Outlook: Roles & Direction of Future Carbon Management and Carbon Market Presentation Bangkok, 1 August 2012 Mr. Patana S
Contents • South Pole Carbon • Current Carbon Market at a glance • Direction of Carbon Market • Carbon Management 2
South Pole has a wealth of international experience Head office [staff number] • Incorporated in Satellite office [staff number] July 2006 Local presence [staff number] • 10+ offices worldwide • Over 75+ carbon professionals • Projects in 20+ countries Zurich [19] Istanbul [2] Beijing [12] California [1] • Specialized in high- Islamabad [1] Taipei [1] quality “Gold Standard” Mexico City [7] New Delhi [3] Hanoi [2] projects Bangkok [17] Caracas [1] Medellin [1] • Developing both Jakarta [8] voluntary and Sydney [15] compliance credits Johannesburg [1] Approx as of Jan 2012 3
International Market Leader in compliance and voluntary market Rated among the World’s Premium quality Carbon Market Firsts Best Carbon Companies • One of the top GS VER • Brought to market the • Voted as the best project first ever Gold Standard developers with 10% of developer by Carbon Fiance carbon credits (Biomass entire GS VER pipeline Magazine for two consecutive Malawalli / India) year on 2011 & 2012 • Leading developer of • Handled the first ever GS CER projects with international Kyoto 25% of entire GS CER carbon credit transfer pipeline • First company to • Issued more than 15 millions cancel CERs , making sure that they cannot be carbon credits worldwide resold • Issued more than 2 millions carbon credits from Thai projects 4
South Pole references – an extensive network of high quality buyers • Participation in the UNFCCC Methodology Panel • Involved in major climate change negotiations since 1997 • Carbon advisory to international organizations (World Bank, European Unparalleled carbon Commission, World Economic Forum, GTZ, Africa Progress Panel, World market expertise Food Programme, …) and to registered CDM projects with a volume of 100 million tCO2e until 2012 • Top-rated compliance buyers such as the Austrian Government, Swiss Government, Climate Cent Foundation (Switzerland), Italcementi Group, LUSO Carbon Fund (Portugal), EGL, ... Extensive • Well-known voluntary buyers client network such as BP, Unilever, Axpo, Swiss Re, WWF, Austrian Post, Eneco Energy, RBC, Greenpeace, Ben & Jerry’s, Transoflex , …) 5
• South Pole Carbon • Current Carbon Market at a glance • Direction of Carbon Market • Carbon Management 6
Carbon credits – how it works Man-made global warming threatens the basis of life, foremost it is threatening the poorest A project that reduces greenhouse emissions can generate carbon credits that are certified countries, and increasingly it threatens the standard of living in the industrialized world. under the Kyoto Protocol or voluntary standards. The carbon credits can be sold to Market based mechanisms are a strong and proven tool, beyond energy efficiency and governments or companies in industrialised countries who will use them to meet regulatory savings, for the fight against climate change. or voluntary requirements to lower emissions of greenhouse gases globally. For every ton of avoided greenhouse gas emissions, achieved e.g. by replacing fossil fuel power with renewable energies, the project owner is receiving so called carbon credits which can be sold to companies and institutions with a voluntary or compliance carbon reduction strategy. 7
Compliance and voluntary carbon markets Key features Examples • Different types of compliance carbon credits Compliance • EU Emission markets • Kyoto credits (CDM and JI) can be sold Trading Scheme • Kyoto Protocol Market to Kyoto and EU markets • High liquidity • New Zealand Emission Trading Scheme… • Unit price varies little across projects, but premium for Gold Standard certified projects • GS VERs • Carbon credits generated Voluntary markets on the basis of voluntary standards • VCUs • Not suitable for compliance purposes (Kyoto) • VERs for Chicago • Prices vary with quality and origin of projects, Climate Exchange with Gold Standard projects fetching the • … highest price 8
Compliance Market • Phase I – From 2005 to 2007 • Phase II – From 2008 to 2012 • Phase III – From 2013 to 2020 9
Voluntary carbon market 10
Historical CER price 11
Volume of CDM credits 12
Potential demand, contracted supply, and residual demand 13
Reason for the stall 14
• South Pole Carbon • Current Carbon Market at a glance • Direction of Carbon Market • Carbon Management 15
Potential demand from Non-Annex 1 country after 2012 16
Potential Supply under the CDM and JI 17
Volume of transacted CER 18
Growth of Voluntary Market 19
Type of Projects under Voluntary market 20
Voluntary credit volume and value by Region 21
• South Pole Carbon • Current Carbon Market at a glance • Direction of Carbon Market • Carbon Management 22
CDM restriction 23
CDM Programme of Activity (PoA) Registration PoA in SEA : 5 Projects (2 South Pole) Validated PoA in Thailand : 1 (1 South Pole to be registered on 7/8/2012) 24
Voluntary Carbon Standards 25
Voluntary market standard’s difference 26
South Pole Contacts Bangkok Patana Surawatanapongs Phone: +66 2 678 89 79 P,surawatanapongs@southpolecarbon .com Thank you for your attention! 27
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