Emergence of Carbon Labeling: Why all the trouble? Jiseok Kim Commissioned Researcher APEC SME Innovation Center.

Slides:

Advertisements

Similar presentations

Regulatory and policy challenges for companies in a climate-constrained world economy Markku Ollikainen Professor of Environmental and Resource Economics.

Advertisements

Energy Efficiency Strategy. THE ENERGY WHITE PAPER Energy White Paper sets out four key goals for energy policy to: Cut the UK’s carbon dioxide emission.

1 ACT AND ADAPT: CLIMATE CHANGE IN SCOTLAND Climate Change Division.

European Structural and Investment Funds Delivery Conference Friday 17th May 2013 Low Carbon Thematic Objective.

Energy Emergency, Climate Crisis: Another Transition is Possible Presentation for “Energy Emergency: Developing Trade Union Strategies for a Global Transition”

Lena Ek Member of the European Parliament. Lena Ek Member of the European Parliament The EU risks permanently lowered growth path The European economy.

The science of climate change Sir David King Chief Scientific Adviser to HM Government British Council/Warsaw University Centre for Environmental Studies.

MINISTRY OF ENERGY RUSSIAN FEDERATION Combined Heat and Power Technologies for Distributed Energy Systems.

Tackling Dangerous Climate Change A UK perspective on a global issue Jonathan Brearley Director – Office Of Climate Change.

1 The UK’s Climate Change Act: opportunities and challenges in building a low carbon economy

Climate Action Reaping the Benefits of Climate Action: A Key Starter for Jobs Creation and Competitive Growth Doha, 27 November 2012 Ana Maria Danila DG.

Energy Tom Howes DG Energy European Commission Europe's renewable energy strategy.

EU Roadmap for moving to a competitive low carbon economy in 2050

→ UK policy & targets Kyoto: reduce emissions of greenhouse gases by 12.5% below 1990 levels by UK targets: –Reduce carbon dioxide emissions by.

Understanding and Influencing Energy Practices Yacob Mulugetta Centre for Environmental Strategy University of Surrey.

Towards a Sustainable Energy Future for Australia Prof Paul E HardistyAugust 2008.

GUNNAR LORENZ HEAD OF UNIT – NETWORKS POWER CHOICES Pathways to carbon-neutral electricity in Europe by November 2009.

UK Renewable Energy Policy with particular reference to bioenergy

Water Utility Carbon Footprint/GHG Emissions Workshop Janice Adair, Department of Ecology September 29, 2009.

Green Growth and EU MEP Zigmantas Balčytis EU 2020 Strategy Presented in 2010 by European Commission Primary goal to restore the economies of EU.

Seventh International Conference on Technologies and Combustion for a Clean Environment - July 2003, Lisbon (Portugal) 1 Socio-economic Aspects of the.

UDA: Global Warming.

The Economic Perspective Economists are not concerned with whether it exists, but whether/what should be done about it. Even though climate change exists,

How the UK Government is responding to climate change Tony Clemson Head of Climate Change Section British Embassy, Seoul.

CVC Sustainable Investments November 2007 Investing in Environmental Sustainability.

Transformational Challenges posed by Climate Change Dietmar Dirmoser Friedrich Ebert Stiftung Oct

Climate Change: Challenges and Opportunities Dr Frank McGovern.

EU Climate Action EU – Central Asia Working Group on

SUSTAINABLE ENERGY DEVELOPMENT IN SOUTH EAST EUROPE Belgrade, 18 October 2013 Climate and Energy Policy in the EU & Austria Georg Rebernig, Environment.

Enabling Support 2 September 2015 Rebecca Carr Senior Heat Policy Advisor.

Why focus on Policy Catherine Thomasson, MD 9/20/15.

Introduction of international standards in energy sector CF “Centre of sustainable production and consumption” Almaty, July 4-6 Safargaleyeva Guzaliya.

Low carbon scenarios for the UK Energy White Paper Peter G Taylor Presented at “Energy, greenhouse gas emissions and climate change scenarios” June.

DEVE LOPING A SUCCESSFUL GEOTHERMAL INDUSTRY IN INDONESIA, CHARTING THE WAY TO A GREEN ENERGY ECONOMY THROUGH FISCAL POLICY REFORMS ( ROLE FOR MINISTRY.

Transport Planning Society Bursary Scheme 18 th November 2009 What is the Role for Buses in Britain’s Future Low Carbon Economy? Laura Price.

Climate Science How serious is the problem? Bruce M. Everett July 15, 2014.

Anni Podimata MEP Member, Committee on Industry, Research and Energy 8th Inter-Parliamentary Meeting on Renewable Energy and Energy Efficiency Budapest,

OECD work on fossil fuel subsidies Helen Mountford Acting Deputy Director OECD Environment Directorate 14 December 2009.

SD for real EAUC Jonathon Porritt 1 st April 2009.

John Cridland Deputy Director General, CBI Economic growth – driving sustainable investment.

Limiting Global Climate Change to 2 °Celsius The way ahead for 2020 and beyond Jos Delbeke DG ENV Director Climate Change & Air Energy for a changing world.

State Climate Policy Solutions For a new, stronger, clean energy economy State Climate Policy Solutions For a new, stronger, clean energy economy NCEL

Climate Change – Defra’s Strategy & Priorities Dr Steven Hill Department for Environment Food and Rural Affairs 22 nd May 2007 FLOODING DESTRUCTION AT.

