As part of the HEC Advanced Certificate in Aviation & Aerospace, research project has to be performed by team of 5 individuals working within the industry.
The purpose of this document is to analyze the impacts of EU ETS regulation implementation on European passenger airlines' business model. After an explanation of the EU ETS mechanism applied to aviation, impacts on airlines business model framework categories are detailed, along with ways to address this issue and recommendations.
This document summarizes a study on measuring and regulating carbon emissions from transportation. Transport emissions are the main contributor to growing emissions. The study developed a carbon measurement methodology, measured emissions within a European distribution network, and evaluated the impact of various regulatory scenarios. The results showed reductions are possible but opportunities remain limited by capacity, service constraints, and costs increasing with emissions reductions. Current regulations are not very effective at reducing emissions overall. More drastic changes are needed to meet emissions targets.
Financing the energy renovation of buildings in EUCristóbal TeBe
This document provides a final report on financing the energy renovation of buildings with Cohesion Policy funding. It was prepared for the European Commission by consultants. Key points covered include:
- An analysis of available Cohesion Policy funding opportunities for energy efficiency and renewable energy investments in buildings.
- Case studies of financial instruments supporting such investments in several EU member states.
- Recommendations to member states and managing authorities on how to design and implement effective support programs using Cohesion Policy funds.
The document discusses strategies for establishing credibility, ownership, and sustainability for the MENA Centre for Renewable Energy and Energy Efficiency (MCREEE). It outlines how the European Commission will articulate regional demand, create credibility through funding programs, develop ownership by involving countries in decision making, and manage sustainability by linking MCREEE to future renewable energy initiatives in the region.
This document outlines the methodology and key deliverables for Vietnam's National Target Program on Climate Change. It discusses establishing executive and implementing agencies, lessons from an inception phase, and a focus on mitigation and adaptation in the energy and transport sectors. Key outputs include technical working papers, climate modeling, GHG inventories and projections, adaptation and mitigation options, awareness campaigns, draft action plans, and pilot projects at the national and provincial levels.
This document discusses infrastructure costs and congestion in transportation. It makes three key points:
1) Infrastructure and congestion costs are increasing significantly in the EU. Current transportation charges often do not reflect the true costs of infrastructure provision or congestion.
2) Ideal transportation cost charges would link fees to marginal costs, recover total infrastructure costs, and be transparent. Marginal cost pricing incentives reduce costs, while full cost recovery prevents subsidies.
3) Congestion arises when infrastructure exceeds capacity, wasting time for all users. Individuals only consider their own time losses, not those imposed on others, leading to overuse of infrastructure. Congestion charges can correct this market failure.
The document discusses a report by the NNFCC examining the potential for developing an advanced biofuels industry in the UK. The report aims to establish if there is a need for advanced biofuels in the UK by 2020, and investigate the potential costs and benefits of developing a UK advanced biofuels industry, including the revenue required to support the industry and costs of meeting renewable energy targets with advanced biofuels. The NNFCC analyzed biomass resources, renewable energy targets, impacts of biofuel blending, and potential expansion of first generation biofuels in the UK.
To stay competitive, airlines need fuel price stability and low carbon fuel. BioJet is a leading provider of sustainable jet fuel and integrates the entire supply chain from feedstock to offtake. BioJet owns millions of hectares for feedstock production and has technology and deals for refining. It has relationships with 250 airlines through IATA and is a major player in sustainability programs and the UN Global Compact. BioJet has projects worldwide and integrates regional funding for individual project finance.
This document summarizes a study on measuring and regulating carbon emissions from transportation. Transport emissions are the main contributor to growing emissions. The study developed a carbon measurement methodology, measured emissions within a European distribution network, and evaluated the impact of various regulatory scenarios. The results showed reductions are possible but opportunities remain limited by capacity, service constraints, and costs increasing with emissions reductions. Current regulations are not very effective at reducing emissions overall. More drastic changes are needed to meet emissions targets.
Financing the energy renovation of buildings in EUCristóbal TeBe
This document provides a final report on financing the energy renovation of buildings with Cohesion Policy funding. It was prepared for the European Commission by consultants. Key points covered include:
- An analysis of available Cohesion Policy funding opportunities for energy efficiency and renewable energy investments in buildings.
- Case studies of financial instruments supporting such investments in several EU member states.
- Recommendations to member states and managing authorities on how to design and implement effective support programs using Cohesion Policy funds.
The document discusses strategies for establishing credibility, ownership, and sustainability for the MENA Centre for Renewable Energy and Energy Efficiency (MCREEE). It outlines how the European Commission will articulate regional demand, create credibility through funding programs, develop ownership by involving countries in decision making, and manage sustainability by linking MCREEE to future renewable energy initiatives in the region.
This document outlines the methodology and key deliverables for Vietnam's National Target Program on Climate Change. It discusses establishing executive and implementing agencies, lessons from an inception phase, and a focus on mitigation and adaptation in the energy and transport sectors. Key outputs include technical working papers, climate modeling, GHG inventories and projections, adaptation and mitigation options, awareness campaigns, draft action plans, and pilot projects at the national and provincial levels.
This document discusses infrastructure costs and congestion in transportation. It makes three key points:
1) Infrastructure and congestion costs are increasing significantly in the EU. Current transportation charges often do not reflect the true costs of infrastructure provision or congestion.
2) Ideal transportation cost charges would link fees to marginal costs, recover total infrastructure costs, and be transparent. Marginal cost pricing incentives reduce costs, while full cost recovery prevents subsidies.
