Expert workshop on the creation and uses of combined environmental and economic performance datasets at the micro-level - 10-11 July 2018 - OECD, Paris
World Resources Institute hosted a launch event on 21 November 2014 for two new Greenhouse Gas Protocol Standards to inform government climate change strategies.
Building on previous GHG Protocol standards, the Policy and Action Standard helps evaluate the effectiveness of specific policies or measures in achieving greenhouse gas emissions reductions, empowering policymakers and analysts to better assess and communicate their progress. The Mitigation Goal Standard takes a bigger picture view, enabling governments to determine their emissions trajectory and whether their policy portfolio aligns with reaching their climate goals. Both standards are applicable for all levels of government.
Find out more at http://www.wri.org/events/2014/11/launch-and-training-workshop-greenhouse-gas-protocol
The UK Carbon Reduction Commitment Scheme will target large organizations that spend over £500,000 per year on electricity and have electricity usage over 6,000 megawatt-hours. Participating organizations will be required to monitor their energy usage, purchase allowances to cover their emissions, and report their emissions data to the appropriate regulatory agency. The scheme is scheduled to begin in April 2010 and will require organizations to reduce their emissions over time.
Lead authors James Bradbury and Michael Obeiter review a new WRI working paper and its key findings, with particular attention on state-level policy solutions. For more information about this webinar, visit http://www.wri.org/event/2013/04/webinar-clearing-air-reducing-ghg-emissions-us-natural-gas-systems
How will the new government impact energy costs - ConsultantSmartestEnergy
Recording of the SmartestEnergy Informer Series Consultant Webinar 27th May 2015. To sign up for future webinars, visit www.smartestenergy.com/informerseries.
Watch the recording here - https://www.youtube.com/watch?v=Hf1u5_OOPYQ
This document discusses options for recycling revenue from carbon pricing and considers the trade-offs between household fairness, business competitiveness, economic growth, emissions reductions, and public acceptability. It analyzes six options for revenue recycling: transfers to households, reducing income taxes, investing in infrastructure, clean technology, reducing government debt, and supporting industry. Through modeling different scenarios, it finds that revenue recycling can address challenges from carbon pricing while supporting broader economic and environmental goals, but the best approach depends on each province's unique context. It recommends that governments use revenue recycling to address fairness and competitiveness, clearly define objectives, use a portfolio of approaches, and adjust priorities over time.
Slides: Managing methane emissions from B.C.’s gas sector Pembina Institute
This document summarizes a presentation on managing methane emissions from British Columbia's natural gas sector. The presentation includes perspectives from representatives of the Pembina Institute, BC LNG Alliance, Environmental Defense Fund, and Pembina Institute. It outlines recommendations from the Climate Leadership Team to reduce methane emissions by 40% within 5 years through regulations and best practices. It also reviews the potential and costs of reducing methane emissions in BC based on a study, and provides an overview of Alberta's methane reduction strategy.
World Resources Institute hosted a launch event on 21 November 2014 for two new Greenhouse Gas Protocol Standards to inform government climate change strategies.
Building on previous GHG Protocol standards, the Policy and Action Standard helps evaluate the effectiveness of specific policies or measures in achieving greenhouse gas emissions reductions, empowering policymakers and analysts to better assess and communicate their progress. The Mitigation Goal Standard takes a bigger picture view, enabling governments to determine their emissions trajectory and whether their policy portfolio aligns with reaching their climate goals. Both standards are applicable for all levels of government.
Find out more at http://www.wri.org/events/2014/11/launch-and-training-workshop-greenhouse-gas-protocol
The UK Carbon Reduction Commitment Scheme will target large organizations that spend over £500,000 per year on electricity and have electricity usage over 6,000 megawatt-hours. Participating organizations will be required to monitor their energy usage, purchase allowances to cover their emissions, and report their emissions data to the appropriate regulatory agency. The scheme is scheduled to begin in April 2010 and will require organizations to reduce their emissions over time.
Lead authors James Bradbury and Michael Obeiter review a new WRI working paper and its key findings, with particular attention on state-level policy solutions. For more information about this webinar, visit http://www.wri.org/event/2013/04/webinar-clearing-air-reducing-ghg-emissions-us-natural-gas-systems
How will the new government impact energy costs - ConsultantSmartestEnergy
Recording of the SmartestEnergy Informer Series Consultant Webinar 27th May 2015. To sign up for future webinars, visit www.smartestenergy.com/informerseries.
Watch the recording here - https://www.youtube.com/watch?v=Hf1u5_OOPYQ
This document discusses options for recycling revenue from carbon pricing and considers the trade-offs between household fairness, business competitiveness, economic growth, emissions reductions, and public acceptability. It analyzes six options for revenue recycling: transfers to households, reducing income taxes, investing in infrastructure, clean technology, reducing government debt, and supporting industry. Through modeling different scenarios, it finds that revenue recycling can address challenges from carbon pricing while supporting broader economic and environmental goals, but the best approach depends on each province's unique context. It recommends that governments use revenue recycling to address fairness and competitiveness, clearly define objectives, use a portfolio of approaches, and adjust priorities over time.
