|
 |
IGES
HOME > CDM Programme > Activities |
|
|
Workshop on Financing Modalities of Clean
Development Mechanism (CDM)
- Identify the financial barrier on CDM project and find out possible
solution -
 |
IGES, together with UNEP RISØ Centre
on Energy, Climate, and Sustainable Development (URC), United
Nations Economic and Social Commission for Asia and the Pacific
(UNESCAP) and Japan Bank for International Cooperation (JBIC),
organised the workshop on 'Financing Modalities of CDM' in
Jakarta on 27-28 June 2005, with the total of about 150 participants
from international financial institutions such as Asian Development
Bank (ADB) and JBIC, private financiers, governments in Asian
countries, project developers, etc.
The workshop explored the financial feasibility of CDM projects and
considered possible solutions to mitigate existing barriers. Through
two days of presentations and discussions, policy solutions were
suggested to the project developers and governments of host countries
and the financiers' proactive actions and support on the implementation
of CDM activities are expected by the project developers.
|
|
27-28 June 2005 |
|
|
Crowne Plaza Hotel
JAKARTA
JALAN GATOT SUBROTO KAV 2-3, JAKARTA, 12930, INDONESIA
Tel: 62-21-5268833 / Fax: 62-21-5268832 |
|
|
- Commercial Bankers (Foreign & Domestic
banks)
- MFIs (ADB) and Bilateral Donor (JBIC)
- Project developers (Local developers or consultants)
- Government officials (Indonesia, The Philippines, Vietnam,
Cambodia, India)
- KADIN(Indonesian Chamber of commerce) member companies,
etc
|
|
|
-Institute for Global
Environmental Strategy (IGES), Japan
-UNEP RISØ Centre
on Energy, Climate, and Sustainable Development(URC), Denmark
-United Nations
Economic and Social Commission for Asia and the Pacific (UNESCAP)
- Japan
Bank for International Cooperation (JBIC), Japan |
|
|
 104KB |
|
|
|
| |
|
|
|
Backgrond
The CDM was established by Article 12 of the Kyoto Protocol. Through the
CDM, an industrialized country invests in projects in a developing country
and obtains credits for achieved emission reductions called Certified Emission
Reductions (CERs). The CDM is intended to provide specific benefits for
developing countries, including transfer of clean technology, foreign direct
investment and an income from the sale of tradable CERs, while attracting
the investments from the private sector in developed countries in return
to the generated CERs. The CDM also assists industrialized countries in
achieving cost-effective compliance with their quantified emission limitations
and reduction commitments under Kyoto Protocol's Article 3.
Getting the CDM into gear will require financial resources. The financial
sector can play an important role in this respect, and, in particular,
provide project financing, lending and insurance for CDM projects. However,
the current involvement of private financial institutions in CDM projects
remains low. This seems because the financing the CDM projects is more
difficult than financing conventional projects due to several sort of unique
barriers for CDM.
Therefore, the work shop aims to explore the financial feasibility of CDM
project from a view of financial institution's behaviour and consider the
possible solution to reduce such barriers. In addition, it is also necessary
to identify policy options which are taken by Host countries and Annex-I
countries for project developers and financial institutions to implement
the CDM projects.
Objectives
| 1) |
To identify the risk and the issues
on financial appraisals when the CDM project will be implemented, |
| 2) |
To consider the way how such risks
and issues are mitigated, and |
| 3) |
To find out the policy solution
to solve them to project developers and the government of
host countries. |
Agenda
|
Day One: 27 June, 2005
|
|
| Opening
Remarks by Organizer |
 |
Mr.Sudariyono,
Deputy for Environmental Conservation,
Ministry of Environment, Indonesia |
|
Dr. Tae Yong
Jung, Project Leader, Climate Policy
Project, IGES |
|
Mr. Rae Kwon
Chung, Director, Environment and
Sustainable Development Division, UNESCAP |
|
Dr. Myung-Kyoon
Lee, Climate Coordinator, Senior
Economist, UNEP RISØ Centre on
Energy, Climate, and Sustainable Development
(URC) |
|
Yohei Ohmi,
Senior Representative, Representative Office