3) Congestion arises when infrastructure exceeds capacity, wasting time for all users. Individuals only consider their own time losses, not those imposed on others, leading to overuse of infrastructure. Congestion charges can correct this market failure.
The document discusses a report by the NNFCC examining the potential for developing an advanced biofuels industry in the UK. The report aims to establish if there is a need for advanced biofuels in the UK by 2020, and investigate the potential costs and benefits of developing a UK advanced biofuels industry, including the revenue required to support the industry and costs of meeting renewable energy targets with advanced biofuels. The NNFCC analyzed biomass resources, renewable energy targets, impacts of biofuel blending, and potential expansion of first generation biofuels in the UK.
To stay competitive, airlines need fuel price stability and low carbon fuel. BioJet is a leading provider of sustainable jet fuel and integrates the entire supply chain from feedstock to offtake. BioJet owns millions of hectares for feedstock production and has technology and deals for refining. It has relationships with 250 airlines through IATA and is a major player in sustainability programs and the UN Global Compact. BioJet has projects worldwide and integrates regional funding for individual project finance.
The document summarizes a study on the contribution of LIFE projects to the implementation and development of EU air quality policy from 2005-2011. It finds that most projects focused on preventing industrial pollution and developing monitoring and assessment tools early on. More recent projects emphasized transportation policies and urban planning, reflecting increased EU focus on livable cities. While many projects helped enact directives on air pollutants like NOx and particulate matter, awareness-raising received less attention. The majority of projects were in Italy, Spain, France and Germany, indicating opportunity for more widespread benefits across all member states.
Cost Benefit Analysis (CBA) has proven to be a useful tool to support the economic appraisal of important projects in many sectors. Recently, a single CBA method has been proposed at EU level to evaluate and compare electricity transmission and storage projects from different countries, which is unprecedented anywhere in the world.
The European Commission estimates that about €200 billion needs to be invested in electricity and gas infrastructure in order to achieve the 2020 energy and climate objectives. There is a risk that almost half of this expected investment will be too late or not at all. The Energy Infrastructure Package therefore establishes a process to identify Projects of Common Interest whose development will be accelerated. Projects of Common Interest will be selected based on a Cost Benefit Analysis method.
In a recent THINK report for the European Commission (DG Energy), we conclude that the Cost Benefit Analysis method that has been proposed by the European Network of Transmission System Operators for Electricity (ENTSO-E) at the end of 2012 is an important step in the right direction, but it is still possible to improve.
This document discusses improving climate mainstreaming in the EU budget. It outlines the 20% climate target for EU spending from 2014-2020 and examines how climate objectives are mainstreamed horizontally through major projects and public procurement. It analyzes how climate priorities are considered in decisions on program priorities and implementation. Options to strengthen the EU's approach to mainstreaming climate objectives are proposed, such as determining budgetary contributions to climate targets and improving reporting requirements to encourage broader mainstreaming.
The annual advisory board review discussed a project to develop an interface to quantify the impact of new technologies, operational techniques, and low-carbon fuels on NAS-wide CO2 emissions. The agenda included an overview of the team organization, project objectives to meet IATA's 2050 emission reduction goals, and methodology using a modeling tool. The tool would evaluate investments in efficient aircraft, NextGen operations, and low-carbon propulsion to determine the most effective strategies to reduce CO2 emissions across the NAS.
The document discusses the Railenergy project, an EU-funded initiative aimed at improving energy efficiency in the railway system. The project has 28 partners across Europe and aims to develop innovative solutions to reduce energy consumption and emissions from infrastructure, rolling stock, and train operation. Specifically, the project seeks to achieve a 6% reduction in the railway system's specific energy consumption by 2020. It takes an integrated approach, working on strategic, operational, and technical levels to identify and validate solutions that can improve energy efficiency throughout the rail network.
Introduction to the EU Emission Trading SystemLeonardo ENERGY
The EU ETS Directive is the centrepiece of the European Union’s climate policy. It has created the European Union’s Emissions Trading Scheme (EU ETS), which is a unique and quite com-plex system.
The EU ETS establishes a scheme for greenhouse gas emissions allowances trading within 31 European countries. Its functioning is based on a “cap and trade” principle, which sets a cap on the total amount of greenhouse gases that can be emitted by all participating installations. Within the cap, companies receive or buy emission allowances which they can trade with one another as needed.
Today, the EU ETS covers almost half of EU’s emissions and is part of the daily life of a large number of companies.
The EU ETS Directive represents the backbone of EU’s action against climate change, but it also works in combination with several other pieces of legislation in a delicate balance.
Our European system has very much evolved during the last 15 years. The existing legislation operates until 2020. It has set a greenhouse gas emissions reduction target in line with EU’s 2050 low carbon economy roadmap. The time has also come to discuss the post-2020 period and the European Commission will soon put forward a new proposal with a 2030 emissions reduction target.
Being the first one to have been setup, the European scheme is analysed and taken as exam-ple in other regions of the world where emissions trading starts being implemented.
This course aims at giving a presentation of the EU ETS Directive, the main features of the sys-tem, the balance with other pieces of EU legislation and at offering perspectives for the on-coming review of the scheme.
The EU ETS and global level playing field: the carbon leakage listLeonardo ENERGY
In the design of the European Union’s Emissions Trading Scheme (EU ETS) aiming at reducing greenhouse gas emissions in Europe in a cost-effective manner, the co-legislators introduced an element aimed at restoring global level playing field for the industrial sectors which would see their international competitiveness hampered by the additional costs brought by European policy. It was decided that sectors exposed to a high risk of carbon leakage would benefit from a certain amount of free allocation of emission allowances as long as their competitors outside of the EU are not subject to comparable policies.
