Newsletter no. 04/19

KliK Foundation: Successful completion of first Call for Proposals to procure ITMOs

KliK Foundation: Successful completion of first Call for Proposals to procure ITMOs

Dear newsletter subscribers

The KliK Foundation’s first Call for Proposals to procure emission reduc­tions through inter­na­tional activ­ities has come to a successful close with the pres­e­lection of three activ­ities.

From 1 April to 12 May 2019, around 60 regis­tered organ­i­sa­tions were invited to answer the KliK Foundation’s first Call for Proposals by submitting miti­gation activ­ities that would allow the Foundation to procure emission reduc­tions according to the rules of the Paris Agreement beginning in 2021.

Promising activities proposed for Africa and Asia

By the submission deadline, 31 proposals had been submitted by 21 organ­i­sa­tions. Proposals were distributed rather evenly across the regions of Africa (12), Asia (10) and South America (7). Europe and Oceania each accounted for one proposal.

On 3 June, the KliK Foundation selected three proposals for further processing subject to certain condi­tions; these two activ­ities in Africa and one activi­ty in Asia are offering total emission reduc­tions of 5 million tonnes of CO₂e for the period 2021–2030.

The corresponding adjustment of emissions accounting is a key condition

Further processing of the pres­e­lected activ­ities is condi­tional on the issuance of a Letter of Intent (LoI), with which the trans­ferring country’s government confirms its intention to make corre­sponding adjust­ments to its emission inven­tory for emission reduc­tions trans­ferred under Article 6 of the Paris Agreement.

Emissions accounting in Switzerland and in the trans­ferring country  must be adjusted by entries that cancel each other out in order to avoid the double crediting of emission reduc­tions. This is a key requirement for activ­ities seeking to produce inter­na­tion­ally traded emission reduc­tions.

Continued development of the Foundation’s portfolio

The KliK Foundation keeps working toward building a portfolio of activ­ities qualified for further devel­opment as part of the Foundation’s procurement process. To this end, the Foundation will publish regular updates via this newsletter.

The Foundation plans to provide private organ­i­sa­tions with a further oppor­tu­nity for appli­cation in the second half of 2019. It will then carry out a second Call for Proposals for the submission of miti­gation activ­ities.

Government agencies may still register with the KliK Foundation and submit proposals for miti­gation activ­ities at any time, regardless of Calls for Proposals.

Mischa Classen

Foundation for Climate Protection and Carbon Offset KliK

Freies­trasse 167

8032 Zurich - Switzerland

Phone +41 44 224 60 05