Slides: Managing methane emissions from B.C.’s gas sector Pembina Institute
This document summarizes a presentation on managing methane emissions from British Columbia's natural gas sector. The presentation includes perspectives from representatives of the Pembina Institute, BC LNG Alliance, Environmental Defense Fund, and Pembina Institute. It outlines recommendations from the Climate Leadership Team to reduce methane emissions by 40% within 5 years through regulations and best practices. It also reviews the potential and costs of reducing methane emissions in BC based on a study, and provides an overview of Alberta's methane reduction strategy.
Slides: Webinar: What to know about B.C.’s Climate Leadership Plan process Pembina Institute
Webinar 1: What to know about B.C.’s Climate Leadership Plan process
Description: Join the Pembina Institute for a brief overview of the ongoing B.C. Climate Leadership Plan process. This webinar will provide insights into what is needed to achieve a strong plan, a summary of the Climate Leadership Team’s recommendations, and insights on how British Columbians can effectively contribute to the process.
Date: February 18, 12 p.m. to 1 p.m.
http://www.pembina.org/blog/webinar-series-whats-needed-for-a-strong-bc-climate-leadership-plan
http://www.leonardo-energy.org/webinar/status-and-trends-carbon-pricing-2014
The webinar will outline key developments on carbon pricing based on the 2014 report “State and Trends of Carbon Pricing”. The report gives insights to existing and emerging carbon pricing initiatives around the world. Those initiatives cover instruments that put an explicit price on greenhouse gas emissions, such as emissions trading schemes, offset mechanisms, carbon taxes and results-based financing. This report goes a step further than 2013 version also prepared by Ecofys, with better coverage of carbon taxes, and a good look at prices.
Current policy scenario projections of major emitting economies: 2018 updateNewClimate Institute
Takeshi Kuramochi presented on "Current policy scenario projections of major emitting economies: 2018 update" at the side event "Tracking progress on Nationally Determined Contributions (NDCs)” at COP24 in December 2018
The future of Carbon: The tools and skills that will be required by the next ...grizzlybeare
This presentation introduces tools for measuring carbon emissions and life cycle costs. It discusses drivers like climate change, energy availability, and legislation that are increasing pressure to evaluate and reduce carbon emissions and costs. Two tools are described: CapIT, an online estimating system for capital costs and carbon, and LifeCYCLE, an internet-based model calculating life cycle costs and carbon for buildings by quantifying materials, transport, operations, and end of life impacts. Benefits include efficiency, accuracy, auditability, and future-proofing estimates for tightening legislation.
The document discusses the European Union's emissions projections, decarbonization efforts, and policies to reduce greenhouse gas emissions. It finds that the EU's current NDC is insufficient and would lead to 2-3°C of warming by 2100. It notes that coal currently makes up 25% of EU electricity generation and 17% of greenhouse gas emissions, and that phasing out coal by 2030 is needed to be consistent with the Paris Agreement's goals. The document concludes that the EU needs to enhance its climate policies by phasing out coal by 2030, increasing renewable energy deployment, fully decarbonizing the energy sector by 2050, and achieving net zero emissions in the second half of the century.
Assessment of NDCs and implemented policies - China - COP 23NewClimate Institute
The Climate Action Tracker by NewClimate Institute, Climate Analytics and Ecofys presents the ongoing activities on NDC and current policy assessment, country rating and decarbonisation indicators.
The document discusses Scotland's policies and targets for reducing greenhouse gas emissions and adapting to climate change. It outlines the Climate Change (Scotland) Bill which sets long-term targets of reducing emissions by 80% by 2050 and interim targets of 50% by 2030. It also discusses using carbon assessment tools to evaluate the climate impacts of government spending and policies in order to help meet emission reduction goals.
This document discusses utility and regulatory perspectives on distributed energy resources like combined heat and power (CHP) projects. It makes three key points:
1. Sound energy policy balances social, environmental, and cost considerations related to operating the electric grid to meet policy goals. Large CHP projects can significantly impact other customers if not properly allocated.
2. The utility's vision is to become a more distributed, "plug and play" provider of electric and gas services by integrating distributed resources like CHP. However, projects need minimum efficiencies of 55-60% to reduce greenhouse gas emissions.
3. Key questions around valuing the grid for maintenance and establishing new tariffs or "grid as a service" models
Dr. Sascha Lafeld gave a presentation on the financial sector's perspective on climate policy beyond 2012. He discussed that financial institutions are increasingly recognizing the risks of climate change. While the Kyoto Protocol and EU ETS have established frameworks for reducing emissions cost-effectively, long-term policy certainty is needed to encourage investment in low-carbon technologies. Looking ahead, Lafeld recommends setting a long-term target of limiting global warming to 2°C, providing early guidance on post-2012 policy, and fostering mechanisms like carbon markets and renewable energy targets to reduce emissions at lowest cost.
