80753 Annual Report 2010 Using Carbon and Climate Finance to Promote Low Carbon Development Climate Change CDM knowledge sharing Institutional Development Carbon Market Development Capacity Building Technical Assistance Project methodologies A B Table of Contents 2 FOREWORD 5 2009 – 10 At a Glance 6 1. Introduction 8 2. Carbon Finance-Assist 8 The Program 9 Operational Approach 11 Regional Coverage 18 3. Work Program Activities 18 Learning 20 Knowledge Exchange 21 Innovative Platforms and Networks 22 Key Lessons 23 4. Future Outlook 24 5. Conclusion 25 Annexes 25 Annex 1: List of CF-Assist Events 2009-10 26 Annex 2: Regional Distribution of Events and Events Participation 27 Annex 3: List of Acronyms 1 Messages specialists on current and cutting edge issues related to carbon finance. CF-Assist is also providing a powerful tool in support of the change being undertaken by WBI, moving from a ‘retail’ model to a more ‘wholesale’ model of learning through the development of e-learning programs, partnerships with Sanjay Pradhan regional organizations and the use of new Joelle Chassard Vice President technologies. This change has enabled Manager, Carbon Finance Unit World Bank Institute reaching, in a cost-effective manner, a World Bank larger group of practitioners, as well as Climate change poses a serious challenge strengthening developing countries’ ability In 2009, the World Bank’s Carbon Finance to development and fighting poverty, to cope with the consequences of climate Unit celebrated its first decade of work policies and regulatory frameworks. the two principal objectives of the World change, while promoting a low carbon in the international carbon market. The CF-Assist, the Bank’s capacity building Bank. Carbon Finance Assist (CF-Assist), growth path. Bank took a leadership role in exploring program, has been instrumental in a trust fund administered by the World CF-Assist is evolving in response the use of market mechanisms for climate accelerating developing country Bank Institute (WBI), was established to to changing realities, including an uncertain mitigation by creating carbon funds that participation in the global carbon market. help carry out these objectives. It actively outcome of the international negotiations for would generate a demand for emission Through its activities, the Bank supports implementation of the World a post-2012 regime, the growing importance reductions. is pushing the envelope in new directions Bank’s development and climate change of climate finance beyond carbon finance, Today, the World Bank in order to remain at the forefront of agenda, focusing on capacity building for and the necessity of dramatically scaling up manages over US$2.5 billion across its carbon finance. We work with developing carbon finance activities. finance for low carbon development. In this eleven carbon funds and facilities, of forest countries to help strengthen their Over the last four years, CF-Assist Annual Report, you will find new initiatives which close to two billion is already framework and processes for reducing has promoted carbon market development through which CF-Assist is beginning to committed, with 24 governments and 66 emissions from deforestation and forest in Latin America, Africa, Eastern Europe address these challenges and changing private companies from various sectors degradation (REDD). The Bank also aims and Asia through a formidable range of realities, including a new program focused making financial contributions. Carbon to move from project-based emission activities, including training programs, on low carbon growth and a South-South finance has matured over the years, reductions to programmatic approaches, learning and knowledge sharing and exchange on urban poverty and climate and our work continues to break the developing scaled-up projects post-2012. institution building. Given its structural change between mayors of mega cities. mould and demonstrate that emission We hope that the valuable experience and operational arrangement – placed Jointly, with our regional and reduction projects can be implemented in gained by CF-Assist thus far through its within the WBI Climate Change (WBICC) intergovernmental partners, clients and developing countries in key sectors. trainings and technical assistance will Practice and the World Bank Group – the donors, WBI and CF-Assist are looking The World Bank has pioneered help build a successful next generation program is well equipped to connect forward in order to meet the challenges various approaches and market of capacity building programs for carbon practitioners, technical experts and policy that lie ahead. instruments, and has helped to set up finance and market development. 2 Konrad von Ritter to our donors and partners and greatly Venkata Ramana Putti, who, after 3 years of you will have received our e-Bulletin Manager, Climate Change Practice benefited from the feedback and support of building up the CF-Assist program, has to keep you informed on a regular basis World Bank Institute we received. moved into the Energy Department. of the many other CF-Assist activities being undertaken, including regional fora, Last year was an important milestone for We also clarified our approach to capacity Last year also saw some exciting new Program of Activities (PoA) workshops and CF-Assist as it completed its first phase development in line with WBI’s major CF-Assist initiatives, including the Task the Carbon Expo. and obtained support from key donors to business lines, including: structured Force of Mayors on Urban Poverty and initiate a second phase from 2010 to 2013. learning programs to be delivered Climate Change, which was born at the Looking forward, we are conscious of the together with regional partners; South- Mayors’ Summit in Copenhagen. Task Force uncertainties surrounding the future of This transition brought with it important South knowledge exchange between members include the mayors of Mexico the carbon market and climate regime, changes. We revisited CF-Assist’s practitioners; and on-the-ground support City, São Paulo, Dar es Salaam and Jakarta, but remain convinced that strengthening strategic priorities and adjusted them in the application of knowledge for as well the mayor of Toronto, who serves capacity in programmatic approaches, cities in response to observed and anticipated tangible development results. All three as the Chair of the C40, a group of cities and blending climate finance are no-regret changes in the carbon market. While the elements are well represented in CF-Assist’s committed to tackling climate change. CF- investments under all possible future overall objective remains the creation of new work program. Assist supports the Task Force, specifically climate regimes. capacity in partner countries to engage regarding the identification of carbon in the carbon market in support of their Last, but not least, organizational and finance options that benefit slum dwellers. We are therefore deeply grateful to our sustainable development goals, CF- leadership changes have been made. We also launched a new e-learning donors Spain, Australia and Denmark for Assist will focus on the following three We created a Climate Change Practice program on the basics of the Clean their continued trust and support of CF- priorities: i) scaling up carbon finance at WBI, which is now the administrative Development Mechanism (CDM) and Joint Assist and, in particular, Switzerland for its from the project to the program level; ii) home for CF-Assist, facilitating the link Implementation (JI), which is currently very generous supplemental contribution, deepening the capacity of cities to access with other climate change activities. We being piloted with a group of designated which allows us to pursue this important and carbon finance for urban development; also have a new CF-Assist team leader, national authorities (DNAs), and being unfinished agenda during its next phase. and iii) enabling countries to blend Kai-Uwe Schmidt, who many in the CDM adapted to Spanish for our Latin American carbon finance with other forms of world know from his tenure at the UN clients by our partner Tec de Monterrey. climate finance for low carbon growth. Framework Convention on Climate Change In the coming year, we are seeking similar We presented these three strategic pillars (UNFCCC) Secretariat. He has replaced partnerships for Africa and Asia. Many 3 4 2009-10 At a Glance Carbon Expo 2009 / 2010 World’s largest annual carbon market platform Host Country Committee Meetings Two held in Cologne and Copenhagen Regional Carbon Forums Held in Africa, Latin America and South Asia Cities and Climate Change New Climate Finance Capacity Program Knowledge Management E-learning programs being developed on carbon finance and