Derek Walker, Environmental Defense Fund, California's Carbon Market
Business leadership support the California's clean economy as an economic opportunity
Because it attracts investors, companies are creating jobs - even during this recession
Acre and California agreement through Cap and trade program can help to measure success, reduces costs, provides public accountability, gives participants incentives to meet and surpass environmental goals
Global carbon market now is $ 142 billion dollars (California not included)
Clean technology investment in California increases enormously after AB 32
Today California is approving new Law about cap and trade program
Reinforce the US Climate Action Partnership (USCAP)
Keith Regan, Camco UK
Observations from Intl carbon policy development, carbon credits projects development
UK started with a tax (CCL) and moved towards trading (CCAs)
the EU ETS will soon starte the phase III (2013)
India is implementing an energy efficiency trading scheme
South Africa carbon tax
China 4 regional carbon trading schemes
Energy cost reduction is the driver that industry is in tune with
Trading scheme initial target and further positive price signals
Guilherme Fagundes, environmental products BMF
Brazilian market is not cap and trade but based in projects when companies offered and interested companies are outside of the country
The market is starting: some companies in a voluntary based offer the credits
Since the National policy of Climate change (PNMC) was published (2009) this market increased
Needs:
Regulation:
goals, setoriais plans, market tools
Infrastructure
System to register credits
Market structure
Demand need to be organized by sectors
Credit offer, MDL
Phases are different and need to be understand as pilot programs ( such as in different regions)
Market incentives to companies (Japan)
Mechanisms to be prepared to act in the market (Australia)
Starting here in Brazil:
ICO2 - Efficient Carbon Index
37 companies, launched in 2010. - BVMF BNDES
Walter de Simoni, green economy RJ
RJ state wants to establish a market of carbon emission
Ton CO2/PIB in 2030 need to be less than 2005
Public consultation is open now
They worked with MAC curves (Mackinsey) per sector in order to find out the cost To reduce CO2 emission
Suggestion to create an interstate market through a multistakeholder civil association
The state is studying new credits and incentive in order to be part of the new economy
Next steps:
Pilot in the federal partnership for Market Readiness
Link with California, RGGI, WCI, UK ETS
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