The Carbon Reduction Commitment (CRC) is a UK scheme aimed at reducing carbon emissions. It requires organizations using over 6,000 MWh of electricity annually to purchase allowances for every tonne of CO2 emitted, starting at £12/tonne in 2010. Beginning in 2013, allowances will be capped and auctioned, with prices expected to rise. The scheme aims to publicly rank organizations based on emissions reductions to incentivize performance improvements. Non-compliance results in fines and reputational risks. Preparing for CRC compliance requires accurate energy monitoring, forecasting, and identifying reduction opportunities.
Taking Control: Forest City benefits by bringing utility billing and auditing...EnergyCAP, Inc.
Forest City Enterprises, Inc., a national real estate owner and developer, desired to enhance its operational efficiencies and sustainability program through energy management software. EnergyCAP® offered an opportunity to reduce utility bill payment outsourcing costs, streamline business processes, and increase internal awareness of energy and sustainability issues. Savings on consultant costs and account auditing are leading to full payback over a three-year period. Eight significant benefits of EnergyCAP are discussed at http://info.energycap.com/significant-savings
This document summarizes the findings of the "Moving Cooler" study on reducing greenhouse gas emissions from the transportation sector in the United States. It finds that transportation accounts for over 28% of total US GHG emissions. The study examined a wide range of strategies to reduce emissions, organized into 6 "bundles" including land use and public transportation improvements as well as system efficiency and road pricing. Modeling found aggressive implementation could reduce emissions by 11-18% by 2050, while maximum deployment could achieve reductions of 17-35% through strategies that also offer cost savings and support other social goals. Both near-term and long-term strategies are needed to significantly reduce the cumulative emissions challenge over time.
Assessment of NDCs and implemented policies - India - COP 23NewClimate Institute
The Climate Action Tracker by NewClimate Institute, Climate Analytics and Ecofys presents the ongoing activities on NDC and current policy assessment, country rating and decarbonisation indicators.
Building & Business Level Carbon Accounting : Lessons from Business | Mike Bo...icarb
The document discusses key topics in carbon accounting for cities and communities from lessons learned in business carbon accounting. It outlines three main things: 1) Harmonization through common standards, processes, and platforms for data exchange and validation. 2) Assessment including establishing an emissions baseline, measuring performance against targets, and holistic evaluation. 3) Emerging trends such as benchmarking, full lifecycle analysis, and industrial ecology through industrial symbiosis and resource efficiency networks.
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
At the UNFCCC COP20 in Lima Peru, WRI, C40 and ICLEI launch the first internationally accepted standard for measuring emissions at the city level. The Global Protocol for Community-Scale Greenhouse Gas Emissions Inventories (GPC) empowers cities to accurately identify where their emissions are coming from, set credible and achievable reduction targets, and consistently track progress.
Assessment of NDCs and implemented policies - Side Event COP23NewClimate Institute
The Climate Action Tracker by NewClimate Institute, Climate Analytics and Ecofys presents the ongoing activities on NDC and current policy assessment, country rating and decarbonisation indicators.
Presentation by The Climate Trust's Executive Director, Sean Penrith, at the Northwest Legislators Carbon Policy Forum. Presentation includes: the basics of cap, tax and dividend; real world performance; Oregon's choices; and implications for the region and compliance with the Clean Power Plan.
Slides: Webinar: What to know about B.C.’s Climate Leadership Plan process Pembina Institute
Webinar 1: What to know about B.C.’s Climate Leadership Plan process
Description: Join the Pembina Institute for a brief overview of the ongoing B.C. Climate Leadership Plan process. This webinar will provide insights into what is needed to achieve a strong plan, a summary of the Climate Leadership Team’s recommendations, and insights on how British Columbians can effectively contribute to the process.
Date: February 18, 12 p.m. to 1 p.m.
http://www.pembina.org/blog/webinar-series-whats-needed-for-a-strong-bc-climate-leadership-plan
http://www.leonardo-energy.org/webinar/status-and-trends-carbon-pricing-2014
The webinar will outline key developments on carbon pricing based on the 2014 report “State and Trends of Carbon Pricing”. The report gives insights to existing and emerging carbon pricing initiatives around the world. Those initiatives cover instruments that put an explicit price on greenhouse gas emissions, such as emissions trading schemes, offset mechanisms, carbon taxes and results-based financing. This report goes a step further than 2013 version also prepared by Ecofys, with better coverage of carbon taxes, and a good look at prices.
Current policy scenario projections of major emitting economies: 2018 updateNewClimate Institute
Takeshi Kuramochi presented on "Current policy scenario projections of major emitting economies: 2018 update" at the side event "Tracking progress on Nationally Determined Contributions (NDCs)” at COP24 in December 2018
The future of Carbon: The tools and skills that will be required by the next ...grizzlybeare
This presentation introduces tools for measuring carbon emissions and life cycle costs. It discusses drivers like climate change, energy availability, and legislation that are increasing pressure to evaluate and reduce carbon emissions and costs. Two tools are described: CapIT, an online estimating system for capital costs and carbon, and LifeCYCLE, an internet-based model calculating life cycle costs and carbon for buildings by quantifying materials, transport, operations, and end of life impacts. Benefits include efficiency, accuracy, auditability, and future-proofing estimates for tightening legislation.
