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Eric Keogh, Director
Impact Global Emission Solutions Ltd (IGES).
18.11.2016
How Climate Change and Air Pollution are
Shaping the Future of Business?
Eric Keogh
Director of Impact Global Emission Solutions Ltd.
Eric Keogh is a world-leading expert on sustainable transport, air pollution and combustion science.
He specialises in methodologies and technologies for Monitoring, Reporting and Verification (MRV)
of transport emissions, climate change mitigation, air quality improvement and economic co-benefit
analysis.
Contact Information
0800 690 6841
projects@impactglobalemissionsolutions.com
www.impactglobalemissionsolutions.com
linkedin.com/Eric.Keogh
twitter.com/Eric.Keogh1
Outline
Copyright 2016, Impact Global Emission Solutions Ltd. All rights reserved
➼ Introduction
➼ What are CO2, SLCPs and air pollutants?
➼ The cost of CO2 and airpollution
➼ Business opportunities – operationalcost
reductions, co-benefits and investment
opportunities
➼ Summary
Introduction
➼ Air pollution is a global pandemic killing over 7
million people a year globally
➼ Climate change is increasingly impacting people,
environment and the world economy
➼ Regulators, financiers and international
organisations are calling for action to tackle both
➼ Triple bottom line for business,
people and environment
Copyright 2016, Impact Global Emission Solutions Ltd. All rights reserved
What are CO2, SLCPs and Air Pollutants?
Copyright 2016, Impact Global Emission Solutions Ltd. All rights reserved
CO2 – Carbon Dioxide
Copyright 2016, Impact Global Emission Solutions Ltd. All rights reserved
➼ The most “notorious” greenhouse gas
➼ Adverse effects on global climate change
➼ Atmospheric concentrations at critical levels
➼ Mitigation actions now mandatory under the Paris
Agreement
1 Ton of Transport CO2 =
➼ 379 Litres ofdiesel
➼ £450 per ton atpumps
➼ Duty andtax?
➼ + Economicdamage
cost of damage per ton
Copyright 2016, Impact Global Emission Solutions Ltd. All rights reserved
Short-Lived Climate Pollutants
Copyright 2016, Impact Global Emission Solutions Ltd. All rights reserved
➼ Precursors to CO2 not yet fully oxidised to CO2
➼ Significant Global Warming Potential (GWP):
› Black carbon (PM 10, 2.5 and smaller) GWP up to 3200
times that of CO2
› Methane (CH4) 28 times GWP of CO2
› NO & NO2 – Precursors to troposphericozone
› Hydroflurocarbons (HFCs) varying GWP - phasing out
begins in 2019
SLCPs Effect on Global Climate Change
SLCPs account for nearly
half of all global climate-
forcing emissions
SLCPs 45%
CO2 55%
Source: IGSD, 2013: 10
Copyright Impact Global emission Solutions Ltd. 2016 All Rights reserved
Air Pollutants
➼ 87% of the world’s population lived in areas that
exceeded WHO air quality guidelines in 2013
➼ Pollutants include: NOx, PM, nanoparticles, CO, NH3,
SOx, HC VOCs, PAHs, Benzene, Formaldehyde,
Acetaldehyde and many more
➼ Adverse health effects, such as: cancer, respiratory and
cardiovascular disease, neural development
➼ Negative impacts on environment, biodiversity and
agricultural yields
Copyright 2016, Impact Global Emission Solutions Ltd. All rights reserved
Source: UNICEF, 2016
Projected Increase in Outdoor Air Pollution
2010-2060
Source: OECD, 2016
Copyright 2016, Impact Global Emission Solutions Ltd. All rights reserved
The Costs of Climate Change and
Air Pollution
Copyright 2016, Impact Global Emission Solutions Ltd. All rights reserved
Costs of CO2
Copyright 2016, Impact Global Emission Solutions Ltd. All rights reserved
➼ Since 1990s, growing trend of pricing carbon in efforts
to mitigate climate change
➼ Taxes and emission trading schemes are the most
popular policy instruments to achieve this
➼ Carbon prices today range from under US$1 to US$
131 (Swedish carbon tax)
➼ The social cost of carbon – damage caused by an
increase of 1 ton of CO2 emissions may be as high as
(or higher than) US$212/ ton CO2 in 2050
