From%20Pipe%20Dreams%20to

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www.ecotraders.co.il
From Pipe Dreams to Pipelines Getting the
first CDM project in Israel going
Presented by Adi Dishon Managing Director
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2004 - CDM Jump Start

• Feb. 2004- Israel Ratified Kyoto Protocol (as non
  annex 1 party)
• Establishment of Designated National Authority
  (DNA)
• Determining sustainable development criteria

Israeli CDM projects ready to roll
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Getting the CDM - Off the Ground

• Step 1 Identifying potential sectors
• Step 2 Identifying potential projects in each
  sector
• Step 3 Presenting the CDM concept to decision
  makers of each project
• Step 4 Carrying out feasibility studies
• Step 5 Getting the First CDM project going

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Barriers

• Conceptual Barriers
• Moving Environmental issues from the Minus to
  the Plus side of the balance sheet
• Investment Barriers
• High transaction costs
• High implementation costs
• Lack of upfront financing
• Low carbon prices

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The Flag Ship Project

• To get a local CDM market going you need one
  substantial flag ship project that shall serve as
  a
• Pilot Project
• Capacity Building exercise for both government
  private sector
• Role Model

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Requirements of a Flag Ship Project

• Large volume project that can overcome barriers
• Cooperative project developers
• Develop role model project in each sector

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Current achievements of the Israeli CDM Market

• Flag ship project First Israeli CDM project
  initiated in a cement plant. Project shall serve
  as a role model for Israeli industries to
  introduce state of the art technologies.
• Second CDM project Role model project in the
  Solid Waste sector (Methane collection). Project
  shall revolutionize solid waste sector in Israel
  (funding rehabilitation of dump sites).

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Advantages of Israeli CDM Projects
The ability to rely on
GHG reduction technology Monitoring technology Renewable Energy Local Technology
(A-) Credit Rating Financial Stability
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Advantages of Israeli CDM Projects
Feasibility assessments Field surveys Legal financial advising CDM registration process Local Professionals scientists, engineers, lawyers
Stable democracy Clear environmental regulation (EIA) Transparency Governmental Infrastructure
Promote implementation of GHG reduction projects Awareness for sustainable development Valuable stakeholder involvement Local Initiatives
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Advantages of Israeli CDM Projects

• These advantages result in
• Lower transaction costs Due to reliance on
  local human technological resources
• Lower risks Due to reliable data, government
  infrastructure financial stability
• Israeli credible quality carbon credits by 2005

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Acknowledgements I wish to thank the Rieger
Foundation for enabling my
participation at COP10
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Contact Details Website www.ecotraders.co.il Ema
il dishon_at_ecotraders.co.il Tel
972-2-6483174 Cell 972-52-3805549