the energy sector Climate Summit for Mayors at COP 15 Focused on the growing role of cities in implementing low carbon and climate-resilient strategies CDM Program of Activities Workshops Five workshops held in Africa, Asia and Latin America 5 1. Introduction C Carbon Finance Assist (CF-Assist) is a result of CF-Assist and similar capacity a corporate program of the World building programs of other agencies Bank designed to help developing (e.g., Capacity Development for CDM countries and economies in transition (CD4CDM) of UNEP). Several countries in participate more effectively in the rapidly Asia and Latin America have successfully growing carbon market. The World Bank established the conditions necessary Institute (WBI) manages this program, for utilizing carbon finance. However, which trains and educates people who considerable effort is still needed in will be crucial catalysts in their countries some countries and regions, especially in promoting the deployment of clean in Sub-Saharan Africa and Central Asia, technologies. which have not benefited much during the first commitment period of the Kyoto In the early days of the carbon market, Protocol, which expires in 2012. lack of knowledge and experience in most developing countries and economies However, as the global debate now in transition was a key problem. It moves towards a new regulatory regime prevented these countries from playing post-2012, albeit slowly and with many an effective role in the emerging market uncertainties, capacity building needs and expanding their reach. As a response, are evolving as well. New instruments CF-Assist has designed and implemented and concepts, such as programmatic and capacity building programs over the last sector-specific approaches, have emerged four years, focusing on strengthening or are being discussed, and the need to regulatory institutions, helping to scale up activities has grown significantly. put procedures in place and creating The ultimate goal is to gradually integrate professional expertise through training. carbon finance into overall finance for Much has been achieved in this regard as low carbon development that pushes 6 infrastructures and economies towards emerging challenges and is poised a sustainable future. Our new initiatives to significantly expand its scope and and strategic work program aim to reach. This report will first summarize accommodate this goal. some important program achievements, impacts and challenges during this CF-Assist has now been up and running period. Second, it will articulate the for more than four years. In many strategic direction for future capacity countries, the initial phase of capacity building and outline the initiatives building – basic training, establishing/ launched to meet the priorities set. strengthening designated national authorities (DNAs), etc. – has been completed. CF-Assist is now embarking on new activities to respond to the Carbon Finance at the World Bank The carbon market is an important mechanism to mitigate climate change. The World Bank has been a pioneer in developing and promoting this market, having designed the first ever instrument in the form of the Prototype Carbon Fund. Since then, the Bank has utilized more than US$2 billion – mobilized from governments and companies in industrialized countries – over the last decade to purchase emission reductions from clean technology projects in developing countries. These operations have helped to generate several billions of dollars of investment across Asia, Latin America and Africa. As the international community now tries to negotiate a new global climate treaty, the World Bank has launched the Carbon Partnership Facility and the Forest Carbon Partnership Facility to pioneer the next generation of carbon market initiatives, which aim to help market continuity, scale up carbon finance and extend the reach of carbon trading. 7 2. Carbon Finance-Assist 2.1 The Program and Transport Department and others on • Scaling up carbon finance through frameworks for implementing low various knowledge programs. programmatic approaches and carbon strategies. CF-Assist, a multi-donor trust fund set providing information on the • Integrating carbon finance into up as a capacity building and technical Since its inception, CF-Assist has aimed evolving global regulatory framework climate finance to promote low assistance program to complement to help developing countries and and emerging market instruments. carbon development, which involves the World Bank’s carbon funds, was economies in transition to effectively • Expanding the use of carbon finance building skills to use analytical tools, proposed in 2004 and formally launched participate in the carbon market and in urban areas, including fostering fostering peer-to-peer exchanges in mid-2005. While some activities benefit from the flexible mechanisms development of programmatic of knowledge on strategic low under CF-Assist were designed in 2005, under the Kyoto Protocol, specifically the carbon finance programs, supporting carbon development assessments, actual implementation did not begin in Clean Development Mechanism (CDM) the preparation of low carbon identifying sector-specific mitigation earnest until early 2006. CF-Assist has and Joint Implementation (JI). development strategies for cities, activities and accessing new sources been managed by WBI since 2006, when and helping establish institutional of climate financing. it was transferred from the Environment CF-Assist works in various developing Department. In addition to direct countries to: contributions from donors, CF-Assist has Chart 1: Management Structure of CF-Assist also been administering the Prototype • build human and technical capacity; Carbon Fund (PCF) plus program – the • put in place the necessary precursor to CF-Assist – which uses institutional and legal infrastructure; interest income from the PCF. • help create and manage carbon assets Regional in specific mitigation sectors; and Operations Development After three years of capacity and • help reduce costs of participation in Donors Partners institution building, CF-Assist is now the carbon market. expanding and setting strategic priorities, influenced by various developments, In implementing these activities, HCC including: ongoing negotiations for a CF-Assist has endeavored to promote World Bank new international climate regime beyond the necessary conditions to accelerate Institute Clients 2012; and the World Bank’s Strategic the deployment of clean technologies Framework on Development and Climate and their contribution to sustainable Change. Thus, since 2008, CF-Assist has development in developing countries. Advisory been working towards closely aligning its Group program activities with other World Bank Responding to the political, economic Regional/Country initiatives. Towards this end, CF-Assist has and technological challenges ahead, Carbon Finance Partners entered into internal partnerships with CF-Assist has crafted a “Strategic Work Unit the World Bank’s Carbon Finance Unit Program 2010-2013”, which emphasizes (CFU), the Energy Sector Management three major directions: Assistance Program (ESMAP), the Urban 8 At CF-Assist’s yearly donor meeting 2.2. Operational Approach some country programs directly, as Capacity building during COP 15, donors strongly well as regional and global activities, The capacity building component endorsed these strategic directions CF-Assist works with internal and and provides technical expertise and includes training, institutional support for CF-Assist and supported extending external partners in executing its monitoring for programs implemented and project portfolio development for the Trust Fund by another three years. activities. Overall management rests with by partners. The CFU provides technical countries and regions. It focuses on four Switzerland pledged US$4.5 million, WBI’s Climate Change (WBICC) Practice. and operational assistance. basic modules: which includes funding for the Cities Program implementation is undertaken and Climate Change program. in collaboration with the World Bank’s CF-Assist also draws support from many • establishing/strengthening effective six operational regions: Sub-Saharan external partners who collaborate in DNAs and, in the context of Africa (AFR); Middle East and North organizing events, conducting training preparing for scaling up in support Africa (MNA); Europe and Central Asia programs and providing technical of low carbon development, (ECA); East Asia and the Pacific (EAP); services. CF-Assist is supported by two strengthening capacity of other South Asia (SAR); and Latin America and external committees, which provide relevant ministries; the Caribbean (LAC). oversight and monitoring of the work • carbon finance