Carbon footprint & carbon trading for dummies. Jørund Buen, Point Carbon & Johan Pettersen, MiSA

Size: px
Start display at page:

Download "Carbon footprint & carbon trading for dummies. Jørund Buen, Point Carbon & Johan Pettersen, MiSA"

Transcription

1 Carbon footprint & carbon trading for dummies Jørund Buen, Point Carbon & Johan Pettersen, MiSA

2 About us Point Carbon Provides trading analytics, research, news, conferences and advisory services to carbon, power and gas markets globally MiSA Develops tools and services for strategic environmental management in private industry, organisations and the public sector

3 How do carbon markets look today? Kyoto Protocol United States Developing Countries = no targets Industrialized Countries = binding targets Federal C&T? Kerry-Boxer Waxman- Markey Other congressional proposals Regional Programs RGGI WCI MGGA Voluntary Markets Clean Development Mechanism (CDM) Domestic C&T programs EU ETS Canada Australia Japan New Zealand Joint Implementation (JI) C&T = Cap-and-Trade Program CDM = Offset-based program

4 Carbon allowance trading: The basic principle Company 1 Sector 1 Country 1 Continent 1 Company 2 Sector 2 Country 2 Continent 2 Combined P 1 Reduced cost Increased + = profit P C P 2 Q Q 2Q Source: William Blyth, London School of Economics

5 Carbon offset credit trading: The basic principle An offset project is additional if GHG emissions are reduced below those that would have occurred in the absence of the project Abatement project BAU baseline emissions Additional emission reductions With project emissions Year

6 Carbon trading: Volumes and values The global carbon market saw 8.2 billion tonnes of CO2 equivalents change hands in 2009 Up 68 percent on 2008 Value of the transactions estimated at 94bn EU ETS: 5.6 Gt CO2e traded, total value 72bn CDM: 1.6 Gt CO2e traded, total value 17bn Regional Greenhouse Gas Initiative (USA): 765 Mt CO2e traded, total value 1.7bn

7

8 Voluntary market 1. Pre-compliance 1. Utilities (US) 2. Aviation (Europe) 2. Offsetting often based on carbon footprint calculations 1. Large corporates (industry, financial, retail) 2. Governments 3. Individuals Most volume sold by developers through bilateral contracts Prices are lower than CER prices ( 2-10) Several VER standards Reputational risk: Environmental integrity of standards vary

9 Carbon Footprint of Point Carbon Greenhouse gas account for = Own emissions, from energy, vehicles + Emissions in production of products and services used Point Carbon 200 employees 40 M Nok in purchases in 2009 No direct emissions Sells non-physical products

10 How? Point Carbon accounts system Klimakost, a comprehensive GHG model for the economy (56 sectors) Standardised approach, simple and comprehensive Allows split on CF for departments, office locations, and functions Presents carbon footprint per purchase, and per emission source

11 Carbon Footprint of recycling sector Split on purchase

12 Conclusions The Kyoto Protocol has defined a price for carbon emissions The carbon market will be one of the world s largest commodity markets The voluntary segment of this market is also growing, partly based on carbon footprint calculations of products or organisations CF differs from extended producer responsibility in that it goes upstream Responds to increasing need to document carbon neutrality claims Increasing understanding of the importance of value chain (indirect) emissions, and the role of the service sector

13 Feel free to contact us Jørund: Johan:

orbeo, a company to carbon markets

orbeo, a company to carbon markets Les droits d émission de CO 2 La sophistication financière peut-elle se mettre au service de la protection de la planète? Philippe Rosier, Président d orbeo et Rhodia Energy Services Mardi 17 novembre

More information

Proposal of Upstream Emissions Trading in Japan

Proposal of Upstream Emissions Trading in Japan OECD GLOBAL FORUM ON SUSTAINABLE DEVELOPMENT: EMISSIONS TRADING CONCERTED ACTION ON TRADEABLE EMISSIONS PERMITS COUNTRY FORUM OECD Headquarters, Paris 17-18 March, 2003 Proposal of Upstream Emissions Trading

More information

Clean Development Mechanism Status and outlook

Clean Development Mechanism Status and outlook Presented by: Neeta Hooda UNFCCC Secretariat Clean Development Mechanism Status and outlook Presented at: UNFCCC Media Training Workshop, Accra, 26 August 2008 1 The Kyoto Protocol Entry into force on

More information

CDM: Cheap Development. transition to clean energy. CSE, November 2012

CDM: Cheap Development. transition to clean energy. CSE, November 2012 CDM: Cheap Development Mechanism : : Failed to give us the transition to clean energy CSE, November 2012 CDM CDM Clean Development Mechanism is a mechanism under the Kyoto Protocol that t allow developed

More information

SEMARNAT. Towards a Climate Market in Mexico

SEMARNAT. Towards a Climate Market in Mexico SECRETARIAT SECRETARÍA DE OF MEDIO ENVIRONMENT AMBIENTE AND Y RECURSOS NATURAL NATURALES RESOURCES Towards a Climate Market in Mexico WHERE IS MEXICO STANDING? GENERAL CLIMATE CHANGE LAW (2012) Low-carbon

