No ano Zero (AD) a concentração de Co2 na atmosfera era de aproximadamente 250 ppm e veio se mantendo até meados de 1850. Com o advento da Revolução Industrial no Hemisferio Norte isto mudo. Neste momento de novas descobertas e de inicio de crescimento populacional, surgem novos combustiveis; vapor e logo depois no inicio do seculo 20 o uso industrial do petroleo as emissões iniciam uma curva ascendente bastante rápida.
O grafico interativo publicado no The Guardian oferece uma visão bastante didática de tais eventos e observe que hoje, ano 2013, atingimos 400 ppm de CO2. Vale lembrar que o IPCC tem como ponto limite de segurança climática o patamar de 350 ppm. Isto já ficou para trás no ano de 1988.
Acesse o grafico no link abaixo, está em ingles mas é de facil compreensão.
http://www.guardian.co.uk/environment/interactive/2013/may/10/climate-warming-gas-carbon-dioxide-levels-interactive?CMP=twt_gu
Carta da Terra
"Estamos diante de um momento crítico na história da Terra, numa época em que a humanidade deve escolher o seu futuro. À medida que o mundo torna-se cada vez mais interdependente e frágil, o futuro enfrenta, ao mesmo tempo, grandes perigos e grandes promessas. Para seguir adiante, devemos reconhecer que, no meio da uma magnífica diversidade de culturas e formas de vida, somos uma família humana e uma comunidade terrestre com um destino comum. Devemos somar forças para gerar uma sociedade sustentável global baseada no respeito pela natureza, nos direitos humanos universais, na justiça econômica e numa cultura da paz. Para chegar a este propósito, é imperativo que nós, os povos da Terra, declaremos nossa responsabilidade uns para com os outros, com a grande comunidade da vida, e com as futuras gerações." (da CARTA DA TERRA)
Mostrando postagens com marcador ghg. Mostrar todas as postagens
Mostrando postagens com marcador ghg. Mostrar todas as postagens
Greenpeace BR critica o novo regime automotivo
Do Greenpeace Brasil/ De São Paulo
Enquanto o mundo exige padrões mais rígidos de combate à poluição e às emissões de gases de efeito estufa, o governo brasileiro cedeu às pressões das montadoras e perdeu a oportunidade de exigir a produção de carros menos poluentes e econômicos em linha com o mercado internacional. Editado nesta quinta-feira, o decreto 7819 de 03 de outubro de 2012 cria padrões voluntários de eficiência energética de motores no novo regime automotivo Inovar-Auto.
Os maiores mercados de carros do mundo já adotaram medidas obrigatórias de eficiência energética há pelo menos três décadas enquanto o Brasil apenas agora começa a estabelecer padrões, mesmo assim voluntários e mais frouxos. Para as montadoras receberem um desconto de 30% do IPI, os veículos produzidos no Brasil devem em 2017 emitir em média 136 gramas de dióxido de carbono (CO2) por quilômetro (equivalente a 15,93 Km por litro de gasolina), ao invés da média atual de 155 gramas (14 Km/l). O CO2 é o principal gás responsável pelo efeito estufa.
Parece bom, mas dava para ser ainda melhor, já que o padrão brasileiro a ser alcançado daqui a 5 anos ainda é maior que a média atual na Europa, 130 gramas de CO2/Km (equivalente a16,6 Km/l), e com a obrigação de se chegar a 95 gCO2/Km em 2020. Ou seja, mesmo em 2017, data limite colocada pelo novo decreto, o Brasil vai continuar atrasado e sem perspectiva de aumentar eficiência dos motores após este período.
Hoje, o setor de transportes brasileiro ocupa o segundo lugar em termos de emissões de CO2. Mesmo com a implementação de motores mais econômicos, o segmento continuará sendo uma das principais fontes de emissões do país e coloca em dúvidas nossa capacidade de se atingir a nossa meta voluntária de redução de gases de efeito estufa.
Apesar de já existirem soluções, as mesmas montadoras que investem na fabricação de carros menos poluentes na Europa e no Japão ainda resistem em utilizar essas tecnologias no nosso mercado, considerado o 4o mercado mundial em vendas de carro.
O novo regime automotivo do governo brasileiro não reduzirá a emissão de poluentes como deveria e ainda não nos coloca em linha com outros mercados. Além disso, impõe perdas ao bolso da população uma vez que menor eficiência nos motores representa também mais gastos na compra de combustível na bomba. Hoje um carro na mesma categoria mais econômico representa uma economia de R$ 5 mil em cinco anos com um carro mais beberrão.
A medida adotada pelo governo ocorre após meses de regalias fiscais concedidas às montadoras. Segundo cálculos do próprio governo, R$ 1,1 bilhão por ano deixará de ser arrecadado com a desoneração do setor automotivo. As últimas medidas adotadas pelo governo continuarão fazendo com que milhões de novos carros cheguem nas ruas pelos próximos anos causando mais congestionamentos, poluição e sem garantir inovação tecnológica ao setor, tão necessária no combate às mudanças climáticas.
Senado dos EUA aprova isenção para aéreas de regras de carbono da UE
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Postado por
Unknown
em
9/24/2012 07:40:00 AM
Marcadores:
emissões da aviação,
emissões de gee,
EU ETS,
ghg
sábado, 22 de setembro de 2012 16:17 BRT
Por Valerie Volcovici
WASHINGTON, 22 Set (Reuters) - O Senado
dos Estados Unidos aprovou de forma unânime um projeto de lei neste sábado que
isenta companhias aéreas do país do pagamento de suas emissões de carbono em
voos europeus, pressionando a União Europeia a deixar de aplicar sua legislação
relativa a emissões a companhias aéreas estrangeiras.
A Comissão Europeia tem feito cumprir desde janeiro uma lei que obriga todas as companhias aéreas a participar do Programa de Negociação de Emissões com o objetivo de combater o aquecimento global, no que resultou em ameaças de um embate comercial.
O Senado norte-americano aprovou o projeto de lei pouco após a meia-noite, enquanto se esforçava para completar suas obrigações antes do recesso que precede as eleições parlamentares e presidenciais de 6 de novembro.
O senador Republicano John Thune, um proponente da medida, disse que ela envia uma "forte mensagem" à UE de que o bloco econômico não pode impor impostos sobre os Estados Unidos.
"As ações do Senado hoje ajudarão a garantir que companhias aéreas e passageiros norte-americanos não serão obrigados a pagar a dívida europeia por meio desse tributo ilegal e possam, em vez disso, investir em criar empregos e estimular nossa própria economia", disse Thune em comunicado.
A senadora Democrata Claire McCaskill, outra proponente da medida, disse: "É revitalizante ver um forte apoio bipartidário à noção de senso comum que diz que norte-americanos não deveriam ser forçados a pagar um imposto europeu".
A Comissão Europeia tem feito cumprir desde janeiro uma lei que obriga todas as companhias aéreas a participar do Programa de Negociação de Emissões com o objetivo de combater o aquecimento global, no que resultou em ameaças de um embate comercial.
O Senado norte-americano aprovou o projeto de lei pouco após a meia-noite, enquanto se esforçava para completar suas obrigações antes do recesso que precede as eleições parlamentares e presidenciais de 6 de novembro.
O senador Republicano John Thune, um proponente da medida, disse que ela envia uma "forte mensagem" à UE de que o bloco econômico não pode impor impostos sobre os Estados Unidos.
"As ações do Senado hoje ajudarão a garantir que companhias aéreas e passageiros norte-americanos não serão obrigados a pagar a dívida europeia por meio desse tributo ilegal e possam, em vez disso, investir em criar empregos e estimular nossa própria economia", disse Thune em comunicado.
A senadora Democrata Claire McCaskill, outra proponente da medida, disse: "É revitalizante ver um forte apoio bipartidário à noção de senso comum que diz que norte-americanos não deveriam ser forçados a pagar um imposto europeu".
Forest Carbon Standards // WWF
A plethora of different carbon standards exists today. A general frameworkneeds to be developed, to assess the credibility and effectivenessof these standards.