The definition of “carbon leakage” itself is multifaceted and disputed. The system that has been built ad hoc at EU level is no less complex and burdensome. It has resulted in the elaboration of a series of eligibility steps, going from the periodic carbon leakage list through product-specific benchmarks to the application of a reduction factor aiming at keeping the level of emissions under the cap set in the Directive.
This course will look at this system from the legislative principles viewpoint as well as from the practical side based on past experience. It will also present some perspectives from the EU ETS review exercise launched in July 2015. Last but not least, it will revert back to the global perspective by observing the state of play in the aftermath of the COP21.
Capacity charging mechanism for shared CO2 transportation and storage infrast...Global CCS Institute
This webinar discussed capacity charging mechanisms for shared carbon dioxide (CO2) transportation and storage infrastructure. It covered four key parts:
1) Background on third party access and a hypothetical case study.
2) Statement of connection charges methodology with example calculations.
3) Statement of shared system charging methodology including different cost allocation options between charges.
4) Associated topics like allocating costs to multiple users depending on capacity.
The webinar explained how capacity charging mechanisms can influence the development of CCUS by affecting investment and use of shared infrastructure. Legal and regulatory frameworks were also noted as major influences on the design of these mechanisms.
This document provides an overview of an e-learning course on carbon footprint in the building sector. It begins with the European policy context around reducing greenhouse gas emissions from buildings. It then describes that the course will introduce life cycle assessment methodology and how it is used to calculate the carbon footprint indicator. The overall learning objective is to provide basic concepts about issues of greenhouse gas emissions from buildings in Europe, life cycle assessment methodology, and the carbon footprint indicator.
GHG emission reduction due to energy efficiency measures under climate policyIEA-ETSAP
This document summarizes the results of a study analyzing the impact of energy efficiency measures on greenhouse gas (GHG) emissions under different climate policy scenarios. The study used three energy-economic models, including TIAM-ECN, and focused on G20 countries through 2030. The results showed that energy efficiency measures could reduce global GHG emissions by 15-25% by 2050 in a cost-effective manner. Higher reductions occurred in the near-term (2020-2030). Energy efficiency in the power sector, industry and transport offered significant opportunities, especially in China, India, and the U.S. The models agreed that energy efficiency could offset cumulative emissions by 2-3 gigatons of CO2 equivalent by
Guest presentation Dr Chikage Miyoshi, April 2015.
www.cranfield.ac.uk/about/people-and-resources/academic-profiles/satm-ac-profile/dr-chikage-c-miyoshi.html
www.its.leeds.ac.uk/courses/masters/itslectureseries
This document describes the use of modeling to analyze options for reducing greenhouse gas (GHG) emissions and their economic impacts. It discusses an accounting model called OPE2RA that was used to study scenarios for reducing Belgium's GHG emissions by 80-95% by 2050 compared to 1990 levels. The model establishes historical emissions by sector, builds baseline and mitigation scenarios by identifying reduction opportunities in sectors like transport, buildings, agriculture, industry and energy production, and analyzes scenario impacts on emissions, costs, energy use and other indicators.
The European Strategic Energy Technology Plan (SET-Plan)Leonardo ENERGY
The European Strategic Energy Technology Plan (SET-Plan) aims to accelerate the development and deployment of low-carbon technologies. It seeks to improve new technologies and bring down costs by coordinating research and helping to finance projects. The SET-Plan promotes research and innovation efforts across Europe by supporting technologies with the greatest impact on the EU's transformation to a low-carbon energy system. It promotes cooperation amongst EU countries, companies, research institutions, and the EU itself.
The document discusses security of gas supply in the Energy Community. It notes that gas is expected to play an increased role in meeting electricity demand in the region. The legal framework for security of gas supply in the Energy Community is based on the Energy Community Treaty and relevant EU directives. An institutional framework has been established including a Security of Supply Coordination Group. Priority gas and electricity transmission corridors are identified that will require coordinated development among multiple contracting parties. The process for identifying Projects of Common Interest and establishing regulatory and financing frameworks to support their development is outlined. Adaptation of the EU framework to the Energy Community is proposed.
This document discusses carbon capture and storage (CCS) and the role of the Zero Emission Platform (ZEP) coalition in enabling widespread CCS deployment. ZEP aims to make CCS commercially available by 2020 by supporting the EU CCS demonstration program, developing CO2 storage and transport infrastructure, and conducting research. However, CCS deployment is threatened by a weak carbon price in the EU emissions trading system. ZEP is working to strengthen the business case for CCS and ensure successful demonstration projects and long-term deployment through knowledge sharing and recommendations to policymakers.
Watch the video accompanying these slides at http://www.policyexchange.org.uk/modevents/item/the-future-of-the-ets-in-europe-s-climate-strategy
Slides from the German Institute for Economic Research's Dr Karsten Neuhoff. Presented at Policy Exchange's event "The future of the ETS in Europe’s climate strategy"
Karl Letten, Paul Brockway, and Dr. Richard Bull from De Montfort University and Arup presented on moving beyond scope 1 and 2 emissions to address scope 3 emissions. They discussed the importance of measuring procurement emissions, DMU's experience using a tool called PROCO2 to measure procurement emissions, and next steps in engaging stakeholders and measuring other scope 3 categories. Staff engagement provided feedback on improving the PROCO2 tool and highlighted barriers to addressing scope 3 emissions.