The document discusses the European Union's emissions projections, decarbonization efforts, and policies to reduce greenhouse gas emissions. It finds that the EU's current NDC is insufficient and would lead to 2-3°C of warming by 2100. It notes that coal currently makes up 25% of EU electricity generation and 17% of greenhouse gas emissions, and that phasing out coal by 2030 is needed to be consistent with the Paris Agreement's goals. The document concludes that the EU needs to enhance its climate policies by phasing out coal by 2030, increasing renewable energy deployment, fully decarbonizing the energy sector by 2050, and achieving net zero emissions in the second half of the century.
Assessment of NDCs and implemented policies - China - COP 23NewClimate Institute
The Climate Action Tracker by NewClimate Institute, Climate Analytics and Ecofys presents the ongoing activities on NDC and current policy assessment, country rating and decarbonisation indicators.
The document discusses Scotland's policies and targets for reducing greenhouse gas emissions and adapting to climate change. It outlines the Climate Change (Scotland) Bill which sets long-term targets of reducing emissions by 80% by 2050 and interim targets of 50% by 2030. It also discusses using carbon assessment tools to evaluate the climate impacts of government spending and policies in order to help meet emission reduction goals.
This document discusses utility and regulatory perspectives on distributed energy resources like combined heat and power (CHP) projects. It makes three key points:
1. Sound energy policy balances social, environmental, and cost considerations related to operating the electric grid to meet policy goals. Large CHP projects can significantly impact other customers if not properly allocated.
2. The utility's vision is to become a more distributed, "plug and play" provider of electric and gas services by integrating distributed resources like CHP. However, projects need minimum efficiencies of 55-60% to reduce greenhouse gas emissions.
3. Key questions around valuing the grid for maintenance and establishing new tariffs or "grid as a service" models
Dr. Sascha Lafeld gave a presentation on the financial sector's perspective on climate policy beyond 2012. He discussed that financial institutions are increasingly recognizing the risks of climate change. While the Kyoto Protocol and EU ETS have established frameworks for reducing emissions cost-effectively, long-term policy certainty is needed to encourage investment in low-carbon technologies. Looking ahead, Lafeld recommends setting a long-term target of limiting global warming to 2°C, providing early guidance on post-2012 policy, and fostering mechanisms like carbon markets and renewable energy targets to reduce emissions at lowest cost.
The Carbon Reduction Commitment (CRC) is a UK scheme aimed at reducing carbon emissions. It requires organizations using over 6,000 MWh of electricity annually to purchase allowances for every tonne of CO2 emitted, starting at £12/tonne in 2010. Beginning in 2013, allowances will be capped and auctioned, with prices expected to rise. The scheme aims to publicly rank organizations based on emissions reductions to incentivize performance improvements. Non-compliance results in fines and reputational risks. Preparing for CRC compliance requires accurate energy monitoring, forecasting, and identifying reduction opportunities.
Taking Control: Forest City benefits by bringing utility billing and auditing...EnergyCAP, Inc.
Forest City Enterprises, Inc., a national real estate owner and developer, desired to enhance its operational efficiencies and sustainability program through energy management software. EnergyCAP® offered an opportunity to reduce utility bill payment outsourcing costs, streamline business processes, and increase internal awareness of energy and sustainability issues. Savings on consultant costs and account auditing are leading to full payback over a three-year period. Eight significant benefits of EnergyCAP are discussed at http://info.energycap.com/significant-savings
This document summarizes the findings of the "Moving Cooler" study on reducing greenhouse gas emissions from the transportation sector in the United States. It finds that transportation accounts for over 28% of total US GHG emissions. The study examined a wide range of strategies to reduce emissions, organized into 6 "bundles" including land use and public transportation improvements as well as system efficiency and road pricing. Modeling found aggressive implementation could reduce emissions by 11-18% by 2050, while maximum deployment could achieve reductions of 17-35% through strategies that also offer cost savings and support other social goals. Both near-term and long-term strategies are needed to significantly reduce the cumulative emissions challenge over time.
Assessment of NDCs and implemented policies - India - COP 23NewClimate Institute
The Climate Action Tracker by NewClimate Institute, Climate Analytics and Ecofys presents the ongoing activities on NDC and current policy assessment, country rating and decarbonisation indicators.
Building & Business Level Carbon Accounting : Lessons from Business | Mike Bo...icarb
The document discusses key topics in carbon accounting for cities and communities from lessons learned in business carbon accounting. It outlines three main things: 1) Harmonization through common standards, processes, and platforms for data exchange and validation. 2) Assessment including establishing an emissions baseline, measuring performance against targets, and holistic evaluation. 3) Emerging trends such as benchmarking, full lifecycle analysis, and industrial ecology through industrial symbiosis and resource efficiency networks.
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
At the UNFCCC COP20 in Lima Peru, WRI, C40 and ICLEI launch the first internationally accepted standard for measuring emissions at the city level. The Global Protocol for Community-Scale Greenhouse Gas Emissions Inventories (GPC) empowers cities to accurately identify where their emissions are coming from, set credible and achievable reduction targets, and consistently track progress.
