Introduction
Climate change has taken center-stage as the pre-eminent global environmental challenge of the 21st century. Reducing the greenhouse gas emissions that cause climate change has, as a result, become a principal objective of business. Delivering these cuts efficiently has led to over 40 governments at regional, national and international level to develop carbon trading regimes.
The essential implication of carbon trading is that an organization’s climate change strategies are increasingly important in limiting exposure to financial and legal risks. The broader implication of carbon-trading is that increasingly it pays companies to invest in developing a climate change and emissions trading strategy that ensures these risks are limited, and that any potential opportunities that arise from emissions trading are fully exploited.
Objectives
To provide delegates with the understanding, knowledge, and the action-steps that organizations need to take to put their climate change and emission trading strategies together. These action-steps are presented, during the course, by the following topics
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Understanding the basics: the first step is to understand what climate change and emission trading services are and what they mean for your organization
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Emissions trading program: the development of a climate change and emission trading program and setting of exposure acceptance parameters
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Develop a management strategy: selecting internal emission reductions; purchasing credits and/or generating credits in order to ensure compliance of the ‘Kyoto Protocol’
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Climate Change & Emissions Trading Workshop: workshop case study will learn how to implement each of the action-steps
Target Audience
This service is ideal for:
- Environmental Managers and Sustainability Officers responsible for overseeing and improving environmental practices within organizations.
- Corporate Social Responsibility (CSR) Leaders seeking to develop and implement climate change strategies and sustainable initiatives.
- Compliance Managers who need to ensure that their organization meets local and international environmental regulations.
- Energy Managers tasked with reducing energy consumption and emissions within their organizations.
- Government and Policy Makers involved in creating and enforcing environmental policies and emissions trading schemes.
- Industry Executives and Business Owners who want to improve their organization’s environmental performance and reduce their carbon footprint.
- Consultants and Advisors in the fields of environmental management, sustainability, and emissions trading.
- Legal and Regulatory Teams who handle compliance with environmental regulations related to climate change and emissions.
Outlines
DAY 1: Understanding the Basics
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What does climate change mean?
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What is global warming?
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What are greenhouse gases?
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What is your company’s exposure to climate change impacts?
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What are emissions trading and carbon credits?
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Overview of climate change policy and the ‘Kyoto Protocol’ requirements
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Video: Climate change
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Delegate exercise: outline the emission trading principles
DAY 2: Emissions Trading - System Design
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Forms of emissions trading
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What are the benefits of emission trading services?
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Open and closed emission trading systems
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Establishing baselines and setting emission exposure acceptance criteria
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Banking and borrowing emission trading and allocated limits
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Assessing climate change risks and their financial implications
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Video: Emission trading
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Delegate exercise: produce a framework for emission trading strategy
DAY 3: Develop Management Strategy
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The three main emission trading service options
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Internal emission reductions
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Purchasing credits for compliance
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Generating credits by investing in external projects
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What is the most cost-effective emission trading route?
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Developing a combined option portfolio
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Creating opportunities to capitalize on reduced emissions
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Delegate exercise: selecting emission trading options
DAY 4: Climate Change & Emissions Trading - Delegate’s Workshop
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Review of the ‘EU Emissions Trading Scheme’
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Identifying greenhouse gas emission inventories of your operations
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Assessing and evaluating your climate change emission risks and impacts
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Developing an emissions trading policy and strategy
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Selecting your emission trading service portfolio
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Producing your emissions trading services program
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Establishing your climate changing and emission monitoring and reporting systems
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Video: Climate change and emission trading
DAY 5: Monitoring & Recording Emission Reductions
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Identifying your emission reduction monitoring requirements
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Monitoring and verifying emission reductions system
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Registering your emission reductions to facilitate carbon trading
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Quality stamping validity of the emissions reductions
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Video: Carbon Trading
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Key Point Summary of Course Topics
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Award of Certificates
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Close of Course