This document summarizes a research seminar on performance benchmarking in transport and infrastructure regulation. The seminar discussed using econometric analysis and benchmarking to measure efficiency, define best practices, and study the impacts of reforms. Specifically:
- Econometric techniques allow benchmarking of firms against peers while accounting for multiple inputs and flexibility in cost structures. This provides a single efficiency measure.
- Studies have found 20-30% potential savings in European rail (except Britain) and 45% savings after British bus deregulation.
- A study for UK water regulator Ofwat found bills could fall 5% using benchmarking, tougher than companies wanted.
- Research on vertical separation in European rail found the
The document summarizes a study on the contribution of LIFE projects to the implementation and development of EU air quality policy from 2005-2011. It finds that most projects focused on preventing industrial pollution and developing monitoring and assessment tools early on. More recent projects emphasized transportation policies and urban planning, reflecting increased EU focus on livable cities. While many projects helped enact directives on air pollutants like NOx and particulate matter, awareness-raising received less attention. The majority of projects were in Italy, Spain, France and Germany, indicating opportunity for more widespread benefits across all member states.
Cost Benefit Analysis (CBA) has proven to be a useful tool to support the economic appraisal of important projects in many sectors. Recently, a single CBA method has been proposed at EU level to evaluate and compare electricity transmission and storage projects from different countries, which is unprecedented anywhere in the world.
The European Commission estimates that about €200 billion needs to be invested in electricity and gas infrastructure in order to achieve the 2020 energy and climate objectives. There is a risk that almost half of this expected investment will be too late or not at all. The Energy Infrastructure Package therefore establishes a process to identify Projects of Common Interest whose development will be accelerated. Projects of Common Interest will be selected based on a Cost Benefit Analysis method.
In a recent THINK report for the European Commission (DG Energy), we conclude that the Cost Benefit Analysis method that has been proposed by the European Network of Transmission System Operators for Electricity (ENTSO-E) at the end of 2012 is an important step in the right direction, but it is still possible to improve.
This document discusses improving climate mainstreaming in the EU budget. It outlines the 20% climate target for EU spending from 2014-2020 and examines how climate objectives are mainstreamed horizontally through major projects and public procurement. It analyzes how climate priorities are considered in decisions on program priorities and implementation. Options to strengthen the EU's approach to mainstreaming climate objectives are proposed, such as determining budgetary contributions to climate targets and improving reporting requirements to encourage broader mainstreaming.
The annual advisory board review discussed a project to develop an interface to quantify the impact of new technologies, operational techniques, and low-carbon fuels on NAS-wide CO2 emissions. The agenda included an overview of the team organization, project objectives to meet IATA's 2050 emission reduction goals, and methodology using a modeling tool. The tool would evaluate investments in efficient aircraft, NextGen operations, and low-carbon propulsion to determine the most effective strategies to reduce CO2 emissions across the NAS.
The document discusses the Railenergy project, an EU-funded initiative aimed at improving energy efficiency in the railway system. The project has 28 partners across Europe and aims to develop innovative solutions to reduce energy consumption and emissions from infrastructure, rolling stock, and train operation. Specifically, the project seeks to achieve a 6% reduction in the railway system's specific energy consumption by 2020. It takes an integrated approach, working on strategic, operational, and technical levels to identify and validate solutions that can improve energy efficiency throughout the rail network.
Introduction to the EU Emission Trading SystemLeonardo ENERGY
The EU ETS Directive is the centrepiece of the European Union’s climate policy. It has created the European Union’s Emissions Trading Scheme (EU ETS), which is a unique and quite com-plex system.
The EU ETS establishes a scheme for greenhouse gas emissions allowances trading within 31 European countries. Its functioning is based on a “cap and trade” principle, which sets a cap on the total amount of greenhouse gases that can be emitted by all participating installations. Within the cap, companies receive or buy emission allowances which they can trade with one another as needed.
Today, the EU ETS covers almost half of EU’s emissions and is part of the daily life of a large number of companies.
The EU ETS Directive represents the backbone of EU’s action against climate change, but it also works in combination with several other pieces of legislation in a delicate balance.
Our European system has very much evolved during the last 15 years. The existing legislation operates until 2020. It has set a greenhouse gas emissions reduction target in line with EU’s 2050 low carbon economy roadmap. The time has also come to discuss the post-2020 period and the European Commission will soon put forward a new proposal with a 2030 emissions reduction target.
Being the first one to have been setup, the European scheme is analysed and taken as exam-ple in other regions of the world where emissions trading starts being implemented.
This course aims at giving a presentation of the EU ETS Directive, the main features of the sys-tem, the balance with other pieces of EU legislation and at offering perspectives for the on-coming review of the scheme.
The EU ETS and global level playing field: the carbon leakage listLeonardo ENERGY
In the design of the European Union’s Emissions Trading Scheme (EU ETS) aiming at reducing greenhouse gas emissions in Europe in a cost-effective manner, the co-legislators introduced an element aimed at restoring global level playing field for the industrial sectors which would see their international competitiveness hampered by the additional costs brought by European policy. It was decided that sectors exposed to a high risk of carbon leakage would benefit from a certain amount of free allocation of emission allowances as long as their competitors outside of the EU are not subject to comparable policies.
