Emission Capping & Trading, First of its Kind in ADNOC Group

The Spiking Gas Compressor project was installed in 2014, which reduces 65,000 tons of Carbon-di-oxide (CO2) emission annually. This was subsequently registered as a CDM (Clean Development Mechanism) project under UN convention and incidentally this was the first ADNOC project to be under this registration. The registration is the first step to claim for Carbon Credits under United Nations Framework of Clean Climate Convention (UNFCCC) scheme. No Carbon Credits were claimed under CDM since its commissioning in 2014 due to low carbon price. In 2019, we achieved the next big milestone of trading these accumulated carbon credits to an Austrian MNC. M/s MASDAR, pioneer in this field, who are also partner of ADNOC onshore in this green project, arranged an Upstream Emission Reduction (UER) buyer. The transaction is worth 65,000 tons of CO2 reduction and considerable monetary benefit. This transaction assumes significance not in terms of monetary value but a global recognition to ADNOC as a company amongst the leading players in the global arena in reducing the Greenhouse Gas (GHG) emissions. This project is the first & largest Clean Development Mechanism (CDM) registered in Oil & Gas industry in UAE. United Nations Framework Convention on Clean Climate (UNFCCC) recognized flare gas recovery through Spiking Gas Project as Clean Development Mechanism (CDM) project to generate Carbon Credits. The project demonstrates the commitment and support of Abu Dhabi Government and ADNOC towards climate change mitigation measures. Clean Development Mechanism (CDM) project demonstrated successful partnership with Masdar. The project was converted into to UER scheme. ADNOC Onshore & Masdar arranged a Buyer. Later, in compliance to ISO 14064/65, post Validation/ Verification by external auditors brought a considerable revenue to ADNOC.

Economic Analysis of Developing a Sustainable Aviation Fuel Supply Chain Incorporating With Carbon Credits: A Case Study of the Memphis International Airport

Sustainable aviation fuel (SAF) has been considered as a potential means to mitigate greenhouse gas (GHG) emissions from the aviation sector, which is projected to continuously expand. This study examines the impact of developing a SAF sector along with carbon credits on carbon equivalent emissions from aviation using a Stackelberg leader-follower model that accounts for economic interaction between SAF processor and feedstock producers. The modeling framework is applied to an ex-ante optimization of commercial scale SAF production for the Memphis International Airport from the switchgrass-based alcohol-to-jet pathway. Results suggest that supplying 136 million gallons of SAF to the Memphis International Airport annually could reduce 62.5% of GHG emissions compared to conventional jet fuel (CJF). Incorporating with carbon credits, SAF could lower GHG emissions by about 65% in total from displacing CJF and generate additional welfare gains ranging between $12 and $51 million annually compared to the case without carbon credits. In addition, sensitivity analysis suggests advancing SAF conversion rate from biomass could lower the SAF break-even considerably and enhance the competitiveness of SAF over CJF.

Pressure for drastic climate action to build post-COP

Significance The agreement has been widely criticised for its shortcomings, not least its failure to secure commitments to end coal use and to make major breakthroughs in climate governance. Progress has nevertheless been made on some issues, such as deforestation and methane emissions. Precedents have been set, symbolic milestones achieved and foundations for future progress laid. Impacts The Global Methane Pledge will foster increased attention on non-CO2 greenhouse gases. Comprising more than 450 institutions, the Glasgow Financial Alliance for Net Zero could boost funding for decarbonisation. The finalisation of the Paris Agreement ‘rulebook’ will prompt a rapid expansion in carbon credits.

Dairy Industry under New Zealand's Emissions Trading Scheme: Analysis of Farmers' Attitudes towards Climate Change: The Expense Created by the NZETS and the Point that Farmers will Begin to Reduce Emissions

