CARBON FINANCE-ASSIST 80742 Annual Report 2009 Extending the Reach of Carbon Markets to promote Clean Technologies in Developing Countries Climate Change CDM knowledge sharing Institutional Development Carbon Market Development Capacity Building Technical Assistance Project methodologies A B Table of Contents 2 Messages 5 At a Glance 6 Introduction 8 Carbon Finance-Assist 8 The Program 8 Operational Approach 11 Program Coverage 13 Program Activities 14 Capacity Building 19 Global and Regional Activities 19 Outreach and Analytical work 20 Program Performance and Impacts 25 Key Lessons 26 Future Outlook 26 New Initiatives 29 Conclusion 30 Annex 1 Messages Sanjay Pradhan, WBI as a knowledge institution in James Warren Evans, beyond that, the World Bank has Vice President, the climate change area within the Director Environment reiterated its deep commitment to World Bank Institute broad parameters of the World Bank’s Department, World Bank fighting global climate change, as Strategic Framework on Development delineated in the recently-approved Carbon Finance-Assist (CF-A) is the and Climate Change. The World Bank group has for long Strategic Framework on Development flagship capacity building program been one of the leading voices in the and Climate Change. A likely key for the World Bank Group. Being In the background of the internal climate change debate, with matching challenge in any such new regime is managed by the World Bank Institute developments in the World Bank, action in the field. Helping develop the need to scale up the climate action (WBI) since 2006, CF-A has made a and the global negotiations towards the carbon finance market is one such – mitigation as well as adaptation – significant contribution to carbon a post-Kyoto agreement, CF-Assist pioneering initiative. The WB’s capacity several times over the current levels. market development in several has a challenging task in the short building activities through CF-Assist Such acceleration is likely to throw up developing countries with an impressive run: consolidate the experience designed to help developing countries new and expanded capacity needs and range of activities: human capacity so far including best practice and have contributed significantly to carbon involvement of new stakeholders, and development, learning and knowledge lessons learnt, and use that as a basis market development. In less than a program like CF-Assist would need sharing and institutional strengthening. to develop a new capacity building four years of its existence, CF-Assist to respond by developing relevant and CF-Assist has also demonstrated a program that reflects the emerging carried out technical assistance of targeted capacity building activities. It strong convening ability at global priorities that serve our client countries various kinds in over 60 countries, and is hoped that the valuable experience and regional levels through Carbon the best. We look forward to working also contributed to the establishment gained by CF-Assist so far in various Expo and other carbon forums. The with various partners, including the of Carbon Expo as the world’s aspects of capacity building will program has fostered key strategic donors, in this endeavor. premier event for the carbon market form the foundation for a successful partnerships with external institutions stakeholders. ‘Second Generation’ capacity building as well as World Bank’s internal program for carbon finance and market departments in implementation of As the world is moving towards the development in the future. its activities. These are considerable fulfillment of Kyoto Protocol in 2012, assets as we move towards positioning and looking at a possible new regime 2 Konrad von Ritter, so as to expand their reach and scope. in which cities from North and South, learning programs on second Sector Manager Sustainable CF-Assist has already begun addressing which are spearheading efforts to cut generation carbon finance instruments, Development, these priorities in recent activities. greenhouse gas emissions function in like the World Bank’s Forest Carbon World Bank Institute networks. Partnership Facility. A good example of this evolution is Carbon Finance-Assist has established the Carbon Expo. The Carbon Expo We couldn’t do all this without partners. Last but not least, CF-Assist is grateful itself as the World Bank’s premier Partnership agreement, which has been Their support and co-operation has to all its donors who make our work capacity development program for renewed for another two years (2009- always been crucial for CF-Assist – inside possible. We seek their continued trust carbon finance. As confirmed by the 10), has introduced two novelties: an the World Bank where we collaborate and support as we aim to help developing initial messages emerging from the alternating location between Barcelona with various departments, and outside countries to effectively participate in the mid-term evaluation, CF-Assist has and Cologne, and a new thematic with donor partners (in particular Spain, next generation of carbon markets. made good progress with a number of stream at each Expo — cities and Switzerland and France) and professional key accomplishments. carbon finance in 2009, and energy and organizations. We are glad to report on carbon finance in 2010. new promising strategic alliances for In order to stay cutting edge and instance with UCLG, ICLEI and C40 in relevant for its clients, CF-Assist intends The “Cities and Carbon Finance” implementing our cities program. to constantly evolve and innovate. program isn’t just a Carbon Expo During the first phase (2006-09), CF- theme. It is a major focus area, The UNFCCC negotiations for a post Assist had largely focused on a retail whose relevance in mitigation would 2012 climate change regime, targeted approach with face-to-face delivery of continue to grow in the future. Under to reach culmination in Copenhagen its programs. In the future, we intend this umbrella, CF-Assist has launched in December, will determine the future to develop more in-depth learning in various activities: a multi-year capacity course of mitigation and carbon selecting crucial sectors, and create building program for cities; learning finance. CF-Assist will be prepared stronger internal and external networks programs focusing on relevant sectors to respond to this changing political to co-generate and deliver the programs in urban areas; and a twinning initiative environment by designing customized 3 4 2008 – 2009 At a Glance • Ongoing training: 24 workshops in 20 countries for 3.000 professionals • Carbon Expo 2008: 3.000 participants, 260 exhibitors, 115 countries • Host Country Committee meetings: two held in Cologne and Poznan • Regional carbon forums: In Africa, Eastern Europe, Latin America and South Asia with 2.000 participants • South-South-Knowledge Exchange Program: pilot initiatives involving China, Brazil and other developing countries • Cities and Climate: Thematic program launched in February 2009 • Knowledge Management: e-Learning programs being developed on carbon finance, and energy sector • Studies: Carbon mitigation potential assessment in energy and cement industries in Sub-Saharan Africa • Report: “State of the Carbon Market 2008” 5 Introduction Carbon Finance-Assist is a corporate professional expertise through training. for more than three years. In many program of the World Bank designed to A lot has been achieved in this regard as countries, the initial phase of capacity help developing countries and economies a result of CF-Assist and similar capacity building – basic training, establishing/ in transition to better participate in the building programs of other agencies strengthening DNAs, etc. – has been fast growing carbon market. The World (e.g. CD4CDM of UNEP), and several completed. CF-Assist has now embarked Bank Institute has been entrusted to countries in Asia and Latin America have on new activities to respond to the manage this program that trains and successfully established the conditions emerging challenges, and is poised to educates people who will be crucial needed for utilizing carbon finance. expand its scope and reach significantly. catalysts in their countries to promote However, considerable effort is still This report will therefore summarize the the deployment of clean technologies. needed in some countries and regions, program achievements, impacts, and especially