The definition of “carbon leakage” itself is multifaceted and disputed. The system that has been built ad hoc at EU level is no less complex and burdensome. It has resulted in the elaboration of a series of eligibility steps, going from the periodic carbon leakage list through product-specific benchmarks to the application of a reduction factor aiming at keeping the level of emissions under the cap set in the Directive.
This course will look at this system from the legislative principles viewpoint as well as from the practical side based on past experience. It will also present some perspectives from the EU ETS review exercise launched in July 2015. Last but not least, it will revert back to the global perspective by observing the state of play in the aftermath of the COP21.
Capacity charging mechanism for shared CO2 transportation and storage infrast...Global CCS Institute
This webinar discussed capacity charging mechanisms for shared carbon dioxide (CO2) transportation and storage infrastructure. It covered four key parts:
1) Background on third party access and a hypothetical case study.
2) Statement of connection charges methodology with example calculations.
3) Statement of shared system charging methodology including different cost allocation options between charges.
4) Associated topics like allocating costs to multiple users depending on capacity.
The webinar explained how capacity charging mechanisms can influence the development of CCUS by affecting investment and use of shared infrastructure. Legal and regulatory frameworks were also noted as major influences on the design of these mechanisms.
This document provides an overview of an e-learning course on carbon footprint in the building sector. It begins with the European policy context around reducing greenhouse gas emissions from buildings. It then describes that the course will introduce life cycle assessment methodology and how it is used to calculate the carbon footprint indicator. The overall learning objective is to provide basic concepts about issues of greenhouse gas emissions from buildings in Europe, life cycle assessment methodology, and the carbon footprint indicator.
GHG emission reduction due to energy efficiency measures under climate policyIEA-ETSAP
This document summarizes the results of a study analyzing the impact of energy efficiency measures on greenhouse gas (GHG) emissions under different climate policy scenarios. The study used three energy-economic models, including TIAM-ECN, and focused on G20 countries through 2030. The results showed that energy efficiency measures could reduce global GHG emissions by 15-25% by 2050 in a cost-effective manner. Higher reductions occurred in the near-term (2020-2030). Energy efficiency in the power sector, industry and transport offered significant opportunities, especially in China, India, and the U.S. The models agreed that energy efficiency could offset cumulative emissions by 2-3 gigatons of CO2 equivalent by
Guest presentation Dr Chikage Miyoshi, April 2015.
www.cranfield.ac.uk/about/people-and-resources/academic-profiles/satm-ac-profile/dr-chikage-c-miyoshi.html
www.its.leeds.ac.uk/courses/masters/itslectureseries
This document describes the use of modeling to analyze options for reducing greenhouse gas (GHG) emissions and their economic impacts. It discusses an accounting model called OPE2RA that was used to study scenarios for reducing Belgium's GHG emissions by 80-95% by 2050 compared to 1990 levels. The model establishes historical emissions by sector, builds baseline and mitigation scenarios by identifying reduction opportunities in sectors like transport, buildings, agriculture, industry and energy production, and analyzes scenario impacts on emissions, costs, energy use and other indicators.
The European Strategic Energy Technology Plan (SET-Plan)Leonardo ENERGY
The European Strategic Energy Technology Plan (SET-Plan) aims to accelerate the development and deployment of low-carbon technologies. It seeks to improve new technologies and bring down costs by coordinating research and helping to finance projects. The SET-Plan promotes research and innovation efforts across Europe by supporting technologies with the greatest impact on the EU's transformation to a low-carbon energy system. It promotes cooperation amongst EU countries, companies, research institutions, and the EU itself.
The document discusses security of gas supply in the Energy Community. It notes that gas is expected to play an increased role in meeting electricity demand in the region. The legal framework for security of gas supply in the Energy Community is based on the Energy Community Treaty and relevant EU directives. An institutional framework has been established including a Security of Supply Coordination Group. Priority gas and electricity transmission corridors are identified that will require coordinated development among multiple contracting parties. The process for identifying Projects of Common Interest and establishing regulatory and financing frameworks to support their development is outlined. Adaptation of the EU framework to the Energy Community is proposed.
This document discusses carbon capture and storage (CCS) and the role of the Zero Emission Platform (ZEP) coalition in enabling widespread CCS deployment. ZEP aims to make CCS commercially available by 2020 by supporting the EU CCS demonstration program, developing CO2 storage and transport infrastructure, and conducting research. However, CCS deployment is threatened by a weak carbon price in the EU emissions trading system. ZEP is working to strengthen the business case for CCS and ensure successful demonstration projects and long-term deployment through knowledge sharing and recommendations to policymakers.
Watch the video accompanying these slides at http://www.policyexchange.org.uk/modevents/item/the-future-of-the-ets-in-europe-s-climate-strategy
Slides from the German Institute for Economic Research's Dr Karsten Neuhoff. Presented at Policy Exchange's event "The future of the ETS in Europe’s climate strategy"
Karl Letten, Paul Brockway, and Dr. Richard Bull from De Montfort University and Arup presented on moving beyond scope 1 and 2 emissions to address scope 3 emissions. They discussed the importance of measuring procurement emissions, DMU's experience using a tool called PROCO2 to measure procurement emissions, and next steps in engaging stakeholders and measuring other scope 3 categories. Staff engagement provided feedback on improving the PROCO2 tool and highlighted barriers to addressing scope 3 emissions.
This document summarizes a research seminar on performance benchmarking in transport and infrastructure regulation. The seminar discussed using econometric analysis and benchmarking to measure efficiency, define best practices, and study the impacts of reforms. Specifically:
- Econometric techniques allow benchmarking of firms against peers while accounting for multiple inputs and flexibility in cost structures. This provides a single efficiency measure.
