Peer Reviewed and Innovative Carbon Offsets
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1 Peer Reviewed and Innovative Carbon Offsets Brett Pasinella Senior Manager of Innovative Services Second Nature October 18, Second Nature. All rights reserved.
2 Thank You to our Corporate Sponsors 2016 Second Nature. All rights reserved.
3 2016 Second Nature. All rights reserved. Climate Leadership Commitments
4 History of Offset Guidance 2008 First ACUPCC offset protocol & guidance developed in Climate Leaderships Commitments launched 2015 Sustainability & Climate Action Planning Guide written to condense & update all existing guidance to support launch of Commitments 2015 Carbon Credit & Purchasing Program (C2P2) pilot 2015 AASHE session on offsetting 2016 Formation of Technical Advisory Group 2016 Revision of offset guidance 2016 Second Nature. All rights reserved.
5 Rationale for Revision What Changed? Several Trends Highlighted Pace of Change Offset markets stabilized Interest in small-scale & local offsets New work in forest-based offsets Rapid growth of on-campus renewables Financial complexities & new options 2016 Second Nature. All rights reserved.
6 Process Technical Advisory Group Generative Network Function Result of AASHE Networking session in signatory representatives Brainstorming/discussion conference calls Focused discussions of revision process Joint drafting of revised document Public comment period Multiple sessions at AASHE Second Nature. All rights reserved.
7 New Guidance Principles of High-quality Offsets Offset projects are real and emissions reductions are additional Offset projects are transparent Emissions reductions are measurable Emissions reductions are permanent Emissions reductions are verified Offset projects are synchronous Offset projects account for leakage Offset projects include co-benefits Credits are enforceable Credits are registered Credits are not double-counted Credits are retired 2016 Second Nature. All rights reserved.
8 New Guidance Principles of High-quality Offsets Offset projects are real and emissions reductions are additional Offset projects are transparent Emissions reductions are measurable Emissions reductions are permanent Emissions reductions are verified Offset projects are synchronous Offset projects account for leakage Offset projects include co-benefits Credits are enforceable Credits are registered Credits are not double-counted Credits are retired 2016 Second Nature. All rights reserved.
9 Scope 3 Offsetting New Peer-reviewed & Innovative Offsets Foster innovation & flexibility in addressing scope 3 emissions An important goal of the Climate Leadership Commitments is to utilize the educational and research capacities of signatories to advance the science and practice of addressing climate change. The offset space represents a unique opportunity for signatories to demonstrate leadership in developing new and innovative offset protocols. Therefore, the Commitments allow for scope 3 emissions up to a total limit of 30% of the total campus emissions to be offset by peerreviewed or innovative (limit of 10% of total campus emissions) offset projects Second Nature. All rights reserved.
10 Scope 3 Offsetting New Peer-reviewed & Innovative Offsets Peer-reviewed monitored through a peer-to-peer network to provide third-party review provide hands on educational opportunities for students, fosters small scale projects reduces risk of developing new registered protocol Innovative more experimental must outline which offset principles apply, which don t must include a transition plan for more rigorous verification 2016 Second Nature. All rights reserved.
11 Offset Guidance Sustainability Planning & Climate Action Guide (secondnature.org/climate-guidance) Building Blocks for Climate Action & Sustainability Carbon Management & Greenhouse Gas Mitigation Carbon Markets & Offsetshttp://secondnature.org/climateguidance/sustainability-planning-and-climate-actionguide/building-blocks-for-sustainability-planning-and-climateaction/carbon-management-greenhouse-gasmitigation/#Carbon_Markets_Offsets 2016 Second Nature. All rights reserved.
12 Peer Reviewed and Innovative Offsets October 18, 2016 Charles Adair Duke Carbon Offsets Initiative Tani Colbert-Sangree Oberlin College & Tomorrow s Climate Solutions
13 Current Project Examples Waste to Energy Urban Forestry Peatland Restoration Avoided Deforestation Energy Efficiency Residential Solar Clean Cookstoves Ozone Depleting Substance Destruction
14 Basic Criteria (PAVER) Permanent The reduction must last in perpetuity Additional The reduction would not have occurred in a business-as-usual scenario Verifiable The reduction must be able to be verified with data Enforceable The reduction must be counted only once and then retired Real The reduction must not be due to false accounting methodology
15 Project Protocol
16 Project Development
17 Potential Challenges Project type or protocol does not exist Project is too small to justify 3 rd party verification
18 How do we encourage innovation? Flexibility Expand options Share best practices Connect with others Create a path to official verification
19 Innovative Offsets Must meet most PAVER requirements Must show how the project is working to eventually meet all PAVER requirements Must still track and measure offsets Can only use innovative project offsets for Scope 3 Limited to 10% of total emissions annually Allows institutions to leverage their academic & research resources without being penalized as first actors
20 Examples Energy efficiency double counting Urban Forestry permanence
21 Peer Review vs. Innovative Offsets Offset Credit Characteristics Peer Review Innovative Offsets PAVER requirements: Fulfill Completely Fulfill most, provide pathway to PAVER Accredited 3 rd party verification: Marketable: Would pass Non-marketable; but goal to be same quality Would not pass Non-marketable Internal capacity building & educational value: Reinforce academic mission and community benefits Reinforce academic mission and community benefits
22 Peer Review & Innovative: Goals Reduce non-project Costs Project documentation Verification Incentivize new projects Risk assurance for first-actors
23 Peer Review Process
24 Peer Review Committee 1. Develop & structure the program 2. Advise new project organizers 3. Authorize institutions as peer reviewers 4. New protocol review & approval
25 Offset Network
26 Offset Network - Mission To facilitate and catalyze high-integrity, unique offset projects that provide educational and research opportunities for students, faculty, and staff by connecting peer institutions and aggregating best practices.
27 Offset Network
28 Offset Network
29 Offset Network
30 Offset Network & Second Nature Seeking Peer Review Committee Member nominations Peer Review Committee to inform: Peer Review Process Second Nature Guidance Document on Carbon Offsetting for Peer Review & Innovative Offset Projects Build relationships with existing GHG registries
31 Contact Info Charles Adair, Program Manager, Duke Carbon Offsets Initiative Tani Colbert-Sangree, Oberlin Project & Tomorrow s Climate Solutions tani@tomorrowsclimatesolutions.com
32 Questions? For more information, contact: 2016 Second Nature. All rights reserved.
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