project and program: the Host Country Committee programme development; CF-Assist has work program agreements (HCC), which represents over 50 • baseline and monitoring (WPAs) with the six regions to developing countries and convenes methodologies and tools/methods implement many country programs. twice a year; and the Donor Committee, for identifying opportunities for The WBI anchor team implements which represents all CF-Assist blending financial instruments to contributors. Internally, an Advisory support climate change resilient low Group, which meets periodically, is carbon development; and comprised of regional carbon finance • negotiating fair and equitable coordinators, CFU and International emission reduction purchase Finance Corporation (IFC) representatives agreements. and other subject experts. The goal of capacity building is to: CF-Assist, which originally began with a accelerate knowledge sharing by US$10 million fund with supplemental development practitioners; help increase contributions, has now grown to a total capacity in developing countries to envelope of about $19 million over a undertake strategic assessments on low period of six years carbon development; develop policies and measures for appropriate emission In its operations, CF-Assist has three main reduction plans in select sectors; work components: capacity building; and access innovative financing for market development; and outreach. programmatic climate mitigation action. 9 Market development The market development component facilitates regional and global events, supports analytical work and attempts to increase financial sector participation in carbon finance. Flagship events include the annual Carbon Expo and regional Carbon Forums. CF-Assist also addresses how to remove technical, institutional and/or financial barriers for clean technology projects. Since a lack of underlying finance is a key obstacle to investing in low carbon projects in developing countries, CF-Assist targets the financial community to get them more involved in carbon finance and blending financial instruments to support climate change-resilient, low CF-Assist carbon development. CF-Assist also supports various technical studies to • CF-Assist is designed to be largely a demand-driven program responding to identify potential in specific sectors and clients’ needs. helps set up special instruments at the country/regional level. • CF-Assist differentiates between short- and long-term capacity needs. Implementation is designed to increase the depth of programs through Outreach different phases. CF-Assist uses multimedia tools to inform the public and stakeholders • CF-Assist emphasizes country participation in the carbon market, with project about the state of the carbon market. identification as an outcome. Identified projects are offered to the carbon Currently, it is in the process of market with the World Bank’s carbon business as the buyer only as a last resort. designing a series of e-learning packages on important aspects of carbon finance, • CF-Assist pursues strategic partnerships with both public and private global, containing audio-visual presentations, regional and national organizations to leverage expertise and resources. case studies, simulation games and interactive guides. 10 2.3. Regional Coverage 20 countries in 2008-09. The program CF-Assist also co-organized seven Carbon The charts below illustrate the regional created new DNAs, strengthened Expos and 30 regional events, including distribution of country training programs CF-Assist’s training and capacity building national institutions and helped develop carbon forums in Africa, Asia, Central Asia, for the years 2005-2010, as well as the programs are conducted in developing special instruments, such as sellers’ the Middle East and North Africa, Latin distribution of participants in country, countries in all regions of the world. CF- funds in Argentina and Mexico and the America and Caribbean and South Asia. regional and global events for 2005-10. Assist trains governments, municipalities, CDM Fund in China. CF-Assist has had a CF-Assist commissioned studies and The chart on the far right compares the business organizations and companies presence at some level in approximately reports on carbon mitigation potential number of participants per region from from client countries in carbon finance 66 countries, including countries in select sectors and regions, such as the country training programs and regional issues, and helps them gain access to where Green Investment Scheme (GIS) energy and cement industries in Sub- events for 2009-2010. It highlights the discussion forums, research findings and studies were conducted and those with Saharan Africa and the forestry sector in clear shift that has been taken place practical experiences. CF-Sustainable Energy in Africa (CF- Sri Lanka. The sub-sections on pages 12- from national towards regional activities, SEA) activities were implemented in 17 describe significant regional activities particularly in Africa and Latin America During its four years of implementation, collaboration with UNEP Risoe. and developments. (For detailed figures, see aggregate CF-Assist conducted over 70 national- activity data tables on page 26). level training programs in more than 50 countries, including 24 programs in Regional Distribution of Events and Events Participation Country Training Europe Programs Participants & Central Asia Regional Events 2009-10 14% South Asia 27% 800 Regional Events 26% & Carbon Fora 2009-10 700 Participants 600 Africa Middle East 31% & North Africa 500 5% 400 East Asia Country & Pacific 300 Training 18% Programs 200 22% South Asia 100 Middle East Latin & North Africa Latin America Global Expo Europe America 0 East Asia & Central & Caribbean & Caribbean 51% Africa & Pacific Asia 6% 11 Sub-Saharan Africa Accra, Ghana, on project identification Sub-Saharan Africa (AFR) is the region and appraisal for the African banking that has benefited least from the carbon industry. 35 participants, representing market and carbon finance development project developers from the forestry, due to the lack of capacity and access to energy and petroleum sectors, as well as finance and an insufficient institutional Ecobank staff, attended the event. The environment. To help the region overcome training was presented via ten sessions, some of these obstacles, CF-Assist has been each developed around the same implementing a focused program entitled pedagogical approach, which included ‘Africa Assist’, and has played an important the use of quizzes, presentations, group role in the Nairobi Framework, an inter- exercises, and question and answer agency network for coordination of sessions. As part of the assignments, capacity building work in the AFR region. participants analyzed market and carbon project risks, and identified possible CDM Since its launch, CF-Assist’s efforts in projects. They also had the opportunity Sub-Saharan Africa have led to notable to apply their knowledge in terms of achievements, namely: establishment case studies, e.g., by evaluating the of three new DNAs in Botswana, Sierra impact of carbon revenues in wind Leone and the Gambia; implementation power and biogas projects. of 11 country programs; identification of 65 carbon finance projects; and In December 2009, CF-Assist facilitated Bissau, Cote d’Ivoire, Niger, Togo and The most prominent related event has convening of 16 national training a workshop in Ouagadougou, Burkina Senegal. Since UEMOA is working to certainly been the second Africa Carbon workshops and four regional workshops. Faso, on Climate Change and Carbon link climate change mitigation and Forum, held in Nairobi in March 2010, Finance in cooperation with the Union development, and pays special attention where the Nairobi Framework partners The focus within the last year has been Economic et Monetaire Ouest-Africaine to the energy, agriculture and forestry again joined forces to build on the success to further build upon the foundations (UEMOA), an important interlocutor sectors, it acts as an important catalyst of the previous Forum, held in Dakar, laid with events that emphasize the within the African Union, teaming with in the region. After the workshop, Senegal, in 2008. The 2010 Forum’s - an region’s needs. other regional economic communities. participants were able to identify event attended by 832 participants - core The workshop’s objective was to provide carbon finance opportunities based on objective was to share experiences with In collaboration with Ecobank, UNDP, hands-on support regarding carbon their project and program portfolio, CDM projects, learn about the latest IFC, the Volta River Authority and the finance and mitigation, by targeting with the aim of eventually leading