Collaborative Opportunities
Presented by : Jim Heath and Subodh Das
First Climate Group & Phinix,LLC
Presented to :
Aleris
Lewisport, Kentucky
September 2, 2009
August
2009
Corporate 31,
Profile
Name, First Climate Group
Agenda
•Overview and History of the Carbon Market
•About First Climate ( www.firstclimate.com)
 Business Lines and Services
•About Phinix , LLC ( www.phinix.net )
 Technology and Consulting : Products & Services
 Partnership with First Climate
•The Impact of Climate Policies on Aleris
Project opportunities with Aleris
•Possible Next Steps
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Carbon 101 – The Advent of the Carbon Market
1992
•


Ratification of the United Nations Framework Convention on Climate Change
OECD Countries agree to reduce emissions to 1990 levels by 2000
Non-binding commitments; the treaty has no teeth
1997
•

Negotiation of the Kyoto Protocol, a legally binding treaty
Byrd-Hagel Resolution in the Senate rejects binding targets 97-0; a political warning shot
2004
•
Russia ratifies the Kyoto Protocol, making the protocol binding for signatories
2005
•
Phase I of the European Union Emissions Trading Scheme (EU-ETS) begins
2006
•
California passes “Global Warming Solutions Act” (AB32), first state to do so
2008
•
Phase II of the EU-ETS begins; Kyoto compliance period begins
2012
•
Waxman-Markey projected to take effect
What’s cooking in the U.S.?
• AB 32
 California law requiring reduction of emissions to 1990 levels by 2020
• Regional Greenhouse Gas Initiative (RGGI)
 Northeastern trading market for power plants; reduce emissions 10% by
2020
• Western Climate Initiative (WCI)
 Voluntary initiative among western states and Canadian provinces
• Waxman-Markey
 Legislation passed the U.S. House of Representatives in June
 17% reduction in GHG emissions from 2005 levels by 2020
PHINIX, LLC
 Headquartered in Lexington , Kentucky
Partnership with First Climate
Products & Services Offered:
•Carbon & Energy Assessment and Management
•Manufacturing Processes & Products
•Recycling
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A Leading Carbon Asset Management Company
Facts and Figures
 Assets under management (2008): EUR 250 million
 Turnover: EUR 12 million (2007), EUR 30 million (expected in 2008)
 Projects under contract in the CDM, JI and VER pipeline: ~ 30 million tons
 Sales in the voluntary market to date: 3.5 million VERs
 offices on 5 continents
 110+ employees
 Member of the International Emissions Trading Association (IETA), the
International Carbon Reduction and Offset Alliance (ICROA), the Carbon
Markets and Investors Association (CMIA), and founding member of the
Project Developers Forum
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First Climate's Core Competencies
Integrated Carbon Asset Management
Carbon
Investment
Advisory
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Sales &
Trading
Carbon
Asset
Development
Project
Finance
Climate
Neutral
Services
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Carbon Asset Development
Carbon Asset
Development
Project Finance
Carbon
Investment
Advisory
Sales & Trading
Climate Neutral
Services
Generating high-quality carbon credits through climate protection projects
 Identify viable emission reduction projects around the globe
 Assess feasibility, risk, and eligibility for CDM, JI, and VER projects
 Secure funding for projects and related transaction costs
 PIN, PDD, and methodology development
 Assist project owners with validation, verification, CDM registration, and
certification under voluntary market standards
 Support implementation and monitoring of emission reduction projects
 Market primary and secondary CERs, VERs, and ERUs
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Emission Reductions through various technologies
hydro
methane
avoidance
wind
landfill
flaring
solar
geothermal
biomass
forestry
biogas
transport
energy
efficiency
waste to
energy I
fossil fuel
switch
waste to
energy II
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Project Finance
Carbon Asset
Development
Project Finance
Carbon
Investment
Advisory
Sales & Trading
Climate Neutral
Services
Financing emission reduction projects
 Identify and assess attractive investment opportunities
 Develop optimal financing solutions for emission reduction projects
 Conduct project due diligence
 Equity and debt financing, either through dedicated funds or partner
institutions
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The Principle of Climate Neutrality
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Climate Neutral Services
Calculate your Emissions
Develop an Effective, Tailor-Made Carbon Management Strategy
Reduce the Avoidable Emissions and Cut Costs
Offset
the Unavoidable Emissions with High Quality Carbon Credits
Communicate your Engagement to the Stakeholders that Matter Most
Climate Neutrality: Voluntary Emissions Reductions
Calculating your footprint
Source: WBCSD/WRI
Building an Offset Purchasing Strategy
Things to Consider:
1) What emissions will the offsets cover?
2) What is your budget and who will pay?
3) Can this purchase help you anticipate or
comply with current or upcoming
regulation?
4) How will you communicate this purchase
(internally and externally)
5) Consider the importance of

Location

Technology

Co-Benefits
What is a Voluntary Carbon Credit?
• Represents an environmental attribute: In this case, one metric
ton of carbon dioxide equivalent (tCO2e), monetized in the form
of a Verified Emission Reduction (VER).
• Wide-variety of project activities produce carbon credits,
including Renewable Energy, but beware of double counting…
• Carbon-Credit Creation Cycle:
Initial
Assessment
Project
Document
Registration
(Authorizing
body)
Implementation
& Monitoring
(PP)
Verification
(DOE)
(In the case of VCS)
V
E
R
S
Overview: US Offset Supply by Technology Type (2007)
Headline
Main Text
 1. Listing Level 1
 2. Listing Level 2
 3. Listing Level 3
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How Can We Work Together
Assess Aleris‘s Carbon Foot Print
Develop Strategies to Make Aleris Carbon Neutral
Selling Credits
Develop any new projects (Fuel Switching?)
Participate in any existing projects
Buying Credits
Local / In Kentucky / In the US / Globally
Public Awareness / Information Dissemination / Workshops /Speakers
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CONTACT INFORMATION
Dr. Subodh K . Das , FASM
CEO & Founder
Phinix , LLC
P.O. Box 11668 , Lexington , Kentucky 40577-1668
+ 1.859.619.8386
www.phinix.net
subodhkdas@gmail.com
skdas@phinix.net
James Heath
Vice-President, Origination
First Climate LLC
Tel. +1 (415) 433.1633 x105
Cell +1 (415) 341.7570
E-Mail: james.heath@firstclimate.com
333 Pine Street, 3rd Floor , San Francisco, CA 94104
www.firstclimate.com
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