serving compliance buyers with ods offsets

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NEW FRONTIERS IN CLIMATE ACTION © 2012 EOS Climate. All rights reserved. EOS ODS Offsets and the Market 2012

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Page 1: Serving Compliance Buyers with ODS Offsets

NEW FRONTIERS IN CLIMATE ACTION

© 2012 EOS Climate. All rights reserved.

EOS ODS Offsets and the Market

2012

Page 2: Serving Compliance Buyers with ODS Offsets

© 2012 EOS Climate. All rights reserved. 1

Recognition

California Governors Environmental and Economic Leadership Award (GEELA) Environmental Finance market survey:

Media Coverage:

Page 3: Serving Compliance Buyers with ODS Offsets

© 2012 EOS Climate. All rights reserved. 2

Recognition

Page 4: Serving Compliance Buyers with ODS Offsets

© 2012 EOS Climate. All rights reserved. 3

ODS Destruction Offsets - Additionality

CLIMATE CHANGE

OZONE DEPLETION

HALOCARBONs

USE & BANKS PRODUCTION

BUSINESS AS USUAL

ODS OFFSET Reclaimed ODS is

destroyed, creating a

verifiable and permanent

emission reduction. EOS

Climate is recognized as

a pioneer of ODS destruction in carbon

markets.

Reclaimed ODS is reused in older equipment, and

ultimately leaked.

Page 5: Serving Compliance Buyers with ODS Offsets

© 2012 EOS Climate. All rights reserved. 4

EPA Certified Reclaimer

Clean Harbors Environmental Services, AR.

Project Case Study

Appliance Demanufacturer

Page 6: Serving Compliance Buyers with ODS Offsets

© 2012 EOS Climate. All rights reserved. 5

Units Received

Page 7: Serving Compliance Buyers with ODS Offsets

© 2012 EOS Climate. All rights reserved. 6

Now What?

Current EOS ODS CRT issuance:

Next Steps:

Page 8: Serving Compliance Buyers with ODS Offsets

© 2012 EOS Climate. All rights reserved. 7

ARB Offsets

ARB Protocol and Procedures

CITSS

Registry Approval

Verification Bodies/Verifier Approval

Page 9: Serving Compliance Buyers with ODS Offsets

© 2012 EOS Climate. All rights reserved. 8

ARB Conversion / Issuance Process

EAO to CCO(3)

Early Action Offset (CRT)

CCO (8) CCO (3)

CCO(8) to CCO(3)

Project Conducted

CCO (8) CCO (3)

(DISCLAIMER): This is EOS Climate’s understanding of the process for conversion and creation of CARB offsets under AB32. This should not be viewed as a statement from the California Air Resources Board (ARB).

Page 10: Serving Compliance Buyers with ODS Offsets

© 2012 EOS Climate. All rights reserved. 9

Sales

EAO to CCO(3)

Early Action Offset (CRT)

CCO (8) CCO (3)

CCO(8) to CCO(3)

Project Conducted

CCO (8) CCO (3)

✔ ✔ ✔

Page 11: Serving Compliance Buyers with ODS Offsets

© 2012 EOS Climate. All rights reserved. 10

Sales

EAO to CCO(3)

Early Action Offset (CRT)

CCO (8) CCO (3)

✔ ✔ ✔

CRT ($ X) + CCO(8) ($ Y) + CCO(3) ($ Z) = $ CCO(3)

CCO(8) ($ Y) + CCO(3) ($ Z) = $ CCO(3)

CCO(3) ($ Z) = $ CCO(3)

1

2

3

Page 12: Serving Compliance Buyers with ODS Offsets

© 2012 EOS Climate. All rights reserved. 11

Questions

Patrick Pfeiffer

[email protected]

Page 13: Serving Compliance Buyers with ODS Offsets

NEW FRONTIERS IN CLIMATE ACTION

© 2012 EOS Climate. All rights reserved.

Thank You.