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Market Snapshot

Market Snapshot. 1. 1. 1. Voluntary Carbon Markets Embracing Forestry. Can potentially avoid CDM cost hurdles Space for innovation& testing methodologies Demand for “Charismatic Carbon” in voluntary markets Forestry easy for consumers to understand. 2. 2.

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Market Snapshot

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  1. Market Snapshot 1 1 1

  2. Voluntary Carbon Markets Embracing Forestry • Can potentially avoid CDM cost hurdles • Space for innovation& testing methodologies • Demand for “Charismatic Carbon” in voluntary markets • Forestry easy for consumers to understand 2 2

  3. Credo = Trust: Standards/ Certification Programs... • Standards & methodologies create the “carbon credit” commodity • Guide buyers and sellers on the “rules” of the market • A given for the regulated markets, increasingly critical for voluntary • Standards determine viability of a project • Often used to gauge the quality of a project 3 3

  4. 2007… The Year of the Standard 2009… Survival of the fittest? 4 4

  5. Subtitle B- Early Action Subtitle B- Early Action The Big League: U.S. Compliance • Numerous voluntary standards positioning themselves in the United States • Voluntary Carbon Standard, Climate Action Reserve , American Carbon Registry & EPA Climate Leaders • Influences types of credits purchased in the Voluntary Markets Source: New Carbon Finance 5 5

  6. Subtitle B- Early Action Subtitle B- Early Action Sections of S. 3606 (Lieberman-Warner Climate Security Act of 2008) • Subtitle D: Offsets • SEC. 2403. ELIGIBLE OFFSET PROJECT TYPES. • (b) Categories of Eligible Offset Projects- Subject to the requirements promulgated pursuant to section 2402(b), the types of operations eligible to generate offset allowances under this subtitle include— • (2) changes in carbon stocks attributed to land use change and forestry activities limited to— • afforestation or reforestation of acreage not forested as of October 18, 2007; and • (B) forest management resulting in an increase in forest stand volume; 6 6

  7. SEC. 2408. TIMING AND THE PROVISION OF OFFSET ALLOWANCES. • (b) Pre-Existing Projects- • IN GENERAL- The Administrator may allow for the transition into the Registry of offset projects and banked offset allowances that, as of the effective date of regulations promulgated under section 2407(a), are registered under or meet the standards of the Climate Registry, the California Action Registry, the GHG Registry, the Chicago Climate Exchange, the GHG CleanProjects Registry, or any other Federal, State, or private reporting programs or registries if the Administrator determines that such other offset projects and banked offset allowances under those other programs or registries satisfy the applicable requirements of this subtitle. • EXCEPTION- An offset allowance that is expired, retired, or canceled under any other offset program, registry, or market as of the effective date of regulations promulgated under section 2407(a) shall be ineligible for transition into the Registry. 7 7

  8. Subtitle B- Early Action Subtitle B- Early Action Eyes on Washington D.C. • Waxman & Markey (House Energy Committee)- Draft Legislation End of March • Groups drafting language • For ex. Specific language on Agriculture and Forestry in Carbon Offset Providers Coalition proposal • Congressman Doggett (Ways and Means Committee) - “Safe Markets Development Act” • Revenue from Cap & Trade in Obama’s budget 8 8

  9. Trends • U.S. Legislators claiming Kyoto baggage • Government sanctioned standards leg up • Leaning to performance based • Strong Ag & Forestry constituencies 9 9

  10. Questions?Contact: Katherine HamiltonEmail: khamilton(at)ecosystemmarketplace.com 10 10

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