Market Readiness Proposals (MRP) Presenta>on Country: Peru Responsible agency: Ministry of Economy and Finance (MEF) & Ministry of Environment (MINAM) Date of submission: April, 2016 Peru’s Market Readiness Proposal (MRP) PA14 – Lima – April 2016
Outline MRP Objec>ves and Focus Market Readiness Proposal Summary 2 Peru’s Market Readiness Proposal (MRP) PA14 – Lima – April 2016
MRP objec>ves and focus 3 Peru’s Market Readiness Proposal (MRP) PA14 – Lima – April 2016
MRP Objec>ves and Focus u Development of a country-specific NAMA evalua8on framework, ensuring consistency with Peru’s development, climate and fiscal policy objec8ves. u Assessment of the current na8onal pipeline of NAMA proposals/concepts and other priori8zed sector mi8ga8on ini8a8ves against this evalua8on framework, and iden8fica8on of a subset of NAMAs with highest poten8al for GHG emissions reduc8ons credi8ng. u Elabora8on of the draI MRP for Peru, describing: § Proposed core market readiness ac8vi8es at the na8onal level and § Proposed NAMAs and corresponding approaches for credi8ng, for further assessment and design during the implementa8on phase 4 Peru’s Market Readiness Proposal (MRP) PA14 – Lima – April 2016
MRP Review Process 5 Peru’s Market Readiness Proposal (MRP) PA14 – Lima – April 2016
MRP Review Process Feedback Analysis of feedback by Focal Points and PMR team Consulta>ons Coordina8on mee8ngs with relevant actors Focal Points mee8ngs with PMR team Final MRP MRP reviewed and approved by Focal Points 6 Peru’s Market Readiness Proposal (MRP) PA14 – Lima – April 2016
Specific feedback and comment from PA13: Choice of sectors for pilot credited mi0ga0on ac0ons Ac8ons taken: In sec8on 2.2.: The descrip8on of the Peru Mi8ga8on Ac8on Framework was extended decisively to • facilitate the understanding of the underlying selec8on process The output of the Peru Mi8ga8on Ac8on was described in more detail for each of the • selec8on ac8ons, facilita8ng the readers understanding of the selec8on and the areas in which the three mi8ga8on ac8ons excel Given its relevance as part of the Peruvian ‘no-regret’ approach, the mi8ga8on ac8ons’ • alignment with with RBB framework was highlighted. In considera8on of the reduced direct mi8ga8on poten8al of the mi8ga8on ac8on on Solar • PV, Peru has elaborated more on the indirect mi8ga8on poten8al as well as other relevant factors that jus8fy the ac8on’s selec8on. In sec8on 4.: In respondence to the Japanese comment, Peru expanded on how the three selected • ac8ons will pave the way towards the enhanced scaled-up credi8ng programs, emphasizing the need for road-tes8ng of a complex system like the MAMS through suitable measures. Peru’s Market Readiness Proposal (MRP) PA14 – Lima – April 2016
Specific feedback and comment from PA13: Overall consistency of Readiness Roadmap Ac8ons taken: Overall revision of document in par8cular focusing on ac8vi8es and budget • 8 Peru’s Market Readiness Proposal (MRP) PA14 – Lima – April 2016
Specific feedback and comment from PA13: Review and update post-Paris of country context Ac8ons taken: The Climate related Policy on sec8on 1.2 was updated with the inclusion of Peru´s vision for • market mechanisms both pre-2020 and post-2020 under the Paris Agreement, and its rela8on with the PMR. 9 Peru’s Market Readiness Proposal (MRP) PA14 – Lima – April 2016
Specific feedback and comment from PA13: Clarifica0ons on proposed Mi0ga0on Ac0on Management System (MAMS) Ac8ons taken: A complete descrip8on of the MAMS components and their respec8ve objec8ves was • extended, considering also the process and overall objec8ve descrip8on of the MAMS itself. This was done with coherency across the document where the MAMS is men8oned: Execu8ve summary • Sec8on 1.1 • Introduc8on to sec8on 2 • Sec8on 3.3 • Sec8on 4.1 • 10 Peru’s Market Readiness Proposal (MRP) PA14 – Lima – April 2016
Specific feedback and comment from PA13: Linkages of the MAMS with the RBB Ac8ons taken: An extended explana8on of the RBB module and its integrated rela8on with the MAMS was • made in sec8on 3.3, describing its relevance in the priori8za8on of mi8ga8on ac8ons, regarding the accomplishment of specific and measurable goals on priority target mi8ga8on ac8ons for the socioeconomic development. This was also resumed in sec8ons where the MAMS is men8oned. 11 Peru’s Market Readiness Proposal (MRP) PA14 – Lima – April 2016