to developments in emissions trading and the Ghana Energy Commission, CF-Assist delegates working on projects and the development of CDM projects and future of the CDM, analyze national and facilitated, coordinated and delivered programs in the West African countries Program of Activities (PoA). international climate change mitigation a training course in June 2009 in of Benin, Mali, Burkina Faso, Guinea policies, and facilitate the negotiation 12 In order to speed up this process, CF- Nairobi Framework Since 2009, the focus has been shifting Assist facilitated a regional workshop in toward developing the CDM PoA Tunis on CDM PoA for the Middle East The Nairobi Framework was launched by UN Secretary-General Kofi Annan in 2006 approach, which will help overcome and North Africa in January 2010. It to help developing countries, especially those in Sub-Saharan Africa, increase their some of the limitations of the CDM’s was mainly designed for DNAs, banking participation in the CDM. CF-Assist represents the World Bank in this framework project-oriented regulations. These institutions, officials from the energy along with UNEP, UNDP, UNITAR, UNCTAD and the UNFCCC. include, for example, high transaction sector and potential PoA developers costs, which have discouraged the in the region. It aimed to increase preparation of small- to medium- awareness of PoA development and size projects in many areas where explore opportunities for PoA in the of emission reduction activities. It continues to limit participation in the the potential for reducing emissions proposed Clean Technology Fund (CTF), consisted of a carbon investment trade carbon market. CF-Assist will therefore appears to be economically reasonable as well as in the Mediterranean Solar fair, a conference and policy forum intensify its efforts to help the region and feasible. CF-Assist is working to Plan. The workshop also aimed to deepen for African DNAs and climate change utilize carbon and climate finance in the enable these countries to utilize this the understanding of PoA among DNA officials, and targeted capacity building. months to come, mostly through scaling new approach in order to scale up and energy stakeholders, particularly It also organized matchmaking and deal up funding and program activities. deployment of low carbon technologies. regarding specific technical requirements facilitation sessions for potential CDM project participants and developers to With regard to the important sub- present their projects to investors and national target group of cities, a number Voice from the Africa Carbon Forum 2010 in Nairobi, Kenya carbon buyers. WBICC Practice organized of activities have taken place and are a one-day session focusing on carbon detailed below in section 3.1. finance opportunities for cities. Based on “One of the first problems I can point out is that knowledge of carbon the success and increased momentum in Middle East and North Africa projects in Africa is still very low, not only with the general public but the region, partners agreed to increase the Work programs in Morocco, Tunisia and also with our politicians. They do not seriously grasp the importance of frequency of the event and to hold the Egypt were among the first launched carbon projects in Africa. This kind of conference is really enlightening third Africa Carbon Forum in March 2011 under CF-Assist and were completed in Morocco. in Fiscal Year 2009. CF-Assist’s work in many Africans, both leaders and key players.” this region aimed to promote the waste Despite the efforts and obvious progress management sector, in particular. Technical Dr. Moses S. Ngegba – Carbon Manager, Green Resources Ltd., Tanzania made over the last four years, serious assistance has also been initiated in gaps still exist in many Sub-Saharan Lebanon, focusing on strengthening DNA countries in terms of their capacity, which and CDM portfolio development. 13 related to preparation, structure program in May 2009 in which the and monitoring, as well as potential Chinese experience and best practices China CDM Fund applications in the region. were shared with other developing countries in order to promote the CDM. To promote sustainable development, China has set up a CDM Fund, which is CF-Assist continues to support financed by a tax on carbon revenues from industrial gas projects. CF-Assist important regional financial institutions Given the strategic focus on carbon has supported establishing this Fund and developing an Action Plan. The Fund in the region, including the National finance for cities and CDM PoA, CF- would support the China National Climate Change Program through promotion Bank of Egypt and Fonds Communal de Assist organized a workshop for Quezon of climate change-related science and technology research and capacity l’Equipement (FEC) of Morocco. Both City and other cities in the Philippines enhancement in mitigation and adaptation. The Action Plan will implement institutions can play active roles by: in September 2009, which was the first projects through 2009-10 under the current Five Year Plan and beyond. in a series of customized city-level • changing their lending practices to learning events. The purpose was to encourage cleaner technology projects; help cities better understand CDM PoA particularly in the urban context. At this Cities and carbon finance was also • acting as financial intermediaries for and how to make it work for urban regional event, experts in developing the topic for a workshop entitled carbon projects; development. Quezon City is one of six PoA, climate negotiators, representatives “Carbon Finance Capacity Building • enhancing their understanding of cities selected under CF-Assist’s Carbon from cities throughout East and South (CFCB) Program in Emerging Mega CDM practice; and Finance Capacity Building Program Asia, and colleagues from international Cities of the South”, held in Jakarta, • mainstreaming carbon finance into for Emerging Mega Cities to receive organizations shared experiences and Indonesia, in November 2009. The their portfolio of projects. hands-on support in developing carbon discussed challenges and opportunities workshop’s goals were to provide finance programs. for PoA development. Working groups technical assistance to local officials Thus, CF-Assist aims to address key identified renewable energy as having and to establish the CFCB program in obstacles related to limited access to As a result of the workshop, Quezon the greatest potential to assist in the city. Around 60 local civil servants carbon finance for the CDM in the MNA City requested WBI to help in a rapid reducing emissions in cities. Waste attended the workshop, attesting to region. assessment of PoA opportunities as management was rated as having good the program’s firm endorsement by the city considers introducing energy potential, while transport ranked lowest. Governor Fauzi Bowo, who by official East Asia efficient street lighting. Currently, decree appointed a core CFCB task In China, the most successful CDM Quezon City is exploring the possibility CF-Assist also cooperates with the team. The CFCB program and related country in the world, CF-Assist of setting up a demonstration project Bangkok Metropolitan Administration capacity building activities in Jakarta focused initially on facilitating CDM to test various efficient street lighting on energy efficiency in buildings and will focus on waste management, legislation. Later, CF-Assist supported the options and to measure their energy is currently exploring carbon finance which the city has identified as its establishment of the CDM Fund. More efficiency benefits, durability and other options for this huge modernization highest carbon finance opportunity. recently, CF-Assist has supported the product qualities. effort. In order to achieve this, a Jakarta is also participating in the development of a 2009 report on China’s knowledge exchange between Bangkok World Bank Global Dialogue Series for CDM program that shed light on factors Another workshop was held in Bangkok and Paris was established to better Mayors and will be part of a task force contributing to its success. CF-Assist also in September 2009, with the goal identify solutions for energy efficiency to better link efforts for tackling urban facilitated a South-South cooperation of making a business case for PoA, in buildings. poverty with climate change. 