in Sub Saharan Africa and challenges during this period. Further, In the early days of the carbon market, Central Asia, which have not benefited the report will attempt to articulate lack of knowledge and experience much during the first commitment a broad direction for future capacity in most developing countries and period of the Kyoto Protocol. building and describes the initiatives economies in transition was a key launched during this transition period. problem. It prevented these countries However, as the global debate now from being an effective player in the moves towards a new regulatory regime emerging market and expanding its replacing Kyoto Protocol after 2012, reach. As a response, CF-Assist designed capacity building needs are evolving and implemented capacity building as well: new instruments and concepts programs over the last three years such as programmatic and sector- focusing on strengthening regulatory specific approaches have emerged or are institutions, helping put procedures in under discussion, and the need to scale place and assisting in project portfolio up the activities has grown significantly. development, in addition to creating CF-Assist has now been running 6 Carbon Finance at the World Bank Carbon markets are an important tool to mitigate climate change. The World Bank has been a pioneer in developing and promoting this market, having designed the first ever market instrument in the form of Prototype Carbon Fund. Since then, the Bank has utilized more than $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 forge a new climate treaty, the World Bank has launched the Carbon Partnership Facility and Forest Carbon Partnership Facility to pioneer the next generation carbon market initiatives, which aim to help market continuity, scale up carbon finance and extend the reach of carbon trading. 7 Carbon Finance-Assist The Program • build their human/technical capacity; CF-Assist has work program agreements CF-Assist also draws support from many • get the necessary institutional and with the Bank’s six Regions to implement external partners who collaborate in Carbon Finance-Assist (CF-Assist) is a legal infrastructure in place; a large part of the country programs. organizing events, conducting training multi-donor trust fund. It was set up • assist identification of potential The anchor team at WBI implements programs and providing technical as a capacity building and technical carbon finance projects; some of the country programs directly in services. assistance program to complement the • help create and manage carbon assets addition to regional and global activities, World Bank’s carbon funds. CF-Assist in specific mitigation sectors; and provides technical expertise and CF-Assist is supported by two external was proposed in 2004 and formally • help reduce costs of participation in monitoring for programs implemented committees, which provide oversight launched in mid-2005. While some the carbon market. by the partners. The Carbon Finance Unit and monitoring of the work program: activities under CF-Assist were designed (CFU) provides technical and operational Host Country Committee (HCC), which in 2005, the actual implementation had In implementing these activities, assistance. represents over 50 developing countries begun in earnest in early 2006. CF-Assist has endeavored to promote and convenes twice a year; and the conditions to accelerate the deployment In addition to direct contributions of clean technologies and their from donors, CF-Assist has also been contribution to sustainable development Chart 1: Management Structure of CF-Assist administering the Prototype Carbon in developing countries. Fund (PCF) Plus program – the precursor to CF-Assist that uses the interest Operational Approach Regional income from PCF. CF-Assist has been Operations Development managed by the World Bank Institute CF-Assist works with several internal Partners Donors since 2006 after it was transferred from and external partners in executing the Environment Department. the various activities. Its overall management rests with the Sustainable Since its beginning, CF-Assist has aimed Development division of the World Bank HCC World Bank to help the developing countries and Institute (WBI). Program implementation Clients Institute economies in transition to effectively is done in collaboration with the World participate in the carbon market and Bank’s six operational regions: Sub- benefit from the flexible mechanisms Saharan Africa; Middle East and North Advisory under the Kyoto Protocol – Clean Africa; Europe and Central Asia; East Group Development Mechanism (CDM) and Asia and Pacific; South Asia; and Latin Regional/Country America and the Caribbean. Carbon Finance Partners Joint Implementation (JI). Carbon Finance-Assist works in various (See chart 1) Unit developing countries to: 8 Donor Committee, which represents all Capacity building: Includes training, finance. Flagship events are the annual CF-Assist contributors. Internally, there is institutional support and project Carbon Expo and regional Carbon Forums. an Advisory Group comprising regional portfolio development for countries and carbon finance coordinators, CFU and regions. Focuses on four basic modules: For project portfolio development, CF- IFC representatives and other subject Establishing/strengthening effective Assist works with local partners to identify experts, which meets periodically. designated national authorities (DNA); potential carbon finance projects and help carbon finance project development; open new sectors for the carbon market. CF-Assist originally started with a $10m baseline and monitoring methodologies; fund with direct contributions and PCF+, negotiating fair and equitable emission In all this, CF-Assist pays special attention and has now grown to a total envelop reductions purchase agreements. Training to the question of how to remove of about $18 million, By April 2009, programs for countries are designed in technical, institutional and/or financial around $15m has been disbursed and/or three phases according to the level of barriers for clean technology projects. committed for activities through 2011. existing knowledge and expertise. Since lack of underlying finance is a key In its operations, CF-Assist has three Market development: Facilitates obstacle to invest in low carbon projects main work components: capacity regional and global events, supports in developing countries, CF-Assist targets building, market development and analytical work and attempts to increase the financial community in order to get outreach. (see chart 2) financial sector participation in carbon them more involved in carbon finance. CF-Assist also supports various Chart 2: Work Components technical studies to identify potential in specific sectors, and assists in setting up special instruments and country/ CF-Assist regional level (e.g. sellers’ funds) to promote mitigation projects. Outreach: Uses multimedia tools to inform the public and stakeholders Capacity Market Outreach about the state of the carbon market. Building Development CF-Assist is designing a series of e-learning packages on various aspects Training Carbon Expo Annual Market of carbon finance, containing audio- Institution building GHG Forums Assessment visual presentations, case studies, Portfolio Development Financial Sector Multimedia simulation games and interactive guides. 9 CF-Assist • CF-Assist has been designed to be largely a demand driven program responding to clients needs. • CF-Assist differentiates between short and long term capacity needs. Implementation is designed to increase the depth of programs through different phases. • CF-Assist emphasizes country participation in the carbon market, with project identification as an outcome; identified projects are offered to the carbon market with World Bank’s carbon business as only the buyer of last resort. • CF-Assist pursues strategic partnerships with global, regional and national organizations, both public and private, to leverage expertise and resources. 