Carbon Finance Support Facility (CFSF)
" In November 2006,
LANDBANK’s
Management Committee approved the
establishment of the
Carbon Finance Support Facility (CFSF).
" CFSF provides financing
and other services within the context of Clean
Development Mechanism (CDM).
Services under Carbon Finance Support Facility
What are the services of LANDBANK under the CFSF?
• Serves as PoA’s Coordinating and Managing Entity (C/ME)
• Arrange the pre-assessment/
due diligence activities
• Prepare the CPA – Design Document and CDM SD Form
• Facilitate the DNA endorsement
• Arrange validation / verification activities with a DOE
• Provide support and assistance on CDM documentation and monitoring
• Provide financing for the installation of the biogas digester / methane recovery system
Benefits under Carbon Finance Support Facility
• Additional income from the sales of the CERs
• Lower CDM transaction costs
• Simplified CDM documentation, validation and verification
processes
• Cleaner production/ compliance to environmental laws and
regulations
• Support the project’s
sustainable development goals
• Technical and capacity building assistance
How will the Clients benefit from CFSF?
CFSF: OTHER BENEFITS
" Technical due
diligence
" Conduct of lectures
" Hands-on training
" Provision of
equipments like flares and flow meters
Assistance provided by
Global Methane Initiative
CDM Project Cycle
CFSF Framework / Programmatic Approach
Emission Reductions
Carbon Buyer
Component Project Activity
(CPA) 1 CPA 2 CPA … CPA … CPA n
Emission Reduction Purchase Agreement (ERPA)
Certified Emission Reduction (CER)
Technical Assistance LANDBANK as PoA’s
CDM Coordinating/
Managing Entity Designated National
Authority (DNA)
Multilateral / Bilateral Partners
Coordination
MOA / Sub-project Agreement
Designated Operational Entity (DOE)
Landfill 1 Landfill 2 Landfill … Landfill … Landfill (n)
LANDBANK’s CDM Program of Activities (PoA)
LANDBANK
Program of Activity (PoA)’s CDM Coordinating/ Managing Entity
Methane Recovery and Combustion from Anaerobic Animal Manure Management Systems
Landfill Gas Recovery and Combustion from Sanitary Landfill Sites
Renewable Energy from Mini-Hydro Power
Projects under PoA Landfill Gas-to- Energy
" VGPuyat SLF
(CSJDM, Bulacan)
" Gen. Santos City SLF
(South Cotabato)
Eligibility criteria – PoA on Landfill Gas to Energy
" For project baseline, there is an atmospheric /
partial release of LFG
" For project activity:
" Landfill gas is captured and it is flared and/or used to
produce energy (e.g. electricity).
" The solid waste disposal site where the waste would
be dumped can be clearly identified
" At the project site, there are no hazardous wastes
" Maximum total installed capacity of energy generated
by the CPA is 15 MW.
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How interested clients can join the PoA (inclusion procedure)
" Client accomplishes CFSF Reply Form
" LBP conducts initial assessment (PoA eligibility
test)
" Client forges MOA with LBP
" LBP collects data to draft CPA Design Document
(CPA-DD) and conducts due diligence
" LBP submits CPA-DD to DOE for validation/
inclusion in the PoA
" Client signs Sub-project Agreement with LBP
POA Status / Updates
" On-going validation of the POA by a Third Party
Auditor
" Signed MOAs with 2 project proponents for the
intent to purchase/sell carbon credits from waste management projects with aggregate estimated CERs of 4.6M tCO2e for 10 years
PoA Status / Updates
" Emission Reductions
Purchase Agreement
(ERPA) signed on January 14, 2010 with World Bank for the purchase of emission reductions from municipal waste management and livestock waste treatment projects for the first 250,000 CERs from the projects until 2013.
Contact Details
" LBP Cebu Lending Center
LBP Building, P. Del Rosario corner Jones Ave., Cebu City
Tel. No. (032) 255-3710; 255-3720; 253-8327 Fax No. 254-1314
" Environmental Program and Management Dept.
30th Floor, LANDBANK Plaza
1598 M.H. Del Pilar corner Dr. J. Quintos Streets Malate, Manila 1004
Tel. No. (02) 405-7735; 405-7339; 405-7736 Fax No. 528-8484
MS. JOSEFINA A. RAMOS
Environmental Program Management Unit
Environmental Program and Management Department
LAND BANK OF THE PHILIPPINES 30th Floor, LANDBANK Plaza
1598 M.H. Del Pilar corner Dr. J. Quintos Streets Malate, Manila 1004 Philippines
www.landbank.com Telephone +632 405-7736
Fax +632 528-8484
E-mail [email protected]
