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Carbon Accounting: Measuring, Modeling & Monetizing Greenhouse Gases

From the Editor:

This month’s The Source focuses on carbon accounting. We can utilize various methods of measuring the amount of emissions we produce as a society to help reduce our carbon footprint as well as derive financial benefits by assigning a monetary value to those emissions and trading them within the framework of Emission Trading Systems (ETS).  Each industry and individual corporation has an opportunity to maximize profit-impacting incentives that will drive the development of innovative methods to sustainably produce and deliver their products. As the world’s financial markets continue to reward these investments into more environmentally sound practices which lead to improved sourcing options, the conversation about how to measure, validate and valuate these calculations will continue to evolve. 

Thought Leadership

How Can Carbon Accounting Save Our Planet?

“The average American emits more than 120 pounds (~54 kg) of CO2 every day.  That’s equivalent to the weight of about 10 domestic cats, or 19 masonry bricks, or 87 US basketballs, or 176 human hearts.  In 2017, collectively, we humans, emitted 40 billion metric tons of CO2, a volume large enough to fill 8 billion Olympic-sized swimming pools full of carbon dioxide.  ‘You can only manage what you measure.’ The moment we start measuring carbon emissions is the moment that we make positive change possible.”  

                                Arnaud Brohé

                                 CEO of CO2logic Inc

                                 Board Member of the Global Sources Council

Click HERE to read more.

Arnaud Brohé is the CEO of CO2logic Inca consulting firm specializing in the reduction of carbon emissions through strategic business and engineering solutions that has been applying carbon accounting principles for over 10 years. Through their partnerships with over 200 organizations, they have saved more than half a million tons of COfrom being emitted and millions of dollars in energy bills.  Some of these savings were reinvested in creating additional carbon reduction projects in countries that are the most affected by the climate crisis, saving another half a million tons of carbon dioxide from being released into the atmosphere.  For more information, please visit their website at https://www.co2logic.com/en/team.

Calculating Superhero Carbon Footprints

By Randy Showstack

Ever think about calling on superheroes to help raise awareness of and help fight greenhouse gas emissions? Researchers and educators are thinking outside the galaxy to capture a different audience’s attention, hoping to motivate us mere mortals to take individual actions that can positively impact the planet, causing us to laugh a little bit along the way.

“If I calculate my own carbon footprint, that’s depressing. If I calculate Batman’s carbon footprint, that’s hilarious. So let’s go with the hilarious.” – Miles Traer, a geological data scientist and educator at Stanford University at the American Geophysical Union’s 2017 Fall Meeting in New Orleans.

Photo Credit: Batman and other characters from the Justice League film ride the London Underground this past November en route to the film’s U.K. premier. Credit: Ollie Millington/Getty Images
Entertainment/Getty Images

Click HERE to read more.

Consumption-Based GHG Emissions of C40 Cities

We won’t change what we don’t measure.  Having a standardized set of methodologies that define how much CO2 and other pollutants are released into the atmosphere helps us analyze and investigate ways of living in our industrialized society.  It impacts how factories are designed, how the materials to build and maintain those facilities are sourced, and the quality of life of those who work in and around that industry based on the air and water quality they consume.  

“To support evidence-based climate action planning, many cities have developed sector-based GHG inventories using standards such as the Global Protocol for Community-Scale Greenhouse Gas Emission Inventories (GPC)1.” This March 2018 report presents “the methodology and results of a study investigating the consumption-based greenhouse gas emissions (GHG) from 79 cities, carried out by the C40 Cities Climate Leadership Group (C40) in partnership with the University of Leeds (United Kingdom), the University of New South Wales (Australia), and Arup.”

Click HERE to read now.

World Bank Group Report: State and Trends of Pricing 2018

How does one monetize GHG Emissions and input those values to account for the financial benefits of those calculations?  How does that impact the development of and investment in renewable energy technology, if at all?

“Carbon pricing continues to gain traction and there is progress towards scaling up international climate finance. 2017 saw continued progress on carbon pricing initiatives at the subnational, national, and regional levels, and 2018 will be a critical year for implementing international carbon pricing mechanisms.  In 2018, the total value of ETSs and carbon taxes is US$82 billion, representing a 56 percent increase compared to the 2017 value of US$52 billion.”

Summary map of regional, national and subnational carbon pricing initiatives implemented, scheduled for implementation and under consideration (ETS and carbon tax).

Click HERE to read now.

Q1 2018 Summary of the Green Bond Market

The European Investment Bank (EIB) and the World Bank issued the first Green Bonds in 2007.  Ten years later in 2017, the Green Bond Market saw an issuance of USD $157B, setting a new record of investments in projects that are intended to have a positive impact on the health of the climate and environment.  

