emergence of carbon labeling: why all the trouble?
DESCRIPTION
Emergence of Carbon Labeling: Why all the trouble?. Jiseok Kim Commissioned Researcher APEC SME Innovation Center. Consequences of a wrong price tag . $10. $100. Out of Business. Price of dumping CO 2 in atmosphere?. Very low or ZERO. It doesn’t sound like much . - PowerPoint PPT PresentationTRANSCRIPT
Emergence of Carbon Labeling:Why all the trouble?
Jiseok KimCommissioned ResearcherAPEC SME Innovation Center
Consequences of a wrong price tag
$100$10
Out of Business
Price of dumping CO2 in atmosphere?
Very low or ZERO
It doesn’t sound like much.
Index Status
Global CO2 concentra-tion Up by 40% (@393 PPM)
Global temperature Up by 0.7 ℃
Moisture content Up by 5%
Ocean acidity Up by 30%
But consequences can be very expensive
Hurricane Sandy
Everyone knew it was coming…
People had taken measures to prevent damage
Cuba (Oct. 26 2012)
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 2013.
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 (2010-2011)
Damage: $5.6 billion $2.8 billion raised for flood relief by budget cuts
$1 billion additional fund by delay-ing infrastructure projects
Flood levy implemented (2011) for everyone who earns more than $50,000 per year
Flood insurance or relief fund be-come mandatory for state govern-ment
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
Type Example
Binding National reduction target UK: 80%
Carbon tax Australia: $23 USD (2012-2013)
Cap and Trade on large emitters California, Australia, EU
Vehicle CO2 emission standard US, EU
Dedicated ministryAustralia: Department of Cli-mate Change and Energy Ef -ficiency
New Power plant emissions stan-dard UK: 450g/kwh
National CCS None yet
Zero CO2 electricity future withRenewables, Nuclear power, and Clean fossil fuels
292007 2010 2015 2020 2025 2030 2035 2040 2045 20500
100
200
300
400
500
600
700
800
900
Electricity imports / exports
Non-thermal re-newable generation
Nuclear power
Combustion + CCS
Unabated thermal generation
Domestic demand
TWh
/ yea
r
unabated use (grey) of
fossil fuel must be
gone
National level policies are important but not enough
60 : 40Emission unrelated
to consumer choiceEmission related to consumer choice
Consequences of a wrong price tag
$100
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 CO2e
105 kg CO2e 170 kg CO2e
$329 $399 $499
Carbon label: an important factor for b2b business as well
5 kgCO2e
12 kgCO2e
10 kgCO2e
9 kgCO2e
www.metoffice.gov.uk/climate-change
It can get much worse if we don’t take action
“The transition to a low-carbon, inclu-sive green economy is happening far too slowly and the opportunity for meet-ing [scientific advice on emissions tar-gets] is narrowing annually,”
- Achim Steiner, executive director of UNEP.
Change is happening but happening too slowly
Carbon labeling can accelerate the transition.
