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EKO on Ecosystem Markets:
Road to Somewhere?
Friday, October 1, 2010
About EKO
Vision: Put a price on nature’s services that
reflects their true value to preserve them:
clean air, water, biodi...
3
Ecosystem Services
Friday, October 1, 2010
4
Headed for ecological
overshoot without pricing?
Friday, October 1, 2010
5
Already there!
Friday, October 1, 2010
The Drivers of Deforestation
6
Friday, October 1, 2010
7
Friday, October 1, 2010
Size and Growth of Markets
8
Ecosystem market sizes in millions of dollars – historical and estimated future
US carbon at ...
Carbon Markets
9
Compliance markets
Cap and trade/“Price on carbon”
$144b or 8,625 MtCO2e in 2009
Geographic coverage (mos...
.
10
Friday, October 1, 2010
Where are We?
11
Friday, October 1, 2010
Where are We?
12
Friday, October 1, 2010
13
Friday, October 1, 2010
“Green Carbon”
14
Forests, agriculture and soil carbon have historically been outside of
regulated carbon markets, althoug...
The Least Expensive Solutions
15
Friday, October 1, 2010
And less capital intensive...
16
Friday, October 1, 2010
12
Offsets of Interest: Major GHG
Impacts ...and Political Weight Too
9
Agricultural practice changes
• Conservation tilla...
Key Democrats and K (G) L
18
Friday, October 1, 2010
Regional Carbon Markets
19
HI
!""#$%$&'()*+,'-.$
/""!0%$&'()*+,'-.$$
12#$3$4567(87($$
12#$%$&'()*+,'-.$
!"#$%&'()*#+,),%-#...
AB 32 is 72 policies - all under fire
20
Friday, October 1, 2010
The campaign to kill AB 32
21
DONOR AMOUNT
VALERO $1,550,000
TESORO $625,000
ADAM SMITH FOUNDATION $498,000
OCCIDENTAL PET...
22
In Short...
Three key trends in carbon:
US building a $90b+ carbon market
from scratch
CA regulated market trading alre...
23
Friday, October 1, 2010
Jason Scott
EKO Asset Management
Partners
1350 Avenue of the
Americas, 29th floor
NY, NY 10019
212.974.011
jscott@ekoamp.co...
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SOCAP10: Jason Scott, EKO Asset Mgmt Partners

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Transcript of "SOCAP10: Jason Scott, EKO Asset Mgmt Partners"

