2. How to Save a Planet On a BudgetBrought to you
by#GreenFinance 3. About this WebinarHow you can share: Submit your
questions in the GotoWebinar presentation window Follow along and
share your thoughts on Twitter at #GreenFinance #GreenFinance 4.
About Our ModeratorsGernot Wagner is an economist at the
Environmental Defense Fund, where he works on market-based
solutions to a wide range of environmental problems. He also
teaches energy economics asadjunct faculty at Columbias School of
International and Public Affairs, and is the author of But willthe
planet notice? How smart economics can save the world.Marc Gunther
is a writer and consultant whose focus is business and
sustainability. Marc is acontributing editor at FORTUNE magazine, a
senior writer at Greenbiz.com, and a leading blogger atThe Energy
Collective. Marc is the author or co-author of four books,
including Faith and Fortune:How Compassionate Capitalism is
Transforming American Business.Jesse Jenkins is Director of Energy
and Climate Policy at the Breakthrough Institute, and is a
leadingenergy and climate analyst and advocate. Jesses work and
analysis has been featured in manymedia outlets, and he is recently
the co-author of Bridging the Clean Energy Valleys of Death:Helping
American Entrepreneurs Meet the Nations Energy Innovation
ImperativeRobin Fray Careyis CEO of Social Media Today, which
publishes The Energy Collective, SustainableCities Collective, and
eight other B2B social communities that connect leading thinkers
with otherprofessionals and business influencers. Robin co-founded
the company in 2007 and is a veteran ofthe print media world.
#TECLive #GreenFinance 5. How to Save a Planet On a BudgetHour 1
(9:15 10:15 EST): Paying the Cost of Carbon: A Conversation
aboutCarbon Pricing Can Carbon Markets Drive Green Innovation?
Brought to you by #GreenFinance 6. About Our SpeakersJanet Peace is
the VP of Markets and Business Strategy at the Center for Climate
and EnergySolutions, managing the Centers engagement with corporate
community, its economics program andits analysis of market-based
policy options. Previously, Dr. Peace held the same role at the Pew
Centeron Global Climate, C2ESs predecessor organization. Dr. Peace
holds an M.S. and Ph.D. in Economicsand an undergraduate degree in
Geology.Lee Thiessenworks for the British Columbia Ministry of
Environment as the Executive Director ofClimate Policy in the
Climate Action Secretariat. This Secretariat is responsible for
developing andcoordinating policy, and its implementation, across
the BC provincial government. The policy is aimedat helping the
province progress towards its greenhouse gas targets and adapting
to the impacts ofclimate change.Lucas Merrill Brown is a Rhodes
Scholar at Oxford who researches consumer behavior aroundcleantech
adoption. He has worked as a research intern for climate change
economics forEnvironmental Defense Fund, as Regional Field Director
for Virginia Congressman Tom Perriello, as abudget aide for D.C.
Mayor Adrian Fenty, and as a programmer for
ILoveMountains.org.Gernot Wagner, moderating,is an economist at the
Environmental Defense Fund, where he works onmarket-based solutions
to a wide range of environmental problems. He also teaches
energyeconomics as adjunct faculty at Columbias School of
International and Public Affairs, and is theauthor of But will the
planet notice? How smart economics can save the world.
#TECLive#GreenFinance 7. Paying the Cost of CarbonJanet Peace
November 30, 2011 8. Emitting GHG Is Typically Free 9. Climate
Change Has A Cost 10. is the pointto make the cost of emitting
carbon explicit, so that it becomes part of the everyday decision
making process. Accounting For CostThe point is to make thecost of
emitting carbonexplicit so that decisionsand investments factor
inthis cost 11. Policy Options Command and Control (direct
regulation) Subsidies Cap-and-Trade Carbon Tax Cap and Dividend
Clean Energy StandardAll with multiple variations. Cap-and-trade
and Tax are the two most often market based policies discussed 12.
The Basics 13. Comparing C-T and Tax Simplicity Emission Reductions
Cost Cost Effective Market Risk Technology and Innovation 14. For
More Informationwww.C2ES.orgJanet PeaceCenter for Climate and
Energy Solutions(formerly the Pew Center on Global Climate Change)
[email protected] 15. Carbon Tax inCLIMATE ACTION IN British
ColumbiaBRITISH COLUMBIANovember 30, 2011 www.livesmartbc.ca
www.livesmartbc.ca 16. Carbon Tax Objectives and Features Tax
objective is to reduce provincial GHGemissions via financial
incentive All carbon tax revenue is recycled through taxreductions
Tax rate started low and increases gradually 2008: $10/T CO2e 2012:
$30/T Tax has the broadest possible base, given data Tax is one of
various other climate measures 16 17. Broader Actions: BCs
ClimateAction Plan Provincial-wide approach to adapt toimpacts,
reduce emissions, and promotelow-carbon economy Legislated targets
BC Adaptation Strategy Revenue neutral carbon tax Western Climate
Initiative Industry GHG reporting Carbon Neutral Government 2010
Local governments GHG targets LiveSmart BC housing incentives Green
Building Code Renewable and Low Carbon Fuel standards Landfill gas
collection standards 17 18. BCs GHG Targets and Distribution by
Sector07 Baseline 68MTInterim2012 64MT (-6%) B.C. Greenhouse Gas
Emissions - 2009Total: Approx. 66 800 kilotonnes COeResidential
OtherInterim201656MT (-18%)and IndustryCommercial 19% 11%
Agriculture Legislated 3%202046 MT (-33%)Waste 6% Electricity2%
Transportation Net 35%Deforestation 5%Fossil FuelProduction 19%2050
Legislated 14MT (-80%)18 19. BCs Revenue Neutral Carbon Tax Applies
$30 per tonne of CO2e in 2012 tocombustion of fossil fuel
Non-combustion GHG emissions not covered BC has tailored tax
benefits to balance costsTax covers ~70% of emissions$1.5
billionOther$1.2 billion $226 Personal income tax cuts Process,
$182 Low income tax creditventing etc.$85 Northern and RuralFossil
FuelCombust.Homeowner Benefit$1,001 Business tax cuts*Projected
totalrevenue andCarbon tax Tax reductions* reductions for
fiscalrevenues* 2012/13 19 20. Selected Carbon Tax Rates by Fuel
TypeFuelUnits Tax Rate Tax Rate Current BC2011 Tax as2011 2012
MarketPercent of($25/T ($30/T Price (ex MarketCO2e)CO2e)carbon tax)
PriceGasolineLitre $0.06$0.07$1.25 5%DieselLitre $0.07$0.08$1.35
5%Natural gas Gigajoule $1.24$1.49$8.50 15%Thermal Tonne $44.30
$53.16 >$100