Assessment of NDCs and implemented policies - Side Event COP23NewClimate Institute
The Climate Action Tracker by NewClimate Institute, Climate Analytics and Ecofys presents the ongoing activities on NDC and current policy assessment, country rating and decarbonisation indicators.
Presentation by The Climate Trust's Executive Director, Sean Penrith, at the Northwest Legislators Carbon Policy Forum. Presentation includes: the basics of cap, tax and dividend; real world performance; Oregon's choices; and implications for the region and compliance with the Clean Power Plan.
How do Third Party Charges Affect your Energy BillEMEX
Third-party charges are also known as non-energy or pass-through charges. They include the charges levied by network companies on energy suppliers for their customers’ use of the transmission and distribution networks. They also include the costs levied on suppliers by the Government as a means of funding its renewables, capacity, and energy efficiency policies.
Cornwall Energy’s Robert Buckley with guests will explain what makes up business energy bills, how the component parts of the bills are changing and what businesses can do to mitigate increases.
The document summarizes Wood Mackenzie's 2023 Energy Transition Outlook, which models three scenarios for the global energy transition - a base case consistent with 2.5°C warming, a country pledges scenario consistent with below 2°C warming, and a net zero 2050 scenario consistent with 1.5°C warming. The base case sees electricity rising to 22% of final energy demand by 2030 but is not consistent with limiting warming to 1.5°C, while the net zero scenario requires more rapid changes including electricity reaching 50% of final demand by 2050 through technologies like low-carbon hydrogen and CCUS. Annual investment of $2.7 trillion is needed to achieve the net zero scenario compared to
The Carbon Nexus - Boilers, Power Plants, and Strategic Energy ManagementVeritatis Advisors, Inc.
Lender, Insurers, manufacturers, regulators lack standardized methods to gauge the accuracy of predicted energy consumption thus financial savings from energy efficiency upgrades. This presentation captures the nexus of relevant issues in recently published case study and market experience. Author Don Macdonald of Veritatis Advisors, 2015
Business Energy Efficiency Tax Review One Year OnEMEX
The document discusses reforms to the UK's business energy tax landscape, including:
1) Abolishing the CRC energy efficiency scheme and increasing climate change levy rates to simplify the system and drive business energy efficiency.
2) Consulting on a new simplified energy and carbon reporting framework to reduce administrative burdens from overlapping schemes.
3) Keeping the climate change agreement scheme eligibility criteria in place until 2023 and increasing the discount to ensure sectors pay no more than an inflation increase.
This presentation created and addressed by Gonzalo Saenz de Miera in the intensive three day course from the BC3, Basque Centre for Climate Change and UPV/EHU (University of the Basque Country) on Climate Change in the Uda Ikastaroak Framework.
The objective of the BC3 Summer School is to offer an updated and multidisciplinary view of the ongoing trends in climate change research. The BC3 Summer School is organized in collaboration with the University of the Basque Country and is a high quality and excellent summer course gathering leading experts in the field and students from top universities and research centres worldwide.
Modelling global macroeconomic impacts of a carbon constrained energy system ...IEA-ETSAP
This document outlines a proposed structure and initial results from modelling the global macroeconomic impacts of decarbonizing the energy system using an integrated energy-economy model called ETSAP-TIAM-MSA. The model links the bottom-up energy system model ETSAP-TIAM with a macroeconomic model called MSA. Initial results show that meeting climate targets leads to lower carbon emissions but can reduce GDP by up to 5% in some regions by 2050 compared to baseline scenarios without climate policy. The model captures non-linear demand responses to energy costs that cannot be represented by simple demand elasticities. Further work is needed to refine regional calibrations and test sensitivities.
Impact of technology uncertainty on future low-carbon pathways in the UKIEA-ETSAP
This document summarizes the results of a study that used energy systems modeling to explore the impact of technology uncertainty on the long-term development of the UK energy system as it works to meet its emissions reduction target of 80% below 1990 levels by 2050. The study analyzed 32 scenarios that varied the availability, cost and diffusion of key low-carbon technologies like nuclear, CCS, biomass and renewables. The analysis found that restricting technologies like CCS and biomass had the largest impact on costs and the energy system transition. Combined restrictions generally had greater effects than individual restrictions. Carbon prices ranged from £244-7000/tCO2eq in 2050 depending on the scenario.
How will the new government impact energy costs - End UserSmartestEnergy
Recording of the SmartestEnergy Informer Series End User Webinar 27th May 2015. To sign up for future webinars, visit www.smartestenergy.com/informerseries.
Watch the recording here - https://www.youtube.com/watch?v=-RisJTLsXGY
Germany is Europe’s biggest energy consumer. As a large and industrial country with moderate natural endowments, it sets an example of what can be done with a progressive energy policy. Germany leads the charge on renewables, has an ambitious energy efficiency policy, is committed to phasing out nuclear power generation and uses ETS revenues fully for the fight against climate change. However, the future of the German energy transition is rather uncertain. Are energy prices sustainable with the current high taxation rates? How to expand the high-voltage grid to integrate wind generation from the North? What will be the future role of coal and gas? This webinar presentation reviews the most important energy statistics for Germany, focussed on a few highlights of its energy policy and concludes with a series of open discussion points.
