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Instructors: Professor Rudolf B. Husar, Erin M. Robinson

Class Project Report Sustainable Air Quality, EECE 449/549, Spring 2008 Washington University, St. Louis, MO The Carbon Footprint of Danforth Campus and its Causality Drivers. Instructors: Professor Rudolf B. Husar, Erin M. Robinson. Students: Devki Desai Martin Groenewegen Tyler Nading

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Instructors: Professor Rudolf B. Husar, Erin M. Robinson

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  1. Class Project ReportSustainable Air Quality, EECE 449/549, Spring 2008Washington University, St. Louis, MOThe Carbon Footprint of Danforth Campusand its Causality Drivers Instructors: Professor Rudolf B. Husar, Erin M. Robinson Students: Devki Desai Martin Groenewegen Tyler Nading Kate Nelson Matt Sculnick Alyssa Smith Varun Yadav See also a 5 min screencast and more details on the class wiki

  2. WU and the Chicago Climate Exchange Matt Sculnick

  3. Pollution Prevention • There are 2 main types of pollution prevention methods: Cap-and-Trade and BACT • The Best Available Technology Method requires certain pollution control methods to be put in place at specific facilities • There are different requirements for both new and existing sources; the new generally being stricter • Cap-and-Trade systems require that each facility only emit a certain amount a certain pollution (by weight) and if they come in under they are allowed to sell their remaining permits • This requires specific monitoring in order to verify the pollution levels

  4. Chicago Climate Exchange • The CCX was founded in 2003 and is the only trading platform of its kind in North America • All members of the exchange, currently approximately 350, agree to certain CO2 reductions each year • The members join voluntarily, but the reductions which they agree to are legally binding • The Chicago Climate Exchange (CCX) has three component parts: The CCX Registry, The CCX Trading Platform, and The Clearing Settlement Platform; which provide real-time information to the traders • There are two different kinds of members: Phase I and Phase II, which joined the exchange in 2003 and 2007 respectively • Both types of members have agreed to overall reductions of 6% of their baseline by 2010

  5. Trading on the Exchange • Members on the exchange are trading CCX Carbon Financial Instruments (CFI) Contracts which correspond to 100 metric tons of CO2 emissions • The contracts that are being traded also correspond to the specific year in which they were issued and when companies fail to meet their reductions they purchase contracts from that year • In addition to companies trading contracts which the receive for any reductions below their specified levels, they also may receive reductions for any offset projects which they are able to complete and have verified by a third party • There are standardized rules set out by the exchange which define how CFI contracts are issued for Agricultural methane, Coal mine methane, Landfill methane, Agricultural soil carbon, Rangeland soil carbon management, Forestry, Renewable energy, and depleting substance destruction. These projects must also go through a 4 set verification procedure.

  6. University Involvement • There are 8 current University members of the Chicago Climate Exchange • Tufts has been a member of the exchange since 2003 and the others have subsequently joined later as Phase II members

  7. Actual vs. Allowed CO2 Emissions • Differential between actual emissions and allowed emissions not only is positive, but is actually increasing every year

  8. CCX CFI Contracts Purchased Per Year • In each year the number or CCX CFI contracts that would need to be purchased by the University in order to overcome its pollution is increasing

  9. Excess Polluting Costs to the University • As a Phase I member of the exchange the University would have contracted total costs of $20,816 • As a point of reference it would cost $150,000 to buy all of the contracts on the European Climate Exchange

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