Costs of Air Pollution
Copyright 2016, Impact Global Emission Solutions Ltd. All rights reserved
➼ Exposure to air pollution cost the world’s economy US$
5.11 trillion in 2013 in welfare losses
➼ Amounted to 7.5% of GDP in some regions
➼ US$ 225 billion/year – cost of premature deaths
caused by air pollution in foregone labour income
➼ Without robust action these costs will rise, causing
severe economic, environmental and welfare losses
Welfare Losses from Air Pollution
Welfare losses from ambient PM2.5 and household air pollution in low and
middle income countries, 1990-2013. Source, World Bank, 2016
Air Pollution – Cost per Ton PM & NOx
PM Costs
NOx Costs
Economic damage costs - mortality and morbidity, excluding environmental
damages, London. Source: DEFRA, 2015
The Cost of Cheating – Dieselgate
➼ VW emission scandal – US$ 20 billion in legal
liabilities in U.S alone. These may rise due to new
cases – over 100 countries & 1000s of law suits
➼ 45,000 life years lost to date in Europe and US
➼ Value of lives lost – US$ 35 billion, could rise up to
US$ 102 billion if faulty cars not taken off road
➼ Q: Would you invest in VW?
Copyright 2016, Impact Global Emission Solutions Ltd. All rights reserved
Potential Liabilities
Copyright 2016, Impact Global Emission Solutions Ltd. All rights reserved
➼ Legal action against countries & companies failing
to take action on climate change and air pollution
› UK government loses court case on air pollution
› Exxon Mobil being sued over climate change
➼ Potentially stranded assets in light of global action
on climate and air pollution
➼ Public opinion and CSR
➼ Rising insurance costs and liabilities
Opportunities for your Business
Copyright 2016, Impact Global Emission Solutions Ltd. All rights reserved
Operational Costs Reduction
Copyright 2016, Impact Global Emission Solutions Ltd. All rights reserved
➼ Circular economy = circular business
➼ Energy reduction (air pollution is wasted energy) and
energy efficiency
➼ Improved net profit
➼ Increased productivity
➼ Enhanced branding and public image
➼ Better governance = improved investability!
Co-Benefits of Reducing Emissions
Copyright 2016, Impact Global Emission Solutions Ltd. All rights reserved
➼ Economic and Environmental – It’s your planet also … it’s
your legacy
➼ Reduced exposure to potential liabilities and stranded
assets – Dieselgate etc.
➼ Importance of real-world monitoring and reporting – ALL
POLLUTANTS not just CO2
➼ Improved corporate governance
➼ Welfare & health cost reductions
➼ Environmental protection and climate change mitigation
Investment Opportunities
Copyright 2016, Impact Global Emission Solutions Ltd. All rights reserved
➼ Socially and environmentally responsible ethical
investment
➼ Excellent ROI and yields – growth market
➼ Green bonds - certified and verified
➼ Invest In yourselves? Green Corporate Bonds?
➼ Invest in low carbon innovation
➼ Carbon markets and combined offsetting from bonds
Summary
Copyright 2016, Impact Global Emission Solutions Ltd. All rights reserved
➼ Reducing CO2 = Reducing OPEX = $£
➼ CAPEX can be funded and emission reductions certified
➼ Excellent ROI!
➼ There is smoke without fire – it’s called air pollution!
➼ Reducing emissions of greenhouse gases and air
pollutants makes sense for your business, health and
the future of the planet
ISO 14001 Training Courses
 ISO 14001 Introduction
1 Day Course
 ISO 14001 Foundation
2 Days Course
 ISO 14001 Lead Implementer
5 Days Course
 ISO 14001 Lead Auditor
5 Days Course
Exam and certification fees are included in the training price.
https://pecb.com/iso-14001-training-courses | www.pecb.com/events
THANK YOU
?
0800 690 6841
projects@impactglobalemissionsolutions.com
www.impactglobalemissionsolutions.com
linkedin.com/Eric.Keogh
twitter.com/Eric.Keogh1

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How Climate Change is shaping the Future of Business?

