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Emergence of Carbon Labeling: Why all the trouble?. Jiseok Kim Commissioned Researcher APEC SME Innovation Center. Consequences of a wrong price tag . $10. $100. Out of Business. Price of dumping CO 2 in atmosphere?. Very low or ZERO. It doesn’t sound like much .
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Emergence of Carbon Labeling: Why all the trouble? Jiseok Kim Commissioned Researcher APEC SME Innovation Center
Consequences of a wrong price tag $10 $100
Price of dumping CO2 in atmosphere? Very low or ZERO
Itdoesn’t sound like much. • But consequences can be very expensive
Droughts can be expensive too. And they now last much longer.
It can be like a subprime mortgage crisis DEFRA may not renew their agreement for flood defense in 2013. 200,000 homes will have no insurance No mortgage Slower economy
Life-threatening Property-damaging
Dry places get drier. Wet places get wetter Queensland Sydney Melbourne
Queensland flood (2010-2011) Damage: $5.6 billion $2.8 billion raised for flood relief by budget cuts $1 billion additional fund by delaying infrastructure projects Flood levy implemented (2011) for everyone who earns more than $50,000 per year Flood insurance or relief fund become mandatory for state government Burden on Society
Solution: Implement policies and measures to achieve carbon reduction.
Zero CO2 electricity future withRenewables, Nuclear power, and Clean fossil fuels unabated use (grey) of fossil fuel must be gone
National level policies are important but not enough 60 : 40 Emission unrelated to consumer choice Emission related to consumer choice
Benefits of carbon label - Help consumers make more conscious choice - Raise consumer awareness - Improve business management - Enhance business competitiveness - And more
Carbon label: An important complement to our incomplete price tag $329 $399 $499 95 kg CO2e 105 kg CO2e 170 kg CO2e
Carbon label: an important factor for b2b business as well 9kg CO2e 5 kg CO2e 10 kg CO2e 12 kg CO2e
It can get much worse if we don’t take action www.metoffice.gov.uk/climate-change
Change is happening but happening too slowly “The transition to a low-carbon, inclusive green economy is happening far too slowly and the opportunity for meeting [scientific advice on emissions targets] is narrowing annually,” - AchimSteiner, executive director of UNEP. Carbon labeling can accelerate the transition.
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