The purpose of the Thematic Working Group for Financing Mechanisms (TWG FM) is to bring together interested COPA Members, supported by invited external experts and consultants, to jointly work on identifying and developing financial mechanisms suitable for GHG mitigation measures in the ODS and HFC banks sector. The working group defines its own specific goals, its work plan, and implements activities together. Meetings take place on a regular basis and the results from the TWG are reported and presented annually, and on demand, to the COPA Plenary. If you are interested in joining the TWG FM work and contribute to driving the solution and financing of sustainable ODS and HFC bank management forward, please fill out the application and become a COPA member. Then join our thematic working group! The TWG FM was inagurated in December 2022. The TWG FM work and related documentation are available below: While the importance of finance is commonly acknowledged, there is not yet alignment in how different types of finance can support available solutions for ODS and HFC bank management. The Working Group brings together COPA members and invited experts to jointly develop such suitable financial mechanisms. During 2023, we had 3 meetings; first to review a concept for a COPA Financing and Fundraising Mechanism, secondly, to get a demonstration of the methodologies and tool developed to estimate the viability of carbon markets for end-of-life management of refrigerants. In the last quarter, the elected chair and vice-chair set-up a brainstorming session for evaluating and collecting viable project ideas for COPA based on the open call for ideas. We are looking forward to discussing further financing mechanisms and investment opportunities in 2024. The working group is coordinated by UNDP and GIZ.
Find out more about how we work in these areas by clicking the correpsonding link for the active thematic working groups. For an effective management of refrigerants and foams at end-of-life, suitable policy measures are required like venting bans or mandatory recovery Working towards the best technical solutions for ODS and HFC recovery, Developing financial mechanisms for sustainable GHG mitigation measures in ODS and HFC banks. Putting theory into practice and demonstrating how sustainable refrigerant management can be implemented.About the TWG for Financing Mechanisms
Workplan, Meetings & Documentation
The TWG FM terms of references were presented, setting a framework for the collaboration in the TWG FM. View Minutes of Meeting and Presentation here.
Presentation and review of Study on Financing Mechanisms opportunities for COPA.
View Minutes of Meeting and Presentation here.
Presentation and demo: Experience, methodologies and a tool to estimate the viability of carbon markets for end-of-life management of refrigerants.
View Minutes of Meeting and Presentation here.
"COPA Financing and Fundraising Mechanism: A Review and Concept" - download or view pdf-file here
"Using carbon markets to reduce emissions from end-of-life refrigerants and foam blowing agents" - download or view pdf-file here.
The report was commissioned by UNDP's Montreal Protocol and Chemicals and Waste Unit, as a COPA partner, and it contributes to the achievement of COPA’s objectives. The report was presented at the second meeting of TWG FM on 30th of March 2023.
The financial model presented in the report above can assist in assessing the financial feasibility of projects under Article 6.2 for Internationally Transferred Mitigation Outcomes (ITMO) but can be adapted for voluntary markets as well. Neither COPA nor UNDP are be responsible for any damages, losses or other consequences esulting from the use of this tool. The information in this document does not constitute legal or other professional advice.
The tool is available upon request via mail to Ajiniyaz Reimov (ajiniyaz.reimov@undp.org).
"Brainstorming for conceptual project ideas" - download or view pdf-file here
Discussion of potential COPA Project examples, with focus on what type of finance that would be suitable for the identified projects.
A recording of the session is available here.
Download or view pdf-files of the presentations here:
Session1: Carbon Credits introduction, moderation and COPA oerview by Louis Potok, TWG FM Chair
Carbon Credits and Carbon Market Fundamentals by Tilden Chao, CCL
Paris Agreement Article 6 by Malin Emmerich, COPA Secretariat / GIZ
A recording of the session is available here.
Download or view pdf-files of the presentations here:
Introduction and Fundamentals by TWG FM Vice-chair Adrian Bukmanis
Beyond Value Chain Mitigation by Juliette de Granpré, New Climate InstituteOVERVIEW OF THE WORK IN 2023
ALL WORKING GROUPS
CONTACTS
Xin He, UNDP
xin.he@undp.org
Malin Emmerich, GIZ
malin.emmerich@giz.de
Policy
FrameworkTechnology
Solutions
reclamation and destructionFinancing
MechanismImplementation
Models