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Structural Approaches to Emissions Mitigation and the Role of BusinessDavid HoneSenior Climate Change AdviserGroup CO2June 2011
A policy framework to consider B Cost of abatement € / tonne CO2e Abatement MTonne CO2e Carbon price policy drives project implementation from left to right across the abatement curve  C A Energy efficiency measures, land use practices - primarily driven by standards and regulation. Higher cost technologies still moving down the cost curve. Needs a carbon price with additional support. Large scale abatement within the electricity sector, transport fuels and some areas of industry. Needs a carbon price to drive deployment.
The Developing Global FrameworkGeneral overview  Medium / long-term reduction  CDM / improved CDM Green Climate Fund Developed Country reduction targets  Developing country NAMAs Carbon price Other market mechanisms ,[object Object]
Green bond
REDD+Technology Mechanism Measurement, reporting & verification
The Development of CCS in the EUGeneral overview  CCS plays a role in reducing EU emissions EU-ETS and CDM / JI NER-300 EU wants to see CCS as a core technology option by 2020 Carbon price Technology learning and knowledge sharing Other pricing mechanisms, e.g. FQD CCS legal framework / CCS Directive
Business and Government working together on CCS Founded in 2005, the European Technology Platform for Zero Emission Fossil Fuel Power Plants (ZEP) is a unique coalition of stakeholders united in their support for CCS as a key technology for reducing emissions. ZEP serves as advisor to the European Commission on the research, demonstration and deployment of CCS. 2 Government, 27 Companies, 2 NGOs, 7 Academia / R&D

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Structural Approaches to Emissions Mitigation

  • 1. Structural Approaches to Emissions Mitigation and the Role of BusinessDavid HoneSenior Climate Change AdviserGroup CO2June 2011
  • 2. A policy framework to consider B Cost of abatement € / tonne CO2e Abatement MTonne CO2e Carbon price policy drives project implementation from left to right across the abatement curve C A Energy efficiency measures, land use practices - primarily driven by standards and regulation. Higher cost technologies still moving down the cost curve. Needs a carbon price with additional support. Large scale abatement within the electricity sector, transport fuels and some areas of industry. Needs a carbon price to drive deployment.
  • 3.
  • 5. REDD+Technology Mechanism Measurement, reporting & verification
  • 6. The Development of CCS in the EUGeneral overview CCS plays a role in reducing EU emissions EU-ETS and CDM / JI NER-300 EU wants to see CCS as a core technology option by 2020 Carbon price Technology learning and knowledge sharing Other pricing mechanisms, e.g. FQD CCS legal framework / CCS Directive
  • 7. Business and Government working together on CCS Founded in 2005, the European Technology Platform for Zero Emission Fossil Fuel Power Plants (ZEP) is a unique coalition of stakeholders united in their support for CCS as a key technology for reducing emissions. ZEP serves as advisor to the European Commission on the research, demonstration and deployment of CCS. 2 Government, 27 Companies, 2 NGOs, 7 Academia / R&D
  • 8.
  • 10. REDD+CDM / improved CDM Green Climate Fund Technology Mechanism May need a carbon bond structure to underpin projects Will require technology choices and access Will need additional funding from the GCF Will require a flow a CERs via the CDM South Africa CCS NAMA: By 2020 store 15 million tpa of CO2 from coal use. South African convened NDP, through which business, academia and civil society acts to advise government