This report comprises case studies with three companies: Royal Dutch Shell, Rio Tinto, and Pacific Gas and Electric (PG&E), capturing their experiences and lessons learned preparing for and operating under policies that price carbon emissions. These companies operate in one or several jurisdictions where emissions trading has been implemented and therefore provide useful insights for other companies facing similar circumstances. The lessons learned can also serve as a valuable resource for policy makers designing new systems to reduce emissions. These case studies illustrate the benefits of incorporating climate change policies into corporate strategies; analyzing risks and opportunities in an environment of new public policies; and engaging effectively with relevant stakeholders, including governments. These case studies also show how carbon assets are traded and what systems are being constructed to monitor, report, and verify company level GHG emissions. While these case studies are primarily meant to guide private companies facing carbon pricing regulation, they also provide lessons for policy makers.
Details
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Author
Peace, Janet, Juliani, Tim, Mansell, Anthony, Ye, Jason, Guigon,Pierre, Moyer,Sarah Belle Underwood
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Document Date
2015/01/28
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Document Type
Working Paper (Numbered Series)
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Report Number
93944
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Volume No
1
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Total Volume(s)
1
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Country
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Region
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Disclosure Date
2015/01/28
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Disclosure Status
Disclosed
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Doc Name
Preparing for carbon pricing : case studies from company experience - Royal Dutch Shell, Rio Tinto, and Pacific Gas and Electric Company
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Keywords
united nations framework convention on climate change;intergovernmental panel on climate change;oil and gas company;carbon trading regime;Partnership for Market Readiness;tradable emission permit system;carbon capture and storage;oil and gas industry;carbon pricing;international standards organization;Climate Change Policy;total ghg emissions;cost of compliance;cost of carbon;Oil & Gas;unit of output;emission reduction technology;fossil fuel use;primarily due;abatement cost curve;certified emission reduction;impact of policy;direct greenhouse gas;purchase of electricity;transportation of product;privileges and immunity;impact of climate;issues management;flow of carbon;global carbon market;emission intensity target;cabinet of minister;emission trading system;climate change program;social and environmental;international energy agency;information on climate;emission reduction program;climate change strategy;fossil fuel source;international trading program;distillate fuel oil;civil society group;combustion of fuel;non-governmental organization;carbon cost;carbon regulation;iron ore;
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Citation
Peace, Janet Juliani, Tim Mansell, Anthony Ye, Jason Guigon,Pierre Moyer,Sarah Belle Underwood
Preparing for carbon pricing : case studies from company experience - Royal Dutch Shell, Rio Tinto, and Pacific Gas and Electric Company (English). Partnership for Market Readiness technical papers,no 9 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/392401468127153795/Preparing-for-carbon-pricing-case-studies-from-company-experience-Royal-Dutch-Shell-Rio-Tinto-and-Pacific-Gas-and-Electric-Company