Carbon Footprints » The Carbon Economy

Announcing G3MS 2.4

Dave Sag — Tue, 13 Sep 2011 04:18:17 +0000

Last night the team at Carbon Planet pushed out a significant update to the G3MS carbon accounting suite.

New features include

All Australian emissions factors have been updated to include the latest versions, as published by the Australian federal Department of Climate Change and Energy Efficiency
One of the great features of G3MS is that you can choose to perform calculations using historical emissions factors; allowing year-on-year analysis that highlights the impact of the changes you have instituted over the years. We now include the official 2011 factors.
Improved reporting.
Any assessing company using G3MS to produce carbon emissions assessments for their clients can now generate a full set of ‘RAW’ reports, including output of all data to Microsoft Excel. Clients can also now generate simple ’snapshot’ reports too.
We’ve also fixed a number of small bugs, closed off some issues and improved the quality of our error reporting.

G3MS’ customers can access the new features immediately, and the new emissions factors will also mean that the web calculators that drive Carbon Planet’s offset shop, and users of the G3MS Lite small-business carbon accounting suite, now take advantage of the latest official figures. Similarly third-party web calculators such as Jon Dee’s 10% Challenge will benefit from this update.

Technorati Tags: carbon, carbon accounting, carbon tax, Climate Change, CO2, emissions, G3MS, greenhouse

Taking a 'Systems Approach' to forest carbon accounting methodology could reduce annual emissions by up to 5%

Dave Sag — Tue, 05 Apr 2011 00:22:07 +0000

Following on from my last post, Carbon Planet has made its own formal announcement of the VCSA approval of its IFM LtPF forestry carbon accounting methodology. The announcement goes into considerable detail about some of the specifics. What I am impressed by is that the methodology takes a ’systems view’ approach, and as a result is a far more comprehensive forest carbon accounting methodology than has ever previously been developed in this sector.

”The methodology is the only IFM-LtPF methodology that calculates the impact of logging operations on greenhouse gas emissions in addition to the forest degradation itself,” said Dr Williams. “The methodology also includes calculations for the greenhouse gas impact of the forest conservation project itself, in the form of emissions from project implementation and monitoring.”

Carbon Planet’s methodology adopts a systems approach to assess the physical, biological, and biochemical processes that occur during timber harvesting. This is a significantly more comprehensive approach than the alternative “carbon stock change” method because, in addition to the forest degradation due to the removal of harvested trees, emissions due to damage to the non-harvested trees surrounding the harvested trees (“residual stand damage”) are also accounted for.

“Ultimately, for the people who own the forest, the more complete the methodology, the more accurate the calculations, and the more carbon credits can be issued.” Dr Williams said.

My sincere hope is that our IFM LtPF methodology is used far-and-wide to underpin a wholesale change in the way forest products are priced and to underpin massive reductions in annual deforestation rates. Certainly, looking at our own pipeline of projects that have been in development for years now but awaiting the methodology’s approval, and knowing how many other REDD project developers there are out there who have also been waiting for the approval of a methodology such as ours, it ought to unlock literally billions of tonnes of GHG emissions reduction per year.

Consider some back-of-the-envelope numbers:


The world emits roughly 60 billion excess tonnes of CO₂e per annum.
Deforestation (much of which is sanctioned logging) accounts for roughly 20% of that, ie 12 billion tonnes CO₂e.
 If you assume that, of that, sanctioned logging makes up half of that, and half of those forests are tropical (very low-ball estimates,) that's a possible 3 billion tonnes of CO₂ emissions reduction per year that could in theory be attributed to projects based on this methodology,or around 5% of the world's total annual emissions.

It’s enough to offset all the concrete production in the world, or all the world’s international shipping, or the whole airline industry (and then some).

To be responsible for 5% of the world’s emissions was one of the goals we set ourselves when Carbon Planet got started. It was a big hairy audacious goal indeed when we agreed on it. But now, years later, we’ve developed technologies like our first approved forest carbon accounting methodology, and our awesome G3MS carbon accounting system, which is being used by accountants, and emissions management consultants to develop emissions reduction strategies for large and small businesses, and our Operation: Coolenation junior climate science education programme having won awards and being adopted by primary schools, meaning that, for future-kids the science behind global warming will be utterly uncontroversial.

What’s exciting is I can see this goal actually being achievable.

Technorati Tags: carbon, carbon accounting, carbon credits, carbon emissions, forest carbon, forests, hope, methodology, optimism, REDD, trees, VCS, VCSA, VCU

VCSA Approves Carbon Planet's Methodology

Dave Sag — Wed, 30 Mar 2011 04:36:13 +0000

Carbon Planet is very excited to announce that the VCSA has approved our carbon accounting methodology for estimating the GHG reductions that come with transitioning a logged forest to a protected forest.