Is Climate Change material to the application? Planning Policy Statement 1, Section 13 –“to ensure that development plans and decisions taken on planning.

Investing in our future: A European budget for climate security Russell Marsh Head of Policy – Green Alliance.

Energy Information for a Sustainable Energy System – IFEG 24 May 2007 Catherine Mitchell Warwick Business School

Tackling the Economic and Climate Crisis Together ! May 7, 2009 Dr. Jeong-Woo Kil JoongAng m&b.

1 Economics of The European 2020 Climate Goals Torben K. Mideksa Center for International Climate and Environmental Research - Oslo [CICERO] April 18,

Business Opportunities from Climate Change Will Climate Change equal profit or loss? Chris Barnes, CEO, BLEDP Ltd.

Energy Union Leonardo ZANNIER, Policy Officer, ENER A1

3 R’s of Sustainability SESSION 1: The What, Why and How of Sustainability PREVIEW ONLY.

Renewables in the UK 21 st March 2016 Nikki Brain and Ben Pearce, Power Up North London.

The 28 th Dr W Idris Jones Memorial Lecture Achieving the UK’s commitment to CO 2 emissions reduction by 2010 Eoin Lees Chief Executive Energy Saving Trust.

International Renewable Energy Agency

Energy for a changing world

Introduction into Bio Based Economy

UK Climate Policy.

Climate Change – coping with its effects

Prof. Dr. Claudia Kemfert Deutsches Institut für Wirtschaftsforschung

Energy Justice – the policy challenges

Figure 1. Global Carbon Dioxide Emissions from Fossil Fuel Combustion,

Coal – security of coal supply considerations of EURACOAL

Convenient or Not, the Climate is Changing

Energy Mix / Supply & Demand

Communities and the Low Carbon Transition

EU plan: Supporting directives • The EU Renewable Energy Directive was adopted at the end of 2008 • EU Renewable Energy Directive.

Prof. Dr. Claudia Kemfert Deutsches Institut für Wirtschaftsforschung

Anna Garcia Air Innovations Conference August 2004

Figure 1. Global Carbon Dioxide Emissions from Fossil Fuel Combustion,

Continue work on further promotion.

Presentation transcript:

Emergence of Carbon Labeling: Why all the trouble? Jiseok Kim Commissioned Researcher APEC SME Innovation Center

Consequences of a wrong price tag

Out of Business

Price of dumping CO 2 in atmosphere? Very low or ZERO

It doesn’t sound like much. IndexStatus Global CO 2 concentrationUp by 40% PPM) Global temperature Up by 0.7 ℃ Moisture contentUp by 5% Ocean acidityUp by 30%  But consequences can be very expensive

Hurricane Sandy

Everyone knew it was coming…

People had taken measures to prevent damage

Cuba (Oct )

New Jersey, U.S.

New Jersey U.S.

New York, U.S.

Hurricane Sandy damage assessment

The costs could not be avoided

Droughts can be expensive too. And they now last much longer.

2012 UK winter flood with serious economic implications

DEFRA may not renew their agreement for flood defense in  200,000 homes will have no insurance  No mortgage  Slower economy It can be like a subprime mortgage crisis

…and UK droughts

Life-threatening Property-damaging

Dry places get drier. Wet places get wetter Queensland Melbourne Sydney

Queensland: Once in a hundred-year flood in 2010 and 2011

Queensland flood ( ) Damage: $5.6 billion $2.8 billion raised for flood relief by budget cuts $1 billion additional fund by delaying infrastructure projects Flood levy implemented (2011) for everyone who earns more than $50,000 per year Flood insurance or relief fund become mandatory for state government Burden on Society

Life without climate change

Life with climate change

Solution: Implement policies and measures to achieve carbon reduction.

Steady reduction in carbon emission need to be made

Delivery tools TypeExample Binding National reduction targetUK: 80% Carbon taxAustralia: $23 USD ( ) Cap and Trade on large emittersCalifornia, Australia, EU Vehicle CO2 emission standardUS, EU Dedicated ministry Australia: Department of Climate Change and Energy Efficiency New Power plant emissions standardUK: 450g/kwh National CCSNone yet

Zero CO2 electricity future with Renewables, Nuclear power, and Clean fossil fuels 29 unabated use (grey) of fossil fuel must be gone

National level policies are important but not enough Emission unrelated to consumer choice Emission related to consumer choice

Consequences of a wrong price tag

Benefits of carbon label - Help consumers make more conscious choice - Raise consumer awareness - Improve business management - Enhance business competitiveness - And more

Carbon label: An important complement to our incomplete price tag 95 kg CO2e105 kg CO2e170 kg CO2e $329$399$499

Carbon label: an important factor for b2b business as well 5 kg CO2e 12 kg CO2e 10 kg CO2e 9 kg CO2e

It can get much worse if we don’t take action

“The transition to a low-carbon, inclusive green economy is happening far too slowly and the opportunity for meeting [scientific advice on emissions targets] is narrowing annually,” - Achim Steiner, executive director of UNEP. Change is happening but happening too slowly Carbon labeling can accelerate the transition.

Thank you Contact: