRD - London HQ millert@ebrd.com European Bank for Reconstruction

More information

Environmental sustainability BBC Environment Targets: Performance 2014/15

Environmental sustainability BBC Environment Targets: Performance 2014/15 Environmental sustainability BBC Environment s: Performance 2014/15 BBC Environmental targets The data over the following pages reflects the BBC s continued commitment to reducing environmental impacts

More information

Summary of CIP Version 5 Standards

Summary of CIP Version 5 Standards Summary of CIP Version 5 Standards In Version 5 of the Critical Infrastructure Protection ( CIP ) Reliability Standards ( CIP Version 5 Standards ), the existing versions of CIP-002 through CIP-009 have

More information

Green-e Climate Stakeholder Process Voluntary GHG Project Certification Programs

Green-e Climate Stakeholder Process Voluntary GHG Project Certification Programs VOLUNTARY GHG PROJECT CERTIFICATION PROGRAMS This document provides information to stakeholders about the Gold Standard, a voluntary GHG project certification program. This document is distributed to stakeholders

More information

Communicating Your Commitment: Your Guide to Clean Energy Messaging

Communicating Your Commitment: Your Guide to Clean Energy Messaging Communicating Your Commitment: Your Guide to Clean Energy Messaging Congratulations on your recent purchase of clean energy from Renewable Choice! Whether you ve purchased green power in the form of renewable

More information

Leveraging EU Funds with the Market Financing Instruments for Energy Efficiency at EU / National Level

Leveraging EU Funds with the Market Financing Instruments for Energy Efficiency at EU / National Level Leveraging EU Funds with the Market Financing Instruments for Energy Efficiency at EU / National Level Johannes Feist, KfW European Parliament, Brussels, 4 October 2011 Leveraging EU Funds with the Market

More information

PROJECT MANAGEMENT UNIT CONSULTANT Procurement ref: Country: Bulgaria

PROJECT MANAGEMENT UNIT CONSULTANT Procurement ref: Country: Bulgaria PROJECT MANAGEMENT UNIT CONSULTANT Procurement ref: Country: Bulgaria Sector: Nuclear safety Project number: 17149 Funding sources: KIDSF Contract type: Project goods, works and services Notice type: Invitation

More information

GEORGIAN LAW ON ELECTRICITY AND NATURAL GAS

GEORGIAN LAW ON ELECTRICITY AND NATURAL GAS GEORGIAN LAW ON ELECTRICITY AND NATURAL GAS CHAPTER 1. GENERAL PROVISIONS Article 1. Objectives and Purposes of the Law 1. This law shall regulate relations and activities of Sole entrepreneurs, Physical

More information

What are the steps to adopt Energy Management Systems?

What are the steps to adopt Energy Management Systems? What are the steps to adopt Energy Management Systems? Energy Management Systems ISO 50001 Energy Efficiency in Emerging Economies (E4) Training Week International Energy Agency (IEA) 8-12 June 2015, Paris

More information

Work package 3 Comparison of member state approaches

Work package 3 Comparison of member state approaches Work package 3 Comparison of member state approaches Country overview: United Kingdom Report produced within the CODE project www.code-project.eu January 2011 The sole responsibility for the content of

More information

OPC also provides legislative analysis for, assistance to and testimony before the D.C. Council on utility matters.

OPC also provides legislative analysis for, assistance to and testimony before the D.C. Council on utility matters. FY 2015 PERFORMANCE PLAN MISSION The mission of the Office of the People's Counsel ("OPC" or "Office") is to advocate for the provision of safe and reliable quality utility service and equitable treatment

More information

EIB and the Energy Sector: Potential Synergies with the MED Programme to Support Energy Efficiency Investments

EIB and the Energy Sector: Potential Synergies with the MED Programme to Support Energy Efficiency Investments EIB and the Energy Sector: Potential Synergies with the MED Programme to Support Energy Efficiency Investments Marina Galindo Energy Efficiency and Small Energies Division Projects Directorate EUROPEAN

More information

The Ratio of Leverage. When you combine ignorance and leverage, you get some pretty interesting results. Warren Buffett

The Ratio of Leverage. When you combine ignorance and leverage, you get some pretty interesting results. Warren Buffett The Ratio of Leverage When you combine ignorance and leverage, you get some pretty interesting results. Warren Buffett 1 What is leverage? definition of leverage: debt to equity ratio Basel Commitee: One

More information

WHO WE ARE. THE COMPANY

WHO WE ARE. THE COMPANY Every journey starts with a single step. WHO WE ARE. THE COMPANY One of the major challenges of our day and age is the efficient and sustainable use of the resources available to us whilst considering

More information

ELENA Application Form

ELENA Application Form ELENA Application Form The EIB accepts proposals in English and French. For the application of funding under the ELENA facility the following form 1 must be used. Content of ELENA application form: 1.

More information

Nikko Asset Management Australia. Fixed Income Proxy Voting Policy & Guidelines

Nikko Asset Management Australia. Fixed Income Proxy Voting Policy & Guidelines Nikko Asset Management Australia Fixed Income Proxy Voting Policy & Guidelines December 2013 Table of Contents Contents 1. Purpose/Objective.4 2. Scope. 4 2.1 What does it cover...4 2.2 Who does it apply

More information

Bundling small-scale energy efficiency projects

Bundling small-scale energy efficiency projects Bundling small-scale energy efficiency projects Issue Paper Introduction Energy efficiency projects are characterised by a large variety of size in terms of reduction of energy inputs and emissions Whereas

More information