CDM Project Investment Analysis - UNEP Finance Initiative
CDM Project Investment Analysis - UNEP Finance Initiative
CDM Project Investment Analysis - UNEP Finance Initiative
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Commercialisation decisions<br />
2-3 years<br />
Factors Influencing Timing and Structure of Carbon<br />
Sales<br />
<strong>Investment</strong> Development Issuance<br />
Contract<br />
Structure<br />
Carbon<br />
Share<br />
Forward<br />
Sale<br />
Payment<br />
upon<br />
Delivery<br />
Spot Sale<br />
GOAL<br />
• Maximizing value for shareholders<br />
CONSIDERATIONS<br />
• Prevailing and projected price volatility<br />
• Nature of underlying projects and contracts<br />
• Stage of project development<br />
• Balancing overall portfolio risk/reward (i.e.,<br />
optimizing mix of exposure to the carbon price upside<br />
and realising a base price immediately)<br />
• Using financial structuring skills to add extra margin<br />
Cash Share<br />
Spot Sale<br />
Contract Structure<br />
Monetisation Schedule<br />
Due to our reputation and the strength of our portfolio we can achieve a high carbon price relative to the market<br />
Training Clinic: <strong>CDM</strong> <strong>Project</strong> <strong>Investment</strong> <strong>Analysis</strong> 9
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