Why is this important?

Deforestation and land degradation contributes close to ¹/₅th of the world’s excess greenhouse gas emissions. Under business-as-usual the world loses a massive amount of tropical rainforest in particular every year. There are many drivers of deforestation but overwhelmingly the main driver is poverty and subsistence forest-resource dependance. Forest peoples of the world tend to be poor, tend to be exploited, and tend to earn money by ripping up their forests. REDD projects propose a mechanism, currently being run under the auspices of the VCSA, to pay forest peoples to maintain their forests using revenues derived from the sale of carbon credits called VCUs, rather than log them for short-term profits.

Until now there has been no accurate and approved way to calculate the greenhouse gas emissions reductions that come with taking a forest that is being logged, and turning it into a protected forest; a major stumbling block to project developers everywhere. Without an approved methodology there can be no project, and thus no VCUs and thus no money.

Carbon Planet’s methodology, (See The VCSA for more info,) was developed over a three year period and was designed to be highly flexible in terms of forest types, and yet highly accurate, and presented in a clear and informative manner. It clears a massive hurdle that the forest carbon market has been facing, and we fully expect to see an increasing number of quality forest carbon projects start formal development.

In its official announcement of Carbon Planet’s ‘IFM LtPF’ methodology, the VCSA makes the point:

“This offers a flexible new approach for financing projects that reduce logging in forested areas,” said VCS CEO David Antonioli. “Using carbon finance as an alternative source of income provides an important incentive for more sustainable forest management practices.”

I believe it is no idle boast to suggest that the launch of Carbon Planet’s methodology marks a great day for the forests, and forest peoples of the world.

Finally, my heartfelt and personal thanks go out to Carbon Planet’s scientific team, present and past, who have laboured so hard, under at times highly adverse conditions, to get this work done. It’s been a hard road, cutting new ground (probably the wrong metaphor I know), and experiencing first hand the trials and tribulations of forest carbon project development, and you’ve pulled through it all with a fine piece of work. Well done all of you. You have a right to feel proud of this achievement. — DS

Technorati Tags: carbon, carbon credit, climate, Climate Change, deforestation, forest carbon, forests, IFM, IFM LtPF, methodology, REDD, VCS, VCSA, VCU, VM0011

Carbon to take economy’s breath away by 2015

Dave Sag — Tue, 14 Sep 2010 09:20:15 +0000

Australian news service, Crikey has a story today Carbon to take economy’s breath away by 2015 which makes a very interesting point:

The Potsdam Institute research says that, if we are to have a reasonable chance of containing global warming to within 2 degrees, we only have a “budget” of 890 billion tonnes of CO2 emissions. This is a fixed budget, because carbon stays in the atmosphere for hundreds of years. So what is important is how much we emit?—?not when we emit it. If we continue to burn fossil fuels in line with our current business-as-usual approach, then we use up our budgeted emissions by 2024!

To add insult to injury, the quantum of fossil fuels required to emit 890 billion tonnes of CO2 is equivalent to only 25% of proven, economically recoverable reserves. This means that, in theory, 75% of known proven and probable reserves have no economic value.

This has startling implications for investors because there will either be (a) some form of global action that will seek to limit warming to 2 degrees; or (b) no effective action, with the consequence being runaway climate change. These are the only two options we have. The first one severely devalues our fossil fuel reserves as we scramble to reconfigure global energy networks; and the second one, while possibly maintaining the market value of those reserves for longer, is like driving off the edge of a cliff.

There will be a cost associated with carbon emissions, that’s inevitable. There will be investments into emissions reduction programmes on as massive scale, funded via carbon credits. This is what they mean by “a price on carbon”, and its implications are littered with unknown unknowns. One great way for you to get your head around what the impacts might be is to work out how much your liabilities might be, that is, what your firm’s carbon footprint is.

If you are an Australian small business then check out G3MS Lite, Carbon Planet’s amazing greenhouse gas accounting system for small business. It’s only $99. — DS

Technorati Tags: Australia, carbon, carbon accounting, climate, Climate Change, CO2, coal, fossil fuel, G3MS, investment, oil, planning ahead, small business

PM Gillard to 're-prosecute a price on carbon'.

Dave Sag — Sat, 11 Sep 2010 14:46:28 +0000

In her first speech as Australian Prime Minister, the nation’s first female Prime Minister vowed to re-prosecute the case for a price on Carbon..

