Greenfreeze Technology & Financing Options for HFC Phase-out in the RAC Sector
1. 06.06.11 Successful introduction of GREENFREEZE Technology & Financing Options for HFC Phase-out in the RAC Sector Industry Roundtable Dharubaaruge 8 th May 2011 Markus Wypior, GIZ-Proklima Funded by
6. Estimated HFC emissions till 2050 Fig A: Predicted Growth of HFCs without constraint Fig B: HFC share of global GHG-emissions (compare HFC high vs. 450 ppm stabilization szenario –> blue dotted line) Source: Velders, Guus J.M. et.al., 2009
9. 06.06.11 Total emission reduction potential including banks Source: UN Dept. of Public Information, 2009
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12. Success of Greenfreeze technology diffusion worldwide Now, even in USA, introduction of HCs in some domestics and trials in ice cream freezers and bottle coolers
16. 06.06.11 Multilateral Fund -> HCFC phase out but funding constraints (CFCs/HCFCs not eligible for funding under Kyoto Protocol!) HFCs not (yet?) covered VERs -> CFCs/HCFCs/HFCs eligible for funding, but very low price CDM -> HFCs eligible, only 2 explicit methodologies for RAC sector,but not practicable, PoA? -> monitoring & verification difficult NAMAs -> Sectoral phase-out strategies could be an option (low hanging fruit due to huge emission reduction potential & high cost efficiency) Financing Options for HFC Phase-out in the RAC Sector
17. 06.06.11 Decision makers cannot estimate emission reduction potentials of climate friendly alternatives to HFCs Reliable data missing (no HCFC and HFC inventories available) Transparent information & know-how on alternative technologies still needs to be made available Institutional framework for NAMAs not yet fully established MRV methodologies still to be developed Barriers
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19. 06.06.11 Development of methodologies and instruments to inventorise HFC production & consumption and to identify potential emission reductions Data collection & - analysis Ranking of various options (taking under consideration technical feasibility & cost efficiency) Analysis of the existing regulatory framework and standards, outline of applicable policy instruments and incentive mechanisms Implementation