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Agenda

Global GHG Register Results and New Challenges UNFCCC, Conference of the Parties (COP) 10 Buenos Aires, 9 December 2004 Presented by Robert Casamento , Project Director. Agenda. Update on the Global GHG Register and its activities in 2004

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Agenda

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  1. Global GHG RegisterResults and New Challenges UNFCCC, Conference of the Parties (COP) 10Buenos Aires, 9 December 2004Presented by Robert Casamento, Project Director

  2. Agenda • Update on the Global GHG Register and its activities in 2004 • Hear from participants about why they are involved and some of the key issues they believe are important • Hear from partner organisations their thoughts on some of the key challenges for 2005 • Questions & Answers

  3. What is the Global GHG Register? • Public-private partnership that: • Provides the only global platform for the Disclosure of worldwide GHG emission inventories and reduction activities • Provides a forum for Dialogue on harmonisation of GHG emission measurement and reporting standards being developed across various programmes and jurisdictions • Facilitates Recognition by the public and opinion leaders of the contribution that businesses around the world, individually and as a whole and from developed and developing countries alike, are making with respect to climate change

  4. Supporting Partners

  5. Disclosure

  6. The Global GHG Register • A web-based platform that allows companies to disclosure their worldwide GHG emission inventories and reduction targets • It is the only Register programme that focuses on global engagement and outreach • Key objective: to improve the transparency of corporate GHG reporting

  7. Committed participants

  8. What does this mean?

  9. Global GHG R: Over 800 MtCO2e Countries in which the participants have operations

  10. What have they committed to do? • Prepare a corporate-wide inventory of GHG emissions for the six major GHGs Basis of preparation is the WRI/WBCSD (revised) GHG Protocol • Allow the reported information to be made publicly available on a web-based platform • Have their inventories of GHG emissions independently verified If not, the company is prepared to allow for the possibility of a random third-party spot check organized by the Register

  11. Optional disclosure • Emissions Reduction Targets • Registration of GHG emission reduction targets is invited and encouraged but not required for registration of a GHG inventory

  12. Public Report’s Website:http://www.weforum.org/site/homepublic.nsf/Content/Global+Greenhouse+Gas+Register

  13. Dialogue

  14. Dialogue A forum for Dialogue on harmonisation of GHG emission measurement and reporting standards being developed across various programmes and jurisdictions

  15. Existing programmes

  16. Existing programmes PROJECTS? CDM? ? ? ? Mexican Reporting Initiative ? Northeast Registry (NESCAUM) Industry Associations (Aluminum, IPIECA, ICFPA, Cement, Iron & Steel)

  17. Concerns • Cost associated in preparing information • Confusion and misunderstanding among stakeholders

  18. Our response • Cross Recognition Agreements • Global GHG Accounting & Reporting Workshop, Paris 6&7 October 2004 • co-hosted with IETA & WBCSD

  19. Cross recognition • Companies can provide data that has already been submitted to (and accepted by) another programme Obviously, there are some conditions of acceptance • Have agreements with US EPA Climate Leaders & CA Registry, Chicago Climate Exchange • Recently approached the Australian Greenhouse Office • Understanding to work together to look into issues associated with reducing the burden on business and improving transparency for stakeholders

  20. Paris Workshop • Key Objectives • To achieve a better understanding of the differences and consistencies among global, regional and national GHG emission measurement and reporting as well as reduction projects from a regulatory requirement and voluntary corporate reporting perspective • Establish a network for on-going discussions • Day 1 focused on GHG reduction projects, day two on GHG inventories

  21. Who attended? • Regulator representatives • EU ETS, Japan (METI), Canada, US (EPA), Australia (NSW Government) • Standard setting organisations • WBCSD, WRI, ISO, IPIECA • GHG Register programmes • US EPA, California Climate Action Register, Chicago Climate Exchange, WWF Climate Savers • Verifiers • BVQI, KPMG, DNV, Deloitte • Corporates • Endesa, Gaz De France, B, Suez, Aloca, Alcan, International Paper, Anglo Amercian, Chevron Texaco, JPower, RWE, Tractabel, Vattenfall, Lafarge • Project Developers / Finance providers • World Bank Carbon Finance, Climate Trust, UNDP, CDC Ixis, Russian Carbon Fund

  22. Outcomes • Projects • In general, the group concluded that work on project-related issues should have the fundamental purpose of improving information on GHG projects. It was suggested that it would be helpful to develop a public disclosure platform that would provide a better understanding of the full spectrum of project possibilities and facilitate movement toward greater fungibility of project eligibility across schemes and discussion of various technical aspects • Inventories • There was overwhelming support to continue the process of dialogue on harmonisation with respect to preparing GHG inventories

  23. Recognition

  24. Facilitating Recognition • Improve the transparency of GHG reporting • Attendance at over 10 Global Conference and Events to talk about the Global GHG Register and the commitments and work participating companies are doing (e.g. Carbon Expo, May 2004) • Partner networks (WBCSD meeting, Nov 2004) • Discussions with shareholders/financial community: for example: CDP, UNEP, Swiss Re, UNDP, CERES • Outreach through the Forum’s Global network • Feeding into the on-going debate • Kyoto and Beyond debate facilitated by the Pew Centre on Global Climate Change • DAVOS Annual Meeting 2005

  25. Looking Forward • Disclosure • Encourage greater participation and commitment from companies to participate • In doing so we will develop a credible quantitative metric that will illustrate the contribution of the private sector to reducing Global GHG emissions • Dialogue • Progress efforts on reducing fragmentation in accounting & reporting practices for both GHG inventories and projects • Improve information and understanding on GHG projects • Recognition • Focus on identifying and raising issues at a CEO and CFO level • Promote recognition of the commitments and activities of the participating companies

  26. Agenda • Update on the Global GHG Register and its activities in 2004 • Hear from participants about why they are involved and some of the key issues they believe are important • Hear from partner organisations their thoughts on some of the key challenges for 2005 • Questions & Answers

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