This is very encouraging news. Since the Rudd Government decided to shy-away from its Carbon Pollution Reduction Scheme, it has been punished in the polls for its perceived spinelessness. Prime Minister Gillard, who seized power this morning in what has been termed a ‘bloodless coup,’ went on to say:

It is my intention to lead a Government that does more to harness the wind, and the and new, emerging technologies. I will do this because I believe in climate change. I believe human beings contribute to climate change, and is is as disappointing to me, as it is to many millions of Australians, that we do not have a price on Carbon. And in the future, we will need one. But first we will need to establish a community consensus for action. If elected as Prime Minister I will re-prosecute the case for a Carbon price, at home, and abroad. I will do that as global economic conditions improve, and as our economy continues to strengthen.

This is is excellent to hear. The carbon industry in Australia has been hammered by the government’s reversal on the CPRS with hundreds of millions of dollars in value collapsing amongst Australia’s listed ‘carbon companies’, in parallel to the rest of the world. Carbon Planet has not been immune from this either. Right now the carbon markets are a place for the true believers.

A formal mechanism for putting a price on Carbon is vital. Moreover that mechanism should be predicated on funds going towards projects with a minimum of friction, but with the highest standards of oversight, assessment and carbon accounting. I believe what we need is harder targets that harden to 110% below 1990 levels by 2050, fewer exemptions, limited free permits that are phased out quickly, a sunset on coal mining (30% of the world’s emissions come from Australia’s coal.) I doubt that stretch-target is achievable, but it’s what we need. — DS

Technorati Tags: #spill, #spillard Spillard, Australia, Australian Politics, Julia Gillard, politics, teamjulia

Australia backflips on CPRS leaving emphasis on voluntary action

Dave Sag — Thu, 29 Apr 2010 01:53:31 +0000

The Australian Government has shelved plans for a carbon pollution reduction scheme, preferring to wait and see what the rest of the world might or might not do. In November last year Prime Minister Kevin Rudd said:

When you strip away all the political rhetoric, all the political excuses, there are two stark choices: action or inaction… As one of the hottest and driest continents on earth, Australia’s environment and economy will be among the hardest and fastest hit by climate change if we do not act now.

According to the Sydney Morning Herald in a story “Rudd’s ETS flip-flop sparks climate chaos“, Penny Wong, Minister for Climate Change said:

… the delay would ”make meeting our [emission reduction] targets more expensive” and that without a carbon price Australia would not meet the targets at all.

So what is to be done? All all is not lost. There is still legislation in place such as the National Greenhouse and Energy Reporting Act, enacted by the previous, conservative, Government to determine the raw baseline data upon which an emissions trading scheme might be based. The NGER requires companies who produce or consume more than a certain level of energy, or who produce more than a certain level of greenhouse gas emissions, to report their emissions (see thresholds here). This legislation came in in 2007 and the first reporting period only just ended with barely 60% of the firms that should have reported actually reporting. The fines for failure to report are in the order of $110k per default plus $11k+ per day they remain in default (and there are also clauses for civil penalties of around $200k and possible custodial sentences) and its been estimated that some $500 million in fines will be owing already based on this.

As I have said repeatedly, relying on the Government, any Government, to act in the best interests of its people is pure folly. One shining light in all of this is that Australia, historically, is an overachiever when it comes to voluntary action on climate change. Indeed Australia comprises around 5% of the world’s voluntary carbon market. Recognising this the Government will continue to push ahead with the National Carbon Offset Standard which establishes clear and unambiguous definitions for what comprises a valid carbon offset and defines ‘carbon neutrality’. This is a huge boost for voluntary action in Australia which, in the absence of a viable compliance scheme down-under is, for now, the best shot we have at making any sort of real difference.

What is certain is that the climate problem is not going to go away by itself, and the solution must be tied into an economic response. Firms caught in the NGER Act are being forced to report on their emissions and that in turn is stimulating them to then manage those emissions in anticipation of some sort of carbon price. And a price on carbon is inevitable.

”You can’t get to your targets without a cost on carbon … we have been very clear that we have to put a price on carbon,” said Minister Wong [yesterday].

If your firm is smaller than that required to report under NGER you are still almost certainly going to find yourself supplying goods and services to one or more of those NGER firms. These firms are typically instituting green procurement policies anyway and so there is a trickle-down effect in reporting.

No matter the Government’s inaction, Australian Business has an opportunity to embrace voluntary action and prepare itself for the time when carbon is properly priced.

