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Making Sense of
Carbon OffsetsEwan O’Leary
Offset Collective, Inc.18th June, 2008
parts-per-million<!>
parts-per-million<@#$^!!>
Carbon 101
Fungible = freely exchangeable
20.4Metric Tons/ yr
(EIA)
475 Trees(for 10 years)
EPA
2,983MtCO2e(World Bank)
=
“One carbon offset represents the reduction of one metric ton of carbon dioxide, or its equivalent in other greenhouse gases.” -Wikipedia
How Offsets WorkCO2e
into the atmosphere
CO2eOut of the
atmosphere
You
Value the Priceless
1. Baseline emissions2. Set an emissions cap
Sightline Institute
Value the Priceless
3. Issue permits4. Reduce the cap
5. Trade!
Can we scale?Sightline Institute
Voluntary Carbon Market
Consumer Demand=
Popsets?
LULUCFREDD
Renewables
Methane200+project types
Follow the Money
• Reduce costs• Promote
investment• Drive innovation
“Additionality”
Business-as-usual is not
climate as usual
Important!
• Transparent• Verifiable• Valid• Permanent• Vintage
Standards
Source: EcoSystem Marketplace, New Carbon Finance, 2008
Some Variations
• Geography• Project Type• Co-benefits
CDM
JICCXVCS
Gold Standard
Green‐E
VER
Does Will it Work?
• Scale• Collaboration• Effectiveness
$43-Trillion US(opportunity IEA)
Caveats
1. Bless me Father, for I have sinned2. We can’t see the forest for the trees
Caveats
3. All your tree are belong to us4. Is it just me or is this lifeboat leaky?5. Death and taxes
DO SOMETHING!join a CRAG*
*Carbon Reduction Action Group