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Department of Energy and Climate Change Projects Page

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Now showing projects 1 - 10 of 16

Nationally Appropriate Mitigating Actions Facility [GB-4-91071]

Budget: £75,000,000 Status: Implementation Reporting Org: DECC

The UK Department of Energy and Climate Change (DECC) and the German Federal Ministry for the Environment, Nature Conser-vation and Nuclear Safety (BMU) jointly set up the “NAMA Facility”. The Facility is designed to support developing countries that show strong leadership on tackling climate change and want to implement transformational Nationally Appropriate Mitigating Actions (NAMA);

International Carbon Capture and Storage Capacity Building [GB-4-91089]

Budget: £60,000,000 Status: Implementation Reporting Org: DECC

Build developing country capacity to deploy carbon capture and storage technologies. The UK will provide £60 million of finance from the International Climate Fund (ICF) to support developing countries to develop both the technical and institutional knowledge necessary to enable the deployment of CCS technologies. Financial support would be channelled toward a range of projects with the aim of ensuring sufficient political support is created to pave the way for full scale demonstration and ultimately the deployment of CCS.;

Forests Carbon Partnership Facility [GB-4-91093]

Budget: £60,000,000 Status: Implementation Reporting Org: DECC

£3.5 million to the FCPF Readiness Fund and £56.5 million to the FCPF Carbon Fund – administered by the World Bank to help 47 countries reduce greenhouse gas emissions from deforestation. ;

Global Climate Partnership Fund (GCPF) [GB-4-91094]

Budget: £30,012,000 Status: Implementation Reporting Org: Department of Business, Energy and Industrial Strategy - ICF

GCPF is an innovative public-private partnership with the objective of increasing the flow of finance to small and medium enterprises (SMEs) and households for energy efficiency projects, and to a lesser extent renewable energy, by mobilising private finance. Targeting projects across developing and emerging economies, it aims to deliver greenhouse gas emissions savings and support local development. GCPF was established by the German Government (BMU) and development agency (KfW) and has been operating successfully since 2011 and is open ended with no set close date. GCPF is a Fund that is commercially run by Deutsche Bank. The majority (at least 70%) of the Fund will be used to provide local financial institutions with credit lines, with which they in turn offer market rate loans to SMEs/households for renewable energy or energy efficiency projects. A smaller part of the Fund, up to 30%, will make direct investments (equity or debt) in similar projects. GCPF has a complementary technical assistance facility for local financial institutions to introduce or enhance innovative climate change oriented loan products to facilitate new and protect existing investments of the Fund. The private sector (both local financial institutions and the wider capital markets) has a lack of experience and hence confidence in providing finance for small-scale renewable energy and energy efficiency projects. This means that appropriate finance is either not available to SMEs and households, or that lending is offered at prohibitively expensive rates to compensate the high risk that is perceived due to lack of experience of this type of lending. This is a particular issue in developing countries. GCPF aims to address this by using public funds to take a greater level of risk with a lower rate of return than commercial investors would accept in order to mobilise investment in to the Fund. By demonstrating that low carbon investments can be economically attractive and sustainable GCPF aims to accelerate and attract additional capital at scale into climate financing. GCPF does not offer finance at concessional rates to local financial institutions which helps ensure the development of a sustainable market. ;

Low Carbon agriculture in Colombia [GB-4-91073]

Budget: £15,000,000 Status: Implementation Reporting Org: DECC

The UK is providing a £15m grant over 2012 to 2016 to support the growth of silvopastoral systems (SPS) in Colombia to reduce greenhouse gas emissions, improve the livelihood of farmers, protect local forests and increase biodiversity. Agriculture is one of the biggest sources of greenhouse gas emissions in Colombia and many other developing countries, and a key driver of deforestation. Addressing this fact, the UK and partners are working with cattle ranchers to improve degraded grazing land by using SPS. This means managing the land in a different way: planting trees, shrubs, fodder crops and living fences and conserving existing forest. Participating small farmers, the majority of whom are living in conditions of rural poverty, are able to raise more, healthier cattle on their existing land using SPS, increasing their income and reducing the need to clear forest. This project aims to convert 28,000 hectares of grazing land to SPS, saving around 2MtCO2e over the next 8 years, and create a strategy for increasing the use of SPS in Colombia and beyond. ;