"...Forests are now widely recognised as playing a key role in regulating global carbon cycles, comprising as they do the largest terrestrial store of carbon. Deforestation and forest degradation – mostly in the tropics – are responsible for about 15 per cent of global greenhouse gas (GHG) emissions.1 Managing forest carbon stocks is therefore a critical component of any comprehensive approach to keeping the rise in global temperature well below 2 degrees Celsius.
Concerns about the climate change implications of deforestation have led to the development of numerous initiatives to try and harness the GHG reduction potential of efforts to reduce emissions from deforestation and forest degradation in developing countries (REDD). Some of these initiatives have focussed on developing projects for the voluntary carbon market.
This market has developed over recent years as more and more companies, governments, organisations and the general public are willing to offset their climate footprint through the funding of projects, including forest projects which reduce GHG emissions.
2 Even the inconclusive results of the United Nations Conference on Climate Change in Copenhagen do not appear to have negatively impacted the demand for forestry as a voluntary offset option.
3 Voluntary carbon offsets bring together the demand for compensation
of emissions from energy use with investors and project proponents who can deliver carbon emission reduction credits from forest projects. There is also a range of voluntary forest carbon activities that are aiming to reduce carbon emissions but are not ultimately seeking crediting or offsetting. These usually take place at a project or landscape level.
Alongside these voluntary carbon projects is an emerging set of national REDD programs and early actions to support the development of national REDD programs. In the context of the international climate negotiations, the concept of REDD has been expanded (and renamed REDD-plus) to address not only deforestation and forest degradation, but also the conservation of forest carbon stocks, the sustainable management of forests, and the enhancement of forest carbon stocks. While the Copenhagen
conference did not produce an international agreement on the post-2012 climate deal, it did move forward on developing REDD-plus..."
"...Forests are now widely recognised as playing a key role in regulating global carbon cycles, comprising as they do the largest terrestrial store of carbon. Deforestation and forest degradation – mostly in the tropics – are responsible for about 15 per cent of global greenhouse gas (GHG) emissions.1 Managing forest carbon stocks is therefore a critical component of any comprehensive approach to keeping the rise in global temperature well below 2 degrees Celsius.
Concerns about the climate change implications of deforestation have led to the development of numerous initiatives to try and harness the GHG reduction potential of efforts to reduce emissions from deforestation and forest degradation in developing countries (REDD). Some of these initiatives have focussed on developing projects for the voluntary carbon market.
This market has developed over recent years as more and more companies, governments, organisations and the general public are willing to offset their climate footprint through the funding of projects, including forest projects which reduce GHG emissions.
2 Even the inconclusive results of the United Nations Conference on Climate Change in Copenhagen do not appear to have negatively impacted the demand for forestry as a voluntary offset option.
3 Voluntary carbon offsets bring together the demand for compensation
of emissions from energy use with investors and project proponents who can deliver carbon emission reduction credits from forest projects. There is also a range of voluntary forest carbon activities that are aiming to reduce carbon emissions but are not ultimately seeking crediting or offsetting. These usually take place at a project or landscape level.
Alongside these voluntary carbon projects is an emerging set of national REDD programs and early actions to support the development of national REDD programs. In the context of the international climate negotiations, the concept of REDD has been expanded (and renamed REDD-plus) to address not only deforestation and forest degradation, but also the conservation of forest carbon stocks, the sustainable management of forests, and the enhancement of forest carbon stocks. While the Copenhagen
conference did not produce an international agreement on the post-2012 climate deal, it did move forward on developing REDD-plus..."
State of Green Business 2011 Green Biz.com
Numero de patentes registradas relacionadas à energias limpas duplicou nos ultimos 6 anos e tende a crescer mais ainda.
Leia este entre outros estudos no State of Green Business.
Disponível (ainda em lingua inglesa) para download.
Não deixe de se atualizar sobre temas que lhe são tão importantes e melhor ainda : Gratuitos.
AMERICAN CARBON REGISTRY APPROVES AGRICULTURE SECTOR METHODOLOGY FOR GHG EMISSIONS REDUCTIONS FROM CHANGES IN FERTILIZER MANAGEMENT
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Postado por
Unknown
em
11/23/2010 12:29:00 AM
Marcadores:
American Carbon Registry,
ghg,
n2o
ARLINGTON, VA, November 23, 2010 – The American Carbon Registry(ACR), a nonprofit enterprise of Winrock International (Winrock), announces approval of a pioneering greenhouse gas (GHG) offset methodology to quantify agriculture sector emissions reductions through changes in fertilizer management. The methodology was developed by Winrock under a grant from the David and Lucile Packard Foundation.
Nitrogen fertilizers represent one of the largest sources of GHG emissions from global agricultural production resulting in significant emissions of nitrous oxide (N2O), a GHG with approximately 300 times the global warming potential of carbon dioxide (CO2). In the U.S. alone, annual N2O emissions from agricultural soil management were approximately 216 million metric tons carbon dioxide-equivalent according to the 2008 U.S. National Greenhouse Gas Inventory.
Fertilizers have also been a key factor in the increased yields achieved by modern agriculture. Optimizing fertilizer management practices without reducing yields is therefore an effective way to reduce N2O emissions and to improve water quality in agricultural areas.
The new ACR fertilizer management methodology incorporates site specific data into a peer-reviewed, tested and highly parameterized model to calculate N2O emissions reductions that result from changes in how fertilizer is applied and used. The innovative approach takes into account multiple, simultaneous practice changes and produces the rigorous, science-based results necessary to create compliance-quality offsets.
“Given the need for offsets from fertilizer management to be fungible with offsets from landfill gas or any number of other sectors in which emissions can be directly measured with a high degree of accuracy, it is critical that methodologies for quantification of emissions from N2O result in high degree of certainty and confidence,” explains Dr. Timothy Pearson of Winrock, co-author of the methodology with William Salas of Applied Geosolutions LLC.
ACR’s objective in developing this methodology was to create an accounting framework that offers both credibility and integrity for reducing atmospheric emissions from agricultural applications. Direct field measurements of N2O emissions are prohibitively costly, and the use of default values cannot capture variation in emissions associated with weather conditions and site-specific factors.
As a cost-effective solution to achieve precise results, the ACR methodology uses the Denitrification-Decomposition (DNDC) model to quantify direct N2Oemissions as well as indirect emissions from leaching and ammonia volatilization. The approach is applicable not only to changes in fertilizer quantity (rate), but also fertilizer type, placement, timing, use of timed-release fertilizers, use of nitrification inhibitors and other practice changes.
“The approach recognizes that to avoid leakage, maintain food supplies, and promote broad adoption by farmers, fertilizer management activities must be designed to minimize the risk of decreasing yields,” comments Nicholas Martin, American Carbon Registry chief technical officer. “A methodology that enables willing farmers to reduce fertilizer rate, but allows for other practice changes as well, stands better chances of broad adoption.”
The fertilizer management methodology is the culmination of two years of rigorous scientific and applied research, including field trials on different crops in California, Iowa and Arkansas. The methodology was approved by ACR following extensive stakeholder consultation, a formal public comment period, and independent anonymous peer review by four of the United States’ leading experts in nitrogen management and agricultural GHG mitigation.
The ACR methodology builds on the trend toward aggregation in carbon markets, particularly in agriculture. Increasingly farmers interface with carbon markets not as individuals but through aggregators grouping tens or even hundreds of farms together. In this case, aggregation is important not only for transaction cost efficiencies, but also for improving modeling results and diversifying risk.
“SunOne is very pleased to see the release of this pioneering agriculture methodology by ACR,” remarked John Hodges, president of North America’s #1 ranked carbon aggregator SunOne Solutions. ”We have already seen a lot of interest from our farming clients in this new opportunity since until now, farmers could only participate in the carbon markets by adopting sustainable tillage practices. ACR’s fertilizer management methodology expands possibilities since it is applicable to many widely grown and specialty crops. It provides additional incentivizes for farmers to adopt more sustainable fertilizer management systems, which will further help the environment while providing added revenue sources to producers.”