10 Program Coverage The map highlights the status of capacity building programs in each region Country Baseline Phases Phase I Phase II Phase III 11 rojects by Countries Chart 3: CF Assist’s project development support by countries, sectors and statusProjects by Sectors Projects by Countries Projects by Sectors Mexico 1.9% Forestry Argentina 9.7% 13.8% Uruguay 8.9% Uzbekistan Energy Industries Morocco 0.4% 24.1% (RE/NRE) Tunisia 2.3% 31.0% Yemen 1.6% Benin 0.4% Energy distribution Waste RDC Kinshasa 0.8% 0.8% 37.2% Cote d’Ivoire 5.1% Uganda 6.6% Energy demand Philippines Togo 0.8% Projects by Status 5.4% 30.7% Manufacturing Botswana 0.4% Chemical Sri Lanka Industries Industries 3.1% 4.2% 6.2% Fugitive Transport emissions 0.4% 4.2% Projects by Status Concept, 52 PDD, 19 PIN, 189 12 Program Activities CF-Assist’s training and capacity building has had a presence of some level in about programs, as mentioned, are conducted 66 countries, and helped identify over Chart 4: CF-Assist 2006-09  in developing countries in all regions of 300 carbon finance projects (see chart 4). the world. CF-Assist trains governments, 66 Countries covered municipalities, business organizations CF-Assist also (co)organized three and companies from client countries in Carbon Expos and 15 regional events 300 Carbon finance projects identified carbon finance issues, and helps them to including carbon forums in Africa, Asia, get access to discussion forums, research Central Asia, North Africa and Middle 6 New DNAs/Institutions established findings, and practical experiences. East, Latin America, and South Asia. 5 Innovative Facilities/Funds During the three years of implementation, CF-Assist commissioned studies and CF-Assist conducted over 70 national reports on carbon mitigation potential in 20254 Stakeholder exposure level training programs in more than select sectors and regions, for example 50 countries including 24 programs in the energy and cement industries in 4 Carbon Expos 20 countries in 2008-09. The program Sub-Saharan Africa, and forestry and created new DNAs and strengthened energy sectors in Sri Lanka. The following 10 Regional Carbon Forums institutions in several countries. And it sections will describe the achievements helped develop special instruments such in different regions. 2 Financial Sector Forums as sellers’ funds in Argentina and Mexico and CDM Fund in China. In just over 3 Learning Courses three years, including the countries where GIS (Green Investment Scheme) studies were conducted and those with SEA 10 Sector Studies/AAAs/GIS (Sustainable Energy in Africa) activities implemented with UNEP-RISO, CF-Assist 13 Workshop “Identification, Development and Appraisal of CDM Projects”, hosted by Banque Ouest Africaine de Developpement (BOAD) in Lome, Togo, March 22-24, 2009 “The professionalism and the character of the people who directed the seminar were incredible, and I think the seminar was so successful because you were so much involved in every aspect of it, from the preparation till the summary part.” —Moubarak Moukaila, Special Advisor on Carbon Finance, BOAD Capacity Building training workshops and 4 regional Senegal – focusing on the financial and CF-Assist also commissioned a study workshops have been conducted. banking sector, resulting in enhanced about carbon mitigation options in the interest among some regional and cement industry, one of the few prominent Sub-Saharan Africa In an important initiative, CF-Assist national banks on carbon finance. Nearly industries in Sub Saharan Africa. This Sub-Saharan Africa is the region that provided technical assistance to the 300 participants attended these forums. study had identified 35 potential projects least benefited from carbon market ECOWAS Bank to establish the Africa for thermal energy efficiency, 35 projects with less than 2% share in early 2009. Biofuels and Renewable Energy Fund In September 2008, at the occasion of the for waste heat recovery, 35 projects for Lack of capacity, access to finance and (ABREF), which is currently in the Africa Carbon Forum in Senegal,the World alternative fuel (biomass) and 44 projects poor institutional environment are process of raising $300 million in Bank also released a comprehensive for blended cement. The study also led major barriers for CF development. capital to assist development of carbon study – co-sponsored by CF-Assist — on to development of a draft Project Design CF-Assist has been implementing mitigation projects in these two sectors. carbon mitigation potential in the energy Document (PDD) for Waste Heat Recovery a specially focused program in this The program has also identified over 60 sector of SSA. The study identified over in the Eastern African Portland Cement region entitled ’Africa Assist’. CF-Assist potential CDM projects in West Africa. 3.200 projects across the region with Company in Kenya. has also played an important role technical potential for CDM activity in in the Nairobi Framework, an inter- Under the Lighting Africa initiative of power generation, energy efficiency However, it is clear that despite some agency network for coordination of the World Bank’s ESMAP (Energy Sector and renewable energy sources. If all this progress, serious gaps still exist in many capacity building work in the region. Management Assistance Program), CF- technical potential can be tapped, nearly SSA countries in terms of their capacity, Assist organized two regional training 170.000 MW of new capacity could be which continues to limit the regional CF-Assist’s efforts in SSA during the workshops in Ethiopia and Tanzania to installed and 740 million tones of CO2e participation in the growing carbon first phase have led to some notable help local partners introduce carbon reduced annually. However, the study market. Thus, CF-Assist will continue achievements: 3 new DNAs have been finance elements into their efficient clearly reaffirms the key barriers that to intensify its efforts in helping the established (Botswana, Sierra Leone and lighting projects. impede the realization of the potential: region in various ways: programmatic The Gambia), 11 country programs have lack of underlying finance, and lack of approach is one such way which been implemented, 65 carbon finance CF-Assist also joined UNEP in conducting technical knowledge regarding carbon could significantly contribute to CDM projects have been identified, 16 national two regional forums – South Africa and finance opportunities and procedures. development. 14 Cleaner cooking and heating in Africa The 4th Forum of the Partnership for Clean Indoor Air (PCIA) was held in Kampala, Uganda during March 22-28, with CF-Assist as a co-sponsor. PCIA, promoted by US Environmental Protection Agency (USEPA), is a network of household energy experts and health care leaders from around the world. PCIA Partners have so far helped 1.4 million households worldwide to adopt clean cooking and heating practices, reducing harmful exposures for more than 7.6 million people. The CF-Assist team conducted a one-day training session on carbon finance. More than 250 participants attended and shared the latest developments regarding technologies, fuels, monitoring, commercialization, carbon financing, Middle East and North Africa CF-Assist continues to support and research. The CF workshop had three goals: To improve the participants’ Country work programs in Morocco, important regional financial institutions understanding of carbon finance; to showcase similar projects already Tunisia and Egypt, amongst the earliest – the National Bank of Egypt, and developed under CDM; and to examine the necessary requirements to develop launched under CF-Assist, are expected Fonds Communal de l’Equipement a CDM project for these types of appliances. The event was highly rated by the to be completed in Fiscal Year 2009. (FEC) of Morocco. Both institutions participants, who expressed the need to have a sustainable capacity building In Yemen and Syria, focused country can play an active role by changing program to help CDM development in the biomass energy sector. CF-Assist would programs were completed during lending practices to encourage cleaner develop the partnership with USEPA further in assisting the project developers to 2007-08. Technical assistance has technology projects, and acting as promote carbon finance in this important sector, especially for African countries. been initiated in Lebanon focusing on financial intermediaries for carbon the strengthening of DNA and CDM projects. Both institutions need to portfolio development. CF-Assist work enhance their understanding of CDM in this region has largely focused on practice and mainstream carbon promoting the waste management finance in their portfolio of projects. sector. In Syria, CF-Assist contributed to Thus CF-Assist is focusing on addressing the establishment of DNA. key obstacles related to the limited access to project finance for CDM. During 2009, the focus has been shifting to develop CDM Program of Activities (POA), based on the strong demand expressed by several countries for sectors like energy, sanitation and solid waste management. CF-Assist is helping theses countries to utilize this new approach to Carbon Finance in order to scale up deployment of low carbon technologies. 