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registered interest false more like this
date less than 2016-06-07more like thismore than 2016-06-07
answering body
Department for Energy and Climate Change more like this
answering dept id 63 remove filter
answering dept short name Energy and Climate Change more like this
answering dept sort name Energy and Climate Change more like this
hansard heading Health Services: Northern Ireland more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty’s Government whether the Clean Technology Funds financial eligibility threshold of $200 per tonne of CO2 equivalent abated represents good value for UK taxpayers in the context of global mitigation effects. more like this
tabling member printed
Lord Donoughue more like this
uin HL527 remove filter
answer
answer
is ministerial correction false more like this
date of answer less than 2016-06-17more like thismore than 2016-06-17
answer text <p>In order to ensure value for money, the Clean Technology Fund (CTF) Investment Criteria (2009) has six objectives, of which cost-effectiveness is one. The other objectives are Potential for GHG Emissions Savings, Demonstration Potential at Scale, Development Impact, Implementation Potential and Additional Costs and Risk Premium.</p><p> </p><p>The financial eligibility threshold of $200 per tonne of CO<sub>2</sub> equivalent is in place to safeguard value for money. This threshold was based on the International Energy Agency’s Energy Technology Perspectives 2008 Report, as the lower-end estimate of the marginal incentive needed to achieve a reduction of global GHG emissions to 50% by 2050. The average total investment cost per tonne achieved in the CTF is $39.60 (£26.40), which is significantly below this threshold.</p><p> </p><p>More information is available in the document <em>Climate Investment Funds (2009), Clean Technology Fund Investment Criteria for public sector operations. </em></p>
answering member printed Lord Bourne of Aberystwyth more like this
question first answered
less than 2016-06-17T12:17:54.237Zmore like thismore than 2016-06-17T12:17:54.237Z
answering member
4282
label Biography information for Lord Bourne of Aberystwyth more like this
attachment
1
file name CTF_Investment_Criteria_Public_Sector_final.pdf more like this
title Climate Investment Funds (2009), CTF more like this
tabling member
2709
label Biography information for Lord Donoughue more like this