(Source:  https://www.climatebonds.net/market/explaining-green-bonds)

“As of April of 2018, there has been USD $25.8B issued in Green Bonds and the number of “Green Bond” countries has now increased to 47 with the addition of Iceland and Indonesia.  The largest portion of proceeds from Certified Climate Bonds and Loans is allocated to transport (40%), followed by wind (21%) and solar (11%). There have been Certified loans under three of the renewable energy criteria and two of the buildings criteria.”  

Click HERE to read now.

Mark Your Calendars For…

Events in the US:

Sustainability: How Corporate Superstars Get It Right

Tuesday and Wednesday July 17 & 18 in NYC

The 2018 Sustainability Summit presented by The Conference Board.

The 2018 Sustainability Summit will provide a unique opportunity for sustainability practitioners at leading companies to enjoy a safe space to address the most urgent and persistent, strategic, operational, and implementation challenges they face in addressing the environmental, social and governance (ESG) performance of their companies. The summit will enable peer-to-peer exchange and engagement with leading practitioners and subject matter experts to work in a collaborative way through the major challenges that corporate sustainability professionals face.

CSR Investing Summit/Summer in the City

Wednesday July 18 in NYC

The “Summer in the City” 6th Annual CSR Investing Summit is an all-day conference that presents a forum for engaging with thought leaders and discussing their points of view on how to define, manage and measure responsible investing. The conference includes expert practitioners who are plan sponsors, endowments, consultants, academics, non-governmental organizations, the sell side, and media. Attire is formal and networking is encouraged.

For more information, click here. GSC affiliates can use code sitcgsc for 25% off:

http://csrinvestingsummit.eventzilla.net/web/event?eventid=2138931806 

GeSI’s New Report “Enabling the Global Goals”

 Tuesday July 17th in NYC

GeSI will be launching their new report, “Enabling the Global Goals: Evidence of digital solutions’ impact on achieving the Sustainable Development Goals (SDGs),” on Tuesday, July 17th, at the closing reception of the SDG Business Forum held during the High-Level Political Forum on the SDGs in New York City. This report shares new, compelling evidence that the digital sector is positively linked to achieving the SDGs. They will also be launching a website where main findings and case studies will be showcased but most importantly, will allow the digital industry to track its contribution to the SDGs with the GeSI Digital Access Index (DAI) developed for this project. To find out more about GeSI, please go to their website: http://gesi.org/

For access to the full report, and a link to the Digital Access Index, click here: http://www.digitalaccessindex-sdg.gesi.org/

New GSC Webinar Series

Wednesday September 26 ONLINE

In September, the GSC takes a look at incorporating ESG (Environmental, Social & Governance) considerations into sourcing and corporate strategies. We’d like to hear from YOU and incorporate your stories and questions into the September Source Newsletter and the September 26th Webinar. Contribute to this conversation by answering this survey.

3T: Transparency, Technology, Trust- Blockchain for Responsible Sourcing

Wednesday October 24th in NYC

Presented by the GSC and New York University Center for Responsible Business. More information coming soon. To learn more about the NYU- Center for Sustainable Business, please click here.

Global Events:

Asia Pacific Climate Week 2018

July 11-13 in Singapore

Asia-Pacific Climate Week 2018 (APCW 2018) is designed to advance regional climate action. The ultimate aim of APCW 2018, the first of what is planned to be an annual gathering, is to support implementation of countries’ Nationally Determined Contributions (NDCs) under the Paris Agreement on climate change and action to deliver on the SDGs. With Asia Pacific Carbon Forum featuring as a cornerstone event, APCW 2018 will focus on market-based approaches, economic instruments and climate-aligned finance to drive investment in climate action. For more information click here.

Leaders Briefing: Navigating the TCFD Maze

September 21 in London

The recommendations from the Taskforce on Climate-related Financial Disclosures (TCFD) could prove to be one of the defining developments in the global effort to tackle climate change and build a global green economy. This is not hyperbole. Far from being just another business acronym or dry reporting requirement, the TCFDs could prove to be the lever that forces environmental considerations into the board room and places climate action at the heart of corporate strategy.  For more information and to register, click here.

AND A LITTLE HUMOR TO START THE DAY

SHOP ’TIL YOU DROP…

While Giving Back!

The Global Sourcing Council is a listed organization on both AmazonSmile and iGive. What better way to treat yourself and others than becoming a supporter today!
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Not in the shopping mood? No problem! There are other ways that you can support GSC and empower social entrepreneurs today using any major credit card through PayPal. And as always, we thank you for your continued support!

MEET THE EDITOR

Molly Anderson is the editor of The Source. She has been with the Global Sourcing Council since June 2018 and is a consultant and strategist focusing on corporate responsibility investments. To contribute to this publication, please send inquiries to thesource@gscouncil.org.

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