The Gold Standard Chris Halliwell Senior Carbon

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The Gold Standard Chris HalliwellSenior
Carbon Renewables Broker

 
  
  
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About the Gold Standard - What it is

• Quality Label to CDM/JI and voluntary offset
  projects
• The Gold Standard is endorsed by over 49
  non-governmental organizations worldwide
• The Gold Standard was developed under the lead of
  WWF
• Renewable energy and energy efficiency projects
  with sustainable development benefits are
  eligible
• Provides a marketplace resource, extensive
  process and guidance resources
• Independent VER registry to track units
• The Gold Standard is owned by the Gold Standard
  NGO supporters, a group of 60 NGOs/charitable
  organizations that have subscribed to its
  principles.

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Why use it --Value add accreditation

• The Gold Standard brings quality and certainty to
  an uncertain market.
• Sustainable development is at the heart of the
  Gold Standard process
• Price premium 15-40
• Gold Standard credits have value in any policy
  environment for this reason, companies feel
  safe with Gold Standard because they know their
  carbon investment will have value even if the
  policy environment changes!

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How Does it Work?

• The Gold Standard is essentially a set of tools
  ('Screens') that guide project proponents through
  the project development process.
• To comply with the Gold Standard, some
  information going beyond the standard
  requirements for CDM or voluntary offset projects
  must be provided in the project design document
  (PDD).
• This information is checked by an independent,
  UNFCCC-accredited organisation, the so-called
  Designated Operational Entity (DOE) - in the case
  of a CDM project this can happen as part of the
  conventional validation required. Successful
  validation leads then to registration to the Gold
  Standard.

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The Gold Standard Project Pipeline
Total 205 Projects
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The Gold Standard Project Pipeline
Total Volume15Mt
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What proportion of the market is currently GS?

• 2.18 of issued CERs from projects that are EE or
  RE (eligible activities) are Gold Standard
  Accredited
• 9 of accredited Over The Counter VER
  transactions in 2007 were Gold Standard
  Accredited

(UNEP RISOE CDM pipeline data, last updated 1
October 2008) Ecosystems marketplace
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The Way Forward?

• Sellers have found clarity efficiency increases
  on the process of achieving Gold Standard
  accreditation as a result of version 2
• How can we promote the demand for these type of
  credits?
• Voluntary market fosters innovative project
  development
• Allowing bottom up consumer sentiment and agenda
• Gold Standard allows for values driven products
  to become robust and be presented to the market
  DRIVING VALUES CENTRIC MARKET ECONOMICS
• Increasing their profile and establishing their
  processes to allow for transition into compliance
  markets
• The carbon market can adopt deeper social and
  environmental compliance demand as a result.

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ThankYou Chris HalliwellSenior Carbon
Renewables Brokerchalliwell_at_tfsbrokers.com.au6
13 96142700409012591

 
  
  
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Version 2 Making it Easier

• The features, advantages and benefits of V2
  designed to
• Making the process easier and more robust
  transparent
• Facultative gold standard toolkit gold standard
  requirements all open sourced
• APX Registry launched to enable transparency
• Looking to undertake the process? There are
  comprehensive outlines on the gold standard
  website and you can speak with your TFS Green
  Brokers team member for guidance and insight into
  how to best approach this.

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For CDM Projects

• Simple, fully integrated in the conventional CDM
  project development process and causes only minor
  additional transaction costs.
• GS CERs are Gold Standard Certificated Emission
  Reductions which come from projects following
  the GS CDM guidelines AND the UNFCCC CDM
  methodologies
• The difference is simply two obligatory
  stakeholder consultations to ensure the
  participation of the local stakeholders the
  "Initial Stakeholder consultation" and the "Main
  consultation".

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For Voluntary Projects

• VER project activities must use either an
  approved UNFCCC CDM methodology or a GS VER
  methodology to be eligible for Gold Standard
  registration (two developed)
• Gold Standard VER project activities may be
  located in any host country or state. However,
  where host countries or states have caps on GHG
  emissions, projects shall only be eligible if the
  Project Proponent has provided the Gold Standard
  Foundation with satisfactory assurances that an
  equivalent amount of allowances will be retired
  to back-up the GS VERs issued.