Partnership for Market Readiness Multi-Donor Trust Fund [GB-4-91087]

Budget: £7,000,000 Status: Implementation Reporting Org: DECC

The PMR brings together developed and developing countries, creating a platform for capacity building, sharing knowledge/expertise and best practice on Emisson Trading Systems (ETSs). The PMR provides grant funding to 15 developing/middle income countries to build market readiness components and pilot domestic ETSs and new crediting mechanisms.;

International 2050 pathways partnerships [GB-4-91091]

Budget: £1,550,216 Status: Implementation Reporting Org: Department of Business, Energy and Industrial Strategy - ICF

Expanding and building on the innovative UK-developed interactive energy and emissions scenario ‘2050 calculator’, DECC is assisting ten developing country governments to build similar calculators as strategic platforms toward a low carbon future. DECC will be providing £1.5 million over 2012-2014 to work directly with the developing country governments to help them build their own version of the UK’s 2050 Calculator. DECC will provide training on how to use it to explore viable low carbon development pathways with stakeholders and to inform policy making. Through engaging in a dialogue around the 2050 calculator, involved countries are encouraged to evaluate their unique opportunities and risks towards low carbon development. The tool will support developing countries drawing up their own low-carbon development plans helping them to be analytically robust, transparent and easily communicated. Recipient countries may include Bangladesh, Brazil, South Africa, India, Mexico, Colombia, Vietnam, Thailand, Indonesia, Algeria and Nigeria. The 2050 calculator has already been used to influence low carbon plans in the UK and Belgium, and the China is in the early stages of analysing what their version means for their low carbon development. To complement the national calculators this project will also develop a comprehensive, robust and influential “Global Calculator”. It will primarily be a communications tool aimed at energising the debate on climate change ahead of the 2015 negotiations, by helping to answer questions on how the global energy, food and land use system “adds up” (for example: what is the maximum global potential for nuclear power?; do we have enough raw materials to support possible future consumption habits?, and; what is the trade off of land for bioenergy, food production and forestry?). The target audience is businesses, NGOs and government officials working in strategy functions and international negotiations (from finance, environment, energy and transport ministries). The project would begin at the start of 2013 and finish by the end of 2014. This timetable means the tool would be rolled out in advance of the UNFCCC 2015 negotiations aimed at reaching a new international agreement with legal force to reduce greenhouse gas emissions. ;

Capital Markets Climate Initiative (CMCI) [GB-4-91085]

Budget: £350,000 Status: Implementation Reporting Org: DECC

The Capital Markets Climate Initiative (CMCI) was set up to help scale up private capital flows in low carbon, climate resilient activities in developing countries. Specifically, CMCI is targeted at supporting governments in developing a stronger and common understanding and appreciation as to why and how to effectively and efficiently leverage private capital by helping to address these information barriers. In turn, this should contribute to the scaling up of private capital flows as better informed governments are more willing to put in place appropriate enabling environments and use scarce public climate finance to help address identified barriers and market failures.;

Climate Investment Funds [GB-4-91088]

Budget: Not Provided Status: Implementation Reporting Org: UK Department of Energy and Climate Change

Multilateral World Bank-administered funds to help developing countries pilot low-carbon, climate-resilient pathways. This is funded by both the Department for International Development and the Department of Enegry and Climate Change (DECC). This refers only to the DECC spend.;

Climate Public Private Partnership (CP3) Platform [GB-4-91090]

Budget: Not Provided Status: Implementation Reporting Org: UK Department of Energy and Climate Change

The UK’s International Climate Fund (ICF) will fund: (1) Equity investment in the Climate Public Private Partnership Asia Fund – CP3 Asia in the amount of £60,000,000 to catalyse low carbon investments in Asia. (2) Equity investment in the IFC Catalyst Fund (CF) in the amount of £50,000,000 to strengthen the financial infrastructure for low carbon investments globally. (3) Grant financing for the Technical Assistance and Project Development Facility (£20,000,000) to assist with project pipeline and fund development. (4) Programme development costs: £384,401.94 contracted; up to £100,000 additional work projected (total project development costs: not exceeding £500,000). This is funded by the Department for International Development and Department of Energy and Climate Change (DECC). This refers only to DECC spend.;

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