in Jakarta, Japan Bank for International
Cooperation (JBIC)1.1MB |
|
|
SESSION
I : Introduction of workshop
Chair: Dr. Tae Yong Jung, Project Leader, Climate Policy
Project, IGES |
|
Uni/CDM:
Market Instrument - For Developing Country
Participation to the Emission Reduction
of GHGs 485KB
Mr. Rae Kwon Chung,
Director, Environment
and Sustainable Development
Division, UNESCAP |
|
Overview
and Lessons from URC CDM Capacity Building
Initiatives395KB
Dr. Myung-Kyoon
Lee, Climate
Coordinator, Senior
Economist, UNEP-RISØ Centree |
|
Financing
CDM Project Activities in Asia517KB
Mr. Tomonori Sudo,
Senior Policy Researcher,
Climate Policy Project,
IGES and Ms. Yukimi
Shimura, Country
Officer, CDM Programme,
IGES |
|
SESSION
II : Introduction of candidate/potential CDM
projects
Chair: Dr. Myung-Kyoon Lee, Climate Coordinator, Senior
Economist, UNEP-RISØ |
|
Introduction
of Candidate/Potential CDM Projects in
Indonesia610KB
Mr. Tony Liwang,
Vice President, SMART
Research Institute
and Mr. Jun Ichihara,
Country Officer,
CDM Programme, IGES |
|
CDM Project
Pipeline in Cambodia 900KB
Mr. Ouk Navann,
Staff of Climate
Change Office, Ministry
of Environment, Cambodia |
|
Landfill
Gas to Energy CDM Projects-Barriers & Solutions
to Financing 909KB
Mr. Pascual Beltran,
Business Manager,
Philippine Biosciences,
Inc. |
|
Potential
CDM Projects in Viet nam 692KB
Mr. Hoang Manh
Hoa, Senior officer,
International Cooperation
Department, Ministry
of Natural Resources
and Environment of
Vietnamm |
|
Unilateral
CDM Project - Project Developer's Perspective & Financial
Structuring800KB
Mr. Chintan Shah,
General Manager,
SenergyGlobal, India |
|
SESSION
III : Donor's perspectives on Financing CDM
Chair: Mr. Rae Kwon Chung, Director, Environment and
Sustainable Development Division, UNESCAP |
|
ADB's Initiatives
and Perspectives on Carbon Financing444KB
Mr. Toru Kubo,
CDM Specialist, Asian
Development Bank |
|
CDM: A Financier's
Perspective and JBIC Operations364KB
Mr. Toshiro Nishizawa,
Deputy Director General,
International Finance
Department I, Japan
Bank for International
Cooperation (JBIC) |
|
General Outlines
of Japan Carbon Finance, Ltd.260KB
Mr. Yoichiro Matsushita,
Deal Manager, Japan
Carbon Finance Ltd. |
|
| Open
Discussion for Day 1 |
|
|
|
|
Day 2: 28 June 2005
|
SESSION
IV : Commercial Banks perspectives on Financing
CDM
Chair: Mr. Tomonori Sudo, Senior Policy Researcher, Climate
Policy Project, IGES |
|
Mainstreaming
CDM in Finance468KB
Mr. Rey Guarin,
Senior Assistant
Vice President, Climate
Change Program & Special
Projects, The Development
Bank of Philippines |
|
Challenges
in Financing CDM Projects392KB
Mr. Masahiko Umezono,
General Manager,
Structured Finance
Division, Bank of
Tokyo-Mitsubishi,
Tokyo, Japan |
|
Financing
Unilateral CDM Projects in India-The
Next Challenge500KB
Mr.
Mohanjit Singh,
Vice President, Corporate
Finance, Yes Bank,
India |
|
CDM Financing:
Explored655KB
Mr. N Yuvaraj Dinesh Babu, Head,
Climate Change, Asia Carbon International
B.V. |
|
| |
SESSION
V : Host countries' policy on CDM implementation
Chair: Mr. Shinichi Iioka, Programme Manager, CDM Programme,
IGES |
| Indonesia |
| The
Philippines545KB |
| Cambodia128KB |
| Vietnam812KB |
|
SESSION
IV: Roundtable Discussion:
Chair: Prof. Akio Morishima, President, Chair of the
Board of Directors, IGES |
1. What are the
three most important barriers for financing
CDM projects in Asia?
(Focus of the discussion preferably should be on CDM
project financing rather than underlying finance) |
| -Project Developer's
perspective |
-Banking or financial
institutions'perspective
|
a. Host country financial
institutions |
| |
b. Annex I country financial
institutions |
|
|
| 2. What are the
most effective countermeasures to overcome
such barriers in current regime? |
| - International Organizations |
| - Regional bodies-ASEAN |
| - National governments-Annex
I and Non-Annex I governments |
| - Local Governments |
| - Role of intermediaries,
development agencies, etc. |
|
| 3. How can we restructure
CDM in the Post-Kyoto regime? How can post-2012
regime be structured to reduce financial barriers
for CDM? |
| - Financial structure
set-up |
| - Legal framework-contractual
agreements, etc. |
| - Policy options for
unilateral/bilateral CDM |
|
| Closing
Remarks by Organizer |
|
|
Related link
|
|
|
|
|
|
|