14 South Asia efficiency to promote programmatic projects or lacked awareness on the Turkey, the latest entrant to the Kyoto With the successful convening of approaches. Work programs in these issue, but within a year, it had managed Protocol, having ratified in March 2009, the third Carbon Market Conclave in sectors are planned for 2010. to develop over 60 CDM project requested the World Bank for assistance September 2009 in New Delhi, the event concepts. By April 2009, Uzbekistan had in capacity building and institutional has established itself as the premier Europe and Central Asia six registered projects. Rapid assistance structuring for implementing Kyoto platform for carbon market stakeholders Most countries in this region are workshops were also conducted in activities, including carbon mitigation in India. The Conclave, organized by relatively new entrants to the Kyoto Albania, Armenia, Azerbaijan, Belarus (JI projects. CF-Assist organized two the Federation of Indian Chambers of Protocol and have had little exposure country), Bosnia, Georgia, Macedonia, workshops on “Opportunities in the Commerce and Industry (FICCI), with CF- and capacity for carbon finance Moldova and Serbia, with pending Carbon Market” in Ankara and Istanbul Assist and the International Emissions development. Hence, CF-Assist in requests in Kazakhstan. in June 2009. Their main objective Trading Association (IETA) as co- this region has focused on providing was to help build capacity in Turkey organizers, and sponsored by the Indian rapid assistance in the basics of the CF-Assist is supporting a study to to access opportunities in the carbon Ministry of Environment and Forests, Kyoto mechanisms and helping project determine the grid emission factor market. The workshop sessions in attracted over 400 stakeholders and led developers identify specific projects in Ukraine, which will be extended to Ankara were targeted primarily at to the active engagement of carbon through targeted technical support. Belarus and Moldova. These countries government officials and business market players from across the globe. need to rehabilitate aging thermal and trade associations, while those in power plants and railway networks, and Istanbul were targeted at private sector In India, efforts are also under way to Among the various countries in the use electricity instead of diesel engines carbon finance project developers. The develop capacity building programs region, Uzbekistan has been the main to run trains. Because this could lead to workshops were co-sponsored by UNDP in specific sectors such as railways, success story. At the time of CF-Assist’s potential carbon finance projects, the and the Government of Turkey. urban waste management and energy first workshop, the country had no grid emission factor is important. 15 On a personal note, the CF-Assist important CDM project ideas pipeline. team, friends and colleagues in the Hence, CF-Assist focused its programs World Bank Group and counterparts on enhancing CDM governance at in the region deeply regret the sudden the national level, carbon market death of Antonio C. Lim in October facilitation in prioritized sectors, and 2009. Antonio (Tony), native of the diversification and further expansion of Philippines, had been working at the national CDM project pipelines. Sustainable Development Unit of the World Bank since 2007, where he was In moving forward and bearing in mind the representative for the European and that the international carbon market Central Asia region working on climate is advancing, CF-Assist activities in change-related issues. He was a tireless Latin America are shifting their focus campaigner for climate change and to thematic niches (e.g., programmatic carbon finance, and worked diligently CDM in sustainable urban development) to bring about a better appreciation for and collaboration with regional/sub- and raising awareness of climate issues regional organizations for sharing and challenges in a number of countries information, exchanging knowledge and in the region. He will be remembered raising awareness. by colleagues for his great enthusiasm, personal dedication, dependability and One such activity is the Latin American exceptional work ethics. Carbon Forum, which met for the related issues, the CDM and the carbon agencies. The objective was to promote fourth time in June 2009, in Panama market. The event in Panama followed the CDM and the voluntary carbon Latin America and the Caribbean City, and was organized by UNEP events in: Quito, Ecuador, in 2006; Lima, markets as environmental business Most Latin American countries Risoe, the Latin American Energy Peru, in 2007; and Santiago, Chile, in opportunities. It also included a engaged early in creating the necessary Organization (OLADE), IETA and CF- 2008. matchmaking session between carbon conditions for CDM development. Assist. The event brought together: firms and project developers. Partners The commitment of key stakeholders project owners and developers; national In October 2009, the IV International included UNDP, the Japan International in the environment sector and the CDM offices and Investment Promotion Seminar on the Carbon Market as a Cooperation Agency (JICA), JP Morgan, demonstration effect of pilot projects Agencies (IPAs), CDM governance Business Opportunity took place in TFS Green, Social Carbon, Kattoomba (including the World Bank’s PCF and bodies, carbon market intermediaries Lima, Peru. International institutions Group’s Ecosystem Marketplace, other Funds) led to the establishment and service providers. More than operating in the carbon market POCH Peru, Asociación Española de of CDM offices with both regulatory 500 stakeholders participated in the participated, as well as speakers from Normalización y Certificación (AENOR), and promotional functions. These Forum, which provided business and emission reduction buyers to leading EEA Fund, EcoSecurities, ÉcoRessources steps increased awareness among networking opportunities, as well as carbon firms, international cooperation Consultants, Latinoamerica Renewable stakeholder groups of different sectors the opportunity to receive updated institutions, designated operational Windward SAC, and Endesa Carbono. and facilitated development of an information on crucial climate change- entities (DOEs) and governmental 16 Carbon Facilities in Mexico and Argentina CF-Assist has supported the development of two innovative carbon finance facilities in Latin America, Fondo Mexicano de Carbono (FOMECAR) and Fondo Argentino de Carbono (FAC). These facilities would use regional and local experience and knowledge to provide public and private sector entities with effective technical and financial assistance in developing CDM projects, with both functioning as national project aggregators. Their project development branches became fully operational in 2008. CF-Assist co-organized two regional organizations. The workshop in Bogota events on CDM PoA in Bogota, Colombia, was organized in collaboration with the and Montevideo, Uruguay, in March and Colombian Ministry of Environment, April 2010, respectively. Both workshops Housing and Territorial Development, looked at opportunities and challenges in OLADE, and UNEP Risoe’s CD4CDM Latin America for using the programmatic Program. Partners for the Montevideo modality under the CDM. The main event, which was convened by the Ibero- Forest Carbon Partnership Facility capacity development objectives were American Network of Climate Change (FCPF). Topics included calculating to enhance understanding of CDM Offices (RIOCC), were the Spanish Ministry the opportunity costs of REDD, that PoA, facilitate practitioner knowledge of Environment and the UN Economic is classifying national land cover exchange on its development, and Commission for Latin America and the and land use, estimating carbon support its implementation of low carbon Caribbean (ECLAC). content and private profitability of development policies and measures. various land uses, evaluating co- Beyond reviewing the current state of Given the importance of the forestry benefits of forest conservation and affairs, lessons learned and emerging sector in Latin America, CF-Assist also combining this information into a issues around PoA development in the organized a workshop in Panama City useful REDD opportunity cost curve. region, the events also explored how the in October 2009 on the opportunity The 18 participants from Panama and approach can be used as an instrument costs of reducing emissions from Guatemala work in government and to mobilize carbon finance for climate- deforestation and forest degradation non-governmental institutions and help smart urban development. There were (REDD). The workshop aimed to pilot prepare their countries for a possible approximately 130 particiapnts, including test learning materials prepared by REDD mechanism. Based on this city and national government officials, the World Agroforestry Centre (ICRAF), pilot, WBICC Practice is collaborating policy experts, and representatives of the Partnership for the Tropical Forest with the FCPF to develop a scaled-up DNAs, the private sector and partner Margins (ASB) and the World Bank learning program. 