CarbonCount™quantitative carbon impact scoring system for “green” bonds

ARCHITECTURE FOR FINANCE

KATERI CALLAHANPRESIDENT

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CarbonCount™

Source: McKinsey & Company (2010)

€860 B per year over BAU needed to stabilize at 2 C° in 2030

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CarbonCount™

“Scores” expected annual reductions in CO2 per $1,000 of investment.

Utilizes sophisticated EPA emissions model + NREL data to ensure accuracy, credibility, transparency.

System is LIVE — bonds being scored today.

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2011 2012 2013 2014 2015 (est.) 2016 (est.) $-

$25

$50

$75

$100

$125

$150

$1 $3 $11

$37

$100

$150

1530

Labeled Green Bondsannual issuances in $ (billions)

Global Total U.S. projects suitable for CarbonCount™

$15$4

CarbonCount™

$30

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CarbonCount™

0

0.2

0.4

0.6

0.8

1

1.2

West DG PV California PV

Mountain West Wind

US EE

Midwest Wind

CarbonCount™Metric Tons CO2 REDUCED per $1,000

Bonds scored to date

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CarbonCount™

Series1

CarbonCount™Metric Tons CO2 REDUCED per $1,000

Metric Tons CO2

REDUCED per $1,000

Notional projects ranked by CarbonCount™ score

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CarbonCount™