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Governments everywhere face the challenge of how to engage their citizens in a program of carbon emissions reductions. There have been two main approaches so far – carbon taxes and personal carbon quotas. We propose Green Credits, an alternative which is based on rewarding citizens after they have taken actions to reduce their emissions. Green Credits are based on consumer loyalty reward schemes – a simple, proven and widely accepted model.
The global consensus on climate change and growing urgency among governments to take action to reduce greenhouse gas emissions means that carbon is rapidly becoming a liability across all business activities. How does that translate for those making or managing investments? The bottom line is that carbon now represents a risk to the value of holdings and portfolios. It is a dynamic risk whose uncertainties are a function of many factors, including impending carbon taxes or quotas, the nature of the underlying, its location, and so on. But to manage risk it must first be measured, therefore we need a way to quantify the exposure of portfolios to carbon. Building on established best practice, we require a new methodology that can capture the size and probability of the threat -- carbon value-at-risk (VaR).
In a low carbon economy corporations, institutions, cities and governments will all need to measure their carbon impact on an ongoing basis. This calls for a new function, that of Enterprise Carbon Management. It also demands software to manage the generation, hedging and reduction of carbon exposure.
‘A fine, commonsense guide to the often bewildering topic of carbon offsetting.’ Tim Flannery, author of The Weather Makers
Want to understand carbon offsetting better? Our book explains the science, the economics, and the powerful environmental reasons to turn to offsetting, particularly tree-planting, to fight climate change. Far-ranging, and easy to understand, Everything You Wanted to Know About Offsetting But Were Afraid to Ask will help anyone, expert and novice alike, see that the maze of options and questions is in fact very simple.
This is an in-depth analysis of how greenhouse gas (GHG) emission reductions can best be achieved by reduced deforestation, reduced logging, and forest management project activities.