15 Manage waste and reduce emissions East Asia identification of 75 potential CDM projects. CF-Assist country programs in East CF-Assist’s program in Cambodia, In Morocco, CF-Assist is supporting development of a nationwide Carbon Finance Asia were launched early in Cambodia, which ended in 2008, concretely led Program with FEC, a state-owned bank specialized in the financing of investment China, Indonesia and the Philippines. to institution of a Carbon Fund in the projects of local communities. FEC, which acts as an intermediary, has received New programs were launched in 2008 in government, and development of a training to better understand CDM and carbon market transactions. FEC has been Mongolia and Vietnam. project methodology for improved mandated by the Moroccan government to help cities to develop CDM projects biomass stoves. and sell emission reductions. This is part of a government program to reform the In Mongolia, CF-Assist, along with WB solid waste sector and create a nationwide sustainable management system. Its Regional team, organized three training In China, the most successful CDM objective is to expand and modernize collection and waste disposal practices programs, with the recent one in February country in the world, CF-Assist focused and to eliminate landfill gas emissions. The captured methane would be used to 2009. This project is implemented in initially on helping the CDM legislation. generate electricity all over Morocco. partnership with the Japanese Policy and Later, CF-Assist has supported the Human Resources Development (PHRD) establishment of the CDM Fund. Recently, fund and the Project Implementation CF-Assist has also supported the Unit in the Mongolian Ministry of development of a report (to be released Environment. A portfolio of ten project in 2009) on China’s CDM program ideas was developed. that would throw light on factors that contributed to China’s success. CF-Assist In the Philippines, the focus of CF-Assist has also facilitated a South-South has been on project identification, and cooperation program (May 2009) in developing institutions such as the which the Chinese experience and best Land Bank of Philippines into financial practice would be shared with other intermediaries. CF-Assist efforts have led to developing countries to promote CDM. 16 South Asia Following the successful training In India, efforts are also under way to CF-Assist had one of its earliest workshop conducted in August 2006, develop capacity building programs programs in South Asia region, in Sri CF-Assist designed a capacity building in specific sectors such as railways, Lanka, in early 2006. Subsequently, rapid program in Nepal at the request of urban waste management, and energy assistance programs were implemented the Ministry of Environment, focusing efficiency to promote programmatic approaches. Work programs in these in Bangladesh, Nepal and Pakistan. on forestry and rural technology sectors are planned for 2009. The focus in India, the second largest sectors, and strengthening of DNA. CDM beneficiary country in the world, However, this program is awaiting has been on support for unlocking the formal clearance from the government China CDM Fund mitigation potential in large sectors such through political transition. During this as transportation. period, nevertheless, Nepal has had two To promote sustainable development, China has set up a CDM Fund which is registered projects. financed by a tax on carbon revenues from industrial gas projects. CF-Assist The Sri Lanka program, which has supported establishing this Fund and developing an Action Plan. The Fund ended in 2008, resulted in several With the successful holding of the would support the China National Climate Change Program through promotion accomplishments: a national second Carbon Market Conclave in 2008, of climate change related science and technology research and capacity enhancement in mitigation and adaptation. The Action Plan will implement CDM strategy with specific policy the event has established itself as the projects through 2009-10 in the current Five Year Plan, and beyond. recommendations; mitigation potential premier platform for carbon market assessment studies in energy and stakeholders in India. The Conclave, forestry sectors; training of over 200 organized by FICCI with CF-Assist and professionals; a strengthened DNA with IETA as co-organizers and sponsored by the Indian Ministry of Environment and approval procedures; and a portfolio of Forests, attracted over 400 stakeholders 15 projects. Sri Lanka currently has 4 and led to active engagement of carbon registered projects approved by UNFCCC. market players from across the globe. 17 Carbon Facilities in Mexico and Argentina CF-Assist has supported the development of two innovative carbon finance facilities in Latin America, in the form of 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. Both facilities function as national project aggregators. Their project development branches became fully operational in 2008. Europe and Central Asia In Russia, the Moscow Carbon Market for developing CDM. Commitment of national circumstances and priorities, Most countries in this region are relatively Forum focused on JI in mid 2008, key environment sector stakeholders country program activities have ranged new entrants to Kyoto Protocol and have and attracted over 250 participants. and the demonstration effect of pilot from technical and operational support little exposure and capacity for carbon However, CF-Assist has had a relatively projects (including World Bank’s PCF and for DNAs, to assess CDM potential, finance development. Hence, CF-Assist low involvement with JI – apart from other Funds) led to the establishment identify project opportunities in sectors program in this region has focused on the early studies in GIS in Latvia and of CDM Offices with both regulatory previously by-passed by the market, providing rapid assistance in the basics of Bulgaria — since most countries have and promotional functions. These steps and to develop and implement national Kyoto mechanisms and helping project remained without a regulatory framework increased the awareness amongst market facilitation instruments. developers identify specific projects to implement the program. In late 2008, stakeholder groups of different sectors through targeted technical support. a successful regional forum on GIS was and the development of an important In moving forward, and bearing in mind conducted in Warsaw, Poland. CDM project/project ideas pipeline. that the international carbon market is Among the various countries in the Hence, CF-Assist focused its programs advancing, CF-Assist activities in Latin region, Uzbekistan has been the main CF-Assist is supporting a study to on enhancing CDM governance at the America would gradually shift to focus success story: at the time of CF-Assist’s determine the grid emission factor national level, carbon market facilitation on thematic niches (e.g. programmatic first workshop, the country had no in Ukraine, to be extended to Belarus in prioritized sectors, and diversification CDM in sustainable urban development) projects or much awareness, but within and Moldova. These countries need to and further expansion of national CDM and collaboration with regional/sub- a year managed to develop over 60 rehabilitate aging thermal power plants project pipelines. regional organizations for information CDM project concepts. By April 2009, and railways network, and use electricity sharing, knowledge exchange and Uzbekistan has had six registered projects. instead of diesel engines to run trains. During 2007-09, CF-Assist has supported awareness raising programs. All these could lead to potential carbon a heterogeneous set of national Rapid assistance workshops were finance projects, so grid emission factor counterpart agencies - comprising conducted in Albania, Armenia, would be important. DNAs, National CDM