Objectives
Drawing on international examples, this workshop will take a Case Study approach to looking at the common pitfalls of the validation and verification of carbon projects. It will present the most common pitfalls by project developers that can lead to delays in project validation/verification, significant differences between modeled emissions reduction and those finally certified or even the project not being eligible under a carbon program. The session will highlight best practices from around the world to enhance project developer’s readiness for the expected opening of the Indonesian carbon market to international trade.
Background
From the first carbon project registered back in 2004, a municipal waste-to-energy project in Brazil under the Clean Development Mechanism (CDM) of the Kyoto Protocol, the carbon market has seen how between twenty and thirty percent of the estimated project emissions reductions ex-ante could not be verified ex-post. Some project types reach a fifty percent deviation. This leads to significant financial losses for the project developer and to a lower mitigation impact than expected.
These issues highlight the complexities of the development of carbon projects, raising the need for deeper understanding and better practices. To explore these challenges, this workshop will take a case studies approach. A pioneer in carbon project validation and verification and author of several publications on best practices for carbon project development, Miguel Rescalvo, will showcase the common pitfalls in the design and implementation of carbon projects. The session will focus on how to overcome these obstacles and highlight best practices from around the world, preparing project developers for the expected opening of Indonesia’s carbon market to international trade.
Speakers
Miguel Rescalvo, Managing Partner, Neyen
Sarfina Adani, Consultant, Neyen
Agenda
09.00 – 09.30 Registration and coffee
09.30 – 09.35 Welcoming remarks, Sarfina Adani, Neyen
09.35 – 09.50 Introduction to PDD and interactive session, Sarfina Adani, Neyen
10.00 – 10.30 Common pitfalls in the validation and verification of projects, Miguel Rescalvo, Neyen
10.30 – 11.15 Q&A
11.15 – 11.20 Closing and photo session
11.20 – 12.00 Networking session
When and where?
31st October, 09:00 – 12:00 WIB
We-work Noble House Kuningan. Meeting room 29D, access via Floor 30.
Please note, this is an in-person only event.
Who should attend?
This workshop is intended for private sector Project Developers based in Indonesia, government officials, NGOs, and CSOs who are interested in participating in the carbon market or represent local communities with an interest in the Indonesian Carbon Market.