17 3. Work Program Activities In addition to its original country- production of the Cities and Climate Cities and Climate Change focused approach, CF-Assist has Change and Sustainable Energy been designing and developing modules has begun, and both are More than 5 billion people, over 60 percent of the world’s population, are programs over the last year based on expected to be launched during Fiscal expected to live in cities by the year 2030, with most of the urban growth specific themes (urban), approaches Year 2011. The CDM PoA module will expected to take place in developing countries. Already, 34 of the world’s (PoA) and sectors (energy efficiency, also be launched next year. The entire 50 biggest cities, including Jakarta, Manila, São Paulo, Mumbai, Mexico City, biomass, forestry, etc.). It has also begun e-learning program will eventually be New Delhi and Karachi, are located in developing countries and economies to expand capacity building tools through available via the WBICC Practice website in transition. By 2030, cities will be responsible for up to 80 percent of global the development of e-learning courses and disseminated regionally to clients greenhouse gas emissions. on specific carbon finance topics. This through regional hubs. chapter will describe the strategic CF-Assist program, instruments designed for them In collaboration with ESMAP, CF- and achievements made over the last year. Assist has initiated work on a low carbon growth e-learning program, 3.1. Learning targeting policy makers and mid-level government officials. In addition to an The new e-learning program entitled introductory module, the program will Carbon Finance for Urban Areas will help feature modules on power, household urban stakeholders to better understand and transport models, with a focus on the opportunities that carbon finance energy use forecasting based on a tool offers for urban development. It developed under the India low carbon is comprised of six modules: an growth country study program. The introduction to the Cities and Climate program is expected to be piloted in the Change module; two modules on second half of 2010. carbon finance instruments, including CDM/JI Basics and CDM PoA; and three Cities and Climate Change sector-focused modules on sustainable Cities are expected to play a key role in energy, solid waste and waste water climate action since a majority of the management, and sustainable transport. working population will live in cities in The CDM/JI Basics module, which the near future. Such urbanization will includes updates on related outcomes have a significant impact on climate from Copenhagen, was launched with change, but will also provide a critical stakeholders from the HCC community opportunity for mitigation in developing from April to May 2010. Subsequent sustainable infrastructure. Such processes deliveries will take place from June are already beginning in several cities onwards. Work on development and around the world. In order to promote 18 carbon finance and create a favorable play in implementing low carbon and on climate action. Such a twinning Blending Carbon Finance with other environment for mitigation activities, CF- climate-resilient strategies. WBI, together arrangement will also examine the Forms of Climate Finance Assist has launched an umbrella program with CF-Assist, arranged for World Bank possibilities of carbon trade among cities. CF-Assist is designing a new generation on ‘Cities and Climate Change’, with President Robert Zoellick to participate of capacity building to support the support from Spain and Switzerland. in the Summit. His key message was to In implementing this city and climate blending of carbon finance with other support a Mayors’ Initiative on Urban program, CF-Assist has forged forms of climate finance. This program has seen a major Poverty and Climate Change, linking partnerships with a number of important expansion within the last six months better services and shelter for the urban city networks, such as Local Governments Initial activities will include: through: events during the UN Climate poor with climate change and climate for Sustainability (ICLEI), United Cities and Change Conference 2009, or the 15th finance. Several mayors from developing Local Governments and C40. • A learning program on low carbon Conference of the Parties (COP 15), held countries pledged their full support to development studies, beginning in Copenhagen; a Global Dialogue on the initiative. The subsequent Global Scale Up through PoA with an energy forecast model for Urban Poverty and Climate Change with Dialogue with mayors and the agreement The carbon market is now firmly India, with models for approaches to mayors; on-the-ground work in Jakarta; to establish a new task force was a direct established at the project level, with a follow, as well as methods used by and preparation of a new structured result of the Copenhagen event. comprehensive institutional infrastructure Brazil and Mexico ; e-learning program. to support the development of CDM • A learning program on REDD, Another important component of projects using Project Idea Notes (PINs) beginning with a study, in In parallel with the negotiations at COP the capacity building program is the and Project Design Documents (PDDs) collaboration with the FCPF, on 15, Copenhagen and the C40 Cities ‘twinning’ initiative, which aims to bring for the planning and approval processes. opportunity costs of REDD (see network organized a Climate Summit for cities from the North and South to allow More recently, programmatic CDM, as below); Mayors that focused on the growing role peer-to-peer exchange of knowledge, a second generation carbon market • Development of a proposal for a sub-national entities, particularly cities, best practices and lessons learned instrument, has been introduced allowing ‘Global Finance Expo’, expanding the PoA submissions instead of only single scope of the current ‘Carbon Expo’ CDM projects. format into a holistic ‘Global Finance Cities and Climate Change and Program of Activities Expo’, which would integrate carbon To promote PoA, CF-Assist has already co- finance into overall low carbon In March 2010, a Carbon Finance Capacity Building team of WBI and its Swiss organized and will continue to organize development finance. partner ECOS met with clients in Dar es Salaam, Tanzania, to discuss and agree and facilitate workshops in Africa, Asia on a work program for the city. Dar es Salaam Mayor Adam Kimbisa proposed and Latin America. The number of events two specific priority areas for CDM projects: Dar es Salaam Bus Rapid Transit held in many regions reflects the growing System (DART) and briquetting/stoves. Developing briquetting stoves in the city is importance of PoA (see page 11). recognized as one of the most viable options for a CDM project, and also provides significant co-benefits including health benefits, lowered fuel bills, a new income source for farmers and lowered indoor pollution in poor communities. 19 REDD to facilitate knowledge exchange between fair, including financial firms, clean developed and developing countries. CF-Assist currently works with the practitioners on innovations in the rapidly technology companies, carbon credit A special segment of the Carbon Expo FCPF to develop methods and tools for evolving carbon market. traders, service providers for monitoring 2010 was dedicated to this issue. advancing opportunity cost analysis and verification, project developers, of foregone land use change in forest Carbon Expo international organizations and CF-Assist supported the Carbon Expo and landscapes, acknowledging and The sixth Carbon Expo – co-organized government representatives. facilitated the participation of over 50 including the wide range of forests and by CF-Assist together with IETA, high-level government representatives other types of land use found in those Koelnmesse, and Fira Barcelona –was This year’s Carbon Expo occurred during and technical missions from CDM and JI landscapes. Large scale and nationwide held from 27-29 May 2009 in Barcelona, a period when the long-term features of host countries. It also coordinated and assessments of opportunity costs make Spain. Around 3,000 participants from the carbon market are uncertain, while arranged regional exhibition pavilions and it possible to generate estimates of the 111 countries traveled to Barcelona, at the same time, the need to scale up national stands for them to showcase payments required to provide land users and more than 270 exhibitors from 83 climate change mitigation is evident. project portfolios and best practices. with sufficient incentives to reduce countries participated in the event. In Carbon finance can