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Accounting for carbon at the point of consumption . Prof. John Barrett University of Leeds October 13 th , 2011. Toy Production. Toy Consumption. Scale of Traded Emissions - Global. Source: University of Leeds. Scale of Traded Emissions - National. Source: University of Leeds.
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Accounting for carbon at the point of consumption Prof. John Barrett University of Leeds October 13th, 2011
Scale of Traded Emissions - Global Source: University of Leeds
Scale of Traded Emissions - National Source: University of Leeds
Scale of Traded Emissions - Sector UK USA China Share of domestic consumption by country of origin of steel Source: University of Leeds
Global Emissions captured in trading schemes Source: University of Leeds
CO2 or GHG Emissions Source: University of Leeds
Capturing Carbon in Trade Source: University of Leeds
Best Available Technologies Source: University of Leeds
What Counts? • All embodied emissions (8% difference • “Real” emissions, not false assumptions (10% difference) • Inclusion of the US and Japan in domestic schemes (15% difference) What doesn’t count • Least developed countries (under 1%) • Full GHG emissions (at least for existing sectors) (under 2%)
Challenges • Complex carbon accounting system that is robust • Difficulty of border carbon adjustments that would make a difference