More information

OVERVIEW CLIMATE ACTION IN BC. BC s Climate Action Secretariat. Action to date on climate change. BC s approach to regulating GHGs

OVERVIEW CLIMATE ACTION IN BC. BC s Climate Action Secretariat. Action to date on climate change. BC s approach to regulating GHGs OVERVIEW CLIMATE ACTION IN BC BC s Climate Action Secretariat Action to date on climate change BC s approach to regulating GHGs BC in Canada and North America Opportunities for business in BC CLIMATE ACTION

More information

Project design: Capacity building for Climate Change management in Turkey (Developing the capacity of Turkey to

Project design: Capacity building for Climate Change management in Turkey (Developing the capacity of Turkey to Project design: Capacity building for Climate Change management in Turkey (Developing the capacity of Turkey to participate efficiently in the international climate change negotiations and voluntary carbon

More information

The Economics of Climate Change C 175. To Kyoto and Beyond. Spring 09 UC Berkeley Traeger 7 International Cooperation 22

The Economics of Climate Change C 175. To Kyoto and Beyond. Spring 09 UC Berkeley Traeger 7 International Cooperation 22 To Kyoto and Beyond 7 International Cooperation 22 International Cooperation on Climate Change 1988 United Nations General Assembly adopted resolution urging the protection of global climate for present

More information

Sustainability. at SUNY Empire State College

Sustainability. at SUNY Empire State College Sustainability at SUNY Empire State College Executive Summary 2012 2015 suny empire state college Sustainability 2012-2015 Introduction SUNY Empire State College recognizes the leading role that institutions

More information

Interview: Aurélie Faure, Financial Analyst at Dexia Asset Management

Interview: Aurélie Faure, Financial Analyst at Dexia Asset Management Research letter n 09/03 October 2009 http://www.carbonium.fr/pdf/research0903.pdf CONTENTS Interview: Aurélie Faure, Financial Analyst at Dexia Asset Management... p. 1 Hot topics in Copenhagen... p. 3

More information

Project Procurement Standard

Project Procurement Standard Project Procurement Standard Version: June 2008 This document presents the procurement standard for all carbon offsetting projects under the myclimate label. It provides a summary of all applicable standards

More information

Environmental Operational Reporting and Offset Management Standard

Environmental Operational Reporting and Offset Management Standard Environmental Operational Reporting and Offset Management Standard PURPOSE AND SCOPE The purpose of this Standard is to specify the National Australia Bank Limited s (NAB Ltd) requirements for managing

More information

Fact sheet: The Kyoto Protocol

Fact sheet: The Kyoto Protocol Fact sheet: The Kyoto Protocol The Kyoto Protocol was adopted at the third Conference of the Parties to the UNFCCC (COP 3) in Kyoto, Japan, on 11 December 1997. The Protocol shares the objective and institutions

More information

Session 7: Accounting and avoiding double counting Breakout Group Exercises

Session 7: Accounting and avoiding double counting Breakout Group Exercises Session 7: Accounting and avoiding double counting Breakout Group Exercises Introduction It is anticipated that some countries will use internationally transferred carbon assets to help meet their emission

More information

Overview of UK Carbon Pricing Policies

Overview of UK Carbon Pricing Policies Partnership for Market Readiness PA11 Overview of UK Carbon Pricing Policies Paul van Heyningen, Department of Energy & Climate Change 10 March 2015 UK approach to emissions reduction Set legally binding

More information

Carbon Trading 101: The Basics

Carbon Trading 101: The Basics Carbon Trading 101: The Basics Everything you need to know about carbon trading to help get you started 2010 American English Edition Disclaimer The authors of this document take no responsibility for

More information

The Copenhagen Accord on Climate Change: A legal analysis

The Copenhagen Accord on Climate Change: A legal analysis Fordham University New York 22 February 2010 Understanding Copenhagen: U.S and E.U. Negotiation Positions and the Landscape for Future Negotiations The Copenhagen Accord on Climate Change: A legal analysis

More information

New Zealand s response to climate change. March 2008 www.nzinstitute.org

New Zealand s response to climate change. March 2008 www.nzinstitute.org New Zealand s response to climate change March 2008 www.nzinstitute.org THE AIM OF THIS PRESENTATION This presentation summarises the research, analysis, and recommendations made in the New Zealand Institute

More information

Green Hong Kong: Environmental Protection, Renewable Energy and Electric Vehicles

Green Hong Kong: Environmental Protection, Renewable Energy and Electric Vehicles Green Hong Kong: Environmental Protection, Renewable Energy and Electric Vehicles 8 October 2009 Fachhochschule der Wirtschaft, Graz Mr. Stephen Kai Wong Director, Hong Kong Economic and Trade Office,

More information

Reporting the Business Implications of Climate Change in Sustainability Reports

Reporting the Business Implications of Climate Change in Sustainability Reports GRI Research & Development Reporting the Business Implications of Climate Change in Sustainability Reports A survey conducted by the Global Reporting Initiative TM and KPMG s Global Sustainability Services