####
About the American Carbon Registry
The nonprofit American Carbon Registry (ACR), an enterprise of Winrock International, is a leading carbon offset program recognized for its strong standards for environmental integrity. Founded in 1996 as the GHG Registry by Environmental Defense Fund and Environmental Resources Trust, ACR has 15 years of experience in the development of rigorous, science-based carbon offset standards and methodologies as well as in carbon offset issuance, serialization and transparent online transaction and retirement reporting. As the first private voluntary GHG registry in the world, ACR has set the bar in the global voluntary carbon market for offset quality and operational transparency. www.americancarbonregistry.org
About Winrock International
Winrock International is a nonprofit organization that works with people in the United States and around the world to empower the disadvantaged, increase economic opportunity, and sustain natural resources. Winrock is headquartered in Little Rock, Arkansas. www.winrock.org.
Contact:
Mary Grady, American Carbon Registry
Tel: (805) 884-1961
Email: mgrady@winrock.org
Nitrogen fertilizers represent one of the largest sources of GHG emissions from global agricultural production resulting in significant emissions of nitrous oxide (N2O), a GHG with approximately 300 times the global warming potential of carbon dioxide (CO2). In the U.S. alone, annual N2O emissions from agricultural soil management were approximately 216 million metric tons carbon dioxide-equivalent according to the 2008 U.S. National Greenhouse Gas Inventory.
Fertilizers have also been a key factor in the increased yields achieved by modern agriculture. Optimizing fertilizer management practices without reducing yields is therefore an effective way to reduce N2O emissions and to improve water quality in agricultural areas.
The new ACR fertilizer management methodology incorporates site specific data into a peer-reviewed, tested and highly parameterized model to calculate N2O emissions reductions that result from changes in how fertilizer is applied and used. The innovative approach takes into account multiple, simultaneous practice changes and produces the rigorous, science-based results necessary to create compliance-quality offsets.
“Given the need for offsets from fertilizer management to be fungible with offsets from landfill gas or any number of other sectors in which emissions can be directly measured with a high degree of accuracy, it is critical that methodologies for quantification of emissions from N2O result in high degree of certainty and confidence,” explains Dr. Timothy Pearson of Winrock, co-author of the methodology with William Salas of Applied Geosolutions LLC.
ACR’s objective in developing this methodology was to create an accounting framework that offers both credibility and integrity for reducing atmospheric emissions from agricultural applications. Direct field measurements of N2O emissions are prohibitively costly, and the use of default values cannot capture variation in emissions associated with weather conditions and site-specific factors.
As a cost-effective solution to achieve precise results, the ACR methodology uses the Denitrification-Decomposition (DNDC) model to quantify direct N2Oemissions as well as indirect emissions from leaching and ammonia volatilization. The approach is applicable not only to changes in fertilizer quantity (rate), but also fertilizer type, placement, timing, use of timed-release fertilizers, use of nitrification inhibitors and other practice changes.
“The approach recognizes that to avoid leakage, maintain food supplies, and promote broad adoption by farmers, fertilizer management activities must be designed to minimize the risk of decreasing yields,” comments Nicholas Martin, American Carbon Registry chief technical officer. “A methodology that enables willing farmers to reduce fertilizer rate, but allows for other practice changes as well, stands better chances of broad adoption.”
The fertilizer management methodology is the culmination of two years of rigorous scientific and applied research, including field trials on different crops in California, Iowa and Arkansas. The methodology was approved by ACR following extensive stakeholder consultation, a formal public comment period, and independent anonymous peer review by four of the United States’ leading experts in nitrogen management and agricultural GHG mitigation.
The ACR methodology builds on the trend toward aggregation in carbon markets, particularly in agriculture. Increasingly farmers interface with carbon markets not as individuals but through aggregators grouping tens or even hundreds of farms together. In this case, aggregation is important not only for transaction cost efficiencies, but also for improving modeling results and diversifying risk.
“SunOne is very pleased to see the release of this pioneering agriculture methodology by ACR,” remarked John Hodges, president of North America’s #1 ranked carbon aggregator SunOne Solutions. ”We have already seen a lot of interest from our farming clients in this new opportunity since until now, farmers could only participate in the carbon markets by adopting sustainable tillage practices. ACR’s fertilizer management methodology expands possibilities since it is applicable to many widely grown and specialty crops. It provides additional incentivizes for farmers to adopt more sustainable fertilizer management systems, which will further help the environment while providing added revenue sources to producers.”
####
About the American Carbon Registry
The nonprofit American Carbon Registry (ACR), an enterprise of Winrock International, is a leading carbon offset program recognized for its strong standards for environmental integrity. Founded in 1996 as the GHG Registry by Environmental Defense Fund and Environmental Resources Trust, ACR has 15 years of experience in the development of rigorous, science-based carbon offset standards and methodologies as well as in carbon offset issuance, serialization and transparent online transaction and retirement reporting. As the first private voluntary GHG registry in the world, ACR has set the bar in the global voluntary carbon market for offset quality and operational transparency. www.americancarbonregistry.org
About Winrock International
Winrock International is a nonprofit organization that works with people in the United States and around the world to empower the disadvantaged, increase economic opportunity, and sustain natural resources. Winrock is headquartered in Little Rock, Arkansas. www.winrock.org.
Contact:
Mary Grady, American Carbon Registry
Tel: (805) 884-1961
Email: mgrady@winrock.org
JPMorgan Refits EcoSecurities for More Carbon-Market Takeovers >>> Businessweek
June 25 (Bloomberg) -- JPMorgan Chase & Co. is reorganizing EcoSecurities, the carbon-emissions company it bought for $206 million, to pursue further takeovers even as the market for greenhouse gases shrinks.
“It is possible that EcoSecurities will be in a position to make additional acquisitions in this area over the next few years,” said Mark Nicholls, an independent director for the Dublin-based investor in carbon credits. Nicholls served as its chairman from 2005 until the takeover by JPMorgan last December.
“This was not a trading play, not a one- to three-year plan, but a long-term plan by JPMorgan to get into this space, and we are delivering on that plan,” he said in a written response to questions.
Boosting its wager may help JPMorgan strengthen its role in a market that the U.S. Commodities Futures Trading Commission says has the potential to be worth $2 trillion. Before that, EcoSecurities Chief Executive Officer Paul Kelly must ride out a slump in emissions trading after the U.S., the European Union and Australia reined in plans to build carbon markets.
The acquisition “looks to the future, but we don’t know what the future is,” said Gus Hochschild, an analyst at Mirabaud Securities LLP in London. “People are taking options.”
Scale of Business
EcoSecurities has taken stakes in 341 emissions-cutting projects in developing nations, more than any other company under a United Nations-supervised climate change program, data compiled by Bloomberg show.
In return, the company earns tradable credits that may be sold to other investors or to industries that use them as pollution permits. Other UN credit investors include Italian utility Enel SpA and Goldman Sachs Group Inc.
The value of UN-sponsored credits produced last year dropped 59 percent to $2.7 billion as the bureaucrats running the system struggled to process applications, the World Bank said last month.
Kelly, the JPMorgan executive who led the acquisition team and now steers EcoSecurities through the slump, has cut back investment in new projects until the regulatory outlook clears, just as competitors are doing, Nicholls said.
“There’s not enough clarity to continue to be able to invest in the market robustly,” Kelly told a May 26 conference in Cologne.
Curbing Costs
Kelly is also reining in costs.
EcoSecurities also cut jobs, according to three former employees who asked not to be named. Nicholls declined to comment on layoffs. The company had 290 staff in 25 countries at the end of 2008, according to its annual report.
The restructuring meant “significant attrition,” said Abyd Karmali, global head of carbon markets at Bank of America Merrill Lynch, said in a telephone interview. “There are a lot of people on the beach.”
“Most people feel that JPMorgan were buying a portfolio and happened to get 200 people along with it,” said Trevor Sikorski, an analyst at Barclays Capital in London. “We used to have a fairly good relationship with Eco, and we just don’t see them anymore.”
Turning Profit
EcoSecurities earned 255,000 pounds ($378,000) on sales of 60 million pounds in the first half of 2009, in the last report before the takeover. That performance followed six straight years of annual losses.
Even as EcoSecurities made a profit, the UN program for reducing emissions was running into trouble.
