92 Developing a CDM or JI project to reduce greenhouse gas emissions – Identifying opportunities – Getting started ANNEX 12 Financial operators (consultancies, banks and lending institutions or certification organisations) are offering intermediation services such as: l Project identification and aggregation (for small-scale projects, aggregation by one operator is particularly important in order to keep down transaction costs); l Technical assistance upstream from project set-up and handling of the administrative approval procedure; l Assistance with emissions monitoring; l Identification of foreign partners. A particular example is the Caisse des Dépôts et Consignations, which initiated the scheme and launched a call for projects in October 2007, offering some of its services to kick-start the mechanism. What is the situation today in practice? At the time of production of this document (October 2008), about twenty domestic offset projects are currently under development in France. Most are “aggregated projects”. Fourteen are being developed in response to the Caisse des Dépôts et Consignations call for projects, and represent total potential emission reductions of more than 2.1 MtCO2 for the 2008-2012 period; 3 others (1.3 MtCO2), for which the method has not been referenced by the government, are being processed. The last three projects (1.5 MtCO2) are being conducted outside the scope of the Caisse des Dépôts et Consignations call for projects. The majority of these projects concern heat from biomass, followed by energy efficiency. Taken together, the domestic offset projects currently under development in France could help to reduce GHG emissions by almost 5 MtCO2 from 2008 to 2012. What are the prospects beyond 2012? Domestic offset projects are based on the JI mechanism, which is currently to remain in force until 2012. However, the European Commission put forward a new directive on 23 January 2008, aiming to reform and continue the EU-ETS over the 2013-2020 period. The proposed directive explicitly includes the possibility of developing a European scheme for domestic offset projects, or of harmonising the various national “domestic offset project” schemes that currently exist in Europe to date, in most of the new Member States as well as in France, Germany, Spain and Denmark. For more information Useful contacts MEEDDAT Ministry for Ecology, Energy, Sustainable Development and Town and Country Planning Daniel Delalande Tel. +33 1 42 19 14 99 http://www.effet-de-serre.gouv.fr/les_projets_domestiques Caisse des Dépôts et Consignations Yves André Tel. +33 1 58 50 11 87 http://www.caissedesdepots.fr/projetsdomestiquesco2
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