Germany is Europe’s biggest energy consumer. As a large and industrial country with moderate natural endowments, it sets an example of what can be done with a progressive energy policy. Germany leads the charge on renewables, has an ambitious energy efficiency policy, is committed to phasing out nuclear power generation and uses ETS revenues fully for the fight against climate change. However, the future of the German energy transition is rather uncertain. Are energy prices sustainable with the current high taxation rates? How to expand the high-voltage grid to integrate wind generation from the North? What will be the future role of coal and gas? In this discussion webinar, we will review the most important energy statistics for Germany, present a few highlights on its energy policy and conclude with a series of open discussion points.
The document summarizes the agenda and key discussion points from a meeting of the East of England Carbon Management Network. The meeting covered updates on the CRC Energy Efficiency Scheme, including proposed simplifications and enforcement. It also discussed developing a carbon management plan for Hertfordshire County Council and opportunities for energy and water procurement and contract management to reduce costs and carbon emissions.
“Keeping pace with technological change: The role of capabilities and dynamis...Structuralpolicyanalysis
The document summarizes the key points from a conference on productivity. It discusses how technological change has failed to significantly boost productivity and income, and the research presented offered explanations. Adoption of digital technologies has been slow and uneven, with the most productive firms benefiting most. Complementary investments in intangible assets like skills and management are also important for adoption. While market concentration has increased, its implications are still debated. Ensuring strong competition, reducing barriers to business dynamism, and supporting skills development and technology adoption were highlighted as important for countries to realize productivity gains from technological change.
This document discusses New Zealand's integrated longitudinal business database (LBD), which combines various administrative and survey data on firms over time. The LBD allows researchers to study questions about firm internationalization and its impacts. Research using the LBD shows firm internationalization can increase productivity but the effects are complex and heterogeneous. Insights from LBD research can help policymakers prioritize and target efforts to support firm internationalization, though the research provides only a partial picture and not definitive policy answers.
AI and Technological Anxiety: Paranoia , or are the robots out to get us Comm...Structuralpolicyanalysis
This document summarizes a discussion on artificial intelligence and technological anxiety. It begins by outlining two views on AI: 1) that it could boost productivity and living standards, and 2) that it poses a threat by replacing human workers. It then examines the recent productivity slowdown in advanced economies and historical examples of technological anxiety. The document discusses how AI is being applied extensively by Uber and how some jobs like taxi driving have been disrupted. However, it notes that whole jobs will likely not be replaced, just certain tasks, and that new types of jobs will emerge. In closing, it acknowledges that few occupations will be immune to disruption from AI going forward.
The document discusses challenges in harnessing the full productivity potential of digital technologies. It shows that technology adoption rates vary both across and within countries, as well as between large and small firms within countries. Data is also presented showing differences in pre-crisis and post-crisis productivity growth and employment rates. Additionally, the document notes that a high proportion of adults in OECD countries have no or limited digital skills.
- The document discusses changing patterns of market power and concentration using a structural macroeconomic model. It finds that while markups impose substantial welfare costs, policies targeting concentration can be ineffective or backfire by reducing productivity. The optimal level of concentration may be higher than typically thought. Explanations for rising markups are complex and reflect technological and regulatory factors that determine firm markups and market structure.
This document discusses opening up the "black box" of the firm to examine the "human side" of productivity by looking at owners, managers, and workers. It proposes measuring the human side through modules on workforce composition/skills, diversity, management practices, and firm organization using linked employer-employee and management survey data. Early findings from Portugal and Denmark show higher skilled employee shares at more productive frontier firms and the rising importance of skills over time, especially at the frontier. Next steps are to broaden the analysis to more countries/sectors and examine the role of policies through incentives, capabilities and dynamism across policy areas like skills, mobility, and competition.
Employer Employee linked data in Italy availability and usage by institusionsStructuralpolicyanalysis
This document summarizes an employer-employee linked data system in Italy called ASIA-Employment. It contains the following key points:
1. ASIA-Employment was created using administrative data from 20 sources to reproduce census data on employment. It contains information on over 15 million workers and 4 million companies.
2. The data includes characteristics of workers, jobs, enterprises and their industry/location. It allows tracking of worker and job flows over time.
3. The data is used by government models to analyze policies and their effects. It can evaluate costs of programs and measure consumption behavior changes from tax policies.
1) The document discusses using matched employer-employee data from Belgium to analyze how demand shocks are passed through firms' production networks and affect wages.
2) Preliminary analysis has found that firms pass through some of their own sales shocks to average wages and employment levels over time.
3) Initial results also show differences in how wage shocks are passed through to blue-collar versus white-collar workers.