More information

Units of Trade in the New Zealand Emissions Trading Scheme Briefing for the Climate Change Leadership Forum

Units of Trade in the New Zealand Emissions Trading Scheme Briefing for the Climate Change Leadership Forum Units of Trade in the New Zealand Emissions Trading Scheme Briefing for the Climate Change Leadership Forum Prepared by the Emissions Trading Group Published in December 2007 by the Ministry for the Environment

More information

Draft Scope 2 Accounting Guidance: What it could mean for corporate decisions to purchase environmental instruments

Draft Scope 2 Accounting Guidance: What it could mean for corporate decisions to purchase environmental instruments Draft Scope 2 Accounting Guidance: What it could mean for corporate decisions to purchase environmental instruments September 2014 Corporate Scope 2 accounting has traditionally been relatively straight

More information

Where does the wine sector sit in terms of Australian climate policy and the global carbon market

Where does the wine sector sit in terms of Australian climate policy and the global carbon market Where does the wine sector sit in terms of Australian climate policy and the global carbon market The Carbon Farming Initiative and Emission Reduction Fund Geoff Cowey viticulture@awri.com.au The_AWRI

More information

Scope 2 Accounting Guidance: What it means for corporate decisions to purchase environmental instruments

Scope 2 Accounting Guidance: What it means for corporate decisions to purchase environmental instruments Scope 2 Accounting Guidance: What it means for corporate decisions to purchase environmental instruments January 2015 Corporate Scope 2 accounting has traditionally been relatively straight forward. Common

More information

Greenhouse Gas Reporting Criteria

Greenhouse Gas Reporting Criteria Greenhouse Gas Reporting Criteria Version 2.0 Approved by AMP Environment Leadership Team October 2014 AMP Greenhouse Gas Reporting Criteria 2014 v2.0 (final) - 1-2/04/2015 Document Change Control The

More information

Energy Prices, Climate Change Policy and U.S. Economic Growth

Energy Prices, Climate Change Policy and U.S. Economic Growth Energy Prices, Climate Change Policy and U.S. Economic Growth Prepared for: Southern Growth Policies Board Annual Conference Biloxi, Mississippi June 8, 2009 By: Dr. Margo Thorning, Ph.D. Senior Vice President

More information

Making Sense of Climate Change - for businesses and consumers: measuring greenhouse gas emissions ( carbon footprint )

Making Sense of Climate Change - for businesses and consumers: measuring greenhouse gas emissions ( carbon footprint ) 1 Making Sense of Climate Change - for businesses and consumers: measuring greenhouse gas emissions ( carbon footprint ) Anne Ferguson, BSI British Standards Contents 2 Some necessary definitions What

More information

Gazprom Marketing & Trading Global Carbon

Gazprom Marketing & Trading Global Carbon Gazprom Marketing & Trading Global Carbon OAO Global Energy Company Gazprom Marketing & Trading Global Carbon OAO Gazprom is the world s largest gas company concentrating largely on the production and

More information

Submission by Norway to the ADP

Submission by Norway to the ADP Submission by Norway to the ADP Norway s Intended Nationally Determined Contribution 1. Introduction Norway is fully committed to the UNFCCC negotiation process towards adopting at COP21 a protocol, another

More information

Communicating Your Commitment: Your Guide to Clean Energy Messaging

Communicating Your Commitment: Your Guide to Clean Energy Messaging Communicating Your Commitment: Your Guide to Clean Energy Messaging Congratulations on your recent purchase of clean energy from Renewable Choice! Whether you ve purchased green power in the form of renewable

More information

The Enabling Technologies of a Low-Carbon Economy:

The Enabling Technologies of a Low-Carbon Economy: 2020 The Enabling Technologies of a Low-Carbon Economy: A Focus on Cloud Computing Dan Williams Microsoft UK Environmental Sustainability Research Manager v-dawill@microsoft.com Lead author: Dr Peter Thomond

More information

World Simulations with GEM-E3

World Simulations with GEM-E3 World Simulations with 1 Introduction The implementation of the Kyoto protocol would imply the emissions of Annex B countries to be collectively reduced by 5% in 2008-2012 relatively to their 1990 level,

More information

Working Paper #54. Greenhouse Gas Implications in Large Scale Infrastructure Investments in Developing Countries: Examples from China and India

Working Paper #54. Greenhouse Gas Implications in Large Scale Infrastructure Investments in Developing Countries: Examples from China and India Greenhouse Gas Implications in Large Scale Infrastructure Investments in Developing Countries: Examples from China and India Mike Jackson, Sarah Joy, Thomas C. Heller, and David G. Victor Working Paper

More information

DHL GREEN SERVICES DECREaSE EmISSIoNS. INCREaSE EffICIENCy.

