Veolia Environnement Sa · EURONEXT:VIE
Veolia Environnement Sa — Conference on Mitigating Methane Emissions - From science to innovative solutions (November 2015)
10 slides from Veolia Environnement Sa's conference presentation, Nov 9, 2015
Slide 1: Mitigating methane emissions - From science to innovative solutions
Veolia Institute Mitigating methane emissions - From science to innovative solutions November 09, 2015 1
Slide 2: Introduction video
Introduction video Play Video 2
Slide 3: Video recap - The PAF's objectives and scope
Video recap --The PAF’s objectives and scope 1. Pilots an innovative climate finance mechanism 2. Uses auctions to maximize impact of funds 3. Provides incentive for private sector investment in GHG reducing projects 4. Pays only upon results 5. Learning a key objective for scaling-up or replication
Slide 4: PAF offers a price guarantee for methane projects to sell their carbon credits
PAF offers a price guarantee for methane projects to sell their carbon credits • Carbon credit prices collapsed, stranding projects with no incentive to reduce emissions • The PAF sells “put options” to guarantee projects a floor price for carbon credits • The auction result set the guarantee price
Slide 5: First auction eligible sectors
First auction eligible sectors First auction sectors Other sectors identified Household biogas Landfill gas to energy Oil & gas Landfill gas Animal waste capture Coal mine methane 5
Slide 6: First auction parameters and eligibility of credits
First auction parameters and eligibility of credits Auction parameters Eligible carbon credits • Auction date was Wednesday, July 15, 2015 • Must be Certified Emission Reductions (CERs) • The auction budget was $25 million • Originate from a project that uses methodologies in the waste, waste water
Slide 7: First auction result
First auction result 240 5 2% Volume of put options sold Put option strike price Put option premium Number of auction rounds eae] & WORLD BANK GROUP
Slide 8: Next steps
Next steps Fundraising ongoing to achieve $100m capitalization target ($53m to-date) Subsequent Two or three more pilot auctions, expected in 2016/2017 PAF auctions Each auction will test different auction techniques Discussion among participants regarding sectors of focus for future auctions PAF-li
Slide 9: Applying the PAF mechanism to oil & gas
Applying the PAF mechanism to oil & gas Study • Study focused on applying a PAF-like mechanism to flaring and methane emission reductions in the oil and gas sector • The sectors own emissions represents 8% of global GHG emissions • Barriers hinder emission reduction efforts. The Study reviews the po
Slide 10: Current contributors
Current contributors Vendors / Agents 10