EMPLOYEE AUTONOMY AND THE WITHIN-FIRM GENDER WAGE GAP: THE CASE OF TRUST-BASE...Structuralpolicyanalysis
This document discusses a study examining the effect of trust-based work time (TBW) on the gender wage gap within firms in Germany. TBW gives employees autonomy over their work schedules. The study uses linked employer-employee data to compare the within-firm gender wage gap before and after some firms adopted TBW between 2006-2008. It finds TBW adoption led to a reduction in the wage gap, driven by absolute wage gains for women. Further analysis suggests this was likely due to an increase in the share of women performing higher-skilled job tasks after TBW adoption, rather than changes to part-time work. The findings indicate organizational flexibility in work hours through TBW can promote gender wage equality.
NATIONAL WAGE EQUALIZATION AND REGIONAL MISALLOCATION: EVIDENCE FROM ITALIAN ...Structuralpolicyanalysis
This paper examines the effects of national wage agreements in Italy and Germany. In Italy, uniform wages have led to higher productivity and housing prices in the North, and high unemployment in the South. As a result, real wages are actually higher in the South. Applying Germany's regionally differentiated wages could increase Italian employment by 6% and aggregate income by 7.45%. The paper argues national wage agreements generate inefficient allocation of resources and income inequality across and within regions.
(1) Labour market policies do not just affect employment and wages, but also have impacts on productivity through various channels of interaction between labour markets and productivity.
(2) Horizontal labour market policies can have non-horizontal effects by spatially misallocating employment across regions in ways that reduce overall productivity. Complementary policies around housing and transportation are also important.
(3) Considering jobs as just bundles of tasks overlooks how job characteristics also matter; changing firm practices like introducing flexible working arrangements can widen the available labor pool in ways that boost productivity.
The Effects of Management on Productivity: Evidence from Mid-20th CenturyStructuralpolicyanalysis
This document summarizes the results of two studies on the long-term effects of management practices on productivity. The first study examines an unexpected budget cut to the Marshall Plan Productivity Program, which provided management training to Italian firms. It finds that firms receiving management training experienced long-term increases in productivity and survival rates. The second study analyzes a US program that provided in-plant management consulting. It finds that training in different management areas (e.g. operations, human resources) had distinct effects, and that practices were more impactful when combined. Overall, the studies provide causal evidence that implementing better management practices can significantly improve firm performance over many years.
HUMAN CAPABILITIES – MANAGERIAL CAPITAL, ORGANISATIONAL PRACTICES AND MOBILITYStructuralpolicyanalysis
- The document discusses two papers that use rigorous empirical analysis to examine the effects of managerial training programs and technology/knowledge transfers on firm performance.
- The studies find that such interventions can significantly improve outcomes like productivity, especially when they promote complementarities between upgraded managerial practices and investments in skills or new technologies.
- They illustrate how public policy can effectively support catching up by leveraging these complementarities through knowledge diffusion across firms.
1. Machine learning is becoming pervasive across many tasks, occupations, and industries due to its abilities in classification, labeling, perception, prediction, and diagnosis.
2. Machine learning capabilities continue to improve over time as more data is analyzed, overcoming limitations.
3. Machine learning acts as a general purpose technology that can spawn new complementary innovations by providing building blocks like perception and problem solving.
1. Declining market dynamism, as seen through declining young firm employment shares, has negatively impacted productivity and wage growth. Housing markets and credit conditions have played a role in diminished dynamism.
2. Using matched employer-employee data from Australia, the study finds that declines in house prices reduced young firm formation and employment, disproportionately impacting younger and less educated workers.
3. Policies that influence housing markets and finance for small businesses can have long-term consequences by affecting firm entry and growth, labor market fluidity, and wages - particularly for young workers.
The document analyzes the effects of housing prices and credit supply on young firm activity using panel data at the metropolitan statistical area (MSA) level from 1981-2014. The key findings are:
1) Using an instrumental variables approach, the study finds large effects of local house price changes on local young firm employment growth and shares.
2) A separate, smaller role is found for locally exogenous shifts in bank lending supply on young firm activity.
3) Housing market fluctuations play a major role in driving medium-run fluctuations in young firm employment shares by acting as a transmission channel and driving force in recent decades according to the analysis.
The document outlines questions posed about defining market power, assessing evidence of market power incidence, and implications for competition policy. It then provides definitions of market power and discusses how various empirical studies have found increasing industry concentration, rising markups, declining labor share, and dispersion of productivity. However, the evidence does not clearly establish the causes and the policy implications are uncertain given multiple possible explanations. Competition policy challenges that could be further examined include treatment of mergers, small mergers, interaction with globalization, and exemptions. The author advocates a cautious policy response while continuing to evaluate frameworks.
Understanding how timely GST payments influence a lender's decision to approve loans, this topic explores the correlation between GST compliance and creditworthiness. It highlights how consistent GST payments can enhance a business's financial credibility, potentially leading to higher chances of loan approval.
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
How Does CRISIL Evaluate Lenders in India for Credit RatingsShaheen Kumar
CRISIL evaluates lenders in India by analyzing financial performance, loan portfolio quality, risk management practices, capital adequacy, market position, and adherence to regulatory requirements. This comprehensive assessment ensures a thorough evaluation of creditworthiness and financial strength. Each criterion is meticulously examined to provide credible and reliable ratings.