Promotion Azerbaijan, Belarus (JI country), Bosnia, Offices, national knowledge centers Georgia, Macedonia, Moldova, and Latin America and the Caribbean and financial institutions all of which Serbia with pending requests in Turkey Most Latin American countries engaged were committed to fostering the CDM and Kazakhstan. early in creating necessary conditions market in their countries. Given the 18 Global and regional activities alternate between Barcelona (2009) and Assist. The Forum was attended by Moscow, Russia; GIS forum in Warsaw, Cologne (2010); secondly, each Expo nearly 600 stakeholders and co-hosted Poland; and Carbon Conclave in New CF-Assist has been actively involved will have one theme highlighted – at by the Chilean Trade Commission Delhi, India during 2008-09. in organizing meetings at global and Barcelona it will be “cities and carbon (PROCHILE), the Chilean Economic regional level to complement its national finance”, and in Cologne in 2010 “energy Development Agency (CORFO) and Outreach and analytical work and sector based activities in capacity and carbon finance”. the National Commission for the building. The main purpose of these Environment (CONAMA). The Forum In support of its capacity building events is to provide opportunities for At the regional level, CF-Assist was provided an update on the latest activities, CF-Assist has also country stakeholders to access and share instrumental in holding several events market developments and international commissioned and disseminated a knowledge on latest developments in in different parts, along with various negotiations on a future climate number of knowledge products including the carbon market and pursue business partners. protection framework. Furthermore, it studies and analytical reports. Further, opportunities as appropriate. CF-Assist discussed with practitioners and experts CF-Assist organized consultations with has developed a strong network of The Africa Carbon Forum was held in pioneering new strategies and steps stakeholder groups on topics of interest. partners in conducting these events. (See Dakar, Senegal, in September 2008, under towards a low carbon future: pilot chart 5, page 20) the aegis of the Nairobi Framework, with activities under the programmatic CDM, In the transportation sector, CF-Assist World Bank (CF-Assist), UNFCCC, UNDP venturing into the voluntary carbon collaborated with the Clean Air Institute The fifth edition of the Carbon Expo – and UNEP as partners along with IETA. market and tapping the North American to organize three consultation meetings with CF-Assist as co-organizer — was held The three day event brought together greenhouse gas market. – in Washington DC, Berlin and at the in May 2008 in Cologne, Germany. Over all of the key market players – buyers, Conference of Parties in Poznan – to 3,000 visitors attended the conference sellers, and financiers, to discuss ways of Another important event conducted by deliberate on the barriers for mitigation and fair – 20 percent more than the boosting the CDM activities in Africa. The CF-Assist was the second Middle Eastern and possible measures at policy, previous year. 258 exhibitors from 115 event attracted around 600 participants and North African (MNA) Carbon Forum regulatory and programmatic levels to countries participated in the fair. The high from 60 countries, among them 40 held in May 2009 in Cairo, Egypt. It was overcome them. The outcomes from success of Expo reinforced its leadership project developers and 36 government hosted by the Egyptian Environmental these consultations have been used to role in the global carbon market, and representatives. Affairs Agency (EEAA) in partnership provide submissions to UNFCCC on the its status as an unrivaled business and with the French Agence Francaise de transportation sector. knowledge exchange platform for all the The third Latin American Carbon Development (AFD), the International stakeholders in the market. Forum was conducted in October 2008 Emissions Trading Association (IETA) CF-Assist also held two meetings of the in Santiago, Chile, by a partnership and the World Bank’s Global Gas Flaring Host Country Committee – one at the As part of its evolution as a unique comprising UNEP Risø Centre (URC), Reduction (GGFR) unit. Over 250 Carbon Expo in Cologne in May 2008, platform for the market, the Carbon Expo Latin American Energy Organization stakeholders participated in the Forum. and the second at COP14 in Poznan has introduced two innovations for its (OLADE), International Emissions In addition, CF-Assist was also involved in December 2008 to update the host future editions: firstly, the location would Trading Association (IETA), and CF- in organizing a regional forum for JI in countries on World Bank carbon finance 19 activities. There was also a meeting of as an input to the African delegates correlation between various types the Nairobi Framework partners where deliberations leading up to Copenhagen. of capacity building activities and Event Chart 5 Participation (2005-09) 20,254 People host country representatives from The round table also had participation quantitative outcomes (e.g. number Senegal and Congo made presentations from UNFCCC, IETA and DFID. of projects registered in a particular Event Participation (2005-09) 20,254 People on the capacity building activities and country). their impact in the region. Program results and impact iv. It is difficult to attribute measurable Global Expo progress to any specific capacity 44% Country Training Programs 31% CF-Assist supported the publication Given the wide range of activities CF- building program like CF-Assist of the annual State and Trends of the Assist has implemented, the program since many countries have multiple Carbon Market report – compiled by has had a range of diverse indicators donor programs, and in some cases, WB’s technical expert team – which to monitor and measure the progress. implementing similar activities. provided the latest market information These indicators vary across three as well as trends of various carbon phases, indicating intensification of Notwithstanding these limitations, the Regional Events 25% products. The report was formally capacity building activity with each framework would still provide a broad released at Carbon Expo in May 2008. phase. However, use of such a broad indication of progress in a country. Regional Distribution set of indicators can be difficult to Chart 6 below summarizes the results Regional Distribution of Training (2005-09) 6,225 People of Training (2005-09) In collaboration with the National aggregate meaningfully or validate against indicators in the countries where 6,225 People Development and Reforms Commission because: CF-Assist’s work focused on activities in of China and WB’s East Asia regional i. The assessment of some indicators different phases. Global 14% Sub-Saharan Africa team, CF-Assist has supported the is qualitative and hence likely to be 27% preparation of a report on China CDM subjective. program outlining its successes, factors ii. The scope of activities differs from contributing to the success and the country to country. For instance, CF- future priorities. The report is expected Assist has provided rapid assistance East Asia 15% South Asia to be released in late 2009, and will to several countries limiting 24% be a useful reference guide for other interventions to just conducting N. Africa Europe & M. East developing countries in promoting one training workshop, helping 5% Latin America 4% & C. Asia 11% mitigation activities. to strengthen DNA, etc. In other countries, multi-year programs have At the Africa Carbon Expo in Dakar in been implemented. Thus, a phase- September 2008, CF-Assist facilitated a wise transformation can be discussed round table of African delegates on the only in some countries. topic of ”Sectoral Approaches in CDM” iii. It is difficult to establish a direct 20 Chart 6. CF-Assist program indicators and results Phase I (1 yr) Theme Indicators Results Theme I: Governance DNA/Focal Point w/criteria and procedures established • Phase I activities in 22 countries • New DNAs established (Botswana, Gambia, Sierra Leone) • GIS Studies in 3 countries • CF-SEA program in 5 countries • Potential assessment in two sectors: cement and energy Theme II: Priority Sector Engagement Key financial experts trained • 2 Regional Forums in Africa for financial sector • 2 Regional