play a catalyzing role deforestation. This activity will implement 2009, the Expo focused on the issue of in leveraging development and climate The Expo’s success reinforced its leadership the first pilot test of the training materials “Cities & Carbon Finance”. So did a side- finance. The international community role in the global carbon market, and on REDD Opportunity Cost Estimation event that took place before the actual is therefore looking at new options to its status as an unrivaled business and Methods developed in partnership with Carbon Expo – a Cities, Climate Change leverage, blend and deliver finance from knowledge exchange platform for all the FCPF and the Alternatives to Slash and Finance Symposium. The side event the private and public sectors in both stakeholders in the market. and Burn Program of the Consultative aimed at promoting climate-friendly Group on International Agricultural and carbon finance supported city Research (CGIAR). development, and facilitated knowledge exchange between relevant stakeholder 3.2. Knowledge Exchange groups from developing and developed countries such as city mayors, senior CF-Assist’s role is to capture the latest officials from government and city developments in carbon finance and make networks, business leaders, multilateral them available in user-friendly ways to development organizations, and leading its clients. CF-Assist captures knowledge experts from academia and research. from various sources, including: the UNFCCC negotiations; World Bank Group The seventh Carbon Expo — co-organized operations; and practical experiences by CF-Assist together with IETA, and shared through practitioner networks. Koelnmesse — was held from 26-28 May CF-Assist uses global events such as the 2010 in Cologne, Germany. An estimated Carbon Expo, regional events, such as the 2,500 visitors attended the conference Africa Carbon Forum, or special initiatives, and fair. More than 200 exhibitors from like the South-South Exchange Program, over 100 countries participated in the 20 South-South Cooperation for CF-Assist also organized a South-South Outreach and Analysis 3.3. Innovative Platforms Knowledge Exchange program in China in May 2009 in which In support of its capacity building and Networks CF-Assist launched the initiative on 26 participants from 17 countries (AFR, activities, CF-Assist commissioned and South-South cooperation with the MNA, EAP and ECA regions) visited disseminated a number of knowledge Development of Regional Hubs objective of facilitating knowledge Hubei province and interacted with products, including studies and As part of the new wholesaling exchange among developing countries on project developers, federal and provincial analytical reports. CF-Assist supported approach, CF-Assist has initiated best practices and lessons learned from officials and local CDM experts. They also the publication of the annual State and the process of identifying specific successful countries. In the first instance, a visited four CDM projects, which have Trends of the Carbon Market report – organizations in the various regions to team of CDM stakeholders from Botswana been implemented, and interacted with compiled by the World Bank’s technical collaborate with and strengthen, where visited Brazil in October 2008 and project officials in learning about the expert team – which provided the latest needed, so that they can offer carbon interacted with different players in the processes and factors that contributed market information, as well as trends of finance capacity development activities carbon market, gaining valuable insights to their success and problems faced. various carbon products. Furthermore, CF- on their own, such as delivering learning into project and market development. Feedback from these programs has been Assist has organized consultations with programs, providing technical services highly favorable and CF-Assist would stakeholder groups on relevant topics. and acting as knowledge clearing consider expanding the program to houses. CF-Assist is, for example, working include other successful countries, such In collaboration with the National with the Tecnologico de Monterrey, a as India and Mexico. Development and Reforms Commission premier regional learning institution, of China and the Bank’s East Asia to adapt the CDM/JI Basics course for regional team, CF-Assist supported the a Latin American audience. Identifying preparation of a report on the China new partner institutions in other regions CDM program, outlining its successes, and enhancing existing ones will be a factors contributing to success and future key challenge for 2010-11. priorities. The report was released in late 2009 and will be a useful reference City Networks guide for other developing countries in To maximize the outcome of a project, promoting mitigation activities. CF-Assist has partnered with a number of city networks for various projects. A variety of city networks provide technical consulting, training and information services to build capacity, share knowledge and support local government in the implementation of climate action and sustainable development at the local level. 21 The Carbon Finance Capacity Building 3.4. Key Lessons ii) For smaller developing countries to iii) As capacity building programs (CFCB) program is an initiative of benefit from the carbon market, it expand in terms of scope and the World Bank, ECOS and the C40 Important lessons of CF-Assist’s work is important to focus on developing reach, it is important to move Large Cities Climate Leadership experience are summarized below: activities in crucial sectors and implementation from a retail Group, in collaboration with the Swiss adopting programmatic approaches. face-to-face approach to a more Government’s State Secretariat for i) While in most countries basic Support in activities such as wholesaling approach, where Economic Affairs (SECO) and the Canton awareness about and infrastructure development of sector baselines and programs can be delivered through of Basel City. The CFCB program works for carbon finance has already creating reliable data management online platforms and/or video with C40 to disseminate knowledge been created, a need still exists for institutions will be essential. conference, e-learning programs, and provide assistance to emerging support in some regions, particularly regional hubs and organizations. mega cities in order to develop and Sub-Saharan Africa, Central Asia implement greenhouse gas mitigation and Eastern Europe. Such support schemes using a programmatic carbon must be customized to the specific finance approach, thereby facilitating conditions of these countries. the availability of carbon finance at the city/municipal level. Following agreements between the CFCB program and four pilot project cities (Dar es Salaam, Jakarta, Quezon City, and São Paulo), work has commenced to identify local priorities and design a support program, which kicked-off with an introductory workshop. 22 4. Future Outlook T he climate change agenda is For each of these categories, financial countries to undertake significant Country Investment Plans (CIPs) are the evolving, as are the financial instruments exist or are being developed, investments in lowering the carbon strategy document underpinning the low instruments and planning tools. along with planning tools and intensity of their economic growth. carbon strategy and priority investments To maintain relevance, CF-Assist must reporting instruments, which will allow This is an indispensable requirement to to be financed under the CTF. evolve as well. monitoring, reporting and verifying such achieve the reductions recommended by emission reductions. the Intergovernmental Panel on Climate There is growing acceptance that In the future, mitigation actions Change (IPCC) to limit the temperature developing countries contribute to will combine domestic actions, During recent years, non-market rise below 2°C. The Carbon Investment global emission reductions through internationally supported actions and climate finance instruments have also Funds (CIF) of the multilateral domestic actions financed from national actions that generate tradable emission been introduced. They are quickly development banks are the biggest of budgets and, while these efforts do not reduction certificates to offset emission gaining importance in the international these non-market instruments. One of constitute an international obligation, obligations of Annex 1 countries under discussion as an incentive for developing these funds, the Clean Technology Fund they would be captured and reported. the Kyoto Protocol. (CTF), is already being implemented. Some countries have already prepared low carbon studies or national strategies to identify and prioritize their most cost- effective actions. Responding to these developments, CF-Assist is working to meet the following challenges: designing and implementing appropriate learning and capacity building tools to accelerate the promotion of clean technologies; and facilitating - with external and internal partners - knowledge exchange among client countries, including connecting practitioners. 