The supervisory board suspended TUEV SUED AG from verifying projects in March, the third auditor to be sanctioned in the past two years. That has added to a backlog that has developed as regulators try to determine whether thousands of projects will deliver genuine carbon-emissions savings.
Officials in 2009 approved 684 projects to begin generating credits and have more than 2,900 unregistered projects waiting to be assessed, according to the UN. It takes on average more than three years for projects to earn their first credits after their applications are submitted, the World Bank said.
Climate Talks
UN-led negotiations to secure global limits on carbon dioxide emissions are stalled after world leaders failed to broker a deal at the Copenhagen climate summit in December. The WilderHill New Energy Index of 88 renewable-energy stocks, after surging 40 percent in 2009, has slumped 25 percent this year, more than the 7 percent drop of the MSCI World index.
Other companies are following similar acquisition plans.
EcoSecurities was set up by Brazilian scientist Pedro Moura Costa in 1997. It advised companies in nations such as India and China on how to claim UN credits for cutting emissions, sometimes taking stakes in those projects, and helped them sell the resulting certificates. Polluters in Europe or Japan use UN credits to meet their obligations under climate-protection laws.
Under Moura Costa the company sometimes allowed employees to pursue their interests ahead of profits and the cost structure grew too large, Nicholls said.
“In the early stages it was a bit of a lifestyle company,” Nicholls said. “The overwhelming wish of the independent directors was to try and get profitable. We received a number of approaches and everyone involved a significant cut in the cost base.”
--Editors: Todd White, Reed Landberg
“It is possible that EcoSecurities will be in a position to make additional acquisitions in this area over the next few years,” said Mark Nicholls, an independent director for the Dublin-based investor in carbon credits. Nicholls served as its chairman from 2005 until the takeover by JPMorgan last December.
“This was not a trading play, not a one- to three-year plan, but a long-term plan by JPMorgan to get into this space, and we are delivering on that plan,” he said in a written response to questions.
Boosting its wager may help JPMorgan strengthen its role in a market that the U.S. Commodities Futures Trading Commission says has the potential to be worth $2 trillion. Before that, EcoSecurities Chief Executive Officer Paul Kelly must ride out a slump in emissions trading after the U.S., the European Union and Australia reined in plans to build carbon markets.
The acquisition “looks to the future, but we don’t know what the future is,” said Gus Hochschild, an analyst at Mirabaud Securities LLP in London. “People are taking options.”
Scale of Business
EcoSecurities has taken stakes in 341 emissions-cutting projects in developing nations, more than any other company under a United Nations-supervised climate change program, data compiled by Bloomberg show.
In return, the company earns tradable credits that may be sold to other investors or to industries that use them as pollution permits. Other UN credit investors include Italian utility Enel SpA and Goldman Sachs Group Inc.
The value of UN-sponsored credits produced last year dropped 59 percent to $2.7 billion as the bureaucrats running the system struggled to process applications, the World Bank said last month.
Kelly, the JPMorgan executive who led the acquisition team and now steers EcoSecurities through the slump, has cut back investment in new projects until the regulatory outlook clears, just as competitors are doing, Nicholls said.
“There’s not enough clarity to continue to be able to invest in the market robustly,” Kelly told a May 26 conference in Cologne.
Curbing Costs
Kelly is also reining in costs.
EcoSecurities also cut jobs, according to three former employees who asked not to be named. Nicholls declined to comment on layoffs. The company had 290 staff in 25 countries at the end of 2008, according to its annual report.
The restructuring meant “significant attrition,” said Abyd Karmali, global head of carbon markets at Bank of America Merrill Lynch, said in a telephone interview. “There are a lot of people on the beach.”
“Most people feel that JPMorgan were buying a portfolio and happened to get 200 people along with it,” said Trevor Sikorski, an analyst at Barclays Capital in London. “We used to have a fairly good relationship with Eco, and we just don’t see them anymore.”
Turning Profit
EcoSecurities earned 255,000 pounds ($378,000) on sales of 60 million pounds in the first half of 2009, in the last report before the takeover. That performance followed six straight years of annual losses.
Even as EcoSecurities made a profit, the UN program for reducing emissions was running into trouble.
The supervisory board suspended TUEV SUED AG from verifying projects in March, the third auditor to be sanctioned in the past two years. That has added to a backlog that has developed as regulators try to determine whether thousands of projects will deliver genuine carbon-emissions savings.
Officials in 2009 approved 684 projects to begin generating credits and have more than 2,900 unregistered projects waiting to be assessed, according to the UN. It takes on average more than three years for projects to earn their first credits after their applications are submitted, the World Bank said.
Climate Talks
UN-led negotiations to secure global limits on carbon dioxide emissions are stalled after world leaders failed to broker a deal at the Copenhagen climate summit in December. The WilderHill New Energy Index of 88 renewable-energy stocks, after surging 40 percent in 2009, has slumped 25 percent this year, more than the 7 percent drop of the MSCI World index.
Other companies are following similar acquisition plans.
EcoSecurities was set up by Brazilian scientist Pedro Moura Costa in 1997. It advised companies in nations such as India and China on how to claim UN credits for cutting emissions, sometimes taking stakes in those projects, and helped them sell the resulting certificates. Polluters in Europe or Japan use UN credits to meet their obligations under climate-protection laws.
Under Moura Costa the company sometimes allowed employees to pursue their interests ahead of profits and the cost structure grew too large, Nicholls said.
“In the early stages it was a bit of a lifestyle company,” Nicholls said. “The overwhelming wish of the independent directors was to try and get profitable. We received a number of approaches and everyone involved a significant cut in the cost base.”
--Editors: Todd White, Reed Landberg
EPA finalises timeline for GHG regulation /// Point Carbon
13 May 2010 20:10
CET Last updated: 14 May 2010 05:27 CET
The EPA today unveiled its plan to eventually regulate 70 per cent of all US GHG output.
The US Environmental Protection Agency (EPA) said it will use a “phase-in” approach to bring power plants and oil refineries under the new regulations, which will require large emitters to obtain new GHG permits in order to operate their facilities.
The permit requirements will begin in January 2011, when facilities that already obtain Clean Air Act (CAA) permits for other pollutants such as lead, sulfur dioxide and nitrogen dioxide, will be required to acquire the GHG permits.
The permits will be needed to demonstrate that a facility is using the best technology available to limit its GHG emissions.
In July 2011, the regulations will expand to cover all new facilities with GHG emissions of at least 100,000 tonnes per year and modifications at existing facilities that would increase GHG emissions by at least 75,000 tonnes per year.
The permits must demonstrate the use of best available control technologies (Bact) to minimise GHG emission increases when facilities are constructed or significantly modified, the EPA said.
Bact will be determined on a "case-by-case basis", a spokeswoman for the EPA said.
Under the new emissions thresholds for GHGs that begin in July 2011, EPA estimates approximately 900 additional permitting actions covering new sources and modifications to existing sources would be subject to review each year.
In addition, 550 sources will need to obtain operating permits for the first time because of their GHG emissions, the EPA said.
EPA Administrator Lisa Jackson said emissions from small farms, restaurants and all but the "very largest commercial facilities will not be covered by the programme at this time".
In 2011, the EPA will undertake another rulemaking process to determine what action should be taken regarding GHG emissions from smaller sources, but Jackson said permits will never be required of facilities that emit less than 50,000 tonnes a year.
She added that no requirement for smaller sources will take effect until at least 30 April, 2016.
Politics
The EPA says it has no choice but to move forward with regulations of GHGs after a 2007 Supreme Court decision, which found that GHGs represent a danger to the public health and welfare, even though doing so is not popular with many members of the business community and many in Congress.
The climate legislation introduced yesterday by Senators John Kerry and Joe Lieberman would bar the EPA from implementing their regulations in full.
Kerry said his bill represents the last good chance to avoid EPA regulations, and encouraged senators to vote for it.
"The Obama administration has again reminded Washington that if Congress won’t legislate, the EPA will regulate," he said.
“Those who have spent years stalling need to understand: killing a Senate bill is no longer success."
epublican Senator Lisa Murkowski has introduced a disapproval resolution that would halt the EPA from moving forward with its plan.
She is expected to call for a Senate vote on her resolution in the coming weeks.
