This document discusses several frameworks and approaches for reducing greenhouse gas emissions through policy and business collaboration. It describes how a carbon price policy can drive the implementation of emissions reduction projects by covering lower-cost options first and allowing higher-cost technologies to continue advancing down the cost curve over time. The document also outlines international frameworks for reducing emissions, developing carbon capture and storage technology in the EU, and developing nationally appropriate mitigation actions through a platform in South Africa.

1. Structural Approaches to Emissions Mitigation and the Role of BusinessDavid HoneSenior Climate Change AdviserGroup CO2June 2011

2. A policy framework to considerBCost of abatement€ / tonne CO2eAbatementMTonne CO2eCarbon price policy drives project implementation from left to right across the abatement curve CAEnergy efficiency measures, land use practices - primarily driven by standards and regulation.Higher cost technologies still moving down the cost curve. Needs a carbon price with additional support.Large scale abatement within the electricity sector, transport fuels and some areas of industry. Needs a carbon price to drive deployment.

3. The Developing Global FrameworkGeneral overview Medium / long-term reduction CDM / improved CDMGreen Climate FundDeveloped Country reduction targets Developing country NAMAsCarbon priceOther market mechanismsBilateral

4. Green bond

5. REDD+Technology MechanismMeasurement, reporting & verification

6. The Development of CCS in the EUGeneral overview CCS plays a role in reducing EU emissionsEU-ETS and CDM / JINER-300EU wants to see CCS as a core technology option by 2020Carbon priceTechnology learning and knowledge sharingOther pricing mechanisms, e.g. FQDCCS legal framework / CCS Directive

7. Business and Government working together on CCSFounded in 2005, the European Technology Platform for Zero Emission Fossil Fuel Power Plants (ZEP) is a unique coalition of stakeholders united in their support for CCS as a key technology for reducing emissions. ZEP serves as advisor to the European Commission on the research, demonstration and deployment of CCS.2 Government, 27 Companies,2 NGOs, 7 Academia / R&D