<p>Adaptation to actual climate change and contingency planning to reduce vulnerability from likely climate change effects is crucial for the New Zealand dairy industry. Thus in alignment with international treaties and growing international pressure and speculation, the New Zealand Government in October 2007 announced an Emissions Trading Scheme (ETS) adaptable specifically to the New Zealand scene. This ETS passed into law in September 2008 through the enactment of the Climate Change Response (Emissions Trading) Amendment Act 2008. This thesis specifically looks at agriculture related emissions and calculates the liability faced by the dairy industry come 2013 when the industry is completely involved in the ETS. The purpose of this is to further aid the industry so that it can best align itself with the ETS in order to minimise this liability. This is not simply an aid to help the industry save money, as the minimisation of liability should come as a benefit to the environment through reduced emissions. There is also a second issue associated with this - as to whether the liability faced by the industry will be material enough in order for the farmers to actually mitigate their environmental impacts or will they simply bear the expense and ignore the opportunities to reduce their emissions against a baseline (and potentially generate carbon credits for sale) and/or offset any residual emissions through purchasing carbon credits? This therefore analysed the threshold of farmer's incomes whereby they will choose to abate their emissions rather than simply paying for their carbon emissions liability. This threshold obviously varied greatly through the dairying industry with differing factors - this was taken into account and discussed in detail. Other aspects influence this threshold also, factors such as the opportunity for the industry to market a niche product if they do achieve a low carbon or carbon neutral status for their products, cost competitiveness of available abatement technologies, geographical issues pertaining to each abatement method and so on. In order to gain an insight into farmers' perceptions 23 Taranaki dairy farmers were interviewed. This 23 was selected randomly from a list of farmers who reside in the geographical area of Taranaki. This randomisation allowed for an analysis of a variety of size of farmers which eliminated a bias of perceptions from dominating farming sizes within this region. Utilising the theoretical framework surrounding stabilisation triangles, riparian management and nitrification inhibitors were the basis of this examination for emissions reduction management due to their major co-benefit of improved water quality alongside the ultimate goal of emissions reductions. The extent of potential mitigation through the implementation of riparian management and nitrification inhibitors equates to two of the wedges required for the overall reduction in emissions under the ETS. Also, as explained earlier, the co-benefit of improved water quality associated with riparian management and nitrification inhibitors make their implementation even more attractive. The theory behind riparian management and nitrification inhibitors has mostly been done, therefore for the purpose of this thesis, farmers' perceptions of the abatement options were examined. These perceptions included the associated opportunities as well as the challenges that will be faced by those participating farmers.</p>

Dairy Industry under New Zealand's Emissions Trading Scheme: Analysis of Farmers' Attitudes towards Climate Change: The Expense Created by the NZETS and the Point that Farmers will Begin to Reduce Emissions

<p>Adaptation to actual climate change and contingency planning to reduce vulnerability from likely climate change effects is crucial for the New Zealand dairy industry. Thus in alignment with international treaties and growing international pressure and speculation, the New Zealand Government in October 2007 announced an Emissions Trading Scheme (ETS) adaptable specifically to the New Zealand scene. This ETS passed into law in September 2008 through the enactment of the Climate Change Response (Emissions Trading) Amendment Act 2008. This thesis specifically looks at agriculture related emissions and calculates the liability faced by the dairy industry come 2013 when the industry is completely involved in the ETS. The purpose of this is to further aid the industry so that it can best align itself with the ETS in order to minimise this liability. This is not simply an aid to help the industry save money, as the minimisation of liability should come as a benefit to the environment through reduced emissions. There is also a second issue associated with this - as to whether the liability faced by the industry will be material enough in order for the farmers to actually mitigate their environmental impacts or will they simply bear the expense and ignore the opportunities to reduce their emissions against a baseline (and potentially generate carbon credits for sale) and/or offset any residual emissions through purchasing carbon credits? This therefore analysed the threshold of farmer's incomes whereby they will choose to abate their emissions rather than simply paying for their carbon emissions liability. This threshold obviously varied greatly through the dairying industry with differing factors - this was taken into account and discussed in detail. Other aspects influence this threshold also, factors such as the opportunity for the industry to market a niche product if they do achieve a low carbon or carbon neutral status for their products, cost competitiveness of available abatement technologies, geographical issues pertaining to each abatement method and so on. In order to gain an insight into farmers' perceptions 23 Taranaki dairy farmers were interviewed. This 23 was selected randomly from a list of farmers who reside in the geographical area of Taranaki. This randomisation allowed for an analysis of a variety of size of farmers which eliminated a bias of perceptions from dominating farming sizes within this region. Utilising the theoretical framework surrounding stabilisation triangles, riparian management and nitrification inhibitors were the basis of this examination for emissions reduction management due to their major co-benefit of improved water quality alongside the ultimate goal of emissions reductions. The extent of potential mitigation through the implementation of riparian management and nitrification inhibitors equates to two of the wedges required for the overall reduction in emissions under the ETS. Also, as explained earlier, the co-benefit of improved water quality associated with riparian management and nitrification inhibitors make their implementation even more attractive. The theory behind riparian management and nitrification inhibitors has mostly been done, therefore for the purpose of this thesis, farmers' perceptions of the abatement options were examined. These perceptions included the associated opportunities as well as the challenges that will be faced by those participating farmers.</p>

Peatland conservation strategies and carbon pricing possibilities for climate change mitigation in Indonesia: a review