By Rory Carroll – rc@pointcarbon.com
CET Last updated: 14 May 2010 05:27 CET
The EPA today unveiled its plan to eventually regulate 70 per cent of all US GHG output.
The US Environmental Protection Agency (EPA) said it will use a “phase-in” approach to bring power plants and oil refineries under the new regulations, which will require large emitters to obtain new GHG permits in order to operate their facilities.
The permit requirements will begin in January 2011, when facilities that already obtain Clean Air Act (CAA) permits for other pollutants such as lead, sulfur dioxide and nitrogen dioxide, will be required to acquire the GHG permits.
The permits will be needed to demonstrate that a facility is using the best technology available to limit its GHG emissions.
In July 2011, the regulations will expand to cover all new facilities with GHG emissions of at least 100,000 tonnes per year and modifications at existing facilities that would increase GHG emissions by at least 75,000 tonnes per year.
The permits must demonstrate the use of best available control technologies (Bact) to minimise GHG emission increases when facilities are constructed or significantly modified, the EPA said.
Bact will be determined on a "case-by-case basis", a spokeswoman for the EPA said.
Under the new emissions thresholds for GHGs that begin in July 2011, EPA estimates approximately 900 additional permitting actions covering new sources and modifications to existing sources would be subject to review each year.
In addition, 550 sources will need to obtain operating permits for the first time because of their GHG emissions, the EPA said.
EPA Administrator Lisa Jackson said emissions from small farms, restaurants and all but the "very largest commercial facilities will not be covered by the programme at this time".
In 2011, the EPA will undertake another rulemaking process to determine what action should be taken regarding GHG emissions from smaller sources, but Jackson said permits will never be required of facilities that emit less than 50,000 tonnes a year.
She added that no requirement for smaller sources will take effect until at least 30 April, 2016.
Politics
The EPA says it has no choice but to move forward with regulations of GHGs after a 2007 Supreme Court decision, which found that GHGs represent a danger to the public health and welfare, even though doing so is not popular with many members of the business community and many in Congress.
The climate legislation introduced yesterday by Senators John Kerry and Joe Lieberman would bar the EPA from implementing their regulations in full.
Kerry said his bill represents the last good chance to avoid EPA regulations, and encouraged senators to vote for it.
"The Obama administration has again reminded Washington that if Congress won’t legislate, the EPA will regulate," he said.
“Those who have spent years stalling need to understand: killing a Senate bill is no longer success."
epublican Senator Lisa Murkowski has introduced a disapproval resolution that would halt the EPA from moving forward with its plan.
She is expected to call for a Senate vote on her resolution in the coming weeks.
By Rory Carroll – rc@pointcarbon.com
Aviation Q&A: the impact of flying on the environment /// The Guardian,uk
Flying is a heated topic. But if there is no such thing as an 'eco-friendly' flight, is grounding planes the only option?
There's no way around the fact that flights are bad news for the environment. It's not just that planes are worse than most other forms of transport in terms of the impact of greenhouse gases per passenger mile. Just as important is the simple fact that flying allows us to travel a far greater number of miles than we otherwise could. Thanks to these two factors, individual trips by air can have a remarkably large carbon footprint – which helps explain why aviation has become such a heated issue in the climate change debate.
What is the total impact of flying on the climate?
As the aviation industry is usually keen to point out, planes account for only around 1.5%–2% of global CO2 emissions. However, this figure is somewhat misleading. For one thing, most flights are taken by the wealthy, so in developed countries the slice of CO2 emissions caused by flying is higher – around 6.3% in the UK, according to Department for Transport figures for 2005. Even this figure underplays aviation's environmental footprint, however, and not just because the number of flights has risen since 2005. There are at least three other reasons why 6.3% is likely to be a strong underestimate.
First, the total global warming impact of each flight is thought to be around twice as high as the CO2 emissions alone (see 'What's an aviation multiplier?', below). Second, the figures are skewed in favour of British travellers. The standard way to account for the emissions for an international flight is to allocate half to the country of departure and half to the country of arrival. But UK residents take up two-thirds of the seats on the average plane landing at or taking off from a British airport. This means the official statistics are effectively offloading the emissions of British holidaymakers and businesspeople on to the countries they're visiting. Third, the aviation industry causes emissions over and above those of the planes themselves. The processing and transportation of the aviation fuel, and the manufacture and maintenance of planes, airports and support vehicles all create extra carbon dioxide.
There's not enough data to say for sure, but it seems likely that aviation's true impact in the UK is around 13%–15% of total greenhouse gas emissions. If that still sounds fairly low, compared with the massive amounts of attention heaped on aviation by climate change campaigners, bear in mind that most people in the UK don't regularly fly. The average British resident takes a short-haul leisure flight only every two years, and a long-haul leisure flight only every five years. In other words, the air travel of a minority of regular flyers causes a substantial slice of UK emissions.
Is the UK government's aviation policy compatible with its carbon targets?
It's very hard to reconcile the British government's plans for increased aviation capacity with its plans for carbon cuts. The UK is seeking to reduce its emissions by 80% by 2050, relative to 1990 levels. At the same time it predicts a rise in the number of flights sufficient to use up more than half of the remaining 20% of emissions.
What about greener planes?
A number of technologies designed to reduce the environmental impact of flying have been researched, tested and implemented. However, compared with greener cars, where the technologies are proved and the carbon saving huge, the potential for eco-friendly flying looks rather limited. There will be some further gains in engine efficiency over the coming decades, and larger planes with more seats will allow slightly lower emissions per passenger. But there is nothing in the pipeline with the transformative potential of the electric car.
The problem is that electric motors can't produce enough power to get a plane off the ground, so the only alternative to regular kerosene-based aviation fuels are special kinds of biofuels. These aren't an ideal solution, since biofuels can be environmentally problematic in themselves, and anyhow it would take a huge chunk of the world's arable land to grow enough crops to fuel all the world's planes. (A back-of-the-envelope calculation suggests it might require as much as a fifth of all cropland.)
What can individuals do?
For anyone concerned about their contribution to global warming, cutting back on air travel is an obvious goal. This might mean giving up flying altogether or it might mean taking fewer flights and picking destinations that are closer to home. It's true that short flights tend to be more harmful to the climate per mile travelled than long-haul flights are (because they have more empty seats, and because taking off and landing burns more fuel than cruising) but this doesn't change the fact that the further you travel, the greater the emissions that will result.
If you do fly, you can in theory make some small difference to the carbon impact by favouring day-time flights. This at least means that any contrails (see 'What's an aviation multiplier?' below) caused by the plane will reflect some sunlight away from the Earth in addition to locking warmth into the atmosphere. Also consider limiting your luggage.
Finally, you might want to consider which airlines you use. People often assume that budget flights are somehow more eco-unfriendly than expensive ones. In fact, the opposite tends to be true. Budget airlines pack more passengers on each flight and typically have younger, more fuel-efficient fleets than longer-established airlines. Indeed, the least eco-friendly tickets of all aren't the cheapest but the most expensive. Business-class and first-class seats take up more space on the plane, thereby reducing the number of people who can fit on each flight.
Is it really greener to go by train?
As a rule, taking the train instead of the plane will substantially reduce your carbon emissions – perhaps by a factor of five to ten on a domestic trip. The benefits will be somewhat reduced as the journey gets longer. That's partly because shorter flights are more polluting per passenger mile than longer ones, but it's also because long train journeys usually necessitate sleeping onboard. Sleeper cars usually carry fewer passengers than regular carriages, so their emissions per passenger are higher. If, as is common in some countries, the train is powered by diesel rather than electricity, then the emissions will typically be higher still. Indeed, an old diesel sleeper train travelling a long distance might emit nearly as much CO2₂per passenger as a plane. Even then, the train will typically be greener once you consider the plane's non-CO2 warming effects, but the fact remains that long-haul rail is not by any means inherently eco-friendly.
Unfortunately, almost every long-distance train journey will cost you far more than flying would. Indeed, the difference in price is often so great that for some unavoidable trips it would arguably make sense to take the plane and spend the savings on something more environmentally beneficial than a train ticket, such as insulation at home.
What's an 'aviation multiplier'?
