Baltic Sea Region

1

• Baltic Sea Region
• Testing Ground Facility
• Unlocking project potential
• First UNFCCC Workshop on the implementation of
  Article 6 projects under the Kyoto Protocol
• 26-27 May 2004

2

• WHAT IS HOLDING PROJECTS BACK ?
• Regulatory and institutional constraints
• Kyoto bodies
• (To be appointed)
• National regulations bodies
• (To be approved/appointed)
• Interpretation of Kyoto rules (Will a
  project qualify ? Additionality)

3

• WHAT IS HOLDING PROJECTS BACK ?
• Constraints in respect of project preparation
• Capacity
• (Expertise in preparing documentation)
• Costs
• (Project owners willingness to pay. Other
  sources ?)
• Competence
• (e.g. unrealistic assumptions
  expectations)

4

• WHAT IS HOLDING PROJECTS BACK ?
• Project financing constraints
• Viability of total investment
• (An investment decision on corporate or
  municipal level must be justified on its
  own merits)
• Full financing of total project
• (ERUs/AAUs will only pay for a fraction of
  total investment costs
• Payments will be late rather than up-front)