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Carbon Farming Initiative and Clean Energy Legislation (Australia)
Climate Roundtable is actively engaged with clients advising in Australia and SE Asia on the opportunities in this emerging sector. The Australian Government has recently introduced a suite of legislation that creates far reaching obligations for large emitters. Market creation is at the core of the initiatives.
Underpinned by the 2007 NGER reporting legislation the Clean energy bills will create a demand immediately as companies plan rapidly their emission abatement,mitigation and offset strategies for compliance with the legislation.
The supply side created by the Carbon Farming Initiative will immediately provide opportunity to feed this compliance regime with offsets up to five percent of the total liability for each large emitter for 3 years and then unlimited as the scheme transistions to the flexible price mechanism.
Climate Roundtable provides advice and strategic planning around the new scheme.
Aviation
Climate Roundtable is currently advising a North American Project on the Policy and regulatory regime set up by the European Commission in relation to the EC directive on reducing emissions from aviation.
As part of the obligations under the European Emissions Trading Scheme, aircraft operators have to monitor and report data regularly from 2010 onwards. There are EU-wide provisions, adopted by the Commission in April 2009, on what data must be monitored and reported, and how this should be done. These are laid down in the Monitoring and Reporting Guidelines (MRG).
It is against this background that Climate Roundtable advises on the compliance regime for the aviation sector in their future quest to reduce emissions from green house gases.
Avoided Deforestation Indonesia and SE Asia
Deforestation is a major contributor to global warming. At last assessment and according to the Stern review destruction of the world’s rainforests contribute to 20 percent of Co2 emissions globally.
In our region Indonesian including West Papua, PNG, and Philippines rainforests have suffered at the hands of illegal logging but also by the hand of legal logging whereby the local communities have needed to sustain them. The challenge for the international carbon markets is to avoid this destruction by substituting carbon dollars for the funding that harvesting of the timber brings to the Landowners.
Lewis Tyndall has developed models both legal, financial that allows customary land-owners to exercise their rights to the carbon resource in their forests and satisfy the development and sustainability of the communities and the peoples within them. These models are subject to compliance with any regulatory regime within the country where the resource is located. It is critical that developers comply with both local laws and with forest NGO policies for sustainable communities.
Essential to this process is compliance with the legislation and any other nascent policy framework on carbon and avoided deforestation.
The process involves carbon trading transactions, legal and scientific methodologies that will be underpinned by the rigorously developed International Verified Carbon Standard (VCS) (subject to verification).
This process will comply with the United Nations Protocol called Reduced Emissions from Deforestation and Degradation (REDD) as it takes shape as foreshadowed by the Bali roadmap at the United Nations Framework on Climate Change Conference of the Parties 13 (COP13) in Bali in 2007 and COP14 in Poznan Poland in December 2008, Copenhagen 2010 Cancun in 2010 and also in Durban in 2011
Climate Roundtable is working at the forefront of the development of an international compliance regime for the trading of carbon in the world’s rainforests. Lewis Tyndall is assisting in the facilitation in this long term process to allow the international carbon funds to assist many avoided deforestation projects.
Engage
Climate Roundtable is a member of the engage team along with Wayne Young and Lance Innes advising on projects under development for world environment day and the +20 Rio Earth Summit.
Sri Lankan Projects
Climate Roundtable is advisor on Biomass projects in Sri Lanka with Sanjeewa Wijesingehe of Greenway Planet Pty Ltd.
This includes a 10 Megawatt plant being developed in the Ampara region, which is currently in the Project Design Document phase.
In addition the team is consulting to the Hi Tech City program to provide feasibility and due diligence on renewable energy power for the project.
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