23 5. Conclusion CF-Assist has firmly established combination of capacity building tools itself as a capacity building program. to achieve these goals. It is helping Traditionally it had focused on project clients achieve tangible results, such based carbon finance. However, as design and implementation of now it is evolving to the next stage, innovative programmatic carbon focusing on scaling up and expanding finance programs and scaling up the carbon finance in cities (where most use of carbon finance to support mitigation actions will take place), sustainable urban development. and blending carbon finance/climate CF-Assist is well placed to make the finance with other financing sources necessary changes that the current to realize domestic actions for low circumstances demand and is ready to carbon growth. CF-Assist is using a meet the challenges that lie ahead. 24 Annexes Annex 1: List of CF-A Events for 2009-10 2009 Month Event Location Participants # of days May Cities, Climate Change and Finance Symposium Barcelona, Spain 155 1 May Host Country Committee (HCC) Annual Meeting Barcelona, Spain 64 1 May Global Carbon Expo 2009 Barcelona, Spain 3,000 3 June CDM and Carbon Finance Opportunities in Rural Electrification Sector in Africa Dakar, Senegal 33 4 June CDM Project Identification and Appraisal/Carbon Financing Structures for the Banking Sector in Africa Accra, Ghana 35 3 June Latin America Carbon Forum Panama City, Panama 400 3 June Carbon Finance-Assist Workshop Ankara and Istanbul, Turkey 142 2 September India Carbon Conclave New Delhi, India 250 2 September The Business Case for PoAs, and PoAs in a Cities Context Bangkok, Thailand 104 2 September Carbon Finance for Cities – New Opportunities Offered by PoA Quezon City, Philippines 54 1 October Pilot Training: Opportunity Costs of Reduced Emissions from Deforestation and Land Use Change Panama City, Panama 22 4 October 4th International Seminar: Carbon Market as a Business Opportunity Lima, Peru 26 2 November Carbon Finance Capacity Building (CFCB) Program in Emerging Mega Cities of the South Jakarta, Indonesia 60 5 December Africa Assist Workshop on Climate Change and Carbon Finance Ouagadougou, Burkina Faso 33 3 December HCC Semi-Annual Meeting at COP 15 Copenhagen, Denmark 20 1 2010 January Global Dialogue for Mayors Washington, DC, US 70 1 January Global Dialogue on Climate Finance and Investment Washington, DC, US 75 1 January Workshop on Low Carbon Growth Strategies Washington, DC, US 58 1 January Regional CDM Programme of Activities Workshop MENA Region Tunis, Tunisia 146 2 March Africa Carbon Forum Nairobi, Kenya 832 3 March Technical Assistance Workshop on Rural Energy Dar es Salaam, Tanzania 15 3 March Regional Workshop 'Programme of Activities under the Clean Development Mechanism' Bogota, Colombia 71 3 April Mayors' Task Force Meeting Washington, DC; USA 24 1 April Regional Workshop 'Programme of Activities under the Clean Development Mechanism' Montevideo, Uruguay 59 3 May Carbon Finance Capacity Building Workshop São Paolo, Brazil 74 3 TOTAL 5822 25 Annex 2. Regional Distribution of Events and Events Participation Regional Distribution of Country Training Programs 2005-10/participants Regional Events and Carbon Fora 2009-10 Aggregate Region Number of Participants Region 2005-06 2006-07 2007-08 2008-09 2009-10 number % AFR 832 Africa 176 741 416 348 116 1,797 31 EAP 104 EAP 211 497 147 85 114 1,054 18 ECA 0 ECA 76 361 0 236 142 815 14 LAC 556 LAC 143 0 110 0 96 349 6 MENA 146 MENA 0 262 35 0 0 297 5 SAR 250 SAR 1,163 358 0 0 0 1,521 26 TOTAL 1,888 TOTAL 1,769 2,219 708 669 468 5,833 100 Event Participation 2005-10 (aggregate numbers for Global/ Regional/Country programs/events and percentages) Global Events/Carbon Expo 2009-10 Event Number of Participants Participants % Carbon Expo 3000 Global Events / Carbon Expo 13,244 51 Cities, Climate Change and Finance Symposium 155 Regional Events & Carbon Fora 6,999 27 Host Country Committee (HCC) Annual Meeting 64 Country Training Programs 5,833 22 HCC Semi-Annual Meeting at COP 15 20 TOTAL 26,076 100 Global Dialogue for Mayors 70 Global Dialogue on Climate Finance and Investment 75 Event Participation 2005-10 (number of participants Workshop on Low Carbon Growth Strategies 58 per year, and aggregate) Mayors Task Force Meeting 24 2005-06 4,106 TOTAL 3,466 2006-07 5,295 2007-08 5,005 2008-09 5,848 2009-10 5,822 TOTAL 26,076 26 Annex 3. Acronyms List of Acronyms AENOR Asociación Española de Normalización y Certificació GIS Green Investment Scheme AFR Sub-Saharan Africa (WB) HCC Host Country Committee ABS Tropical Forest Margins ICLEI Local Governments for Sustainability C40 Large Cities Climate Leadership Group ICRAF World Agroforestry Centre CDM Clean Development Mechanism IETA International Emissions Trading Association CD4CDM Capacity Development for CDM IFC International Finance Corporation CF-Assist Carbon Finance Assist IPA investment promotion agency CFCB Climate Finance Capacity Building IPCC Intergovernmental Panel on Climate Change CF-SEA Sustainable Energy Services in Africa JI Joint Implementation CFU Carbon Finance Unit JICA Japan International Cooperation Agency CGIAR Consultative Group on International Agricultural Research LAC Latin America and the Caribbean (WB) CIF Climate Investment Funds MNA Middle East and North Africa (WB) CIP Climate Investment Plan OLADE Latin American Energy Organization COP 15 15th Conference of the Parties PCF Prototype Carbon Fund CPF Carbon Partnership Facility PDD Project Design Document CTF Climate Technology Fund PIN Project Idea Note DART Dar es Salaam Bus Rapid Transit System PoA Programme of Activities DNA designated national authority REDD reducing emissions from deforestation and forest degradation DOE designated operational entities RIOCC Ibero-American Network of Climate Change Offices EAP East Asia and the Pacific (WB) SAR South Asia Region (WB) ECA Europe and Central Asia (WB) UEMOA Union Economic et Monetaire Ouest-Africaine ECLAC Economic Commission for Latin America and the Caribbean UNDP United Nations Development Programme ESMAP Energy Sector Management Assistance Program UNEP United Nations Environment Programme FAC Fondo Argentino de Carbono/ Argentine Carbon Fund UNFCCC United Nations Framework Convention on Climate Change FCPF Forest Carbon Partnership Facility WB World Bank FEC Fonds Communal de l’Equipement WBI World Bank Institute FICCI Federation of Indian Chambers of Commerce and Industry WBICC World Bank Institute Climate Change Practice FOMECAR Fondo Mexicano del Carbono/Mexican Carbon Facility WPA work program agreement 27 CF-Assist Team Inmaculada David George, Judy Tai Tung, Kai-Uwe Barani Maja Murisic, Marcos Castro Marian S. Delos Masahiko Nadine Dulac, Valle Furio, Sr. Natural Temporary; Schmidt, Sr. Consultant; Rodriguez, Angeles, Sr. Haraguchi, Environmental Consultant; Resources Resource Environmental Event Environmental Environmental Consultant; Specialist; Task Communications Mgmt. Special- Management Specialist & Organization Specialist; Specialist; Cities & Manager AFR & Event ist; Agriculture CF-Assist Team & Learning Task Manager Learning Climate Change region Organization & Carbon Leader Program ECA and LAC Program Program Finance Regions Michael Streck, Nanae Yabuki, Orphe Rutu Dave, Pablo Cesar Samira El Peter Schierl, Sara Trab Takashi Consultant; Extended Term Ofumilayo Extended Term Benitez Ponce, Khamlichi, Extended Term Nielsen, Kamishiro, Communications Consultant; Olympio, Consultant; Sr. Economist; Environmental Consultant; Consultant; Consultant; Cities & Climate Program Task Manager Learning Specialist; Task Communications; Cities & Climate Cities & Climate Change Program Assistant EAP and SAR Program Manager AFR Learning Program Change Program Change Program Regions; Cities & and MNA Re- Climate Change gions; Learning Program Program 28 Acknowledgements Editors: Michael Streck, Peter Schierl Design: Studio Grafik Photos: World Bank Photo Library Printer: World Bank Printing, Graphics and Map Design Unit C Our mission is to catalyze a global carbon market that supports sustainable development, reduces transaction costs and benefits the poorest communities of the developing world. Carbon Finance-Assist - Carbon Finance Mission Statement at the World Bank The World Bank 1818 H Street, NW Washington, DC 204333, USA Phone: +12024738537 Email: cfassist@worldbank.org www.cfassist.org