Download - Elisha Attia Logtel CARBON CREDIT
CARBON CREDIT:
Ver De Mondo
By Elisha Attia
March 2010
Kyoto Protocol (1995)
Kyoto Protocol (1995)
• 183 Countries.
• Legally committed themselves to reducing CO2 and other harmful gases by up to 15% of 2008 Levels.
•Has created the new commodity of Carbon Credits.
•Either take actions to reduce their own levels or alternatively buy carbon credits.
Green House Gases
“The ICT industry is responsible for up to 3% of theworld’s greenhouse gas emissions” Telecom’s green future.By Dawn Bushaus
Global Trends in GHG’s
“It cost less to reduce carbon, that’s why telecom companies are getting serious about CO2 reductions” Telecom’s green future.By Dawn Bushaus
CARBON CAP OFFSET
Forest Carbon Sink
Creating Carbon CreditsEmissions TradingIndustrialized countries can express their allowed emissions or assigned amounts within the treaty as 'assigned amount units' (AAUs). Unused units can be traded with other countries who have surpassed their own allowances and require additional units.
The Clean Development Mechanism (CDM)Industrialized countries can meet their emission targets/levels through investment and/or co-operation in a emission reduction project in a non industrialized country or developing country.
Joint Implementation (JI)Emission reduction units (ERUs) can be earned by an industrialized country from a project in another industrialized country. (Example: sharing of new technology and/or foreign investment in a emissions reduction project)
Carbon market stands at $120 BillionExpecting to exceed $1 Trillion within 10 years
CER & VER Credits
Developing Countries
• Do not have to meet any targets for GHG reductions.• Can sell credits to countries that do have Kyoto targets.• These Projects typically will produce VER credits.
Industrialized Countries
• Include OECD countries (the richest nations of the world) and countries in transition from centrally planned to open market economies.• Can buy credits from developing countries.• These projects typically will produce CER / ERU credits.
Certified and Verified Emission Reductions Credits
CER Spot Prices1 CER credit = 1 Ton CO2
Carbon credit Valuations (approximations):
UN Certified Carbon Credit:Approx. 25 Euro/ Ton of CO2
Voluntary Carbon Credit: 7 Euro/ Ton CO2
business processRainforest Carbon VER project stages:
• National contracts• Host country approval (DNA Office)• Project Identification Note (PIN)• Scientific forest reports• International validation• Verification of emissions reductions• Certification and issuance of credits• Commercialization of CERs• Implementation and monitoring
next steps
• Agreement to trade rainforest emissions• Choose forest area• Appointment of Government contact
person• Local project administration company• Local forest co-ordination team• Escorting Lawyer(s)
follow-up steps
• Identify rainforest characteristics• Create baseline reports• Create Project Idea Note (PIN)• Obtain independent report validation• Create carbon certificates• Commercialize certificates
Annual power consumption against call minutes per month
across Novatech Telecom service provider's network.
“ Novatech Telecom's commitment to reducing carbon emissions began in 2006with the early adoption of IP based soft-switching in their core network,
Marking the first major initiative of its kind in the UK and reducing energy
consumption per minute by 30% within the first year.”
telecom industry impact:
dlink:
Gigabit Switch
going « Green » trend:
actual ongoing CDM projects:
ELYSIUM GHG Emission Reduction Projects
Renewable Energy: Wind Farm Small-scale project to generate electricityfrom wind instead of burning fossil fuels.
CO2/year: 39,000Location: Northern Israel
Status: Registered CDM Feb 11, 2007
Fuel Switching: Food Production Factory Small-scale project to produce steam byburning bio-mass instead of fossil fuelsat a food production facility.
CO2/year: 27,000Location: Galam Facility, Maanit, IsraelStatus: Registered CDM Mar 9, 2007
Ref: elysium.co.il
