Carbon Account & Carbon Market
Speaker: Yangyang，Jerry
Type: Presentation
Location: Online meeting (ZOOM)
Time: About 1 hour
Topics Explored:
- Carbon Accounting and its Origins:
a. The concept stems from life cycle assessments which evaluate environmental impacts of a product through its life cycle.
b. Discussion on different methodologies for carbon emission accounting such as the emission factor approach, mass balance approach, and direct measurement. - Application and Regulatory Aspects:
a. The applications of carbon accounting in fulfilling legal requirements and addressing societal concerns were discussed.
b. A significant focus was on how carbon accounting supports regulatory frameworks and corporate standardization for emissions reporting. - Carbon Markets and Trading Systems:
a. Explanation of carbon markets, particularly focusing on carbon emission rights which are tradable and regulated by governments.
b. Insight into carbon pricing mechanisms including emissions trading systems and carbon taxes. The market dynamics and pricing strategies in different countries like China and members of the European Union were compared. - Personal Carbon Accounting:
a. Introduction to personal carbon accounts which track individual or corporate greenhouse gas emissions.
b. The voluntary nature of personal carbon accounts compared to mandatory corporate emissions trading was highlighted.
c. The potential social impact and motivational aspects of personal carbon accounting were also discussed. - Challenges and Solutions:
a. Various challenges associated with carbon accounting systems such as data integrity and legislative weaknesses were addressed.
b. Possible solutions to improve the effectiveness of carbon markets and ensure fair and accurate emissions reporting were proposed. - Future Directions and Technological Integration:
a. The discussion ventured into future advancements in carbon accounting and market operations.
b. The role of technology and new project categories in enhancing transparency and efficiency in carbon trading were examined.