--> Abstract: Realizing the Value from Greenhouse Gases (GHG) Emissions, by Gareth Phillips; #90039 (2005)

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Realizing the Value from Greenhouse Gases (GHG) Emissions

Gareth Phillips
Societe Generale de Surveillance SA, Clovenfords, Scottish Borders, United Kingdom

As the global community becomes increasingly aware of the impact of greenhouse gases (GHG) on the earth's atmosphere and their links to climate change, regulators are focusing on ways of reducing GHG emissions. Placing a value on GHG emissions, or even planning to do so, creates two opportunities for companies and facilities that release GHGs: (a) To reduce the GHG emissions and sell or bank the emission reductions and (b) To reduce fuel costs. Renewable energy represents an increasingly viable means of reducing emissions and added financial incentives such as these can help to overcome the remaining barriers.

This presentation reviews some of the different mechanisms that currently exist, or are developing, to protect and realize the values of emission reductions. Drawing on examples including the European Union Emission Trading Scheme, the Clean Development Mechanism, Clean Air Canada and the California Climate Action Registry, Gareth Phillips will highlight the role of regulators and third parties in ensuring the credibility of the schemes and, ultimately, the tradability of the emission allowances or reductions.

Gareth Phillips is the Global Product Manager of the SGS Climate Change Program, responsible for SGS' activities in a range of emission reduction schemes. SGS is the world's largest inspection, verification, testing and certification company.

AAPG Search and Discovery Article #90039©2005 AAPG Calgary, Alberta, June 16-19, 2005