training programs in Africa for Lighting sector Theme III: Key players in sector fully aware of CF, and some have established • 60 potential projects identified through Africa Biofuel Project Deal Flow systems to assess potential projects and Renewable Energy Fund (ABREF) in West Africa At least one PDD completed Stakeholders have identified and quantified assets in key sectors Theme IV: CDM/JI information, approval procedures and project • Africa Carbon Forum held under Knowledge Management opportunities disseminated Nairobi Framework Key local experts trained to design and market projects • South-South Knowledge Exchange in China with 27 with/to international experts countries • Outreach material rendered in French CF-A Work in Countries Armenia (4) Georgia (1) Serbia Yemen Azerbaijan Mauritania Bosnia Nepal (2) Benin Albania Bolivia (3) Bangladesh (2) Botswana Belarus Paraguay Pakistan (3) Kenya (1) Macedonia Syria (1) Rwanda The Gambia Kyrgyzstan 21 Chart 6. CF-Assist program indicators and results Phase II (1 yr) Theme Indicators Results Theme I: Governance Supportive regulatory framework developed Phase II activities in 19 countries Efficient procedures for project review and approval established Institutional strengthening in 5 countries Theme II: Priority Sector Engagement Financial industry understands ‘Rules of the Game’ and instruments to • 3 methodologies submitted to EB on transportation hedge risks • CDM activities launched in biomass energy sector (with Focused CF activity done in priority sectors US EPA partnership) • Promotion of REDD activities launched in partnership with Forest Carbon Partnership Facility (FCPF) Theme III: At least one industry association or intermediary engaged in CF • Financial Intermediaries promoted in Egypt, Morocco, Project Deal Flow Potential projects continue to be identified autonomously Philippines and West Africa • TA to establish Carbon Fund in West Africa (ABREF) At least one PDD validated, marketed, and ERPA negotiated • Nearly 300 CDM projects identified and in various Participation at Carbon Expo stages of development • Over 50 host countries participated at each of the four Carbon Expos since 2005 • POA under development in Morocco and Jordan Chart 6. Phase II(1yr) Continued on page 23 22 Chart 6. CF-Assist program indicators and results Phase II (1 yr) Theme Indicators Results Theme IV: At least one national workshop covering all CF topics in depth, • Regional GIS Forum held in Poland Knowledge Management including PIN development • E-Learning courses under development for CDM/JI Knowledge sustained by web or long-distance learning • Nairobi Framework established in SSA with networking among UN agencies National and regional networks established • Regional carbon forums held annually in LAC, AFR and SAR • Twinning on CF facilitated between northern and south- ern cities (e.g. Barcelona – Mexico, Paris – Bangkok) • Annual ‘State of the carbon market’ reports produced since 2005 • Host country committee meetings held twice annually (at Carbon Expo and COP) CF-A Work in Countries Madagascar Cambodia (4) Honduras (14) Morocco (4) Mongolia (3) Uzbekistan (6) El Salvador (5) Tunisia (2) Senegal Vietnam (7) Peru (18) Moldova (4) Philippines (38) Ecuador (13) Uruguay (3) Sri Lanka (5) Indonesia (25) Guatemala (9) Egypt (4) 23 Chart 6. CF-Assist program indicators and results Phase III (1-2 yr) Theme Indicators Results Theme I: Governance Proactive development and marketing of national portfolio • Phase III activities in 5 countries DNA established sustainable financing plan • Capacity building launched for urban stakeholders under ‘Cities and Climate Change’ initiative Theme II: Priority Sector Engagement CF integrated into commercial investments and in • CB program launched to promote Low Carbon Growth concessional lending plans/decisions strategies in developing countries, including learning programs (partnership with ESMAP) – Case studies from India, China, Brazil, Mexico, South Africa and Indonesia • Participation in WB’s Climate Investment Funds (CIF) to explore CF knowledge role in CC financial instruments Theme III: Self-sustaining deal flow • Sellers funds established and partially functional in Project Deal Flow Intermediaries engaged in CF on sustainable basis Mexico and Argentina Carbon Expo participation with partial or no subsidy Theme IV: Local and regional experts transferring knowledge • China and Brazil involved in South-South knowledge Knowledge Management to other countries/regions exchange Durable mechanisms for knowledge management • Regional hubs being developed in different regions for (e.g. certification, accredited DOE, etc.). ‘wholesaling’ capacity building (e.g. EAP, MNA, AFR) • Comprehensive learning program (including e-courses) under development for ‘Cities and Climate Change) CF-A Work in Countries China (586) Brazil (160) Mexico (117) Argentina (15) India (442) 24 programs have led to direct project a valuable asset as the program seeks iv. As a substantial scaling up of development. At best some indirect to develop priorities and programs for mitigation activities is likely to be one contribution can be attributed. future activities. of the key considerations of a future iv. Nevertheless, the level of project regime, it is important to also focus development in countries reflects the Key Lessons capacity building programs that can appropriate choice of activity and focus help large scale mitigation. for CF-A programs in these countries. The Some of the important lessons from the v. It is important to refine the program exceptions are the countries in Sub- experience of CF-Assist are summarized indicators to better reflect the Saharan Africa. The fact that Madagascar below: performance parameters and establish and Senegal, despite intensive activities i. While in most countries basic awareness better correlation between outputs of Phase II level, do not have any and infrastructure has been created and outcomes. Also needed are better registered projects yet indicates the in terms of carbon finance (much less tracking and reporting systems for impact of other serious barriers that in JI countries), there is still a need for various results achieved in the program. affect project development, and the such support in some regions, especially difficulty in correlating capacity building in Sub-Saharan Africa, Central Asia activity to project deal flow. and South East Europe. However, such support needs to be customized to the Some of the highlights from these results are specific conditions so that countries come up to speed as soon as possible. Some of the observations from the above • CF-Assist has made substantial progress ii. In order for smaller developing countries chart are: in meeting diverse client needs. More to benefit from carbon market, it is than half the countries have focused essential to develop activities in specific i. CF-A activities have been largely higher phase activities rather than potential sectors, and adopt programmatic demand-driven with specific activities basic level capacity building activities approaches. Support in activities such being implemented in different defined in Phase I. as development of sector baselines, countries (across themes and phases). • CF-Assist has successfully delivered a creating reliable databases, management ii. The number of registered projects number of global, regional and national institutions, etc. will be crucial. (mentioned in the parentheses against events and training programs, which iii. As the capacity programs expand in countries, as on 12 July 2009) reflects benefited more than 20,000 professionals terms of scope and reach, it is important approximately the status of a country (Chart 5). In the process, the program to move implementation from a retail in terms of capacity. For instance, Phase has developed strong expertise in face-to-face approach to a more III countries have the largest number of organizational planning and execution. wholesaling approach where programs registered projects while Phase I have • CF-Assist has developed an extensive can be delivered through means such the least. network of clients, partners and as virtual platforms and regional iii. However, this does not convey or stakeholders, who are key players in the organizations. This is important for conclude that capacity building carbon market, and such a network is program efficacy as well sustainability. 