1. Accounting for carbon at the point of consumption Prof. John Barrett University of Leeds October 13 th, 2011

2. Toy Production

3. Toy Consumption

4. Scale of Traded Emissions - Global Source: University of Leeds

5. Scale of Traded Emissions - National Source: University of Leeds

6. Scale of Traded Emissions - Sector China USA UK Share of domestic consumption by country of origin of steel Source: University of Leeds

7. Global Emissions captured in trading schemes Source: University of Leeds

8. CO2 or GHG Emissions Source: University of Leeds

9. Capturing Carbon in Trade Source: University of Leeds

10. Best Available Technologies Source: University of Leeds

11. What Counts? All embodied emissions (8% difference “Real” emissions, not false assumptions (10% difference) Inclusion of the US and Japan in domestic schemes (15% difference) What doesn’t count Least developed countries (under 1%) Full GHG emissions (at least for existing sectors) (under 2%)

12. Challenges Complex carbon accounting system that is robust Difficulty of border carbon adjustments that would make a difference