Carbon Regulation 071310
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Transcript of Carbon Regulation 071310
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CARBON MANAGEMENT DRIVERS(AS OF 2008-2009)
e n
t A c
t i v
i t i e s ,
b y
D r i v e r
Brand, Supply Chain, GreenMarkets, Cost Reduction
Climate Change Impacts
Strategic Positioning forUncertainty, Mandates
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2008 2009 2010 2011 2012 2013 2014 2015
Year
C a r b o n
M a n a g e m
Disclosure, Reporting,Litigation
Targeted Policies &Measures
National Cap and Trade
Source: Mark Trexler, Det Norske Veritas (DNV)
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CARBON MANAGEMENT DRIVERS(AS OF TODAY)
e n
t A c
t i v
i t i e s ,
b y
D r i v e r
Brand, Supply Chain, GreenMarkets, Cost Reduction
Climate Change Impacts
Strategic Positioning forUncertainty, Mandates
6
2008 2009 2010 2011 2012 2013 2014 2015
C a r b o n
M a n a g e
Year
sc osure, epor ng, ga on
Targeted Policies & Measures
National Cap and Trade
Source: Mark Trexler, Det Norske Veritas (DNV)
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Climate Change Is a GameChanger, and so is Climate
Change Policy
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(whether sooner or later)
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CLIMATE PROJECTIONS AND FIGURES
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Emissions must be reducedby 50% below 1990 levels by2050 to prevent greater than2C global warming.
To do this we must use lessthan 25% of the remainingknown fossil fuel reserves
WARMING PROJECTIONS
etween now an .
Source: Meinshausen, M., Meinshausen, N., Hare, W., Raper, S. C. B., Frieler, K., Knutti, R., Frame, D. J. & Allen, M.
Greenhouse gas emission targets for limiting global warming to 2 C. Nature, doi: 10.1038/nature08017 (2009).http://www.pik-potsdam.de/news/press-releases/on-the-way-to-phasing-out-emissions-more-than-50-reductions-needed-by-2050-to-respect-2b0c-climate-target
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GHG EMISSIONS BY COUNTRY
Source: PEW Center on Global Climate Changewww.pewclimate.org/global-warming-basics/climate_change_101
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Source: Mongabay.com from EIA 2009 data (http://photos.mongabay.com/09/forecast_co2_line.jpg)
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Source: Seligsohn, Deborah, Robert Heilmayr, Xioamei Tan, Lutz Weischer. 2009. China, the United States, and the Climate Change Challenge. Washington, DC: World Resources Institute. Availableonline: http://www.wri.org/publication/china-united-states-climate-change-challenge.
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Source: McMahon, Hilary. International Negotiations on Climate Change: Key Questions &Answers. December, 2008. World Resources Institute. Available online athttp://www.wri.org/stories/2008/12/fact-sheet-international-negotiations-climate-change.
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Source: PEW Center on Global Climate Change www.pewclimate.org/global-warming-basics/climate_change_101
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Source: EPA 2009 U.S. Greenhouse Gas Emissions Inventoryhttp://www.epa.gov/climatechange/emissions/co2_human.html
Source: PEW Center on Global Climate Change
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CARBON MARKETS: PRICE OF CARBON
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European Climate Exchange. ECX Monthly Report, June 2010. Accessed from http://www.ecx.eu/EUA-Futures athttp://www.ecx.eu/media/xls/ecx%20eua%20futures%20contract.xls
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CURRENT REGULATORY SCHEMES
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REGIONALCAP AND
TRADEINITIATIVES
Source: Bottom Line on Regional Cap-and-Trade Programs. July, 2009. World ResourcesInstitute. Available online athttp://www.wri.org/publication/bottom-line-regional-cap-and-trade-programs.
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REGIONAL CAP AND TRADE INITIATIVES
Source: PEW Center on Global Climate Change www.pewclimate.org/global-warming-basics/climate_change_101
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Source: Pew Center for Global Climate Change.http://www.pewclimate.org/what_s_being_done/in_the_states/state_action_maps.cfm
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Source: Pew Center for Global Climate Change.http://www.pewclimate.org/what_s_being_done/in_the_states/state_action_maps.cfm
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CURRENT POLICY PROPOSALS AND
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Larsen, John. 2010. Emission Reductions Under Pollution Reduction Proposals in the 111th Congress.Washington, DC: World Resources Institute. Available online at:http://www.wri.org/publication/usclimatetargets
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Designing Climate Mitigation Policy Joseph E. Aldy, Alan J. Krupnick, Richard G. Newell, Ian W.H. Parry, and William
A. Pizer http://206.205.47.99/RFF/Documents/RFF-DP-08-16.pdf
ADDITIONAL RESOURCES
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Dr. Jason Scorse,Associate ProfessorMonterey Institute of International Studies
Thank you for attending The Future of Carbon Regulation.If you have additional questions, please contact us:
Dr. Mark TrexlerDirector,Climate Strategiesand MarketsDet Norske Veritas (DNV)[email protected]
Alison HopcroftModeratorAssociate, Fluid MarketStrategies