the carbon conversation, february 2010: the carbon trust
DESCRIPTION
The Carbon Conversation, February 2010: The Carbon Trust On 2nd February 2010, a group of individuals united by a mutual interest in the environment met to talk about corporate carbon. The event was hosted at The Duke of Cambridge – an organic pub accredited by the Soil Association and powered by solar and wind energy – and featured a series of 5 minute (Ignite-style) presentations. This presentation on the UK's carbon legislative landscape was given by Harry Morrison of The Carbon Trust StandardTRANSCRIPT
The CRC and BeyondRegulation in context
February 2010
Harry Morrison – Carbon Trust Standard Company
CRC Context
Business and Public Sector emissions – policy coverage
EU ETS, CCA covered
organisations53%
CRC target organisations
23%
Smaller organisations
24%
Current low cost of carbon
Climate Change Levy+
EU ETS cost pass through
CRC Today
• Carbon trading
• ~5000 organisations
• Starts April 2010
CRC savings
Emissions: 53 MtCO2
Saving in 2020: 3.2 MtCO2
= 6% over 10 years
CRC in the news
Common criticisms
• Lack of support for renewables
• Complexity
• Cost
• Competitiveness (of the UK)
Consider the alternatives!
Basic questions and answers
Qualification?
Compliance?
Footprint?
More sophisticated issues
Risks?
Accounting implications?
Early action?
Reputation impact?
The bigger picture
Carbon budgets: 1.7% reduction/year
The 2050 reduction challenge
0
100
200
300
400
500
600
700
800
900
1990 1995 2000 2005 2010 2015 2020 2025 2030 2035 2040 2045 2050
UK
GH
G e
mis
sion
s
UK reductions
to date ~15%
Implied annual target
-3.2%
80% reduction
1990-2050
.. factoring in growth to 2020
2020 60% increase in carbon efficiency
.. And 2050…
2020 60% increase in carbon efficiency
2050 900% increase in carbon efficiency
What’s our long term investment
plan?
What’s our 2015, 2020
strategy and target?
How do we move from 0.6% to 3% savings each
year?
CRC : key questions
How do we monitor progress?
Will it impact our Brand?
What about our supply
chain?
What’s the impact on our products and services?
Beyond the CRC
Should our business model
change?
Have you engaged your customers?