Humankind is digging to solve one of the world’s most complex issues at present, climate change. Many studies were conducted and initiatives were proposed as mitigation and adaptation strategies to date, such as restoration and preservation of carbon storage. Peatlands are widely recognized as the largest natural carbon storage of all terrestrial ecosystems. Peatlands can help mitigate climate change by its ability to sequestrate huge amounts of carbon and maintain water balance. This valuable yet vulnerable ecosystem needs to be managed properly to maintain the functions. This study aimed to critically review the peatland conservation strategies and possibility of carbon pricing for mitigation and adaptation of climate change, specifically for Indonesia. It was revealed that restoration strategies such as rewetting, revegetation, and revitalization could help with peatlands conservation and further reduction in emissions from land sectors. However, the funding for conservation activities would become a hindrance to the viability and sustainability. Carbon pricing could be a potentially effective approach to conservation of peatlands. Sequestrated carbon and potential additional value from ecosystem services could higher up the price that made the option for conservation more stunning. Therefore, to establish tradable carbon credits on peatland as a means to support the sustainability of Indonesia’s peatland conservation in the future, the action to well managing and standardizing the carbon credits should be started immediately. Though the process will take time and great willingness from all parties, this option could be used for long-term peatland conservation activities.

Fostering Carbon Credits to Finance Wildfire Risk Reduction Forest Management in Mediterranean Landscapes

Despite the need for preserving the carbon pools in fire-prone southern European landscapes, emission reductions from wildfire risk mitigation are still poorly understood. In this study, we estimated expected carbon emissions and carbon credits from fuel management projects ongoing in Catalonia (Spain). The planning areas encompass about 1000 km2 and represent diverse fire regimes and Mediterranean forest ecosystems. We first modeled the burn probability assuming extreme weather conditions and historical fire ignition patterns. Stand-level wildfire exposure was then coupled with fuel consumption estimates to assess expected carbon emissions. Finally, we estimated treatment cost-efficiency and carbon credits for each fuel management plan. Landscape-scale average emissions ranged between 0.003 and 0.070 T CO2 year−1 ha−1. Fuel treatments in high emission hotspots attained reductions beyond 0.06 T CO2 year−1 per treated ha. Thus, implementing carbon credits could potentially finance up to 14% of the treatment implementation costs in high emission areas. We discuss how stand conditions, fire regimes, and treatment costs determine the treatment cost-efficiency and long-term carbon-sink capacity. Our work may serve as a preliminary step for developing a carbon-credit market and subsidizing wildfire risk management programs in low-revenue Mediterranean forest systems prone to extreme wildfires.

Hub-and-Spoke Logistics Network Considering Pricing and Co-opetition

With the rapid development of the logistics market, the construction of an efficient “channel + hub + network” logistics system, that is, a hub-and-spoke logistics network, is of great importance to enterprises. In particular, how to reduce costs and increase efficiency in both the construction of network facilities and actual operations, and to formulate reasonable prices for the logistics service needs in the entire market are crucial strategies and decisions for enterprises. Under such a background, this article starts from the perspective of duopoly logistics enterprises that jointly build networks and allow the transfer of surplus capacity and carbon credits, and studies the hub-and-spoke logistics network design that also considers the relationship between service pricing and co-opetition. Considering the corporate profit and difficulty of implementation as a whole, the co-opetition is a better choice than the complete competition and perfect cooperation. In addition, the remaining capacity of the company, the transfer of carbon credits, the joint construction and sharing of hubs, and strategic cooperation in the area of corporate common pricing under the price framework agreement are conducive to the realization of an increase in corporate operating profits, a better market share and more favorable pricing.

Economic impacts of short rotation woody crops in Canada

Canada is seeking cost-effective means to mitigate greenhouse gas emissions, particularly CO2. One of the promising means is the short rotation woody crops (SRWC) plantation, a silvicultural approach to establishing and managing fast growing plantations on previously cleared lands. This paper utilizes the data set provided by recent harvesting operations at the Ellerslie SRWC Technical Development Site in Edmonton (Alberta) to assess the ability of SRWC using High Yield Afforestation to mitigate GHG emissions and generate more wood fibre and the investment attractiveness to establish future plantations. Results illustrate that at current trading prices for carbon credits and market prices of woodchips, expected rates of return on investment for SRWC were relatively low, despite a positive net present value ($400/ha for 20 year planting cycle without carbon credits). However, estimates from the Ellerslie site indicate that 330 tons of CO2-eq per hectare are captured above and below ground over the 20 year plantation cycle. However, higher future carbon prices, a well-developed market for buying and selling carbon credits, as well as adapted policy including additional government sponsored programs for carbon credits, could make SRWC more attractive and dramatically change the economics of afforestation in the future.