Reduce Carbon Compliance Costs:


Book Description

Reduce Carbon Compliance CostsStrategies for California and Quebec facilities to reduce their compliance cost in the Carbon Cap and Trade Program. I have been tracking, trading, brokering and consulting in the environmental credit markets almost two decades in the United States and Canada. The California and Quebec carbon cap and trade program is by far the most complex system that exists for an environmental credit trading program. The target audience for this book is the environmental professionals or the procurement professionals who are managing the carbon cap and trade compliance for their facilities in California and Quebec. I am writing this book to provide a good overview of the program as well as to share some of the cost-cutting compliance strategies I have developed and deploy with my clients. From 2013 onwards, the Carbon Cap and Trade has added millions of dollars of cost to the many facilities located in California and Quebec that emit more than 25,000 tons of CO2e per year. The rules are complex and change almost yearly. Environmental professionals at these facilities already had a full-time job complying with all the other existing environmental regulations for their facilities before these carbon cap and trade programs were thrust upon them. Now they must also deal with coming to understand more than 400 pages of regulation in California and 117 pages in Quebec. This is a daunting task, to say the least. It is extremely difficult for an environmental professional to become an expert on all existing regulations, keep track of and analyze future potential regulation changes, track the trading market, become an expert on all the trading structures available in the evolving market, recommend the best trading strategies, and then execute the trades. This book will assist the environmental professionals and procurement professionals by providing an overview of the key elements of the carbon cap and trade regulations. In these pages you will find real-life trading strategies that will reduce the cost of compliance and, depending on the size of your facility, the savings could shave millions of dollars off your compliance costs which adds directly to the bottom line of the company's profitability.




Climate Change


Book Description

This is a print on demand edition of a hard to find publication. Facets of the cost issue that have raised concern regarding a greenhouse gas reduction program include absolute costs to the economy, dist. of costs across industries, competitive impact domestically and internationally, incentives for new technol., and uncertainty about costs. Contents of this report: (1) Intro.: Price Versus Quantity Debate; (2) Five Dimensions of the Cost Issue; (3) Addressing Cost Concerns: Tonnage Options; Expand Supply Options; Carbon Tax: Economic-Based Circuit Breaker; Technol.-Based Timetable: Banking and Borrowing; Auctioning Permits; Safety Valve; (4) Illustrative Approaches; (5) Resolving the Price-Quantity Issue; (6) Selected Options to Address Cost Uncertainty of Greenhouse Gas Reduction Programs. Charts and tables.







The Citizen's Guide to Climate Success


Book Description

Shows readers how we can all help solve the climate crisis by focusing on a few key, achievable actions.




Economic Effects of Legislation to Reduce Greenhouse-Gas Emissions


Book Description

This report discusses one option for reducing emissions in a cost-effective manner: to establish a carefully designed cap-and-trade program. Under such a program, the government would set gradually tightening limits on emissions, issue rights (or allowances) consistent with those limits, and then let firms trade the allowances among themselves. Such a cap-and-trade program would lead to higher prices for energy from fossil fuels and for energy-intensive goods, which would in turn provide incentives for households and businesses to use less carbon-based energy and to develop energy sources that emit smaller amounts of CO2. Charts and tables.




Managing Allowance Prices in a Cap-and-trade Program


Book Description

Scientists generally conclude that rising concentrations of greenhouse gases are warming the Earth's climate. Concern about the damage that might result has led policymakers and analysts to consider policies designed to restrict emissions of those gases. One type of policy, a cap-and-trade program, could minimize the cost of achieving a limit, or cap, on emissions by allowing market forces to determine where, how, and to some extent when the cuts in emissions necessary to achieve the cap would be made. This Congressional Budget Office (CBO) study--prepared at the request of the Chairman of the Senate Committee on Energy and Natural Resources--examines the potential effects of features that would help manage allowance prices, and thus the cost of complying with a cap-and-trade program, by altering the number of allowances available to firms at various prices--Preface.







Climate Change: Observations on the Role of Carbon Offsets in Climate Change Legislation


Book Description

Carbon offsets ¿ reductions of greenhouse gas emissions from an activity in one place to compensate for emissions elsewhere ¿ can reduce the cost of regulatory programs to limit emissions because the cost of creating an offset may be less than the cost of requiring entities to make the reductions themselves. To be credible, however, an offset must reduce emissions below the quantity emitted in a business-as-usual scenario. This testimony examines: (1) the challenges in ensuring the quality of carbon offsets in the voluntary market; (2) lessons learned from the Clean Development Mechanism, an international offset program; and (3) matters that the Congress may wish to consider when developing regulatory programs to limit emissions. Illustrations.




Containing the Costs of Climate Policy


Book Description

This policy brief outlines various options for containing costs under a cap-and-trade program to reduce greenhouse gas (GHG) emissions. Although cap and trade is generally considered a more cost-effective approach than traditional regulation, excessive allowance prices are a concern, particularly in the early years of a program when some low carbon technologies are not likely to be commercially available. High allowance prices could mean high compliance costs for regulated firms and high energy prices for consumers. A number of the design elements of a cap-and-trade policy--including the stringency of the emission reduction targets and the distribution of allowance value--will influence the cost of the policy. However, uncertainty regarding allowances prices, and in particular short-term price volatility and persistently high prices, are of concern to stakeholders. Policy options to address these concerns include allowing facilities to bank allowances, permitting firms or the government to borrow allowances from future allocations, allowing (or expanding) the use of offsets, allowing the use of multi-year compliance periods, setting a ceiling on allowance prices, or even relaxing the cap or emission targets associated with the policy. Each of these options has strengths and weaknesses and their desired results must often be weighed against the reduced certainty of meeting the environmental objective. A number of these polices, such as banking, could be established as part of the overall policy from the beginning of the program. Others could be set to be triggered automatically if allowance prices reach a certain level or at the discretion of a market oversight entity. It is likely that any viable cap-and-trade proposal will include a variety of cost containment mechanisms.




Lowering the Cost of Emission Reduction: Joint Implementation in the Framework Convention on Climate Change


Book Description

Lowering the Cost of Emission Reduction by Dr Michael Ridley investigates a novel way to reduce the cost of carbon dioxide and sulphur dioxide emission reduction. This book asks whether allowing countries to substitute emission reduction undertaken abroad in lieu of emission reduction at home will reduce the cost of emission reduction and allow more rapid and acute falls in pollution. Analysing US Department of Energy data on US emission reduction projects undertaken in Eastern Europe and Central America, this book explains differences in the cost of emission reduction by method and by country. The book sets out the conditions that would allow a joint implementation system to evolve into a full-blown tradable permits system. Political and practical objections to joint implementation are aired and addressed. This book is targeted at the environmental policy community, government officials, academics, the NGO community, economists and financiers, members of large corporations and museum educators everywhere.