Regional: Supporting the Use of Carbon Financing to Promote Green Growth in Asia and the Pacific

Sovereign Project | 46173-001

Summary

ADB established the Carbon Market Program (CMP) in 2006 (then called the Carbon Market Initiative) through technical assistance: (i) TA 6363-REG: Preparing Clean Energy Projects Eligible for the Clean Development Mechanism; and (ii) TA 6438-REG: Implementation of the Technical Support Facility. Both TAs were designed to assist low-carbon projects in DMCs benefit from a single regulated carbon market mechanism - the Clean Development Mechanism (CDM). The successful implementation of CMP allowed ADB to scale up from less than 10 projects in 2006 to over 100 projects seeking to register as CDM in 2012.

The proposed TA aims to build on this success and continue to deliver a one-stop technical support facility to ADB's operational deparments and DMC clients amidst the increasing complexity of carbon market schemes particularly during 2013 and 2017 before a new global framework is in place.

Latest Project Documents

Consulting Notices

See also: CMS

No notices are currently available for this project.

Procurement Notices

See also: Operational Procurement

No notices are currently available for this project.

Procurement Documents

No documents of this type are currently available for this project.


Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.

Project Name Supporting the Use of Carbon Financing to Promote Green Growth in Asia and the Pacific
Project Number 46173-001
Country Regional
Project Status Approved
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 8223-REG: Supporting the Use of Carbon Financing to Promote Green Growth in Asia and the Pacific
Technical Assistance Special Fund US$ 500,000.00
Regional Cooperation and Integration Fund US$ 450,000.00
TA 8223-REG: Supporting the Use of Carbon Financing to Promote Green Growth in Asia and the Pacific (Supplementary)
ATF - Government of Swiss Confederation US$ 26,000.00
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Regional integration
Drivers of Change Governance and capacity development
Partnerships
Sector / Subsector

Energy - Energy efficiency and conservation - Energy sector development and institutional reform

Transport - Urban public transport

Water and other urban infrastructure and services - Urban solid waste management

Gender Equity and Mainstreaming
Description

ADB established the Carbon Market Program (CMP) in 2006 (then called the Carbon Market Initiative) through technical assistance: (i) TA 6363-REG: Preparing Clean Energy Projects Eligible for the Clean Development Mechanism; and (ii) TA 6438-REG: Implementation of the Technical Support Facility. Both TAs were designed to assist low-carbon projects in DMCs benefit from a single regulated carbon market mechanism - the Clean Development Mechanism (CDM). The successful implementation of CMP allowed ADB to scale up from less than 10 projects in 2006 to over 100 projects seeking to register as CDM in 2012.

The proposed TA aims to build on this success and continue to deliver a one-stop technical support facility to ADB's operational deparments and DMC clients amidst the increasing complexity of carbon market schemes particularly during 2013 and 2017 before a new global framework is in place.

The TA will develop practical knowledge and experience in carbon market mechanisms that can inform and support DMCs in the implementation of GHG mitigation projects. The key outputs will include: (i) direct project support and targeted capacity building activities for LDCs and underrepresented countries in CDM; (ii) advisory material, tools and standards to enhance regional cooperation across domestic ETSs and enable stronger linkages in the future including possible integration; and (iii) workshops for cross-sharing of knowledge on the set up and implementation of domestic ETSs.

Project Rationale and Linkage to Country/Regional Strategy The proposed regional capacity development technical assistance (R-CDTA) is in line with ADB's Strategy 2020 which identifies environmentally sustainable growth, including climate change, as a top development agenda. The TA will help promote green growth in ADB's Developing Member Countries (DMCs) in Asia and the Pacific region through supporting the use of carbon financing. It is also consistent with ADB's climate change Priorities for Action (approved April 2010) which places emphasis on carbon market development as a means to help DMCs mobilize additional financing to support climate change mitigation activities.
Impact Green growth and low carbon development in ADB's Developing Member Countries promoted.
Project Outcome
Description of Outcome Increased utilization of both existing and new types of carbon market mechanisms by DMCs
Progress Toward Outcome
Implementation Progress
Description of Project Outputs

Direct project support provided and targeted capacity building activities for DMCs and underrepresented countries in CDM conducted

Development and linkages of domestic ETS facilitated

Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Business Opportunities
Consulting Services

A total of 35 person-months international and 25 person-months national individual consultant inputs will be required for the TA.

Carbon Market Experts (CDM and ETS) will be recruited.

Responsible ADB Officer Virender Kumar Duggal
Responsible ADB Department SDCC
Responsible ADB Division SDCD
Executing Agencies
Asian Development Bank6 ADB Avenue, Mandaluyong
Metro Manila, Philippines
P.O. Box 789, 1099 Manila,
Philippines
Timetable
Concept Clearance 16 Apr 2012
Fact Finding -
MRM -
Approval 21 Nov 2012
Last Review Mission -
Last PDS Update 01 Oct 2012

TA 8223-REG

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
21 Nov 2012 - 21 Nov 2012 31 Dec 2013 31 Dec 2015 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
950,000.00 26,000.00 0.00 0.00 0.00 0.00 976,000.00 21 Nov 2012 998,423.56

Safeguard Documents

See also: Safeguards

No documents found.

Evaluation Documents

See also: Independent Evaluation

No documents found.


The Public Communications Policy (PCP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.

Requests for information may also be directed to the InfoUnit.