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Name, First Climate Group
Collaborative Opportunities Presented by : Jim Heath and Subodh Das
First Climate Group & Phinix,LLC
Presented to : AlerisLewisport, Kentucky September 2, 2009August 31, 2009Corporate Profile
© First Climate | April 19, 2023 Name - Position
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Agenda
•Overview and History of the Carbon Market
•About First Climate ( www.firstclimate.com) Business Lines and Services
•About Phinix , LLC ( www.phinix.net ) Technology and Consulting : Products & Services Partnership with First Climate
•The Impact of Climate Policies on Aleris Project opportunities with Aleris
•Possible Next Steps
Carbon 101 – The Advent of the Carbon Market
1992• Ratification of the United Nations Framework Convention on Climate Change
OECD Countries agree to reduce emissions to 1990 levels by 2000Non-binding commitments; the treaty has no teeth
1997• Negotiation of the Kyoto Protocol, a legally binding treaty
Byrd-Hagel Resolution in the Senate rejects binding targets 97-0; a political warning shot
2004• Russia ratifies the Kyoto Protocol, making the protocol binding for signatories
2005• Phase I of the European Union Emissions Trading Scheme (EU-ETS) begins
2006• California passes “Global Warming Solutions Act” (AB32), first state to do so
2008• Phase II of the EU-ETS begins; Kyoto compliance period begins
2012• Waxman-Markey projected to take effect
What’s cooking in the U.S.?
• AB 32California law requiring reduction of emissions to 1990 levels by 2020
• Regional Greenhouse Gas Initiative (RGGI)Northeastern trading market for power plants; reduce emissions 10% by
2020
• Western Climate Initiative (WCI)Voluntary initiative among western states and Canadian provinces
• Waxman-MarkeyLegislation passed the U.S. House of Representatives in June
17% reduction in GHG emissions from 2005 levels by 2020
© First Climate | April 19, 2023 Name - Position
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PHINIX, LLC
Headquartered in Lexington , Kentucky
Partnership with First Climate
Products & Services Offered:
•Carbon & Energy Assessment and Management
•Manufacturing Processes & Products
•Recycling
5
© First Climate | April 19, 2023 Name - Position
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A Leading Carbon Asset Management Company
Facts and Figures
Assets under management (2008): EUR 250 million
Turnover: EUR 12 million (2007), EUR 30 million (expected in 2008)
Projects under contract in the CDM, JI and VER pipeline: ~ 30 million tons
Sales in the voluntary market to date: 3.5 million VERs
offices on 5 continents
110+ employees
Member of the International Emissions Trading Association (IETA), the International Carbon Reduction and Offset Alliance (ICROA), the Carbon Markets and Investors Association (CMIA), and founding member of the Project Developers Forum
© First Climate | April 19, 2023 Name - Position
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First Climate's Core Competencies
Carbon Investment Advisory
CarbonAsset
Development
Sales & Trading
Climate Neutral
Services
ProjectFinance
Integrated Carbon Asset Management
© First Climate | April 19, 2023 Name - Position
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Generating high-quality carbon credits through climate protection projects
Identify viable emission reduction projects around the globe
Assess feasibility, risk, and eligibility for CDM, JI, and VER projects
Secure funding for projects and related transaction costs
PIN, PDD, and methodology development
Assist project owners with validation, verification, CDM registration, and
certification under voluntary market standards
Support implementation and monitoring of emission reduction projects
Market primary and secondary CERs, VERs, and ERUs
Carbon Asset Development
Carbon Investment Advisory
Climate Neutral Services
Sales & TradingCarbon Asset Development
Project Finance
© First Climate | April 19, 2023 Name - Position
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Emission Reductions through various technologies
hydro
wind
solar
biomass
biogas
energy efficiency
fossil fuel switch
landfill flaring
geothermal
forestry
transport
waste to energy I
waste to energy II
methane avoidance
© First Climate | April 19, 2023 Name - Position
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Financing emission reduction projects
Identify and assess attractive investment opportunities
Develop optimal financing solutions for emission reduction projects
Conduct project due diligence
Equity and debt financing, either through dedicated funds or partner institutions
Project Finance
Carbon Investment Advisory
Climate Neutral Services
Sales & TradingCarbon Asset Development
Project Finance
Climate Neutral Services
Calculate your Emissions
Develop an Effective, Tailor-Made Carbon Management Strategy
Reduce the Avoidable Emissions and Cut Costs
Offset the Unavoidable Emissions with High Quality Carbon Credits
Communicate your Engagement to the Stakeholders that Matter Most
Building an Offset Purchasing Strategy
Things to Consider:
1) What emissions will the offsets cover?
2) What is your budget and who will pay?
3) Can this purchase help you anticipate or comply with current or upcoming regulation?
4) How will you communicate this purchase (internally and externally)
5) Consider the importance of Location
Technology
Co-Benefits
What is a Voluntary Carbon Credit?
• Represents an environmental attribute: In this case, one metric ton of carbon dioxide equivalent (tCO2e), monetized in the form of a Verified Emission Reduction (VER).
• Wide-variety of project activities produce carbon credits, including Renewable Energy, but beware of double counting…
• Carbon-Credit Creation Cycle:
VERS
Initial Assessment
Val
idat
ion
(DO
E)
Project Document
Registration(Authorizing
body)
Implementation & Monitoring
(PP)
Verification(DOE)
(In the case of VCS)
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Overview: US Offset Supply by Technology Type (2007)
Headline
Main Text
1. Listing Level 1
2. Listing Level 2
3. Listing Level 3
© First Climate | April 19, 2023 Name - Position
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How Can We Work Together
Assess Aleris‘s Carbon Foot Print
Develop Strategies to Make Aleris Carbon Neutral
Selling Credits
Develop any new projects (Fuel Switching?)
Participate in any existing projects
Buying Credits
Local / In Kentucky / In the US / Globally
Public Awareness / Information Dissemination / Workshops /Speakers
© First Climate | April 19, 2023 Name - Position
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CONTACT INFORMATION
Dr. Subodh K . Das , FASM
CEO & Founder
Phinix , LLC
P.O. Box 11668 , Lexington , Kentucky 40577-1668
+ 1.859.619.8386
www.phinix.net subodhkdas@gmail.com
skdas@phinix.net
James Heath
Vice-President, Origination
First Climate LLC
Tel. +1 (415) 433.1633 x105
Cell +1 (415) 341.7570
E-Mail: james.heath@firstclimate.com
333 Pine Street, 3rd Floor , San Francisco, CA 94104
www.firstclimate.com
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