making sense of carbon offsets
TRANSCRIPT
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Making Sense of
Carbon OffsetsEwan O’Leary
Offset Collective, Inc.18th June, 2008
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parts-per-million<!>
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parts-per-million<@#$^!!>
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Carbon 101
Fungible = freely exchangeable
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20.4Metric Tons/ yr
(EIA)
475 Trees(for 10 years)
EPA
2,983MtCO2e(World Bank)
=
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“One carbon offset represents the reduction of one metric ton of carbon dioxide, or its equivalent in other greenhouse gases.” -Wikipedia
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How Offsets WorkCO2e
into the atmosphere
CO2eOut of the
atmosphere
You
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Value the Priceless
1. Baseline emissions2. Set an emissions cap
Sightline Institute
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Value the Priceless
3. Issue permits4. Reduce the cap
5. Trade!
Can we scale?Sightline Institute
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Voluntary Carbon Market
Consumer Demand=
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Popsets?
LULUCFREDD
Renewables
Methane200+project types
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Follow the Money
• Reduce costs• Promote
investment• Drive innovation
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“Additionality”
Business-as-usual is not
climate as usual
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Important!
• Transparent• Verifiable• Valid• Permanent• Vintage
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Standards
Source: EcoSystem Marketplace, New Carbon Finance, 2008
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Some Variations
• Geography• Project Type• Co-benefits
CDM
JICCXVCS
Gold Standard
Green‐E
VER
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Does Will it Work?
• Scale• Collaboration• Effectiveness
$43-Trillion US(opportunity IEA)
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Caveats
1. Bless me Father, for I have sinned2. We can’t see the forest for the trees
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Caveats
3. All your tree are belong to us4. Is it just me or is this lifeboat leaky?5. Death and taxes
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DO SOMETHING!join a CRAG*
*Carbon Reduction Action Group