Learning Event No. 2, Session 1 from Agriculture and Rural Development day (ARDD) 2011

Questions on Soil Carbon Markets: Learning from the Kenyan Experience Karen Hansen-‐Kuhn December 3, 2011

Markets need buyers and sellers Compliance markets Voluntary Markets •  Kyoto/JI/CDM •  Chicago Climate Exchange •  EU Emissions Trading •  Africa Climate Exchange Scheme •  OTC Exchanges •  Alberta, Canada •  California Carbon Exchange

Falling Carbon Prices Source: Environmental Finance, based on ICE data

Transaction Costs Kenya Agricultural Carbon Project •  $2.48 million in carbon revenues over 20 years (assuming $4 per ton) •  60% discount rate •  $1.04 million to establish and market fund •  60,000 farmers receive $22.83 over 20 years

Alternatives the sustainability of ﬁnance from carbon trading is … structurally reliant on the failure to reduce emissions adequately in industrialized countries –  FERN et al. 20 •  Annex 1 countries should honor commitments •  Financial Transactions Tax •  IMF Special Drawing Rights

Learning Event No. 2, Session 1 from Agriculture and Rural Development day (ARDD) 2011

by CCAFS | CGIAR program - Climate Change, Agriculture and Food Security on Dec 07, 2011

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Learning Event No. 2, Session 1 from Agriculture and Rural Development day (ARDD) 2011 — Presentation Transcript