WEATHERIZATION AND THE CARBON MARKETS Joel Eisenberg ORNL 703 992 6703 March,2012

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Presentation transcript:

WEATHERIZATION AND THE CARBON MARKETS Joel Eisenberg ORNL March,2012

WHAT IS AN OFFSET? IT IS A WAY FOR A POLLUTER TO SATISFY HIS CARBON EMISSIONS REDUCTION OBLIGATIONS OR DESIRES WITHOUT REDUCING HIS CARBON EMISSIONS

WHERE IS THE CARBON? FUEL OIL LBS PER MBTU NATURAL GAS LBS PER MBTU PROPANE LBS PER MBTU

The Global Carbon Market Total Value in 2008: $126 billion The Compliance Market was $120 billion in 2008 Kyoto Protocol including the Clean Development Mechanism (CDM) EU Emissions Trading Scheme The Voluntary Market was $705 million in 2008 Projected for 2009: $850 million

WHERE CAN I SELL ONE? THERE ARE 60 COMPANIES AROUND THE WORLD SELLING OFFSETS REQUIRE 3 RD PARTY CERTIFICATION VOLUNTARY MARKET NOW SELLS OFFSETS AT ABOUT $12.50 PER TON LAND USE, LAND USE CHANGE, AND FORESTRY CURRENTLY DOMINATES THE MARKET

NOT SO FAST! MEASUREMENT ADDITIONALITY LEAKAGE PERSISTENCE COST OWNERSHIP

What’s Happening in the Voluntary Market? Flight to Standards in the Voluntary Market Attracting many projects that don’t have time/money for the compliance market