Carbon Emissions and Markets Jargon Buster

Carbon Emissions and Markets Jargon Buster

Nicola Steen

30 years: Emissions Trading Schemes

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.

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.

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Carbon Emissions and Markets Jargon Buster

7 mins 22 secs

Overview

Carbon markets have shown themselves to be a really successful way for private, governmental and non-governmental organisations and individuals to move money to emission-reducing projects. There is a need for more reductions and for removals - and for the pace of change to increase. We need new trajectories of economic activities resulting in both the avoidance of emissions and the removal of them. We also need basic technological and behavioural changes and we need the design and application of new solutions.

Key learning objectives:

  • Understand the Scope One, Scope Two, and Scope Three emissions

  • Outline the two main types of offsets

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Summary
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Expert
Nicola Steen

Nicola Steen

Nicola Steen has been working on using market mechanisms to reduce levels of greenhouse gas emissions since 1989. She helped instigate the pan-industry and government discussions that led to the UK Emissions Trading Group and the first pan-economy emissions trading scheme in the world. Most recently, she is working again on the voluntary carbon markets, seeing new capital and attention moving towards bolstering sustainable solutions.

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