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
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OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
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Let's be real for a second – the world of meme coins can feel like a bit of a circus at times. Every other day, there's a new token promising to take you "to the moon" or offering some groundbreaking utility that'll change the game forever. But how many of them actually deliver on that hype?
3. • Policy start in 2010
• Part of Climate Change Act 2008
• First announced in 2007 white paper
• Basic idea: target carbon of firms that are fairly
carbon intensive but not EUETS covered (~10% of UK
emissions)
• Several elements:
• Carbon permit required @ £12/tCO2 from
electricity and gas
• Performance league table
• Senior management sign-off
• Revenue recycling: top performers receive subsidy
back Never implemented
Abolished after 2012
Hence, effectively a carbon tax
4. • UK already had a carbon tax: Climate Change Levy
• Also generous exemption scheme (Climate Change
Agreements, CCA), which extends to CRC
• Hence CRC greatly increases inefficient carbon price
heterogeneity: some firms pay £30 ($50) more than
others per t of CO2
• Looks like bad public policy…..
• ….but great setting for research
5. • Information declarers: firms with at least one half
hourly meter
• Information declarers had to submit data on
electricity consumption for 2008
• Policy eventually imposed on firms with more than 6
GWh of electricity (firm wide) in 2008
6. • We were commissioned by DECC in 2014/15 to figure
out
• Comparing covered firm with comparable non-
covered seems a good start
• However: Comparable in terms of level will be
difficult
• …..or not?
• DECC meter point data: we match meter points
(MP) rather than firms (some firms consist of 100s
of MPs)
We had to delete all data at end
of project
7. Density
0 1 2 3 4
GWh
Info Declarers CRC
Electricity consumption in 2008
(GWh)
Sample Mean p50 p95 Sum Meters
Analysis Sample 1 non CRC 0.64 0.36 2.24 13,530.46 21,256
CRC 1.00 0.30 3.86 75,194.62 74,848
8. • Control group consists of information declarers
• Could be affected by policy:
• Uncertainty pre threshold announcement
• Avoidance of regulation in Phase 2 (2014-2015)
• Should likely lead to downward bias of impact
estimates
9. • Considered regression discontinuity
• Matched Diff-in-Diff
ln 𝐸𝑖𝑡 − ln 𝐸𝑖2008 = 𝛽𝑡𝐶𝑅𝐶 × 𝐶𝑅𝐶𝑖 + 𝛽𝑡 + 𝛽 𝑀𝑡 × 𝑀𝑖
𝑀
+ 𝜖𝑖𝑡
ln 𝐸𝑖𝑡 − ln 𝐸𝑖2008 =
𝛽 𝑃𝑟𝑒,𝐶𝑅𝐶I 𝑡 < 2010 × 𝐶𝑅𝐶𝑖 + 𝛽 𝑃𝑜𝑠𝑡,𝐶𝑅𝐶I 𝑡 ≥ 2010 × 𝐶𝑅𝐶𝑖 + 𝛽𝑡 +
𝛽 𝑀𝑡 × 𝑀𝑖𝑀 + 𝜖𝑖𝑡
• In most basic regression we match on meter point
level energy consumption bands (in 2008) only
• By going to higher aggregation levels we can merge
in other variables.
12. For a subset of the population (about 25% of 2008 energy consumption)
• Matching by building types
• Availability of gas consumption data
13.
14.
15.
16.
17. • Robust Evidence of an impact of CRC on
electricity consumption (between 3 and 7%)
• Impact stronger for very big (and very small)
consumption points
• Evidence of even larger impact for gas >10%
seems less robust, however
• Impact heterogeneous across sectors but strong
and significant impact in most important
sectors
• Some evidence of an impact on intensity
18. • Which aspect of the CRC package is driving the
results?
• No direct econometric evidence but interviews
with stakeholders suggest the financial
component
• Assuming full impact is price effect suggests an
energy price elasticity of 0.3 to 0.52
19. • Regain access to the data
• Get access to more data: Non information
declarers
• The future of CRC: Bleak!
20.
21.
22.
23. Electricity consumption in 2008
(GWh)
Sample Mean p50 p95 Sum Meters
CRC
meters
All data 1.19 0.33 4.36 127,936.68 107,395 84,683
Meeting CRC criteria 1.34 0.32 5.17 113,374.32 84,683 84,683
Analysis Sample 1 0.92 0.32 3.42 88,725.08 96,104 74,848
versus the whole population: i.e. about ¼ of
electricity consumption (probably) slightly
biased towards larger firms
24.
25. Electricity consumption in 2008
(GWh)
Sample Mean p50 p95 Sum Meters
CRC
meters
All data 1.19 0.33 4.36 127,936.68 107,395 84,683
Meeting CRC criteria 1.34 0.32 5.17 113,374.32 84,683 84,683
Analysis Sample 1 0.92 0.32 3.42 88,725.08 96,104 74,848
versus the whole population: i.e. about 5% of
electricity consumption (probably) biased
towards larger firms