  1. 1. EKO on Ecosystem Markets: Road to Somewhere? Friday, October 1, 2010
  2. 2. About EKO Vision: Put a price on nature’s services that reflects their true value to preserve them: clean air, water, biodiversity Mission: Catalyze institutional strength capital for projects, firms and funds in ecosystems markets Our equity investors: David Blood, Wolfensohn & Co., Peter Wheeler, Lord Jacob Rothschild, Sunil Paul, Larry Lunt, Colin Leduc, KL Felicitas, Richard Kauffman, Ben Goldsmith, Aimee Christensen and Carter Bales 2 Friday, October 1, 2010
  3. 3. 3 Ecosystem Services Friday, October 1, 2010
  4. 4. 4 Headed for ecological overshoot without pricing? Friday, October 1, 2010
  5. 5. 5 Already there! Friday, October 1, 2010
  6. 6. The Drivers of Deforestation 6 Friday, October 1, 2010
  7. 7. 7 Friday, October 1, 2010
  8. 8. Size and Growth of Markets 8 Ecosystem market sizes in millions of dollars – historical and estimated future US carbon at $80b in 2012-13 assumes regulated US carbon market. Friday, October 1, 2010
  9. 9. Carbon Markets 9 Compliance markets Cap and trade/“Price on carbon” $144b or 8,625 MtCO2e in 2009 Geographic coverage (mostly EU) 15% Offsets by volume (tons) Voluntary markets Value based on “quality” of reductions $388m or 94 MtCo2e in 2009 Global in supply; demand driven by U.S. and EU !"#$%"&'%()*+,&-&.(%/,%01#/&2#"34*,&5&2%"3*,&67889:& ;<#+#& 2#"3/+%(<&=#/>;<#+#& ?@&?.A& !"#$!%&'()$*% +,,-./0% B!!C& -,#%&'()$*% +$.10% =AD& #2%&'()$*% +3.,$0% EF'& ,"$!!%&'()$*% +$3.$0% GG@,& ,//%&'()$*% +$.30% 2#"3/+%(<& H.EI& /#%&'()$*% +3.##0% EEJ& 2,%&'()$*% +3.3/0% !"#$%&'()*+#,-./*0#12&/3%4*+5# G"$*(+%& /%&'()$*% +3.3!0% KC& $!%&'()$*% +3.#/0% Friday, October 1, 2010
  10. 10. . 10 Friday, October 1, 2010
  11. 11. Where are We? 11 Friday, October 1, 2010
  12. 12. Where are We? 12 Friday, October 1, 2010
  13. 13. 13 Friday, October 1, 2010
  14. 14. “Green Carbon” 14 Forests, agriculture and soil carbon have historically been outside of regulated carbon markets, although always critical to voluntary markets Front and center now with development of the US and post-Copenhagen Forestry carbon already a part of leading pre-compliance US market: CA Recognition that forestry, soil and agricultural carbon make up 25-30% of global GHG problem; REDD being one of the few successes of Copenhagen Ag states and interests have a powerful voice - used it to influence the Waxman- Markey bill, changing the politics of climate change Coalition on Agricultural GHG’s (C-AGG) aggregating science and policy Friday, October 1, 2010
  15. 15. The Least Expensive Solutions 15 Friday, October 1, 2010
  16. 16. And less capital intensive... 16 Friday, October 1, 2010
  17. 17. 12 Offsets of Interest: Major GHG Impacts ...and Political Weight Too 9 Agricultural practice changes • Conservation tillage / No-till • Crop rotations • Modified fertilizer techniques • Winter cover crops • Perennial crops • Biochar Forestry • Sustainable forest management • Afforestation / Reforestation • Avoided deforestation Other Land Use changes • Grasslands restoration • Rangeland management • Wetlands restoration / peat bogs Friday, October 1, 2010
  18. 18. Key Democrats and K (G) L 18 Friday, October 1, 2010
  19. 19. Regional Carbon Markets 19 HI !""#$%$&'()*+,'-.$ /""!0%$&'()*+,'-.$$ 12#$3$4567(87($$ 12#$%$&'()*+,'-.$ !"#$%&'()*#+,),%-#./)0)1#23'34)34)1# 25)34'6)1#74%85#9%5*1#+5*5:)1# ;)<)46'=)->#)6-5#5?-%:8'*@#A2BC# !D#2)*)E')*#F:58'*(%-#.+)-G),(3%H)*1# 758)#+(5I)1#J4G5*>#)6-5#5?-%:8'*@#A2BC# /""!0$%$4567(87($ Friday, October 1, 2010
  20. 20. AB 32 is 72 policies - all under fire 20 Friday, October 1, 2010
  21. 21. The campaign to kill AB 32 21 DONOR AMOUNT VALERO $1,550,000 TESORO $625,000 ADAM SMITH FOUNDATION $498,000 OCCIDENTAL PETROLEUM $300,000 HOWARD JARVIS TAXPAYERS $200,002 TOWER ENERGY $200,000 WORLD OIL $200,000 ROBINSON OIL $125,000 NAT'L PETROCHEMICAL $100,000 THE CALIFORNIA TRUCKING $50,000 MURRAY ENERGY $30,000 BERRY PETROLEUM COMPANY $25,000 CAMINOL MANAGEMENT CO. $25,000 BOYETT PETROLEUM $25,000 OTHER DONORS >$10K $93,000 TOTAL $4,046,002 Friday, October 1, 2010
  22. 22. 22 In Short... Three key trends in carbon: US building a $90b+ carbon market from scratch CA regulated market trading already Strong interest in “Green Carbon” Other ecosystems pricing need similar regulatory drivers Long-term: pricing of ecosystems and their services will create more mega-markets Friday, October 1, 2010
  23. 23. 23 Friday, October 1, 2010
  24. 24. Jason Scott EKO Asset Management Partners 1350 Avenue of the Americas, 29th floor NY, NY 10019 212.974.011 jscott@ekoamp.com 24 Friday, October 1, 2010

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