- Studies have found 20-30% potential savings in European rail (except Britain) and 45% savings after British bus deregulation.
- A study for UK water regulator Ofwat found bills could fall 5% using benchmarking, tougher than companies wanted.
- Research on vertical separation in European rail found the
Similar to HEC - A&A Major - EU ETS Impact Analysis (20)
For the full video of this presentation, please visit: https://www.edge-ai-vision.com/2024/06/how-axelera-ai-uses-digital-compute-in-memory-to-deliver-fast-and-energy-efficient-computer-vision-a-presentation-from-axelera-ai/
Bram Verhoef, Head of Machine Learning at Axelera AI, presents the “How Axelera AI Uses Digital Compute-in-memory to Deliver Fast and Energy-efficient Computer Vision” tutorial at the May 2024 Embedded Vision Summit.
As artificial intelligence inference transitions from cloud environments to edge locations, computer vision applications achieve heightened responsiveness, reliability and privacy. This migration, however, introduces the challenge of operating within the stringent confines of resource constraints typical at the edge, including small form factors, low energy budgets and diminished memory and computational capacities. Axelera AI addresses these challenges through an innovative approach of performing digital computations within memory itself. This technique facilitates the realization of high-performance, energy-efficient and cost-effective computer vision capabilities at the thin and thick edge, extending the frontier of what is achievable with current technologies.
In this presentation, Verhoef unveils his company’s pioneering chip technology and demonstrates its capacity to deliver exceptional frames-per-second performance across a range of standard computer vision networks typical of applications in security, surveillance and the industrial sector. This shows that advanced computer vision can be accessible and efficient, even at the very edge of our technological ecosystem.
What is an RPA CoE? Session 1 – CoE VisionDianaGray10
In the first session, we will review the organization's vision and how this has an impact on the COE Structure.
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• How do the organization’s priorities determine CoE Structure?
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For the full video of this presentation, please visit: https://www.edge-ai-vision.com/2024/06/temporal-event-neural-networks-a-more-efficient-alternative-to-the-transformer-a-presentation-from-brainchip/
Chris Jones, Director of Product Management at BrainChip , presents the “Temporal Event Neural Networks: A More Efficient Alternative to the Transformer” tutorial at the May 2024 Embedded Vision Summit.
The expansion of AI services necessitates enhanced computational capabilities on edge devices. Temporal Event Neural Networks (TENNs), developed by BrainChip, represent a novel and highly efficient state-space network. TENNs demonstrate exceptional proficiency in handling multi-dimensional streaming data, facilitating advancements in object detection, action recognition, speech enhancement and language model/sequence generation. Through the utilization of polynomial-based continuous convolutions, TENNs streamline models, expedite training processes and significantly diminish memory requirements, achieving notable reductions of up to 50x in parameters and 5,000x in energy consumption compared to prevailing methodologies like transformers.
Integration with BrainChip’s Akida neuromorphic hardware IP further enhances TENNs’ capabilities, enabling the realization of highly capable, portable and passively cooled edge devices. This presentation delves into the technical innovations underlying TENNs, presents real-world benchmarks, and elucidates how this cutting-edge approach is positioned to revolutionize edge AI across diverse applications.
Your One-Stop Shop for Python Success: Top 10 US Python Development Providersakankshawande
Simplify your search for a reliable Python development partner! This list presents the top 10 trusted US providers offering comprehensive Python development services, ensuring your project's success from conception to completion.
Connector Corner: Seamlessly power UiPath Apps, GenAI with prebuilt connectorsDianaGray10
Join us to learn how UiPath Apps can directly and easily interact with prebuilt connectors via Integration Service--including Salesforce, ServiceNow, Open GenAI, and more.
The best part is you can achieve this without building a custom workflow! Say goodbye to the hassle of using separate automations to call APIs. By seamlessly integrating within App Studio, you can now easily streamline your workflow, while gaining direct access to our Connector Catalog of popular applications.
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Digital Banking in the Cloud: How Citizens Bank Unlocked Their MainframePrecisely
Inconsistent user experience and siloed data, high costs, and changing customer expectations – Citizens Bank was experiencing these challenges while it was attempting to deliver a superior digital banking experience for its clients. Its core banking applications run on the mainframe and Citizens was using legacy utilities to get the critical mainframe data to feed customer-facing channels, like call centers, web, and mobile. Ultimately, this led to higher operating costs (MIPS), delayed response times, and longer time to market.
Ever-changing customer expectations demand more modern digital experiences, and the bank needed to find a solution that could provide real-time data to its customer channels with low latency and operating costs. Join this session to learn how Citizens is leveraging Precisely to replicate mainframe data to its customer channels and deliver on their “modern digital bank” experiences.