DHL GREEN SERVICES DECREaSE EmISSIoNS. INCREaSE EffICIENCy. DHL GREEN SERVICES decrease emissions. increase efficiency. IS YOUR SUPPLY CHAIN CARBON EFFICIENT? DHL GREEN SERVICES 2 Carbon emissions are increasing, and the corporate world is demonstrating its leadership

More information

Category 3: Fuel- and Energy-Related Activities Not Included in Scope 1 or Scope 2

Category 3: Fuel- and Energy-Related Activities Not Included in Scope 1 or Scope 2 3 Category 3: Fuel- and Energy-Related Activities Not Included in Scope 1 or Scope 2 Category description T his category includes emissions related to the production of fuels and energy purchased and consumed

More information

Using the voluntary carbon market to provide funding for natural capital projects in the UK. 6 th October 2015

Using the voluntary carbon market to provide funding for natural capital projects in the UK. 6 th October 2015 Using the voluntary carbon market to provide funding for natural capital projects in the UK 6 th October 2015 The problem we face Natural Capital Stock of natural ecosystems that provides a flow of goods

More information

Results scenario comparison WP 5.2

Results scenario comparison WP 5.2 Results scenario comparison WP 5.2 European sustainable electricity; comprehensive analysis of future European demand and generation of European electricity and its security of supply (EU-SUSTEL) Half

More information

Including Aviation into the EU ETS: Impact on EU allowance prices

Including Aviation into the EU ETS: Impact on EU allowance prices DEFRA and DfT Including Aviation into the EU ETS: Impact on EU allowance prices Final Report DEFRA and DfT Including Aviation into the EU ETS: Impact on EU allowance prices Final Report Prepared for: Department

More information

All about Allowances: from a power company perspective

All about Allowances: from a power company perspective All about Allowances: from a power company perspective Francisco Grajales Global Emissions Vattenfall Energy Trading Netherlands N.V. October 2014 History of Vattenfall From a domestic Swedish hydro power

More information

Carbon Footprint Calculator for Royal Society of Arts

Carbon Footprint Calculator for Royal Society of Arts Carbon Footprint Calculator for Royal Society of Arts This Carbon Calculator has been produced for Royal Society of Arts to enable the company to better understand its environmental performance in terms

More information

Carbon Projects and Potential Source of Revenue for Microfinance Institutions to Accelerate Renewable Energy Lending in Nepal

Carbon Projects and Potential Source of Revenue for Microfinance Institutions to Accelerate Renewable Energy Lending in Nepal Carbon Projects and Potential Source of Revenue for Microfinance Institutions to Accelerate Renewable Energy Lending in Nepal By: Marco van der Linden, Carbon Finance Advisor: MarcovanderLinden@snvworld.org

More information

CDP7 and OneReport Comparison

CDP7 and OneReport Comparison 24 27 47 KEY Matches data requested within Related to data requested within Not found in and Comparison # 1.1 2.1 3.1 4.1 5.1 6.1 Regulatory Risk Physical Risk General Risk Regulatory Physical General

More information

From separation to cooperation: Emissions trading systems in the EU and Switzerland

From separation to cooperation: Emissions trading systems in the EU and Switzerland Federal Department of the Environment, Transport, Energy and Communications DETEC Federal Office for the Environment FOEN From separation to cooperation: Emissions trading systems in the EU and Switzerland

More information

TOWARDS A GLOBAL CARBON MARKET PROSPECTS FOR LINKING THE EU ETS TO OTHER CARBON MARKETS. Carbon Market Watch Report May 2015

TOWARDS A GLOBAL CARBON MARKET PROSPECTS FOR LINKING THE EU ETS TO OTHER CARBON MARKETS. Carbon Market Watch Report May 2015 TOWARDS A GLOBAL CARBON MARKET PROSPECTS FOR LINKING THE EU ETS TO OTHER CARBON MARKETS Carbon Market Watch Report May 2015 Executive summary Jurisdictions with carbon markets currently account for about

More information

Promotion of energy efficiency and renewable energy experiences from Norway

Promotion of energy efficiency and renewable energy experiences from Norway Business planning of Renewable Energy and Energy Efficiency Projects in Ukraine and Eastern Europe Kiev 28. April 2011 Promotion of energy efficiency and renewable energy experiences from Norway Hans Borchsenius

More information

Introducing Gazprom Energy Stable, secure, reliable energy from one of the world s biggest names. With deals tailored around your needs, not ours.

Introducing Gazprom Energy Stable, secure, reliable energy from one of the world s biggest names. With deals tailored around your needs, not ours. Introducing Gazprom Energy Stable, secure, reliable energy from one of the world s biggest names. With deals tailored around your needs, not ours. About us Gazprom Energy customers receive a long lasting

More information

Environmental Performance Data Calculation Standards

Environmental Performance Data Calculation Standards Environal Performance Data Calculation Standards Subject Period: April 1, 2012 March 31, 2013 Scope : Fujitsu and Fujitsu Group (For details, refer to the List of Companies Covered by the Report on Environal

More information

Kan norske oljemilliarder redde tropisk regnskog?