25 Future Outlooks Cities and Climate Change Cities participating in CF-Assist’s Basel Event Over 5 billion people are expected to live in urban areas by the year 2030, over • Cape Town • Surat 60 percent of the world population. Most of the urban growth will take place in • Johannesburg • New York developing countries. Already, 34 of the world’s 50 biggest cities such as Jakarta, • Tshwane (Pretoria) • Toronto Manila, Sao Paulo, Mumbai, Mexico City, New Delhi, and Karachi are located • Nairobi • Copenhagen in developing countries and economies in transition. By 2030, cities will be • Dar es Salaam • Basel responsible for about 80 percent of global greenhouse gas emissions. • Jakarta • Seoul • Quezon City • Karachi • Ho Chi Minh City • Sao Paulo • New Delhi • Mexico After three years of capacity and etc.. Nevertheless, some of the ongoing many opportunities of designing and institutional building as a relatively work in supporting specific countries developing sustainable infrastructures. small program, CF-Assist is now in will continue, especially under the Such processes are already manifest in the midst of a transition, influenced Nairobi Framework in Africa. several cities around the world. In order by various developments: likelihood to promote carbon finance and create of a possible new international New initiatives favorable environment for mitigation climate regime beyond 2012, and the activities, CF-Assist has launched an World Bank’s Strategic Framework on In addition to its country-focused umbrella program on ‘Cities and Climate Development and Climate Change, approach of the past, CF-Assist has Change’, with support from Spain which aims at a comprehensive response begun to develop programs based on and Switzerland. The program has the to climate change. Thus, since 2008, specific themes (urban), approaches following components: CF-Assist has been working towards (POA) and sectors (EE, biomass, etc.). It closely aligning its program activities has also begun to expand the capacity with other initiatives in the World Bank. tools through development of e-learning Towards this end, CF-Assist has entered courses on specific CF topics. into internal partnerships with CFU, ESMAP, Urban Anchor, Transport Anchor, Cities and Climate Change etc. on various knowledge programs. At In the future, cities will play a key role the same time, CF-Assist has also begun in climate mitigation and adaptation to pilot activities that potentially would since the majority of the world’s contribute to scaling up of mitigation population will live in urban areas. in a significant way – programmatic Urbanization will therefore cause approaches, sector-specific activities, a huge impact on climate change but at the same time will provide 26 A City-based capacity building that will building program is the ‘twinning’ involve selection of around 10-15 cities, initiative, which aims to bring cities and develop multi-year customized from the North and South to allow capacity building programs that peer-to-peer exchange of knowledge, deliver services in terms of training of nest practices and lessons learnt stakeholders, project development and on climate action. Such a twinning institutional strengthening. arrangement will also examine the possibilities of carbon trade among The program Carbon Finance Capacity cities. The Twinning Initiative will Building in Emerging Mega Cities of the be formally launched at the Urban South aims to demonstrate the potential Symposium, CF-Assist is organizing contribution of Carbon Finance to a in Barcelona, Spain in May 2009 in smarter city growth, share knowledge, conjunction with the Carbon Expo. This raise awareness among city officials, and event is sponsored by the Government trigger capacity building with Carbon of Spain. Finance programs. A component of the capacity building program was launched In implementing this program, CF-Assist at a workshop in Basel, Switzerland in has forged partnerships with a number of February 2009. Delegations from 18 important city networks such as the ICLEI cities from around the world participated – Local Governments for Sustainability, in the event, and a city short listing and United Cities and Local Governments selection process is currently underway (UCLG) and C40. to decide the pilot cities. An important component of the capacity 27 Knowledge Management Program and target a variety of stakeholders Hubei province and interacted with identified and specific activities will be In order to expand the reach and scope like policy makers, public officials, NGO project developers, federal and provincial started in the latter part of 2009. of the capacity building programs, representatives, bankers, auditors. officials and local CDM experts. They and to facilitate a move towards also visited four CDM projects which are New Africa Initiative wholesaling approach to learning in After these pilot courses, the learning currently implemented and interacted In addition to the ongoing programs the field of carbon mitigation, CF- programs will be extended to other topics with project officials in learning about in Sub-Saharan Africa, CF-Assist will Assist has launched the development including specific technologies, sectors the processes, factors that contributed to intensify its market development efforts of e-Learning programs on different and themes, as per perceived demand. their success, and problems they faced. through activities in specific sectors and aspects of carbon finance and climate approaches. Towards this end, CF-Assist change. Initially, three programs are South-South Cooperation The initial feedback from these programs is collaborating with Africa Region being developed: for Knowledge Exchange has been highly favorable, and CF-Assist of World Bank to develop mitigation i. Basic online course on CDM/ CF-Assist launched the initiative on would consider expanding the program activities in the agriculture sector; JI, in collaboration with the GHG South-South cooperation with the to include other successful nations such partnership with US-EPA to promote Management Institute objective to facilitate knowledge as India and Mexico in the future. CDM in biomass energy sector; and ii. Course on Energy in Urban exchange among developing (non- partnership with REEEP/UNIDO for CDM Areas, in collaboration with the Annex I) countries, so that best practice Development of Regional Hubs activities in power sector (including rural International Institute for Energy and lessons of successful countries As part of the wholesaling approach, electrification) in West Africa. A detailed Efficiency, and could be learnt from. In the first CF-Assist has initiated the process of work program is under development, iii. Course on Programmatic CDM, in instance, a team of CDM stakeholders identifying specific organizations in the and will start implementation in the collaboration with KfW from Botswana visited Brazil in October regions, which could provide capacity second half of 2009. 2008 and interacted with different so that they could take up various CF Each of the programs will have 6 to 10 players in the carbon market, and development activities on their own modules covering various aspects, and gained valuable insights into project in the long run, including delivering will use basic procedural information, and market development. learning programs, providing technical project case studies, fact sheets, services, acting as knowledge clearing quizzes, etc. as tools of instruction. The CF-Assist has also organized a South- houses, etc. CF-Assist is in discussion courses will be available for delivery South program in China in May 2009 with two organizations – in Jordan and worldwide via various tools (e.g. online, in which 26 participants from 17 Senegal – to develop the scope of such distance learning, regional hubs, etc.) countries (AFR, MNA, EAP, ECA) visited an activity. More organizations will be 28 Conclusion In its three years of implementation, CF-Assist mid-term evaluation: Key recommendations CF-Assist has covered a number of countries, hosted scores of events at various levels, trained professionals, As the initial phase of CF-Assist is winding up and the program is evolving built and strengthened institutions, to address the emerging capacity needs and challenges through a second fostered networks and partnerships and generation program, WBI commissioned an independent evaluation of the