Carbon cap and trade

312 views

Published on

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
312
On SlideShare
0
From Embeds
0
Number of Embeds
3
Actions
Shares
0
Downloads
9
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Carbon cap and trade

  1. 1. Sid A. Imam Master of Project Management Candidate Project Management 441 Northwestern University Evanston , IL, USA March 10, 2009 Instructors: Lois Vitt Sale Helen J. Kessler
  2. 2. Two Types: The primary footprint: measure of our direct emissions of CO2 from the burning of fossil fuels The secondary footprint: measure of the indirect CO2 emissions from the whole lifecycle of products
  3. 3. Policymakers would set a mandatory cap on emissions Industrial world standard tool of carbon dioxide and provide for addressing global warming companies with economic incentives to reach that cap at the lowest possible cost
  4. 4. Policymakers set a mandatory cap on Industrial world emissions of standard tool for carbon dioxide and addressing global provide companies warming with economic incentives
  5. 5. Alcoa, AIG, Boston Scientific, BP America, Caterpillar, ConocoPhillips, Chrysler, John Deere, Dow, Duke Energy, DuPont, Environmental Defense Fund, Exelon, Ford, FPL Group, General Electric, General Motors, Johnson & Johnson, Marsh, National Wildlife Federation, Natural Resources Defense Council, NRG Energy, The Nature Conservancy, PepsiCo, Pew Center on Global Climate Change, PG&E, PNM Resources, Rio Tinto, Shell, Siemens, World Resources Institute, and Xerox Target: Reduction of green house gas (GHG) to at least 25 percent below 1990 levels by 2020 and 80 percent below 1990 levels by 2050
  6. 6. o Negotiation process for a post-2012 climate change regime o January 1, 2008 marked the formal start of the compliance period of the Kyoto Protocol and of Phase II of the European Union Emission Trading Scheme (EU ETS).
  7. 7. Allowanc Project- based Compliance EU e Markets Driven Markets Markets ETS
  8. 8. o Program for GHG reduction in developing Countries o Works with within the framework of the Kyoto Protocol's Clean Development Mechanism (CDM) or Joint Implementation (JI)
  9. 9. Cap & trade Carbon tax Lengthy regulatory process Not complex Tradable permits = assets Regulatory mandate May limit innovation Will foster more innovation Voluntary market Governed by legislation Currency/ Price & political risk Less prone to those risk Many players; complex Less players structure After 2012 the path is not clear Regulator can make policy
  10. 10. o Cap-and –trade Proposals in the U.S. Congress:  Boxer-Lieberman-Warner  Bingaman-Specter  McCain-Lieberman  Sanders-Boxer  Kerry-Snowe  Oliver-Gilchrest

×