Kan norske oljemilliarder redde tropisk regnskog? Kan norske oljemilliarder redde tropisk regnskog? Høstkonferansen 23.oktober 2012 Arild Angelsen Professor, School of Economics and Business, Norwegian University of Life Sciences (UMB), Ås, Norway & Senior

More information

Six greenhouse gases covered by the United Nations Framework Convention on Climate Change (UNFCCC) and its Kyoto Protocol are:

Six greenhouse gases covered by the United Nations Framework Convention on Climate Change (UNFCCC) and its Kyoto Protocol are: Fact sheet: The need for mitigation United Nations Framework Convention on Climate Change Along with adaptation, mitigation is one of the two central approaches in the international climate change process.

More information

Please indicate your preference by providing comments as appropriate. Where there is insufficient space, please attach additional pages as necessary.

Please indicate your preference by providing comments as appropriate. Where there is insufficient space, please attach additional pages as necessary. PART B: DETAILED QUESTIONS FOR RESPONSE Please indicate your preference by providing comments as appropriate. Where there is insufficient space, please attach additional pages as necessary. (1) The first

More information

Methods to calculate GHG mitigation potentials in Solid Waste Management. few background information

Methods to calculate GHG mitigation potentials in Solid Waste Management. few background information Methods to calculate GHG mitigation potentials in Solid Waste Management few background information Workshop on behalf of a project comissioned by 18 June 2012 Berlin, Germany Regine Vogt, Jürgen Giegrich

More information

Carbon footprint and GHG Inventories : two approaches for a better understanding of climate issues

Carbon footprint and GHG Inventories : two approaches for a better understanding of climate issues Carbon footprint and GHG Inventories : two approaches for a better understanding of climate issues Monday, 7th of December 2015 COP21 Le Bourget - France Definition Carbon Footprint of a country Carbon

More information

Greenhouse Gas Emissions: Trouble Brewing or a Golden Opportunity? Texas Association of Clean Water Agencies April 3, 2009

Greenhouse Gas Emissions: Trouble Brewing or a Golden Opportunity? Texas Association of Clean Water Agencies April 3, 2009 Greenhouse Gas Emissions: Trouble Brewing or a Golden Opportunity? Texas Association of Clean Water Agencies April 3, 2009 Agenda 1. Climate change and greenhouse gas emissions a. What it s all about b.

More information

Lessons Learned from Linking Emissions Trading Systems:

Lessons Learned from Linking Emissions Trading Systems: Technical Note 7 February 2014 Lessons Learned from Linking Emissions Trading Systems: General Principles and Applications This Technical Note (the report ) was prepared for the PMR Secretariat by Erik

More information

II. Overview of Steps in the Methodology Development, Offset Project Approval and Credit Issuance Process

II. Overview of Steps in the Methodology Development, Offset Project Approval and Credit Issuance Process A Comparison of Greenhouse Gas Emissions Offsets Project Development and Approval Processes 1 Background Paper for the EPRI Greenhouse Gas Emissions Offset Policy Dialogue Workshop #8 June 2010 I. Background

More information

Banks as bridges: Investment in a sustainable and climate-friendly economic system

Banks as bridges: Investment in a sustainable and climate-friendly economic system Banks as bridges: Investment in a sustainable and climate-friendly economic system Matthew Arndt, Head of division Environment, Climate and Social Office 18/01/2013 1 Who we are Breakdown of the EIB s

More information

Climate Change and Waste The Missing Link December 2010 Written by Jacob Gregory

Climate Change and Waste The Missing Link December 2010 Written by Jacob Gregory Climate Change and Waste The Missing Link December 2010 Written by Jacob Gregory Strategies being used to mitigate climate change in Canada are largely focused on curtailing emissions from energy production:

More information

Green Power Accounting Workshop: Concept Note For discussion during Green Power Accounting Workshop in Mexico City, May 13th 2011

Green Power Accounting Workshop: Concept Note For discussion during Green Power Accounting Workshop in Mexico City, May 13th 2011 Introduction As more companies and government organizations prepare greenhouse gas (GHG) inventories that reflect the emissions directly and indirectly associated with their operations, they increasingly

More information

EMISSIONS TRADING BASIC PRINCIPLES AND EXPERIENCES IN EUROPE AND GERMANY

EMISSIONS TRADING BASIC PRINCIPLES AND EXPERIENCES IN EUROPE AND GERMANY EMISSIONS TRADING BASIC PRINCIPLES AND EXPERIENCES IN EUROPE AND GERMANY 1 2 CONTENT INTRODUCTION ------------------------------------------------------------- 4 BASIC PRINCIPLE AND BENEFITS OF EMISSIONS

More information

DRAFT CONCEPT NOTE ON DATABASE ON THE COST AND EFFICIENCY OF TECHNOLOGIES. (Version 01.0)

DRAFT CONCEPT NOTE ON DATABASE ON THE COST AND EFFICIENCY OF TECHNOLOGIES. (Version 01.0) Page 1 CONCEPT NOTE ON DATABASE ON THE COST AND EFFICIENCY OF TECHNOLOGIES (Version 01.0) I. Background 1. The use of standardized baselines can potentially reduce transaction costs, enhance transparency,