helped identify projects. In this process program. The evaluation has identified a number of best practices as well as some aspects which need strengthening. Some of the key recommendations are the program has gained considerable given below: experience and several important • Set up a regular process for systematic review of country programs so as to lessons, which should be invaluable in adapt the actions to changing needs. its future activities. In order to capture these experiences and the feedback from • Strengthen the knowledge sharing tools by increasing the real life case studies different stakeholders, CF-Assist has to demonstrate best practices and lessons learned. commissioned an independent mid- term evaluation of the program. This • Develop a robust and focused set of performance indicators to better capture evaluation, which will be available by impacts of the program. June 2009, is expected to, among other things, discuss the possible direction CF- • Strengthen the communication and reporting (internal and external) systems Assist could take in meeting the emerging to create timely access to information and program status. capacity needs. CF-Assist also aims to • Revisit the strategic framework to develop and prioritize new activities in engage the stakeholders in meetings the context of next phase to better reflect the needs and demands of various such as the Donor Meeting, Host Country stakeholders. Committee, etc. to receive feedback on CF-Assist would address these recommendations while designing the next the present program and future priorities. generation activities. Some of this is already reflected in the recently-launched It is hoped that this process will result in ‘Cities and Climate Change’ initiative. a clear direction and mandate in terms of addressing the next generation of capacity needs in the carbon market. 29 Annex Annex 1. CF-Assist events for 2008-09 Month Event City, Country Partici- Days pants May 08 Programmatic CDM: Seminar-Clinic Chisinau, Moldova 60 3 May 08 Global Carbon Expo 2008 Cologne, Germany 3000 2.5 May 08 Global Carbon Expo: Side event for the French speaking CDM community Cologne, Germany 50 0.2 May 08 Annual HCC Workshop and Meeting at the Carbon Expo 2008 Cologne, Germany 20 1.5 June 08 Carbon Finance Training Workshop Nouakchott, Mauritania 40 3 June 08 Carbon Finance Training Workshop Cotonou, Benin 43 2 June 08 Formulation of Clean Development Mechanism (CDM) Projects Gaborone, Botswana 30 2 June 08 Carbon Finance Training Workshop Ulan Bator, Mongolia 40 June 08 Warsaw GIS Forum Warsaw, Poland 80 2 July 08 National Workshop on CDM Banjul, The Gambia 40 3 August 08 Study Tour to Brazil; South-South Exchange Gaborone, Botswana; Brazil 6 10 September 08 Africa Carbon Forum Dakar, Senegal 550 3 September 08 Side event at the Africa Carbon Forum for the French speaking CDM community Dakar, Senegal 50 0.5 October 08 Latin America Carbon Forum Santiago, Chile 744 3 October 08 India Carbon Market Conclave New Delhi, India 360 3 October 08 Training Workshop focusing on the Energy Sector Bamako, Mali 40 2 October 08 Carbon Finance Training Workshop for the Development of Small Power Projects Dar es Salaam, Tanzania 30 2 December 08 HCC Semi-Annual Meeting at COP 14 Poznan, Poland 35 1 December 08 Nairobi Framework event at COP 14 Poznan, Poland 40 1 February 09 Workshop on Carbon Finance Capacity Building (CFCB) for Emerging Mega Cities Basel, Switzerland 90 3 February 09 Carbon Finance Project Development Training Program Ulaanbaatar, Mongolia 45 3 March 09 Carbon Assist Workshop Nairobi, Kenya 40 2 March 09 CDM Project Evaluation and Appraisal Workshop Lomé, Togo 35 3 March 09 Carbon Finance Day/ Partnership for Clean Indoor Air 2009 Kampala, Uganda 80 1 April 09 Accessing Carbon Finance Workshop Belgrade, Serbia 50 2 April 09 Carbon Finance Workshop Sarajevo, Bosnia 40 0.5 May 09 Middle East and North Africa Carbon Forum Cairo, Egypt 250 2 May 09 Launch of the CDM South-South Cooperation between China and other developing countries Beijing and Hubei Province, China 40 7 TOTAL 5,928 30 Annex 2. CF-Assist Partners Partner Country/Region Program/Event Comments Nairobi Framework Sub-Saharan countries Capacity building UNDP, UNEP, UNFCCC, UNECA. AfDB Center Mario Molina Mexico Executing Agency for Mexican CF-Assist Fully operational IETA Worldwide Carbon Expo Yearly event until 2010 Koelnmesse Worldwide Carbon Expo Yearly event until 2010 CEFEB AFR CF Training Programs in Africa MOU signed in May 2008 AFD AFR / MNA Africa Assist Provided a Secondee for CF-A UNEP-Risoe Center Africa CF-SEA and CD4CDM Complementary programs in SSA METAP MNA METAP Carbon Finance Initiative Capacity building in North Africa Regional Energy Association El Salvador, Guatemala and Nicara- Central America CF-Assist program Recipient-executed grant gua OLADE LAC LA Carbon Forum Yearly event UNIDO Global Clean Energy Sectors Joint activities US-EPA Global Rural energy and biomass Joint activities Financial Intermediaries Organization Country Fonds Communal de l’Equipement (FEC) of Morocco Morocco National Bank of Egypt (NBE) Egypt Land Bank of the Philippines (LBP) The Philippines Development Bank of the Philippines (DBP) The Philippines Department of Social Welfare and Development (DSWD) The Philippines Foundation for the Philippine Environment (FPE) The Philippines Department of Environment and Natural Resources (DENR) The Philippines Argentina Carbon Facility Argentina Mexico Carbon Facility Mexico Brazilian Mercantile & Futures Exchange Brazil Cambodia Carbon Facility Cambodia Africa Carbon Fund West Africa 31 Annex 3. Financial Information Financial Summary Disbursement $14,946,975 $8,594,677 Pre-WBI Balance Management Cost $1,571,227 $936,336 $1,359,035 17% 6% 15% Disbursement (April 09) $8,594,667 Global Activities Commitment $1,534,235 58% (2009-11) 17% $5,415,972 36% Carbon Expo $810,642 9% Total Region $3,916,104 42% Donor Contribution $14,946,975 AusAid Switzerland (Australia) $2,520,600 $1,315,000 Denmark 17% 9% $425,000 3% AFD (France) $2,256,750 58% MEDD $199,125 1% Spain $8,230,500 55% 32 Annex 4. Acronyms AfDB African Development Bank FAC Fondo Argentino de PDD Project Design Document AFR Sub-Saharan Africa (WB) Carbono (Argentine PHRD Policy and Human BOAD Banque Ouest Africaine de Carbon Fund) Resources Development Développement FICCI Federation of Indian PIN Project Idea Note CDM Clean Development Chambers of Commerce POA Programme of Activities Mechanism and Industry SAR South Asia (region of CEFEB Centre d’études financières, FOMECAR Fondo Mexicano del World Bank) économiques et bancaires Carbono/Mexican Carbon TA Technical Assistance CF Carbon Finance Facility UNDP United Nations CF-A Carbon Finance-Assist GHG Greenhouse Gas Development Programme CFU Carbon Finance Unit (WB) GIS Green Investment Scheme UNECA United Nations Economic CF-SEA Sustainable Energy HCC Host Country Committee Commission for Africa Services in Africa IETA International Emissions UNEP United Nations COP/MOP Conference of Parties/ Trading Association Environment Programme Meeting of Parties to the IFC International Finance UNFCCC United Nations Framework Kyoto Protocol Corporation Convention on Climate DNA Designated National JI Joint Implementation Change Authority LAC Latin America and the UNIDO United Nations Industrial EB Executive Board (of CDM) Caribbean Development Organization EAP East Asia and the Pacific METAP Mediterranean WB World Bank (WB) Environmental Technical WBI World Bank Institute ECA Europe and Central Asia Assistance Program (WB) MNA Middle East and North ECOWAS Organization for Economic Africa (MENA/WB) Cooperation in West MOU Memorandum of African States Understanding EE Energy Efficiency OLADE Latin American Energy ESMAP Energy Sector Management Organization Assistance Program PCF Prototype Carbon Fund 33 CF-Assist Team Emine Kildirgici, Inmaculada Valle Judy Tai Tung, Marcos Castro Michael Streck, Nadine Dulac, Daisy Luisa Extended Term Furio, Consultant Temporary Rodriguez, Consultant Environmental Martinez, Consultant Environmental Specialist Temporary Specialist Nanae Yabuki, Orphe Peter Schierl, Rutu Dave, Samira El Venkata Extended Term Ofumilayo Extended Term Extended Term Khamlichi, Ramana Consultant Olympio, Consultant Consultant Environmental Putti, Sr. Program Specialist Environmental Assistant Specialist & Team Leader 34 35 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 36