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HEC - A&A Major - EU ETS Impact Analysis
1. EXECUTIVE EDUCATION
EU ETS impacts on Airlines’ business
model
HEC – Advanced Certificate in Aviation & Aerospace
Pierre Bontems, Johann Panier, Franco Lanza,
Jorge Caro, Julien Gebel
2. EXECUTIVE
Agenda
EDUCATION
• Introduction: context & scope
– History: climate change & path towards “green aviation”
– Scope of the study and approach overview
• EU ETS applied to aviation overview
• EU ETS impacts analysis
– The airlines’ business model framework
– Impacts identification & overview
• Way forward: possible airlines strategy
– A 3-stream strategy to face EU ETS challenges
– Zoom on Stream 1: Direct transfer to customer
– Zoom on Stream 2: Structural changes implementation
– Team 1 recommendations
• Latest developments
• Q&A
2
3. EXECUTIVE
Agenda
EDUCATION
• Introduction: context & scope
– History: climate change & path towards “green aviation”
– Scope of the study and approach overview
• EU ETS applied to aviation overview
• EU ETS impacts analysis
– The airlines’ business model framework
– Impacts identification & overview
• Way forward: possible airlines strategy
– A 3-stream strategy to face EU ETS challenges
– Zoom on Stream 1: Direct transfer to customer
– Zoom on Stream 2: Structural changes implementation
– Team 1 recommendations
• Latest developments
• Q&A
3
4. Introduction: context & scope
EXECUTIVE
EDUCATION
History: climate change & path towards “green aviation”
ETS to Aviation
2008
Time
1992 1997 2007 2009 2012 2020
“Earth Summit” Kyoto “20-20-20” Copenhagen
Kyoto Protocol
EU Climate & Energy Package
Aviation accounts for only 2%
of total global CO2 emissions,
but these emissions have
increased by 87% since 1990
• The climate change is not a new concept: first alarms were raised in the early 60’s
• In 2007, the EU endorse the “Climate & Energy Package” having aggressive targets regarding
emissions reduction. The EU ETS is one of the enablers used to reach the targets
• In 2008, the EU has decided to impose a cap on CO2 emissions to aviation, leveraging on EU ETS
mechanism
4
5. Introduction: context & scope
EXECUTIVE
EDUCATION
Scope of study and approach overview
• Study objective is the analysis of the EU ETS impact on major European PAX airlines’ business
model
• To reach this objective, a 3-step approach has been used, going from the understanding of the EU
ETS mechanism towards the presentation of possible airlines’ strategic answer
• Information gathering has been performed through research and stakeholders’ interviews
5
6. EXECUTIVE
Agenda
EDUCATION
• Introduction: context & scope
– History: climate change & path towards “green aviation”
– Scope of the study and approach overview
• EU ETS applied to aviation overview
• EU ETS impacts analysis
– The airlines’ business model framework
– Impacts identification & overview
• Way forward: possible airlines strategy
– A 3-stream strategy to face EU ETS challenges
– Zoom on Stream 1: Direct transfer to customer
– Zoom on Stream 2: Structural changes implementation
– Team 1 recommendations
• Latest developments
• Q&A
6
7. EU ETS Overview
EXECUTIVE
EDUCATION
Overview of EU ETS applied to aviation
Item Description
Item #1 The maximum allowed industry CO2 emission is determined based on the average fuel consumption 2004-2006 on all flights to and from
Europe
Item #2 The industry emission allowance (“cap”) is allocated among airlines by means of emission rights, based on their 2010 RTK share. The free
allowance benchmark should be published by 30th September 2011
Item #3 The start of the ETS is set at 1st of January 2012
Item #4 The number of aviation allowance to be created in 2012 is equal to 97% of 2004-2006 historic aviation emission (around 213 MT) and 95% of
2004-2006 historic aviation emission in 2013 (around 208 MT).
Item #5 82% of the cap will be offered as allowed free emissions until 2020. The remaining 3% will be allocated to a reserve for fast growing airlines
and new entrant to the market
Item #6 15% of the cap will be provided by auctioning
Item #7 For all emission exceeding the cap, emission rights have to be purchased on the market (CDM / JI / Airline industry / Other sectors)
Sources: Scheme is property of Mr. Albano, Head of Environment within Air France 7
8. EXECUTIVE
Agenda
EDUCATION
• Introduction: context & scope
– History: climate change & path towards “green aviation”
– Scope of the study and approach overview
• EU ETS applied to aviation overview
• EU ETS impacts analysis
– The airlines’ business model framework
– Impacts identification & overview
• Way forward: possible airlines strategy
– A 3-stream strategy to face EU ETS challenges
– Zoom on Stream 1: Direct transfer to customer
– Zoom on Stream 2: Structural changes implementation
– Team 1 recommendations
• Latest developments
• Q&A
8
9. EU ETS Impact Analysis
EXECUTIVE
EDUCATION
The airlines’ business model framework
• A business model can be defined as a tool used to describe the rationale of how an organization
creates, delivers and captures value
• Proposed business model framework provides a structured way to represent the core aspects of
the airline business, from a high level perspective
9
10. EU ETS Impact Analysis
EXECUTIVE
EDUCATION
Impacts identification & overview
• Interviews and research activity show that implementation of EU ETS induces several changes that
have been mapped on proposed airline business model framework
• Impacted areas are “Key Partners”, “Key Resources”, “ Activities & Value Proposition”, “Cost
Structure”, and “Revenue Structure”
10
11. EU ETS Impact Analysis
EXECUTIVE
EDUCATION
Impacts identification & overview
Area #1 – Key Partners Area #4 – Activities & Value
• Setup of new Joint Proposition
Ventures or Partnerships • Distortion of traffic and
• Increased collaboration carbon leakage
between Airports and • Change on airline
Ground Suppliers geographic coverage
coming from the
optimization of network
structure
Area #2 – Key Resources
• Optimized fleet
management to match
resource & requirement
• Fuel efficiency, biofuels,