To express your personal displeasure at the Australian Government’s back-flip, check out GetUp Australia. — DS

Technorati Tags: Australia, Climate Change, CPRS, economics, global warming

Try the UK National Carbon Calculator

Dave Sag — Thu, 22 Apr 2010 11:00:25 +0000

Wow I just reduced carbon emissions in the UK by 45% from current levels. How? Well I closed all its coal fired power stations, and then closed oil and gas fired power too. I shut half of the UK’s nuclear reactors and built some massive solar and offshore wind farms. I reduced blighty’s reliance on imported food and improved manufacturing efficiency by a mere 12%. Then I mandated 50% electric cars, 100% electric rail, and moved heaps of freight from the roads and the skies and onto rail as well. I did all this and overall reduced travel and consumption by a realistic 0% and kept my energy production in a slight surplus. I’m now thinking of building giant underground batteries to keep the nation going even if another volcano blacks out the sun for a few months.

You can have a go yourself using the Guardian’s awesome interactive National Carbon Calculator.

The one thing it didn’t show me was how long all my changes might take and how much they’d cost. Nor did they give me an option for moving more people onto bikes, improving the walkability of cities, or give me the option to beam power down from giant space mirrors and grow rooftop gardens. That’s how I’ll get my next 45% reduction to be sure. — DS

A Short History of REDD Policy

Dave Sag — Mon, 25 Jan 2010 05:46:24 +0000

Late last year Carbon Planet published a couple of White Papers on Reducing Emissions from Deforestation and Degradation. One of those papers gave an overview of the history of REDD policy to date. The video above summarises that into a short timeline for your viewing pleasure. Enjoy — DS

Technorati Tags: carbon, climate, Climate Change, COP15, Copenhagen, forests, Kyoto, REDD, video policy

The Australian National Carbon Offset Standard

Dave Sag — Sat, 28 Nov 2009 11:21:38 +0000

While much of the public debate in Australia has been over the Government’s proposed Carbon Pollution Reduction Scheme, quietly, in the background, the federal department of Climate Change has been plugging away on the National Carbon Offset Standard, known in the biz as the NCOS. The NCOS supplements the forthcoming CPRS by giving Australian businesses and individuals a legitimate mechanism for going over and above their obligations under the CPRS to become truly, verifiably carbon neutral. The NCOS, officially announced the other day, replaces the old Greenhouse Friendly scheme and comes into effect from 1 July 2010.

How does the National Carbon Offset Standard work?

The National Carbon Offset Standard provides a means of ensuring the integrity of offsets and carbon neutral products available for consumers and businesses alike. The Standard assists consumers to make effective choices in regard to offsetting and interpreting carbon neutral claims. It also provides guidance for businesses for determining their carbon footprint and for purchasing robust offsets.

Those organisations achieving carbon neutrality will purchase a range of eligible offset credits under the National Carbon Offset Standard, including:

Carbon pollution permits, including those from forestry projects opting into the Carbon Pollution Reduction Scheme

Kyoto units recognised and accepted under the Carbon Pollution Reduction Scheme

Credits issued under the internationally recognised Voluntary Carbon Standard and Gold Standard, where these meet specific requirements

Credits issued by domestic offset projects that reduce emissions from sources currently not counted towards Australia’s Kyoto Protocol target.

Carbon Planet, along with most of the companies who had originally gone through the exhaustive Greenhouse Friendly certification process, was involved in a lot of the discussions relating to the NCOS and is very excited that the standard is as robust as we’d all hoped. Indeed it has been so well designed that Australia is the first and only Kyoto ratifying country where voluntary action can really make a difference to the nation’s, and the world’s greenhouse emissions levels. — DS
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Technorati Tags: Australia, carbon credits, carbon offset, carbon trading, NCOS, voluntary market

Carbon Market Expo 2009 at the Gold Coast

Dave Sag — Tue, 27 Oct 2009 21:34:53 +0000

Simon from Carbon Planet at the Carbon Markets Expo Stand at the Gold Coast

It’s Carbon Markets Expo time again at the Gold Coast and, as usual, Carbon Planet is there. I’m speaking today on the role of the Voluntary Carbon Markets if you happen to be passing the Gold Coast’s Convention Centre.

The Expo is a global event that tours the world bringing carbon market participants together to exchange knowledge, do deals and share insights into how we all might work better, smarter, and faster to help solve the market failure that is the direct driver of global warming.

I’ve been to quite a few of these events now, both here in Australia where I live, and also in China and Spain and what I have noticed is that the carbon markets are more than just an industry group. I liken our industry to a family. We compete, we squabble but deep down there is a genuine respect, and dare I say it, a love for the work we all do. I have worked in a number of industries over the years and this is the friendliest industry I have ever seen.

The serious players in the carbon markets all have the same goal in mind, the fundamental restructuring of the world’s economy, and none of us can do it alone. Personally I feel it’s an honour and a privilege to work in this industry. — DSdifference between lexapro and celexa Strongest Phentermine accutane timeline;
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