The impact of planes on the climate is complicated and not perfectly understood. The CO2 emissions are straightforward enough, but plane engines also generate a host of other "outputs", including nitrous oxide, water vapour and soot. At flying altitudes in the upper troposphere and lower stratosphere, these outputs produce a range of climatic effects, multiplying the plane's environmental impact. For example, nitrous oxide causes the formation of ozone — a greenhouse gas that warms the local climate — but at the same time undergoes reactions which destroy methane, thereby removing another greenhouse gas from the atmosphere.
Even more complicated is the impact of soot and water vapour, which together can cause contrails (vapour trails) and in cold air can lead to the formation of cirrus clouds. The science surrounding this topic is not yet rock solid, but researchers believe that contrails add to the greenhouse effect – especially at night, when their tendency to stop heat escaping from the Earth isn't offset by their tendency to reflect incoming sunlight.
Today, most experts favour an aviation "multiplier" of around two. In other words, they believe that the total impact of a plane is approximately twice as high as its CO2 emissions. The exact multiplier, however, will always depend on the individual plane, the local climate and the time of day.
• This article is adapted from The Rough Guide to Green Living by Duncan Clark
Duncan Clark guardian.co.uk, Tuesday 6 April 2010 12.08
Does air travel really have a big environmental footprint?
There's no way around the fact that flights are bad news for the environment. It's not just that planes are worse than most other forms of transport in terms of the impact of greenhouse gases per passenger mile. Just as important is the simple fact that flying allows us to travel a far greater number of miles than we otherwise could. Thanks to these two factors, individual trips by air can have a remarkably large carbon footprint – which helps explain why aviation has become such a heated issue in the climate change debate.
What is the total impact of flying on the climate?
As the aviation industry is usually keen to point out, planes account for only around 1.5%–2% of global CO2 emissions. However, this figure is somewhat misleading. For one thing, most flights are taken by the wealthy, so in developed countries the slice of CO2 emissions caused by flying is higher – around 6.3% in the UK, according to Department for Transport figures for 2005. Even this figure underplays aviation's environmental footprint, however, and not just because the number of flights has risen since 2005. There are at least three other reasons why 6.3% is likely to be a strong underestimate.
First, the total global warming impact of each flight is thought to be around twice as high as the CO2 emissions alone (see 'What's an aviation multiplier?', below). Second, the figures are skewed in favour of British travellers. The standard way to account for the emissions for an international flight is to allocate half to the country of departure and half to the country of arrival. But UK residents take up two-thirds of the seats on the average plane landing at or taking off from a British airport. This means the official statistics are effectively offloading the emissions of British holidaymakers and businesspeople on to the countries they're visiting. Third, the aviation industry causes emissions over and above those of the planes themselves. The processing and transportation of the aviation fuel, and the manufacture and maintenance of planes, airports and support vehicles all create extra carbon dioxide.
There's not enough data to say for sure, but it seems likely that aviation's true impact in the UK is around 13%–15% of total greenhouse gas emissions. If that still sounds fairly low, compared with the massive amounts of attention heaped on aviation by climate change campaigners, bear in mind that most people in the UK don't regularly fly. The average British resident takes a short-haul leisure flight only every two years, and a long-haul leisure flight only every five years. In other words, the air travel of a minority of regular flyers causes a substantial slice of UK emissions.
Is the UK government's aviation policy compatible with its carbon targets?
It's very hard to reconcile the British government's plans for increased aviation capacity with its plans for carbon cuts. The UK is seeking to reduce its emissions by 80% by 2050, relative to 1990 levels. At the same time it predicts a rise in the number of flights sufficient to use up more than half of the remaining 20% of emissions.
What about greener planes?
A number of technologies designed to reduce the environmental impact of flying have been researched, tested and implemented. However, compared with greener cars, where the technologies are proved and the carbon saving huge, the potential for eco-friendly flying looks rather limited. There will be some further gains in engine efficiency over the coming decades, and larger planes with more seats will allow slightly lower emissions per passenger. But there is nothing in the pipeline with the transformative potential of the electric car.
The problem is that electric motors can't produce enough power to get a plane off the ground, so the only alternative to regular kerosene-based aviation fuels are special kinds of biofuels. These aren't an ideal solution, since biofuels can be environmentally problematic in themselves, and anyhow it would take a huge chunk of the world's arable land to grow enough crops to fuel all the world's planes. (A back-of-the-envelope calculation suggests it might require as much as a fifth of all cropland.)
What can individuals do?
For anyone concerned about their contribution to global warming, cutting back on air travel is an obvious goal. This might mean giving up flying altogether or it might mean taking fewer flights and picking destinations that are closer to home. It's true that short flights tend to be more harmful to the climate per mile travelled than long-haul flights are (because they have more empty seats, and because taking off and landing burns more fuel than cruising) but this doesn't change the fact that the further you travel, the greater the emissions that will result.
If you do fly, you can in theory make some small difference to the carbon impact by favouring day-time flights. This at least means that any contrails (see 'What's an aviation multiplier?' below) caused by the plane will reflect some sunlight away from the Earth in addition to locking warmth into the atmosphere. Also consider limiting your luggage.
Finally, you might want to consider which airlines you use. People often assume that budget flights are somehow more eco-unfriendly than expensive ones. In fact, the opposite tends to be true. Budget airlines pack more passengers on each flight and typically have younger, more fuel-efficient fleets than longer-established airlines. Indeed, the least eco-friendly tickets of all aren't the cheapest but the most expensive. Business-class and first-class seats take up more space on the plane, thereby reducing the number of people who can fit on each flight.
Is it really greener to go by train?
As a rule, taking the train instead of the plane will substantially reduce your carbon emissions – perhaps by a factor of five to ten on a domestic trip. The benefits will be somewhat reduced as the journey gets longer. That's partly because shorter flights are more polluting per passenger mile than longer ones, but it's also because long train journeys usually necessitate sleeping onboard. Sleeper cars usually carry fewer passengers than regular carriages, so their emissions per passenger are higher. If, as is common in some countries, the train is powered by diesel rather than electricity, then the emissions will typically be higher still. Indeed, an old diesel sleeper train travelling a long distance might emit nearly as much CO2₂per passenger as a plane. Even then, the train will typically be greener once you consider the plane's non-CO2 warming effects, but the fact remains that long-haul rail is not by any means inherently eco-friendly.
Unfortunately, almost every long-distance train journey will cost you far more than flying would. Indeed, the difference in price is often so great that for some unavoidable trips it would arguably make sense to take the plane and spend the savings on something more environmentally beneficial than a train ticket, such as insulation at home.
What's an 'aviation multiplier'?
The impact of planes on the climate is complicated and not perfectly understood. The CO2 emissions are straightforward enough, but plane engines also generate a host of other "outputs", including nitrous oxide, water vapour and soot. At flying altitudes in the upper troposphere and lower stratosphere, these outputs produce a range of climatic effects, multiplying the plane's environmental impact. For example, nitrous oxide causes the formation of ozone — a greenhouse gas that warms the local climate — but at the same time undergoes reactions which destroy methane, thereby removing another greenhouse gas from the atmosphere.
Even more complicated is the impact of soot and water vapour, which together can cause contrails (vapour trails) and in cold air can lead to the formation of cirrus clouds. The science surrounding this topic is not yet rock solid, but researchers believe that contrails add to the greenhouse effect – especially at night, when their tendency to stop heat escaping from the Earth isn't offset by their tendency to reflect incoming sunlight.
Today, most experts favour an aviation "multiplier" of around two. In other words, they believe that the total impact of a plane is approximately twice as high as its CO2 emissions. The exact multiplier, however, will always depend on the individual plane, the local climate and the time of day.
• This article is adapted from The Rough Guide to Green Living by Duncan Clark
The Traits of a Highly Effective and Successful Chief Sustainability Officer /// The Green Economy Post
The Traits of a Highly Effective and Successful Chief Sustainability Officer
Verdantix, recently released a free report, that explains why the Chief Sustainability Officer (CSO) is needed, defines the role of the CSO, and provides a profile to guide the appointment of the CSO. It also explains why organizations face a climate change and sustainability management deficit, why fixing sustainability governance gains is becoming a major priority by a growing number of firms, how the CSO can spearhead business transformation, who the ideal candidate for the chief sustainability officer role is, and what are the three priority areas of domain expertise.