More information

NEW RENEWABLE ENERGY INNOVATION PARTNERSHIPS: ELEMENTS OF A CONSTRUCTIVE CARBON STRATEGY FOR NORWAY S INDUSTRY AND GOVERNMENT

NEW RENEWABLE ENERGY INNOVATION PARTNERSHIPS: ELEMENTS OF A CONSTRUCTIVE CARBON STRATEGY FOR NORWAY S INDUSTRY AND GOVERNMENT J4-3 NEW RENEWABLE ENERGY INNOVATION PARTNERSHIPS: ELEMENTS OF A CONSTRUCTIVE CARBON STRATEGY FOR NORWAY S INDUSTRY AND GOVERNMENT J. Buen, Research Fellow, Centre for Technology and Society, Norwegian

More information

World Energy Outlook 2009. Presentation to the Press London, 10 November 2009

World Energy Outlook 2009. Presentation to the Press London, 10 November 2009 World Energy Outlook 29 Presentation to the Press London, 1 November 29 The context The worst economic slump since the 2 nd World War & signs of recovery but how fast? An oil price collapse & then a rebound

More information

Air Resources Board. Mary D. Nichols, Chairman 1001 I Street P.O. Box 2815 Sacramento, California 95812 www.arb.ca.gov

Air Resources Board. Mary D. Nichols, Chairman 1001 I Street P.O. Box 2815 Sacramento, California 95812 www.arb.ca.gov Linda S. Adams Secretary for Environmental Protection Air Resources Board Mary D. Nichols, Chairman 1001 I Street P.O. Box 2815 Sacramento, California 95812 www.arb.ca.gov Arnold Schwarzenegger Governor

More information

Introducing RCC- Asia Pacific & Climate Neutral Now - online platform for voluntary cancellation of CERs

Introducing RCC- Asia Pacific & Climate Neutral Now - online platform for voluntary cancellation of CERs Introducing RCC- Asia Pacific & Climate Neutral Now - online platform for voluntary cancellation of CERs South East Asian Network of Climate Change offices (SEAN CC) Pre COP 21 Workshop Bangkok, 2-3 November

More information

Electrical infrastructure serving the city of London CITY OF LONDON. 2012 Corporate Energy Consumption Report

Electrical infrastructure serving the city of London CITY OF LONDON. 2012 Corporate Energy Consumption Report Electrical infrastructure serving the city of London CITY OF LONDON 2012 Corporate Energy Consumption Report September 2013 TABLE OF CONTENTS CORPORATE ENERGY MANAGEMENT - UPDATE... 3 1 CORPORATE ENERGY

More information

PEAK DISTRICT NATIONAL PARK AUTHORITY ENVIRONMENTAL MANAGEMENT ANNUAL PERFORMANCE REPORT 2013/2014

PEAK DISTRICT NATIONAL PARK AUTHORITY ENVIRONMENTAL MANAGEMENT ANNUAL PERFORMANCE REPORT 2013/2014 2009/10 2010/11 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 Carbon emissions (kgco2) Page 1 PEAK DISTRICT NATIONAL PARK AUTHORITY ENVIRONMENTAL MANAGEMENT ANNUAL PERFORMANCE REPORT 2013/2014 1. INTRODUCTION

More information

An uncomplicated carbon management solution for Australian small businesses

An uncomplicated carbon management solution for Australian small businesses An uncomplicated carbon management solution for Australian small businesses Lite Page 2 Copyright Carbon Planet Limited 2010. Printed on recycled paper with best environmental practice. GLBV118052010 www.g3ms.net

More information

Public health benefits of strategies to reduce greenhouse gas emissions. Professor Sir Andy Haines

Public health benefits of strategies to reduce greenhouse gas emissions. Professor Sir Andy Haines Public health benefits of strategies to reduce greenhouse gas emissions Professor Sir Andy Haines Case studies in four sectors responsible for large emissions of greenhouse gases (GHGs) Household energy

More information

FINDINGS AND RECOMMENDATIONS OF THE SURVEY OF ENGINEERING ENTERPRISE LEADERS GROUP ENERGY EFFICIENCY AND GREENHOUSE GAS REDUCTIONS

FINDINGS AND RECOMMENDATIONS OF THE SURVEY OF ENGINEERING ENTERPRISE LEADERS GROUP ENERGY EFFICIENCY AND GREENHOUSE GAS REDUCTIONS FINDINGS AND RECOMMENDATIONS OF THE SURVEY OF ENGINEERING ENTERPRISE LEADERS GROUP ENERGY EFFICIENCY AND GREENHOUSE GAS REDUCTIONS Contact: Lynne Reeder Senior Policy Analyst ph: 02 62706581 email: Lynne_Reeder@ieaust.org.au

More information

Methane emissions trading

Methane emissions trading 24 Chapter 3: Methane emissions trading Methane emissions trading One of the key issues in this report is whether methane trading is a viable option for the UK. Market based trading schemes are currently

More information

Linkage of Tradable Permit Systems in International Climate Policy Architecture

Linkage of Tradable Permit Systems in International Climate Policy Architecture The Harvard Project on International Climate Agreements September 2008 Discussion Paper 08-07 Linkage of Tradable Permit Systems in International Climate Policy Architecture Judson Jaffe Analysis Group

