Carbon Offset Demystified

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Why are they needed? • <strong>Offset</strong>s allow countries or companies who are targeted to reduce their emissions to trade between each other • GOAL: Achieve compliance at lowest cost by using market forces to allocate capital • Why I like it – Use market forces to price an externality; in this case greenhouse gas pollution
How are they made? • Permits to pollute – Issued by a regulating body to place a cap on emissions – Emission reduction performance impacts supply – Allocations usually reduced year on year – Permits have limited use outside of the compliance sphere – E.g. EUA • Emission reduction projects – Derived from projects that lie outside of the compliance sphere – Based on emission reductions from projects, e.g. wind farms or industrial efficiency improvements – Issued based on the reduced emissions after a project versus emissions prior to the project – E.g. CER, ERU, VER
Page 1 and 2: Carbon Trading Mark Chadwick, CEO C
Page 3 and 4: Introduction to Carbon Clear • Ma
Page 5 and 6: What is carbon trading? • Carbon
Page 7: Why trade carbon credits? 60 50 40
Page 11 and 12: Carbon trading in your organisation
Page 13 and 14: Existing UK climate policy levers C
Page 15 and 16: Cinic: Questions and comments about
Page 18 and 19: Lifecycle of a carbon credit … a
Page 20 and 21: Saving more than the environment: M
Page 22: Monitoring • Each retrofit includ

Carbon Offset Demystified

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