Making Sense of Carbon Offsets
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Making Sense of Carbon Offsets

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Making Sense of Carbon Offsets Making Sense of Carbon Offsets Presentation Transcript

  • Making Sense of Carbon Offsets Ewan O’Leary Offset Collective, Inc. 18th June, 2008
  • parts-per-million <!>
  • parts-per-million <@#$^!!>
  • Carbon 101 Fungible = freely exchangeable
  • 2,983 MtCO2e (World Bank) 20.4 Metric Tons/ yr (EIA) = 475 Trees (for 10 years) EPA
  • “One carbon offset represents the reduction of one metric ton of carbon dioxide, or its equivalent in other greenhouse gases.” - Wikipedia
  • How Offsets Work CO2e into the atmosphere You CO2e Out of the atmosphere
  • Value the Priceless 1. Baseline emissions 2. Set an emissions cap Sightline Institute
  • Value the Priceless 3. Issue permits 4. Reduce the cap 5. Trade! Can we scale? Sightline Institute
  • Voluntary Carbon Market =Demand Consumer
  • LULUCF REDD Popsets? Renewables 200+ Methane project types
  • Follow the Money • Reduce costs • Promote investment • Drive innovation
  • “Additionality” Business-as-usual is not climate as usual
  • Important! • Transparent • Verifiable • Valid • Permanent • Vintage
  • Standards Source: EcoSystem Marketplace, New Carbon Finance, 2008
  • Some Variations • Geography • Project Type • Co-benefits Gold Standard VER CDM VCS CCX JI Green‐E
  • Does Will it Work? • Scale • Collaboration • Effectiveness $43-Trillion US (opportunity IEA)
  • Caveats 1. Bless me Father, for I have sinned 2. We can’t see the forest for the trees
  • Caveats 3. All your tree are belong to us 4. Is it just me or is this lifeboat leaky? 5. Death and taxes
  • DO SOMETHING! join a CRAG* *Carbon Reduction Action Group