More information

Global Warming A Changing Risk Landscape

Global Warming A Changing Risk Landscape Global Warming A Changing Risk Landscape Climate Change Gjensidige Nov 4 th 08 Agenda Business environment Climate Change Physical environment Page 2 General observations Upwards trend 110 2005: TC Katrina,

More information

Environmental Finance and Sustainable Investment: Risk Mitigation and Emerging Opportunities 2015 Course Description ENV 1707 F

Environmental Finance and Sustainable Investment: Risk Mitigation and Emerging Opportunities 2015 Course Description ENV 1707 F Environmental Finance and Sustainable Investment: Risk Mitigation and Emerging Opportunities 2015 Course Description ENV 1707 F Instructors: Susan McGeachie & Tom Rand Time: Wednesday 6:30 8:30 pm Place:

More information

CO 2 taxes and emission trading in Norway. Nordic seminar Tokyo 18. juni 2010 Frode Finsås Ministry of Finance, Norway

CO 2 taxes and emission trading in Norway. Nordic seminar Tokyo 18. juni 2010 Frode Finsås Ministry of Finance, Norway CO 2 taxes and emission trading in Norway Nordic seminar Tokyo 18. juni 2010 Frode Finsås Ministry of Finance, Norway 1 Outline of the presentation 1. Climate instruments by source 2. The CO2-tax 3. The

More information

Roadmap for moving to a competitive low carbon economy in 2050

Roadmap for moving to a competitive low carbon economy in 2050 Roadmap for moving to a competitive low carbon economy in 2050 COUNTRY CAPITAL XXX, 9 March 2011 NAME XXX DG Climate Action European Commission 1 Limiting climate change a global challenge Keeping average

More information

Vancouver Landfill Gas Capture Optimization Project

Vancouver Landfill Gas Capture Optimization Project May 11, 2015 Vancouver Landfill Gas Capture Optimization Project Allocation of GHG Reduction Credits to Metro Vancouver and its Member Municipalities 2014 Reporting Year This report was prepared by the

More information

Carbon Disclosure Project. 2005 Response from Westpac Banking Corporation

Carbon Disclosure Project. 2005 Response from Westpac Banking Corporation Carbon Disclosure Project 2005 Response from Westpac Banking Corporation 1. General: Do you believe climate change, the policy responses to climate change and/or adaptation to climate change represent

More information

How to develop voluntary carbon market projects

How to develop voluntary carbon market projects How to develop voluntary carbon market projects VER Concept Voluntary Emission Reduction (VER) is a type of carbon offset exchanged in the voluntary or 'Over-the-Counter' (OTC) market for carbon credits.

More information

Integrated Emissions Data Management Framework for Government and Corporate Greenhouse Gas Data Management, Modeling, and Reporting

Integrated Emissions Data Management Framework for Government and Corporate Greenhouse Gas Data Management, Modeling, and Reporting Integrated Emissions Data Management Framework for Government and Corporate Greenhouse Gas Data Management, Modeling, and Reporting Patricia A. Hoyte and James D. Johnson Caiteur Group Inc. and Caiteur

More information

Green-e Climate Stakeholder Process Voluntary GHG Project Certification Programs

Green-e Climate Stakeholder Process Voluntary GHG Project Certification Programs VOLUNTARY GHG PROJECT CERTIFICATION PROGRAMS This document provides information to stakeholders about the Gold Standard, a voluntary GHG project certification program. This document is distributed to stakeholders

More information

Australians are responsible for the highest per capita greenhouse gas emissions in the developed world 3.

Australians are responsible for the highest per capita greenhouse gas emissions in the developed world 3. Fact sheet If everyone in the world were to live like Australians, we would need 5.3 planet Earths to provide all the resources we use and absorb all the pollution we create 1. Climate Change The pollutants

More information

OVERVIEW of the ETHIOPIA S CLIMATE RESILENT GREEN ECONOMY STRATEGY

OVERVIEW of the ETHIOPIA S CLIMATE RESILENT GREEN ECONOMY STRATEGY FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA OVERVIEW of the ETHIOPIA S CLIMATE RESILENT GREEN ECONOMY STRATEGY Wondwossen Tadesse 1. Introduction Like most countries,ethiopia is experiencing the effects of

More information

The Select Committee on Energy and Climate Change s Inquiry on linking emissions trading systems

The Select Committee on Energy and Climate Change s Inquiry on linking emissions trading systems Parliament of the United Kingdom House of Commons of the United Kingdom of Great Britain and Northern Ireland Commons Select Committee Energy and Climate Change Committee 14 Tothill Street London SW1H

More information

How one simple step can halve a carbon footprint

How one simple step can halve a carbon footprint How one simple step can halve a carbon footprint Overview How businesses disclose their greenhouse gas emissions has changed and in a big way. It follows on from new guidance issued by the World Resources

More information

Inclusion of Consumption in Emissions Trading an International Comparison. William Acworth, DIW Berlin