  • 1. Eric Keogh, Director Impact Global Emission Solutions Ltd (IGES). 18.11.2016 How Climate Change and Air Pollution are Shaping the Future of Business?
  • 2. Eric Keogh Director of Impact Global Emission Solutions Ltd. Eric Keogh is a world-leading expert on sustainable transport, air pollution and combustion science. He specialises in methodologies and technologies for Monitoring, Reporting and Verification (MRV) of transport emissions, climate change mitigation, air quality improvement and economic co-benefit analysis. Contact Information 0800 690 6841 projects@impactglobalemissionsolutions.com www.impactglobalemissionsolutions.com linkedin.com/Eric.Keogh twitter.com/Eric.Keogh1
  • 3. Outline Copyright 2016, Impact Global Emission Solutions Ltd. All rights reserved ➼ Introduction ➼ What are CO2, SLCPs and air pollutants? ➼ The cost of CO2 and airpollution ➼ Business opportunities – operationalcost reductions, co-benefits and investment opportunities ➼ Summary
  • 4. Introduction ➼ Air pollution is a global pandemic killing over 7 million people a year globally ➼ Climate change is increasingly impacting people, environment and the world economy ➼ Regulators, financiers and international organisations are calling for action to tackle both ➼ Triple bottom line for business, people and environment Copyright 2016, Impact Global Emission Solutions Ltd. All rights reserved
  • 5. What are CO2, SLCPs and Air Pollutants? Copyright 2016, Impact Global Emission Solutions Ltd. All rights reserved
  • 6. CO2 – Carbon Dioxide Copyright 2016, Impact Global Emission Solutions Ltd. All rights reserved ➼ The most “notorious” greenhouse gas ➼ Adverse effects on global climate change ➼ Atmospheric concentrations at critical levels ➼ Mitigation actions now mandatory under the Paris Agreement
  • 7. 1 Ton of Transport CO2 = ➼ 379 Litres ofdiesel ➼ £450 per ton atpumps ➼ Duty andtax? ➼ + Economicdamage cost of damage per ton Copyright 2016, Impact Global Emission Solutions Ltd. All rights reserved
  • 8. Short-Lived Climate Pollutants Copyright 2016, Impact Global Emission Solutions Ltd. All rights reserved ➼ Precursors to CO2 not yet fully oxidised to CO2 ➼ Significant Global Warming Potential (GWP): › Black carbon (PM 10, 2.5 and smaller) GWP up to 3200 times that of CO2 › Methane (CH4) 28 times GWP of CO2 › NO & NO2 – Precursors to troposphericozone › Hydroflurocarbons (HFCs) varying GWP - phasing out begins in 2019
  • 9. SLCPs Effect on Global Climate Change SLCPs account for nearly half of all global climate- forcing emissions SLCPs 45% CO2 55% Source: IGSD, 2013: 10 Copyright Impact Global emission Solutions Ltd. 2016 All Rights reserved
  • 10. Air Pollutants ➼ 87% of the world’s population lived in areas that exceeded WHO air quality guidelines in 2013 ➼ Pollutants include: NOx, PM, nanoparticles, CO, NH3, SOx, HC VOCs, PAHs, Benzene, Formaldehyde, Acetaldehyde and many more ➼ Adverse health effects, such as: cancer, respiratory and cardiovascular disease, neural development ➼ Negative impacts on environment, biodiversity and agricultural yields Copyright 2016, Impact Global Emission Solutions Ltd. All rights reserved
  • 12. Projected Increase in Outdoor Air Pollution 2010-2060 Source: OECD, 2016 Copyright 2016, Impact Global Emission Solutions Ltd. All rights reserved
  • 13. The Costs of Climate Change and Air Pollution Copyright 2016, Impact Global Emission Solutions Ltd. All rights reserved
  • 14. Costs of CO2 Copyright 2016, Impact Global Emission Solutions Ltd. All rights reserved ➼ Since 1990s, growing trend of pricing carbon in efforts to mitigate climate change ➼ Taxes and emission trading schemes are the most popular policy instruments to achieve this ➼ Carbon prices today range from under US$1 to US$ 131 (Swedish carbon tax) ➼ The social cost of carbon – damage caused by an increase of 1 ton of CO2 emissions may be as high as (or higher than) US$212/ ton CO2 in 2050
