Chapter 5 Flashcards
(33 cards)
In the absence of Scope 3 emissions, what can be used to estimate?
Economic Input-Output Life Cycle Assessment models
What does the EU Technical Expert Group (TEG) say on Scope 3 emissions reporting?
Companies should report scope 3 within 4 years of initial report, with companies with more material scope 3 emissions reporting earlier
What does the WRI call avoided emissions?
Comparative emissions
What is the WACI?
Weighted average carbon intensity of revenue. This is a weighted average of each company’s revenue carbon intensity based on portfolio weight. Alternatively, same metric can be derived through portfolio carbon intensity by revenue, which divides portfolio claim of emissions by portfolio claim of revenue
The GRI apply what 5 metrics on energy?
Energy consumption within the organisation
Energy consumption outside the organisation
Energy intensity
Reduction in energy consumption
Reduction in energy requirements of products and services
The GRI apply what 3 metrics on waste?
Waste generated
Waste diverted from disposal
Waste directed to disposal
The EU has enhanced emissions air pollution regilatiok on?
Sulfur oxide and nitrogen oxide, especially impacting large combustion power stations
Which tool monitors deforestation in the supply chain?
Trace from Global Canopy and the Stockholm Environment Institute
What tool is available to track soil health?
TerraCarbon and it’s Verified Carbon Standard. Focused on increasing soil organic carbon storage, net emissions, methane and nitrous oxide emissions
Under the SBTi, what proportion of scope 1 and 2 emissions may be excluded?
Up to 5%
What are the 3 available SBTi methodologies for financial institutions?
- SDA (e.g. for real estate, power generation etc.)
- SBTi portfolio coverage approach - engagement targets set for companies to have SBTi targets in place
- Temperature Rating Approach
What do NZAOA members have to do?
Set targets within 12 months.
Engagement targets, sector targets, (sub) portfolio targets, and financing transition indicators.
Must also subscribe to NZAOA position papers on coal and O&G, limiting financing of these, and preventing any new exploration or new exploitation of reserves
Sector approach is similar to NZBA with first 5uear period to 2025
PAII is run by?
IIGCC and includes NZIF
LCA is what versus IAMs?
Bottom up versus top down
What did the IPCC provide in its Special Report: Global Warming of 1.5-C
High level indicative conceptual alignment of energy- and land-use-related mitigation pathways and the UN SDGs
What is PRISMA?
Net zero Pathway Research throigh IAM Advancement programme. Aims to:
1. Advance science of AIM towards more societally relevant representation
2. Strengthen empirical basis
3. Make models more policy relevant and trustworthy through active engagement with stakeholders
Can you still use RCP scenarios?
Yes, but these will be out of date. They are coupled with SSP scenarios, but have now been subsumed by them.
Describe IEA modelling
Least cost optimisation through World Energy Model. Takes assumptions on 800 technologies from Energy Technology Perspectives model. In 2021, developed hybrid approach through the Global Energy and Climate model.
IEA SDS achieves what temperature?
2C
What is IRENA’s approach to modelling?
Supports national governments in their energy-economy-environment modelling. Jointly led by German and danish governments. Provide a roadmap to double renewables worldwide by 2030. This roadmap provides 2 scenarios: Transforming Energy Scenario and Planned Energy Scenario
What is PRI IPR?
Inevitable Policy Response. Not an IAM. Thesis is we are in a pre-trigger or risk build up phase. More stringent policies are to come.
IPR FPS is an alternative to NZE, painting a policy picture to achieve 1.5C. 90% of OECD policies align; only 40% of non-OECD
How did the PRI IPS FPS recently innovate?
Produced the FPS + Nature , first integrated climate and nature model for use by investors
What do the EU Climate Benchmarks require of portfolios?
Demonstrate annual 7% emissions reduction on average and over 70% of the time over any decade. Then can be considered 1.5C-aligned. Linear benchmark that punishes deviation for 2 consecutive years or more
Produced by EU TEG
What does NZAOA say on portfolio target setting?
Does not need to be linear. Instead, can triangulate different scenarios by asset class and scenario. This improves risk management vis-a-vis straight line uniform decarbonisation.
