Pacific Countries Attend the Carbon Expo Australasia 2012 in Melbourne
A delegation of 12 representatives from Fiji, Vanuatu, Tonga, Samoa, Solomon Islands and Papua New Guinea participated in the Carbon Expo Australasia 2012 held during 7-9 November 2012 in Melbourne, Australia.
The participation of the Pacific delegation at the Carbon Expo
Australasia 2012 was organised by the UNEP Risø Centre (URC) as
part of the regional CDM capacity building activity for Pacific
region under the ACP MEA project.
The Pacific delegation at the Carbon Expo conducted a workshop
and organized exhibitions in 6 booths. During this workshop, two
URC experts and representatives from the 6 Pacific countries
presented the activities, results, and findings of the CDM/ACP MEA
project in the participating countries and highlighted the need for
further support. Over 40 people attended the workshop and raised
interesting questions regarding the CDM activities and projects in
the Pacific countries. The 6 booths attracted visits from
Australian government, CDM investors and buyers.
The 12 representatives from the Pacific countries included
members of CDM DNA offices, local CDM consultants, officials from
key ministries for GHG mitigation, as well as national banks
offering loans for GHG mitigation projects. From URC, Dr. Miriam
Hinostroza, Head of the Low Carbon Development Programme and
manager of the CDM Component of the ACP MEA project, and Dr. Xianli
Zhu, Coordinator of the Pacific region of the CDM component of the
ACP MEA project, attended the Carbon Expo and supported countries
for their participation.
Under the Clean Development Mechanism (CDM) component of the ACP
MEAs Project a number of GHG emission reduction projects have been
identified. Under this project, 24 Project Idea Notes (PINs) for
CDM projects, CDM and PoAs, and voluntary carbon market projects
eligible for both the regulatory and the voluntary markets, have
been developed for the Pacific countries. The Pacific delegation's
participation at this event aimed at promoting these potential GHG
emission reduction projects where a number of carbon market
stakeholders from Australia and New Zealand were brought together.
Both countries, Australia and New Zealand, are in the process of
setting up their national carbon emission trading schemes. With the
current prices of CERs low on the global carbon market and the EU
ETS, which is the traditional buyer for CERs from CDM projects, it
is envisaged that the carbon markets in Australia and New Zealand
can become major buyers and investors for the CDM projects in the
Pacific countries, given the fact that Australia and New Zealand
are geographically close to the Pacific countries and are main
suppliers of donor funding to the Pacific Island Countries.
The presentations made at the workshop are