Case studies of the following companies used in the study: Allianz Insurance, British Airways, BT, CA, Carbon Systems, CH2M Hill, Chrysler, Cisco, Deloitte, The Dow Chemical Company, ECX, Fiat, Ford, General Electric, General Motors, Hara, IBM, IHS, Kroger, McKinsey & Company, Microsoft, Norman Broadbent, Orange, SAP, Shell, Siemens, Tesco, Toyota, Unilever, UTC The responsibilities for the CSOs in these organization are similar: develop climate change strategy, improve sustainability governance, launch climate change and sustainability products and implement policies that move the organization on a global basis towards strategic sustainable business goals. These organizations have appointed senior executives to lead their companies’ sustainability initiatives.
Organizations Face a Climate Change and Sustainability management Deficit because of:
A combination of new regulations and uncoordinated climate change and sustainability initiatives.
Fixing Sustainability Governance Gains Urgency in 2010
Transforming an organization’s business model often takes decades. Creating a low carbon business model is no exception, so it is likely most companies will not achieve their target emissions goals by 2020.
Climate change and sustainable growth markets offer many organizations an opportunity to rebuild profits after a global trend of cost cutting with companies seeing untapped operational efficiencies dwindle.
Global adoption of climate change regulations has raised compliance risks, with company director being held responsible for the compliance data reported to government. Most companies are increasingly exposed to inaccurate carbon reporting risks as they are still using Microsoft Excel.
Firms with less developed climate change and sustainability strategies will become less competitive as an increasing number of organizations appoint senior executives to lead climate change and sustainability programs, as well as back them with the finding to drive competitive advantage.
The Chief Sustainability Officer Spearheads Business Transformation
Firms who address climate change with stop gap measures will find that they are not adequate to implement necessary complex sustainable business strategies. This management deficit is exacerbated by market trends which increase risks and highlight opportunities. To tackle these issue organizations need to abandon tactical approaches and switch to a strategic program. They should also appoint a senior executive who
Defines a five to 10 year sustainability strategy with the executive team, which will establish the missing interface between funding priorities and the pool of business cases circulating in functional areas like supply chain and IT.
Implements a CEO backed multi-year sustainable business transformation program.
Identifies significant revenue opportunities requiring C-Level investment, making it a strategic priority, which is necessary for the climate change and sustainability to gain traction with the organization.
Creates organization-wide sustainability data management and metrics initiatives to ensure accuracy and consistency, which ultimately enables him/her to set targets and make operational improvements.
Ensures that the firm achieves energy efficiency and carbon reduction goals
Engages with policy makers to align strategy with forthcoming policy and regulatory decisions.
Who is The Ideal Candidate For The Chief Sustainability Officer Role
The Chief Sustainability Officer requires board functional experience and a strong personal network within the firm based on at least 10 years of services.
So who is the idea candidate for the Chief Sustainability Officer Role? Download the Verdantix free document Who Should Be The Chief Sustainability Officer? to view the five key capabilities and example behaviors, as well as the CEO Checklist to Appoint The Ideal Chief Sustainability Officer
Verdantix, recently released a free report, that explains why the Chief Sustainability Officer (CSO) is needed, defines the role of the CSO, and provides a profile to guide the appointment of the CSO. It also explains why organizations face a climate change and sustainability management deficit, why fixing sustainability governance gains is becoming a major priority by a growing number of firms, how the CSO can spearhead business transformation, who the ideal candidate for the chief sustainability officer role is, and what are the three priority areas of domain expertise.
by Tracey de Morsella, Green Economy Post
The independent research firm, Verdantix, recently released a free report, Who Should Be The Chief Sustainability Officer, which explains why the Chief Sustainability Officer (CSO) is needed, defines the role of the CSO and provides a profile to guide the appointment of a CSO.Case studies of the following companies used in the study: Allianz Insurance, British Airways, BT, CA, Carbon Systems, CH2M Hill, Chrysler, Cisco, Deloitte, The Dow Chemical Company, ECX, Fiat, Ford, General Electric, General Motors, Hara, IBM, IHS, Kroger, McKinsey & Company, Microsoft, Norman Broadbent, Orange, SAP, Shell, Siemens, Tesco, Toyota, Unilever, UTC The responsibilities for the CSOs in these organization are similar: develop climate change strategy, improve sustainability governance, launch climate change and sustainability products and implement policies that move the organization on a global basis towards strategic sustainable business goals. These organizations have appointed senior executives to lead their companies’ sustainability initiatives.
Organizations Face a Climate Change and Sustainability management Deficit because of:
A combination of new regulations and uncoordinated climate change and sustainability initiatives.
- Ambitious climate change and sustainability plans initiated prior to the economic meltdown, suffered when it came to implementation because many organizations had hiring freezes. This forced them to overload staffing and forego bringing in the necessary expertise.
- C-suite disinterest in sustainability risks and opportunities has created huge competitve gaps.
- Lack of attention and understanding of boards of directors regarding the long-term impact of climate change often leads to a piecemeal approach to climate changes and sustainability challenges, which over the long run will disrupt value chains.
Fixing Sustainability Governance Gains Urgency in 2010
Transforming an organization’s business model often takes decades. Creating a low carbon business model is no exception, so it is likely most companies will not achieve their target emissions goals by 2020.
Climate change and sustainable growth markets offer many organizations an opportunity to rebuild profits after a global trend of cost cutting with companies seeing untapped operational efficiencies dwindle.
Global adoption of climate change regulations has raised compliance risks, with company director being held responsible for the compliance data reported to government. Most companies are increasingly exposed to inaccurate carbon reporting risks as they are still using Microsoft Excel.
Firms with less developed climate change and sustainability strategies will become less competitive as an increasing number of organizations appoint senior executives to lead climate change and sustainability programs, as well as back them with the finding to drive competitive advantage.
The Chief Sustainability Officer Spearheads Business Transformation
Firms who address climate change with stop gap measures will find that they are not adequate to implement necessary complex sustainable business strategies. This management deficit is exacerbated by market trends which increase risks and highlight opportunities. To tackle these issue organizations need to abandon tactical approaches and switch to a strategic program. They should also appoint a senior executive who
Defines a five to 10 year sustainability strategy with the executive team, which will establish the missing interface between funding priorities and the pool of business cases circulating in functional areas like supply chain and IT.
Implements a CEO backed multi-year sustainable business transformation program.
Identifies significant revenue opportunities requiring C-Level investment, making it a strategic priority, which is necessary for the climate change and sustainability to gain traction with the organization.
Creates organization-wide sustainability data management and metrics initiatives to ensure accuracy and consistency, which ultimately enables him/her to set targets and make operational improvements.
Ensures that the firm achieves energy efficiency and carbon reduction goals
Engages with policy makers to align strategy with forthcoming policy and regulatory decisions.
Who is The Ideal Candidate For The Chief Sustainability Officer Role
The Chief Sustainability Officer requires board functional experience and a strong personal network within the firm based on at least 10 years of services.
- Business transformation experience (post-merger integration or restructuring) to management complexity.
- Ten Years of general management experience in the same firm so that he or she knows what makes key decision-makers tick and the climate change and sustainability program with existing priorities and big personalities.
- Innovation expertise to evangelize disruptive change as he or she needs to work with with product, marketing and sales leaders to design, launch and succeed with new climate change and sustainability offerings.
- Industry expertise have also prioritized three areas of domain expertise
- Corporate social responsibility for reporting and communications to stakeholders
- Understanding of energy management to deliver efficiency gains and CO2 reductions which supports initiatives to identify and report back on energy cost savings and to ensure data collection for GHG reporting and brand communications.
