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Transcript of Community Carbon Cooperative “Bringing the Carbon Market to San Diego” © 2010 Dawn...
![Page 1: Community Carbon Cooperative “Bringing the Carbon Market to San Diego” © 2010 Dawn Parker-Waites and Ken Sobel.](https://reader036.fdocuments.net/reader036/viewer/2022062801/56649e675503460f94b62d57/html5/thumbnails/1.jpg)
Community Carbon
Cooperative
“Bringing the Carbon Market to San Diego”
© 2010 Dawn Parker-Waites and Ken Sobel
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The World is Watching America…
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America Is Watching California…
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And Because of SB 375…
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California is Watching San Diego…
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And Our Children…
Are Watching ALL of US!!
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This is OUR time to Lead!
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CCubed Will Be The First of its Kind
In the World!
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In The Next Decade…
The Carbon Market is expected to triple to a $2.2 Trillion industry by 2020
Source: HSBC Analyst Report Sept 2010
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What Is Cap and Trade?
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An Economic Market Based Approach to reducing Green House Gases (GhGs)
Regulatory body sets a cap on the amount of emissions one company can emit (Cap)
No mandated technology or process, the market can decide how to comply by either using new technologies, or buying (Trading) credits from other companies that are under their cap or generating credits through offset projects.
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What is CCubed??
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CCubed Will Be Like Casting A Net Around the San Diego Region…
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And Pooling Our Energy Efficiency and Generation Efforts As One Offset Project
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Then Selling Our Carbon Credits
On The Market!
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Monetizing individuals, families, small business, organizational and municipality activities that because of their size would not be capitalized on in the carbon market.
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Community Carbon Cooperative (San Diego C Cubed)
Incubated by local non-profit organization
Producer based Cooperative Develops Market, Partnerships, Municipality
Relationships, Brings Community into Co-op Direct Revenue to Co-op from membership fees and
% of profits from carbon sales to operate Disburse funds to Co-op members for their carbon
commodities
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What is a Cooperative?
Member owned and operated Common types of coops: credit unions, food,
energy, and agriculture coops People from all means, all walks of life, work
together for common good For Profit Corporation Subchapter “T” Large growing Coop movement throughout
world, in December UN passed resolution that 2012 International Year of Cooperatives
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Carbon Instruments
Renewable Energy Credit (RECs)-from generating renewable energy
White tags -from energy efficiency measures
Carbon Credits- farms, land-use, car purchases
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Examples of Community Carbon Activities with Value
Solar installations Solar hot water heaters Home weatherization Electric car purchase Riding transit Green roofs Landfill methane capture Building retrofits Planting trees
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San Diego’s Footprint San Diego County emitted 34 million metric tons of carbon
dioxide in 2006 – an 18% increase over 1990 levels In 2006, per-capita emissions for San Diego County were 12
metric tons In 2006, emissions from cars and light-duty trucks represented
46% of total greenhouse gas emissions By 2020, under a business-as-usual scenario, regional
greenhouse gas emissions are expected to be 43 MMT CO2E, an increase of 9 MMT CO2E (26%) over 2006 levels and 14 MMT CO2E (48%) over 1990 levels.
To meet AB 32 emissions reduction targets (1990 levels by 2020), San Diego County would have to reduce emissions by 14 MMT CO2E (33%) below projected business-.as-usual levels in 2020.
Source-San Diego Greenhouse Gas Inventory-EPIC
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Carbon Market-USA
In 2008, voluntary carbon market doubled from $331 million to $705 million
Over the counter price of carbon credits increased 20 percent to an average of $7.34 per ton
US is the largest source of world carbon credits with 28 percent of volume
US is the largest consumer of carbon credits with 39 percent of the demand.
Source: Ecosystem Marketplace and New Carbon Finance, 2009
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Evolving Carbon Market Strong US Appetite
CCX trades 3,000 to 5,000 contracts per day
20% US utilities purchasing
11% Fortune 500 companies purchasing
17% Dow Jones Industrial companies buying carbon offsets
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C Cubed will not only help reduce Climate Change…
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BUT will help drive economic development in the region
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By Supporting Green Companies and Creating More Jobs
Energy Auditors Solar Installers Sustainability Consultants Green Suppliers Building Trades Teachers Sustainability Positions
within Companies Clean Tech Development
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But We Have a Threat…
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Prop 23…
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Collaborators
Sustainability Alliance of Southern California University of San Diego, EPIC School of Law California Center for Sustainability Energy
Next Steps… Form a Board of Directors Find a local Municipality to partner with for pilot Apply for Funding
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About The Project Creators- Dawn Parker-Waites, Founder San Diego Loves Green, Board
Member and Director of Communication SASC, Adjunct Professor, SDSU Green Energy Management program, CA No on Prop 23 Advisory Committee.
Ken Sobel, AV rated Attorney in California and Arizona, President United Sustainable Energy, Former Secretary American Solar Energy Society-PV Division, General Counsel SASC