Danish Carbon Credits

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    Jakob FormanProgramme Coordinator

    Danish Environmental Protection AgencyDivision of Climate Change

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    Denmarks commitmentDenmarks commitment

    Under the Kyoto Protocol and the internal EUUnder the Kyoto Protocol and the internal EU

    burden sharing agreement, Denmark hasburden sharing agreement, Denmark hascommitted itself to reduce its emissions of committed itself to reduce its emissions of greenhouse gasses with 21 % in 2008greenhouse gasses with 21 % in 2008 - - 12.12.This corresponds to 8This corresponds to 8 13 Mt per year in 200813 Mt per year in 2008 - -

    2012.2012.Denmark is facing a considerable challengeDenmark is facing a considerable challenge

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    Denmarks climate change strategyDenmarks climate change strategy - - 20032003

    Only domestic measures : Cost 490 to 615 mio.Only domestic measures : Cost 490 to 615 mio.

    EURO.EURO.CostCost--effective measures in Denmark under aeffective measures in Denmark under agiven benchmark and flexible mechanisms : Costgiven benchmark and flexible mechanisms : Cost125 to 240 mio. EURO.125 to 240 mio. EURO.Use of flexible mechanisms primarily a task for Use of flexible mechanisms primarily a task for the private sector under the EU ETS.the private sector under the EU ETS.Government will help get the market up andGovernment will help get the market up andrunning through early investments.running through early investments.

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    Denmarks Purchase ProgrammesDenmarks Purchase Programmes

    Ministry of Foreign Affairs:Ministry of Foreign Affairs:

    Funds available: 80 mill EURO from 2004Funds available: 80 mill EURO from 2004- -0909 CDM from developing countries.CDM from developing countries.

    Ministry of the Environment:Ministry of the Environment: Funds available: 100 mill EURO from 2003Funds available: 100 mill EURO from 2003- -0909 JI and CDM from Eastern Europe and CentralJI and CDM from Eastern Europe and Central

    Asia.Asia.

    This isThis is DanishCarbon.dkDanishCarbon.dk

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    Three ways of buying Carbon Credits

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    Carbon Credits through Carbon Funds

    Carbon Financeat theWorld Bank

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    Carbon Credits through projectsCarbon Credits through projects - - ResultsResults

    11 contracts signed on JI projects11 contracts signed on JI projects

    6.4 mio. tons CO6.4 mio. tons CO 22 reductions/credits.reductions/credits.1.2 mio. tons CO1.2 mio. tons CO 22 reductions/credits in tworeductions/credits in twoRussian projectsRussian projects2 mio. tons CO2 mio. tons CO 22 credits as options on existingcredits as options on existingcontracts.contracts.1515--20 projects in the pipeline including some20 projects in the pipeline including someCDM projectsCDM projects

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    Five projects fully implemented generatingFive projects fully implemented generatingemission reductionsemission reductions

    Biomass Energy in 5 cities in RomaniaBiomass Energy in 5 cities in RomaniaGeothermal Energy in Oradea and Beius inGeothermal Energy in Oradea and Beius inRomaniaRomaniaAgropolychim N2OAgropolychim N2O- -reduction Project in Bulgariareduction Project in Bulgaria

    Lovochemie N2OLovochemie N2O- -reduction Project in the Czechreduction Project in the CzechRepublicRepublicZakopane Methane Utilisation Project in PolandZakopane Methane Utilisation Project in Poland

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    The CDM programme administered byThe CDM programme administered bythe Danish Ministry of Foreign Affairsthe Danish Ministry of Foreign Affairs

    The programme focuses on five countries for theThe programme focuses on five countries for thedirect purchase of CERs: Thailand, Malaysia,direct purchase of CERs: Thailand, Malaysia,Indonesia, China, South AfricaIndonesia, China, South Africa

    Contracted projects:Contracted projects:3 projects in Thailand (1,400,000 CERs)3 projects in Thailand (1,400,000 CERs)1 project in Malaysia (200,000 CERs)1 project in Malaysia (200,000 CERs)

    1 project in South Africa (450,000 CERs)1 project in South Africa (450,000 CERs)1 project in Egypt (600,000 CERs)1 project in Egypt (600,000 CERs)Around 20 projects in the pipelineAround 20 projects in the pipeline

    www.danishcdm.dkwww.danishcdm.dk

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    The CDM programme administered byThe CDM programme administered bythe Danish Ministry of Foreign Affairsthe Danish Ministry of Foreign Affairs

    Future strategy:Future strategy:

    Assist Danish companies in their purchase of COAssist Danish companies in their purchase of CO 22credits.credits.Strengthen the Danish commitment to promoteStrengthen the Danish commitment to promotethe transfer of cleaner technologies to LDC.the transfer of cleaner technologies to LDC.

    Stimulate a more equal geographical distributionStimulate a more equal geographical distributionof CDM project activities.of CDM project activities.

    www.danishcdm.dkwww.danishcdm.dk

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    The Danish CDM ApproachThe Danish CDM ApproachCapacity BuildingCapacity Building

    CDM Capacity Building is part of developmentCDM Capacity Building is part of developmentcooperation:cooperation:in Environmental Cooperation countriesin Environmental Cooperation countriesin Synergy with Capacity Development andin Synergy with Capacity Development andSustainable Energy ProgrammesSustainable Energy Programmesincludes general CDM information and awarenessincludes general CDM information and awareness

    buildingbuildingfocus on Government Institutions/DNAsfocus on Government Institutions/DNAssupport to Project Developmentsupport to Project Developmentsupport to capacitating consultants and lawyerssupport to capacitating consultants and lawyers

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    Capacity Building and Technical Assistancefor Central and Eastern Europe

    Denmark supports capacity building in a number of JI-countries:

    Russia: Regional pilot inventories, criteria for approval of JI projects, legal adviceRomania: National Climate Strategy and Action Plan,

    National Climate Change RegistryBulgaria: Implementation of EU ETS, National ClimateChange Registry, draft legislation for track 1 complianceUkraine: Support for track 1 compliance

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    For more information

    www.DanishCarbon.dkand

    www.danishcdm.dk