CONGRESO NACIONAL CAMBIO CLIMÁTICO 17-22 DE OCTUBRE DE 2011 Los mercados de Carbono.

Presentación del tema: "CONGRESO NACIONAL CAMBIO CLIMÁTICO 17-22 DE OCTUBRE DE 2011 Los mercados de Carbono."— Transcripción de la presentación:

1 CONGRESO NACIONAL CAMBIO CLIMÁTICO 17-22 DE OCTUBRE DE 2011 Los mercados de Carbono

2 Situación actual en los mercados de carbono ¿Diez años (y mas..) de mercados de carbono y con cuales resultados? Post 2012:¿Hacia el fin de la era de los mercados regulados? Incertidumbre con el futuro de Kioto ¿Nuevos mecanismos y nuevos mercados? Transición del MDL ¿Con cuales recursos?

3 2010: el mercado se estabiliza 135 0.7 11 31 63 (in billion US$) 144 142

4 Mercado Global dominado por EU ETS

5 Mercado CDM se devalua a la mitad CDM activity declined markedly  reduced compliance needs due to slow economic recovery  uncertainty re: post-2012 rules  less origination activity as buyers seek predictable credits and less projects  competition with AAUs and secondary CERs Following lower demand by EU ETS  Segmentation due to qualitative restrictions (ban of CERs from industrial gases)  Risk allocation reflects buyers’ market Catalytic role of CDM & JI disappears without post-2012 clarity CDM value (US$ billion -12% -59% -46%

6 6 Situación de los mercados y propuestas de comercio de emisiones Operating Likely (?)Considering © OECD/IEA - 2010 ConsideringUnder preparationOperating

7 7 4 pillars as spelled out by High-level Advisory Group on Climate Financing (AGF): Public sources (Budget of developed countries) Development bank instruments Carbon markets Private capital Send price signal directing capital flows to less carbon-intensive options Lower cost of meeting emission reduction targets through trading Catalyze low-carbon growth in developing countries > transactions of offsets (essentially private flows) > public funds through auctions / transaction taxes > crowd in private capital in support of $100 billion target Mercados de carbono en el contexto de la financiación del cambio climático $100 bn per annum by 2020 Compares to historic ~$10 bn p.a. of international climate finance Cancun Agreements, mobilize long- term finance to address needs of developing countries