Market Readiness Proposal Summary 12 Peru’s Market Readiness Proposal (MRP) PA14 – Lima – April 2016
Summary of BB 1 Country context - Peru Economic development and Policy Na8onal Climate • “El Perú hacia el 2021”: A highly compe88ve iNDC Change Strategy economy has to be reliant on structures that integrate it successfully into global value chains, Na8onal so that sustainable economic growth rates can be Environmental COP 20 LCCA maintained over 8me. Policy Act • Projected GDP per capita growth from USD 9,870 in 2014 to 14,201 by 2021. • Results based budge8ng (RBB) as a public Biennal Update management strategy that links the budget NAMA pledges Reports alloca8on to measurable products and results that favor development. Na8onal Communica8ons Energy Profile and tendencies • The final energy consump8on is s8ll projected to increase by nearly 70% in the next 10 years. • The energy matrix has become increasingly reliant on fossil fuels because of natural gas (67% in 2000 to 80% in 2013, and is projected to fall just slightly to 76% by 2025). • Hydroelectricity will regain a part of its share as of 2018 and the share of non-conven8onal renewable energy sources will increase to 5%. 13 Peru’s Market Readiness Proposal (MRP) PA14 – Lima – April 2016
Summary of BB 2 Assessment and ra>onale for focusing on priority target ac>ons Peru Mi8ga8on Ac8on Evalua8on Framework Evalua8on Process - Based on the adapta8on of the Evalua&on Framework of Mi&ga&on Ac&ons developed by the Desk-based analysis of public 84 available informa8on on Task Force to Catalyze Climate Ac&on led by the World Bank iden8fied mi8ga8on ac8ons Mi8ga8on Ac8on Program Interviews and evalua8on of 10 detailed informa8on provided Mi8ga8on Ac8on Management En8ty Alignment with Results-Based Budge8ng Mi8ga8on Ac8on Development Benefit 1. Cement NAMA 2. Solid Waste Management 3 NAMA • Short version available for Mi8ga8on 3. Mi8ga8on Ac8on on Ac8ons on early stages Distributed PV panel • Provides input for the future Mi8ga8on The PMR will facilitate the crea8on of capaci8es that Ac8on Registry will foster the sector´s MRV system and set the ground for an addi8onal source of poten8al funding 14 Peru’s Market Readiness Proposal (MRP) PA14 – Lima – April 2016
Summary of BB 2 Assessment and ra>onale for focusing on priority target ac>ons – Cement NAMA General Aims at developing a framework that reduces • Descrip>on emissions and increases the sector´s compe88veness, simultaneously Mi>ga>on Large subset of poten8al mi8ga8on ac8ons with • Poten>al varying emissions reduc8on poten8al in the sector Ins>tu>onal Highly regulated sector • organiza>on MINAM is promo8ng this NAMA with commitment from • PRODUCE, ASOCEM (Private sector) and VIVIENDA MRV and MBIs • Limited experience in MRV experience • Sheets and manual guides developed by The Cement Sustainability Ini8a8ve (CSI) and includes the system Gekng the Number Right (allows benchmark with companies from different countries) • The sector have experience in employing a func8oning RBB mechanism and is preparing to include the NAMA-related ac8vi8es in a RBB Exis>ng Funding from UNDP’s “Low Emission Capacity Building Programme” for the design • support stage Donor support from MRP would primarily be needed for MRV • 15 Peru’s Market Readiness Proposal (MRP) PA14 – Lima – April 2016
Summary of BB 2 Assessment and ra>onale for focusing on priority target ac>ons – Cement NAMA Módulo:"Programa"de"la"Medida"de"Mi8gación" Módulo:"En8dad"Gestora"" PM1" 20" 15" 30" PM7" PM2" EG2" 16.8" 10" 5" 0" PM6" PM3" 70" EG1" 37.1" PM5" PM4" 0" 10" 20" 30" 40" 50" 60" 70" 80" Módulo:"Alineación"PPR" Módulo:"Contribución"Desarrollo"Sostenible" BD1" 40" 30" 70" PPR2" 41.3" 20" 10" 0" 30" PPR1" 7.8" BD3" BD2" 0" 10" 20" 30" 40" 50" 60" 70" 80" 16 Peru’s Market Readiness Proposal (MRP) PA14 – Lima – April 2016
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