  • 15. Costs of Air Pollution Copyright 2016, Impact Global Emission Solutions Ltd. All rights reserved ➼ Exposure to air pollution cost the world’s economy US$ 5.11 trillion in 2013 in welfare losses ➼ Amounted to 7.5% of GDP in some regions ➼ US$ 225 billion/year – cost of premature deaths caused by air pollution in foregone labour income ➼ Without robust action these costs will rise, causing severe economic, environmental and welfare losses
  • 16. Welfare Losses from Air Pollution Welfare losses from ambient PM2.5 and household air pollution in low and middle income countries, 1990-2013. Source, World Bank, 2016
  • 17. Air Pollution – Cost per Ton PM & NOx PM Costs NOx Costs Economic damage costs - mortality and morbidity, excluding environmental damages, London. Source: DEFRA, 2015
  • 18. The Cost of Cheating – Dieselgate ➼ VW emission scandal – US$ 20 billion in legal liabilities in U.S alone. These may rise due to new cases – over 100 countries & 1000s of law suits ➼ 45,000 life years lost to date in Europe and US ➼ Value of lives lost – US$ 35 billion, could rise up to US$ 102 billion if faulty cars not taken off road ➼ Q: Would you invest in VW? Copyright 2016, Impact Global Emission Solutions Ltd. All rights reserved
  • 19. Potential Liabilities Copyright 2016, Impact Global Emission Solutions Ltd. All rights reserved ➼ Legal action against countries & companies failing to take action on climate change and air pollution › UK government loses court case on air pollution › Exxon Mobil being sued over climate change ➼ Potentially stranded assets in light of global action on climate and air pollution ➼ Public opinion and CSR ➼ Rising insurance costs and liabilities
  • 20. Opportunities for your Business Copyright 2016, Impact Global Emission Solutions Ltd. All rights reserved
  • 21. Operational Costs Reduction Copyright 2016, Impact Global Emission Solutions Ltd. All rights reserved ➼ Circular economy = circular business ➼ Energy reduction (air pollution is wasted energy) and energy efficiency ➼ Improved net profit ➼ Increased productivity ➼ Enhanced branding and public image ➼ Better governance = improved investability!
  • 22. Co-Benefits of Reducing Emissions Copyright 2016, Impact Global Emission Solutions Ltd. All rights reserved ➼ Economic and Environmental – It’s your planet also … it’s your legacy ➼ Reduced exposure to potential liabilities and stranded assets – Dieselgate etc. ➼ Importance of real-world monitoring and reporting – ALL POLLUTANTS not just CO2 ➼ Improved corporate governance ➼ Welfare & health cost reductions ➼ Environmental protection and climate change mitigation
  • 23. Investment Opportunities Copyright 2016, Impact Global Emission Solutions Ltd. All rights reserved ➼ Socially and environmentally responsible ethical investment ➼ Excellent ROI and yields – growth market ➼ Green bonds - certified and verified ➼ Invest In yourselves? Green Corporate Bonds? ➼ Invest in low carbon innovation ➼ Carbon markets and combined offsetting from bonds
  • 24. Summary Copyright 2016, Impact Global Emission Solutions Ltd. All rights reserved ➼ Reducing CO2 = Reducing OPEX = $£ ➼ CAPEX can be funded and emission reductions certified ➼ Excellent ROI! ➼ There is smoke without fire – it’s called air pollution! ➼ Reducing emissions of greenhouse gases and air pollutants makes sense for your business, health and the future of the planet
  • 25. ISO 14001 Training Courses  ISO 14001 Introduction 1 Day Course  ISO 14001 Foundation 2 Days Course  ISO 14001 Lead Implementer 5 Days Course  ISO 14001 Lead Auditor 5 Days Course Exam and certification fees are included in the training price. https://pecb.com/iso-14001-training-courses | www.pecb.com/events
  • 26. THANK YOU ? 0800 690 6841 projects@impactglobalemissionsolutions.com www.impactglobalemissionsolutions.com linkedin.com/Eric.Keogh twitter.com/Eric.Keogh1