Carbon market is a term that we are hearing ever more frequently. These markets aim to provide the much needed mechanisms, financing and standards to help transition to a greener economy. Originally they were aimed at facilitating emission permits trading but now they encompass a wide variety of innovative solutions including project credits, credits for avoidance and removal of emissions. Carbon markets have evolved over the last few decades and continue to do so with new standards, improved regulation and innovative models to verify emissions reductions. In this pathway, Nicola Steen takes us through the history, rationale behind emissions trading schemes and the birth of voluntary carbon markets.
Watch all the videos and pass the test to obtain a certificate showing your completion of this Pathway. Certificates can be shared directly to your LinkedIn profile and social media accounts.
7 videos • 1 hour 5 minutes
Climate change is arguably the world’s biggest problem, not just for us today, but for future generations too. This is a result of the rising level of greenhouse gases. In this video, Nicola Steen explains the basics of greenhouse gases and then elaborates on the theory and origination of emissions trading as a potential solution.
Nicola Steen • 08:59
Having studied the theory and rationale behind emissions trading schemes, in this video Nicola Steen takes us through the origins of the first pan economy emissions scheme, the UK ETS. She provides history and context around the discussions that took place before the genesis of the UK ETS and also how it eventually merged with the EU ETS before splitting again as UK ETS II post Brexit.
Nicola Steen • 12:46
In this video, Nicola Steen explores the origins and key features of global emissions trading schemes by covering the first UK ETS and then the EU ETS which effectively shut down the original UK ETS. Nicola will also explain the origin of the new UK ETS following Brexit. Finally she will also outline features of the California ETS and China ETS.
Nicola Steen • 07:20
In this video, Nicola discusses how carbon markets help reduce rising emission levels. She has distinguished between mandatory carbon markets and voluntary carbon markets. She further explains the early building of the voluntary carbon market around the world. She further explores the setup of Verra’s Voluntary Carbon Standard (the VCS) and the Gold Standard in parallel to the Government-led UN’s Clean Development Mechanism
Nicola Steen • 13:25
In this video, Nicola outlines some key terms in relation to voluntary carbon markets- Scope One, Scope Two and Scope Three Emissions. This gives light to how we can reduce our carbon emissions using offsets and credit, carried out by the avoidance and removal of emissions. Nicola divulges further about the different types of strategies to avoid and reduce emissions and highlighting their impact on the environment.
Nicola Steen • 07:22