The Pathway to Market for Agricultural Carbon Offsets: Science – Policy - Commodity. Karen Haugen- Kozyra , M.Sc. P.Ag . Principal, KHK Consulting June 17 , 2010 Agriculture and Carbon Markets: Making Carbon Count Washington, DC. Alberta Market Performance. It’s All About Carbon….Why?.
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The Pathway to Market for Agricultural Carbon Offsets: Science – Policy - Commodity
Karen Haugen-Kozyra, M.Sc. P.Ag.
Principal, KHK Consulting
Agriculture and Carbon Markets: Making Carbon Count
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*Point Carbon 2010
Western Climate Initiative
Regional GHG Initiative
Midwestern GHG Reduction Accord
AB Specified Gas Emitters Regulation
SK Bill 95
Canada’s Regulatory Framework
The American Clean Energy Security Act
American Power Act Discussion Bill
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Fundamental Principle: Activities and emission reductions must be above andbeyond Business as Usual practices
What happens (GHGs) with the improved practice/new technology?
What was happening (GHGs) in the old practice, or common industry practice before the change?
Are they comparable (same level of activity, product, service) to base calculation on
Evidence – Document it:
Quantification and Monitoring Plan
Data Management System and Data Controls
Amount of Offsets = Baseline - Project.
Need to quantify both!
Standardizing means making policy decisions!
WRI GHG Protocol
Ease of Use
Policy Neutral, Flexible
Part 2 of ISO14064 (ie, auditable standard general process requirements)
ApplicableGHG Program (eg, additional requirements, criteria, rules and policies)
Good PracticeGuidance (eg, IPCC, recognized criteria, methodologies, tools and guidance on how to do it)
Stakeholder Consultation (eg, communication with interested parties)
National Emissions Inventory
Tier 2/3 Quantification Science
Relevant Standards (eg, recognized criteria, rules, methodologies, equipment)
RelevantLegislation (eg, regulatory requirements)
identifying preferred methodologies to quantify GHG reductions/removals
Streamlined Life Cycle Assessment
Considered Technical Review
Within the discipline of the ISO Standard
Best Available Science
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Knowledge and Scientific Judgment
Substitute for direct evidence where lacking
Models and conversion factors
Applied as a risk-based approach where science is less synthesized, but uncertainties are known
Strive to underestimate baseline emissions
Use the 80:20 rule; collective decisions through expert peer review (IPCC style)
“Serves as a moderator to accuracy”
ISO 14064:2 Principles
State of Science of GHG-Management Links
Commercializable Commodity = Carbon Offset
Exclusion of SSRs that are related to the manufacturing of materials
Exclusion of SSRs that do not significantly changed from the baseline to the project scenario
Exclusion of SSRs that are unchanged between the baseline and project scenarios
Exclusion of SSRs that are not within the scope of the protocol
Site preparation, installation and commissioning
3rd Party Verification
Driven by Reporting Guidance