and other alternative
energies
• Airport slots usage
optimization
Area #3 – Cost Structure Area #5 – Revenue Structure
• Increasing aircraft unitary cost • Additional revenues generated from the
• New charges as “Emission Allowance increase of PAX ticket prices
Acquisition”, “MRV & Trading costs”, and • Additional revenues coming from on-board
“Non compliance penalties” services
• Missed revenues due to increase competition
from non-EU airlines and traffic distortions
11
12. EXECUTIVE
Agenda
EDUCATION
• Introduction: context & scope
– History: climate change & path towards “green aviation”
– Scope of the study and approach overview
• EU ETS applied to aviation overview
• EU ETS impacts analysis
– The airlines’ business model framework
– Impacts identification & overview
• Way forward: possible airlines strategy
– A 3-stream strategy to face EU ETS challenges
– Zoom on Stream 1: Direct transfer to customer
– Zoom on Stream 2: Structural changes implementation
– Team 1 recommendations
• Latest developments
• Q&A
12
13. Way forward: possible airlines strategy
EXECUTIVE
EDUCATION
A 3-stream strategy to face EU ETS challenges
• Based on analysis results, Major European airlines will probably launch three different
streams of actions in order to mitigate the EU ETS implementation impacts:
• The stream 1 “Direct Transfer To Customer” corresponds to a short-term solution to face EU ETS
challenge
• The stream 2 “Structural Changes Implementation” aims at, on medium-term, mitigating the risk
related to revenue leakage due to air travel price increase
• The stream 3 “EU ETS principles generalization” aims at ensuring long-term sustainability
13
14. Way forward: possible airlines strategy
EXECUTIVE
EDUCATION
Zoom on Stream 1: Direct transfer to customer
• Major European airlines will most probably transfer directly the EU ETS-related costs on the
customer
• As, as of today, carbon represent a very low portion of airlines’ costs (compared to fuel), the
price increase will not be perceived by the customer on the short term
• Thus, a clear understating of air travel price elasticity of demand is required
• it appears clearly that cost retransfer to customer
must be focused in priority on business travelers
(“Long-haul international business” and
“Short-haul business”) as the demand is less
elastic to price
• As carbon represents low portion of costs compared to fuel, airlines will consider transferring EU
ETS costs to customers
• Analysis of price elasticity of demand allow better targeting of customer segments to be charged
• This retransfer of costs must not be considered as definitive as air travel price will increase with
carbon costs and customers will start looking for alternative solutions
Sources: Department of Finance Canada: “Air Travel Demand Elasticities: Concepts, Issues and Measurement” 14
15. Way forward: possible airlines strategy
EXECUTIVE
EDUCATION
Zoom on Stream 2: Structural changes implementation
• On the medium term, to mitigate the risk related to revenue leakage due to air travel price
increase, major European airlines will have to identify and launch key programs:
• Based on the detailed analysis of the impacts performed in the previous sections, the following
three categories of actions can be considered by major European airlines:
Actions related to carbon reduction
Actions related to carbon compensation
Other actions
15
16. Way forward: possible airlines strategy
EXECUTIVE
EDUCATION
Team 1 recommendations
• Mitigation actions can be mapped on the below quadrant after quick qualitative analysis:
• European airlines must address EU ETS considering cost retransfer (short-term) , “quick wins” &
“must dos” (medium-term)
• European airlines must work closely with international organizations to ensure that EU ETS
mechanism (or equivalent) is agreed and applied globally for long-term sustainability
• Overall industry must require transparency on the way funds from carbon credits are used
(invested in R&T projects that will benefit to the industry)
16
17. EXECUTIVE
Agenda
EDUCATION
• Introduction: context & scope
– History: climate change & path towards “green aviation”
– Scope of the study and approach overview
• EU ETS applied to aviation overview
• EU ETS impacts analysis
– The airlines’ business model framework
– Impacts identification & overview
• Way forward: possible airlines strategy
– A 3-stream strategy to face EU ETS challenges
– Zoom on Stream 1: Direct transfer to customer
– Zoom on Stream 2: Structural changes implementation
– Team 1 recommendations
• Latest developments
• Q&A
17
18. EXECUTIVE
Latest development
EDUCATION
European Level
• The EU ETS is fully compatible with international law, response issued by the EU highest
court on the 6th of October 2011: no breach of sovereignty, no discrimination
The train is on its rail and will not move, according to Mr. Haas (EU)
Worldwide
• Airlines are urging the Federal Aviation Administration to accelerate the use of on-board
satellite-based for benefits of air-traffic control in order trim fuel costs, reduce pollution
and alleviate airport congestion
• NASA launched a prize for an electric plane capable of a 7000 miles range at mach 0,85,
target : 2025
• Air France launched its first eco flight with 50% biofuel from Paris to Toulouse
Changes in the industry seem to happened
18
19. EXECUTIVE
Agenda
EDUCATION
• Introduction: context & scope
– History: climate change & path towards “green aviation”
– Scope of the study and approach overview
• EU ETS applied to aviation overview
• EU ETS impacts analysis
– The airlines’ business model framework
– Impacts identification & overview
• Way forward: possible airlines strategy
– A 3-stream strategy to face EU ETS challenges
– Zoom on Stream 1: Direct transfer to customer
– Zoom on Stream 2: Structural changes implementation
– Team 1 recommendations
• Latest developments
• Q&A
19
20. EXECUTIVE
Q&A
EDUCATION
Thank You!
EU ETS impacts on Airlines’ business
model
HEC – Advanced Certificate in Aviation & Aerospace
Pierre Bontems, Johann Panier, Franco Lanza, Jorge Caro, Julien Gebel
20