Inclusion of Consumption in Emissions Trading an International Comparison. William Acworth, DIW Berlin Inclusion of Consumption in Emissions Trading an International Comparison William Acworth, DIW Berlin Background and experience England Dual Citizenship: UK and Australian Germany Masters of Public Policy

More information

The Kyoto Protocol Accomplishments and Failures. By Michael Chavez

The Kyoto Protocol Accomplishments and Failures. By Michael Chavez The Kyoto Protocol Accomplishments and Failures By Michael Chavez A History Treaty intended to achieve stabilization of greenhouse gases in the atmosphere at a level that would prevent dangerous anthropogenic

More information

Carbon Offsets and Renewable Energy Certificates (RECs)

Carbon Offsets and Renewable Energy Certificates (RECs) eq Insights Volume 3/November 2011 Carbon Offsets and Renewable Energy Certificates (RECs) The purpose of this brief is to provide a general understanding of carbon offsets and renewable energy certificates

More information

What are the environmental burdens of invoicing systems? A Comparative Life Cycle Assessment (LCA)

What are the environmental burdens of invoicing systems? A Comparative Life Cycle Assessment (LCA) What are the environmental burdens of invoicing systems? A Comparative Life Cycle Assessment (LCA) Converga s Life Cycle Assessment (LCA) shows that for every 1 million invoices, up to 800 tonnes of CO2

More information

Australian Carbon Trust

Australian Carbon Trust Australian Carbon Trust Accelerating the move to a low carbon economy Tony Coleman Australian Carbon Trust s goal is to accelerate the move to a low carbon economy ACT provides finance and advice to catalyse

More information

An Environmental Perspective on International Greenhouse Gas Emission Trading

An Environmental Perspective on International Greenhouse Gas Emission Trading An Environmental Perspective on International Greenhouse Gas Emission Trading Speaking Notes for Chris Rolfe West Coast Environmental Law Association Speaking Notes for a Presentation to After Kyoto --

More information

San Antonio College Greenhouse Gas (GHG) Report Fiscal Year 2009

San Antonio College Greenhouse Gas (GHG) Report Fiscal Year 2009 San Antonio College Greenhouse Gas (GHG) Report Fiscal Year 2009 Prepared by ENERGY SYSTEMS LABORATORY TEXAS ENGINEERING EXPERIMENT STATION Acknowledgement Table of Contents Acknowledgement... 3 Introduction...

More information

Developing the International Carbon Market. Linking Options for the EU ETS

Developing the International Carbon Market. Linking Options for the EU ETS Developing the International Carbon Market. Linking Options for the EU ETS Report to the Policy Planning Staff in the Federal Foreign Office Christian Flachsland, Ottmar Edenhofer, Michael Jakob, Jan Steckel

More information

Linking Different Emissions Trading Systems Current State and Future Perspectives LINKING

Linking Different Emissions Trading Systems Current State and Future Perspectives LINKING Linking Different Emissions Trading Systems Current State and Future Perspectives LINKING IMPRINT German Emissions Trading Authority (DEHSt) at the Federal Environment Agency Bismarckplatz 1 14193 Berlin

More information

www.defra.gov.uk Guidance on how to measure and report your greenhouse gas emissions

www.defra.gov.uk Guidance on how to measure and report your greenhouse gas emissions www.defra.gov.uk Guidance on how to measure and report your greenhouse gas emissions September 2009 Department for Environment, Food and Rural Affairs Nobel House 17 Smith Square London SW1P 3JR Telephone:

More information

State and Trends of Carbon Market 2005

State and Trends of Carbon Market 2005 State and Trends of the Carbon Market 2005 Washington DC, May 2005 State and Trends of the Carbon Market 2005 Franck Lecocq, Development Economics Research Group, World Bank 1 Karan Capoor, Carbon & Environmental

More information

Ruby: the First Carbon Neutral Pipeline

Ruby: the First Carbon Neutral Pipeline INTERSTATE PIPELINES EXPLORATION & PRODUCTION Building an excellent EH&S culture. Ruby: the First Carbon Neutral Pipeline Naomi Cortez El Paso Western Pipelines EPA Natural Gas STAR Annual Implementation

More information

Climate-Related Business & Technology

Climate-Related Business & Technology www.sandw.com Climate-Related Business & Technology Climate change and the measures required to address it raise fundamental business, legal and risk management issues. Working in this evolving arena requires

More information

Building a Low-Carbon Economy The UK's Contribution to Tackling Climate Change. www.theccc.org.uk

Building a Low-Carbon Economy The UK's Contribution to Tackling Climate Change. www.theccc.org.uk Building a Low-Carbon Economy The UK's Contribution to Tackling Climate Change www.theccc.org.uk Structure of the presentation 1. The 2050 target 2. The first three budgets 3. Wider social and economic

More information

Client Alert: AB 32 and Cap and Trade Design Basics

Client Alert: AB 32 and Cap and Trade Design Basics Client Alert Energy & Natural Resources If you have questions or would like additional information on the material covered in this Alert, please contact one of the authors: Jennifer A. Smokelin Counsel,

More information