- Manufacturing expertise to enhance natural resource efficiency
So who is the idea candidate for the Chief Sustainability Officer Role? Download the Verdantix free document Who Should Be The Chief Sustainability Officer? to view the five key capabilities and example behaviors, as well as the CEO Checklist to Appoint The Ideal Chief Sustainability Officer
China leads accusation that rich nations are trying to sabotage climate treaty/The Guardian
Angry statement from 131 countries at climate talks in Bangkok claims rich nations are rejecting historical responsibilities
John Vidal, environment editor in Bangkok guardian.co.uk, Monday 5 October 2009 12.02BST
The US and other developed countries are attempting to "fundamentally sabotage" the Kyoto protocol and all-important international negotiations over its next phase, according to coordinated statements by China and 130 developing countries at UN climate talks in Bangkok today.
As 180 countries started a second week of talks, the developing countries showed their deep frustration at the slow pace of the negotiations on a global climate deal, which are planned to be concluded in two months' time in Copenhagen.
"The reason why we are not making progress is the lack of political will by Annex 1 [industrialised] countries. There is a concerted effort to fundamentally sabotage the Kyoto protocol," said ambassador Yu Qingtai China's special representative on climate talks. "We now hear statements that would lead to the termination of the protocol. They are introducing new rules, new formats. That's not the way to conduct negotiations," said Yu.
Yu's was echoed by Lumumba Di-Aping, Sudanese chair of the G77, the UN's largest intergovernmental organisation of developing states which represents 130 countries at the talks. "Feelings are running high in the G77. It is clear now that the rich countries want a deal outside the Kyoto agreement. It would be based on a total rejection of their historical responsibilities. This is an alarming development. The intention of developed countries is clearly to kill the protocol," he said.
The angry statements follow a revelation by Barack Obama's energy adviser, Carol Browner, that she did not expect the US Senate to vote on its crucial global warming bill before the Copenhagen talks. That will severely limit Obama's room for manoeuvre at the summit and is the first time the White House has made such an admission.
The G77 plus China group is incensed that rich countries appear to be seeking to establish a new agreement that would force developing countries to cut emissions, but allow rich countries to do little.
In the talks, the US has said it wants a new approach which would move away from a legally binding world agreement to one where individual countries pledged cuts in their national emissions without binding timetables and targets. It is a change from the top down approach of Kyoto, in which total emissions targets are determined by the science, to one in which individual countries pledge their own emissions cuts.
This is seen as undermining the Kyoto framework, which took many years to build, and has until now been the foundation for committing all countries to cut their emissions. The US team in Bangkok declined to respond to today's criticism.
Developed countries have so far refused to show their hand on what their emission cuts should be. The UN's Intergovermental Panel on Climate Change has estimated that to keep below a 2C rise in temperatures they need to cut their emissions by 25-40% by 2020, compared with 1990 levels. But developing countries are calling for an aggregate cut of at least 40%.
But with fewer than 10 days of formal negotiations left before the Copenhagen talks begin, poor countries are complaining that they are being expected to cut emissions but the US and others are being allowed to get away with minimal cuts.
The UN estimates that the combined cut from national pledges made by rich countries, without the US, comes to 16-23%. However, a new analysis by the Alliance of Small Island States, estimates that this drops to just 11-18% with the US's present offer. If rich countries are allowed to offset large amounts of emissions, as expected, this would mean that the world's rich countries might not to have to make any emissions cuts at home.
Several of the world's largest developing countries including China and India, Indonensia and Mexico have indicated that they are ready to make significant emissions cuts.
"The United States wants only to have a national target without binding it to a global treaty. It appears to have won over many other developed countries," said Martin Khor, the director of the South Centre, a think tank of poor countries based in Geneva.
"They are stressing that developing countries have 'common' responsibilities, a code for pulling in the developing countries into emission-reduction obligations, while down-playing the 'differentiated' responsibilities that recognise that the developing countries have had little role in the historic emissions and need space for economic development."
Ed Miliband, the secretary of state for energy and climate change, said he remained optimistic that a deal could be struck at Copenhagen, despite the increase in tension in Bangkok. He said he was confident heads of state would be able to succeed in December where their official negotiators had apparently so far failed.
"This is really too important to be left to formal negotiators. If we are to get an agreement we need leaders, who can knock heads together," Miliband said, speaking in Moscow, where he is on a two-day official visit. He told the Guardian: 'If we treat this like a conventional negotiation we are going to fail... I think leaders can crack this problem.'
link:www.guardian.co.uk/environment/2009/oct/05/climate-change-kyoto
John Vidal, environment editor in Bangkok guardian.co.uk, Monday 5 October 2009 12.02BST
The US and other developed countries are attempting to "fundamentally sabotage" the Kyoto protocol and all-important international negotiations over its next phase, according to coordinated statements by China and 130 developing countries at UN climate talks in Bangkok today.
As 180 countries started a second week of talks, the developing countries showed their deep frustration at the slow pace of the negotiations on a global climate deal, which are planned to be concluded in two months' time in Copenhagen.
"The reason why we are not making progress is the lack of political will by Annex 1 [industrialised] countries. There is a concerted effort to fundamentally sabotage the Kyoto protocol," said ambassador Yu Qingtai China's special representative on climate talks. "We now hear statements that would lead to the termination of the protocol. They are introducing new rules, new formats. That's not the way to conduct negotiations," said Yu.
Yu's was echoed by Lumumba Di-Aping, Sudanese chair of the G77, the UN's largest intergovernmental organisation of developing states which represents 130 countries at the talks. "Feelings are running high in the G77. It is clear now that the rich countries want a deal outside the Kyoto agreement. It would be based on a total rejection of their historical responsibilities. This is an alarming development. The intention of developed countries is clearly to kill the protocol," he said.
The angry statements follow a revelation by Barack Obama's energy adviser, Carol Browner, that she did not expect the US Senate to vote on its crucial global warming bill before the Copenhagen talks. That will severely limit Obama's room for manoeuvre at the summit and is the first time the White House has made such an admission.
The G77 plus China group is incensed that rich countries appear to be seeking to establish a new agreement that would force developing countries to cut emissions, but allow rich countries to do little.
In the talks, the US has said it wants a new approach which would move away from a legally binding world agreement to one where individual countries pledged cuts in their national emissions without binding timetables and targets. It is a change from the top down approach of Kyoto, in which total emissions targets are determined by the science, to one in which individual countries pledge their own emissions cuts.
This is seen as undermining the Kyoto framework, which took many years to build, and has until now been the foundation for committing all countries to cut their emissions. The US team in Bangkok declined to respond to today's criticism.
Developed countries have so far refused to show their hand on what their emission cuts should be. The UN's Intergovermental Panel on Climate Change has estimated that to keep below a 2C rise in temperatures they need to cut their emissions by 25-40% by 2020, compared with 1990 levels. But developing countries are calling for an aggregate cut of at least 40%.
But with fewer than 10 days of formal negotiations left before the Copenhagen talks begin, poor countries are complaining that they are being expected to cut emissions but the US and others are being allowed to get away with minimal cuts.
The UN estimates that the combined cut from national pledges made by rich countries, without the US, comes to 16-23%. However, a new analysis by the Alliance of Small Island States, estimates that this drops to just 11-18% with the US's present offer. If rich countries are allowed to offset large amounts of emissions, as expected, this would mean that the world's rich countries might not to have to make any emissions cuts at home.
Several of the world's largest developing countries including China and India, Indonensia and Mexico have indicated that they are ready to make significant emissions cuts.
"The United States wants only to have a national target without binding it to a global treaty. It appears to have won over many other developed countries," said Martin Khor, the director of the South Centre, a think tank of poor countries based in Geneva.
"They are stressing that developing countries have 'common' responsibilities, a code for pulling in the developing countries into emission-reduction obligations, while down-playing the 'differentiated' responsibilities that recognise that the developing countries have had little role in the historic emissions and need space for economic development."
Ed Miliband, the secretary of state for energy and climate change, said he remained optimistic that a deal could be struck at Copenhagen, despite the increase in tension in Bangkok. He said he was confident heads of state would be able to succeed in December where their official negotiators had apparently so far failed.
"This is really too important to be left to formal negotiators. If we are to get an agreement we need leaders, who can knock heads together," Miliband said, speaking in Moscow, where he is on a two-day official visit. He told the Guardian: 'If we treat this like a conventional negotiation we are going to fail... I think leaders can crack this problem.'
link:www.guardian.co.uk/environment/2009/oct/05/climate-change-kyoto
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