from CCAP Newsletter
On March 18, 2009, Alexander Ochs, CCAP’s director of international policy, discussed “Views on Carbon Offsetting in the United States” at Point Carbon’s Carbon Market Insights Conference in Copenhagen, Denmark.“International offsets like the Clean Development Mechanism (CDM) and domestic offsets will likely play an important role in any future U.S. cap and trade program,” Ochs told delegates from around the world. “However, it is important to understand that offsets are only one mechanism that U.S. lawmakers are currently considering in their effort to contain the cost of a federal carbon market. There is also a certain contradiction in the debate between lowering the cost of mitigating emissions on the one hand, and not wanting to send money oversees to make our competitors’ economies more efficient.”Ochs agreed with co-panelist Peter Zapfel from the European Commission that the CDM alone is not sufficient for reducing rapidly growing greenhouse gas emissions in the developing world. “Major emitters like the developing countries China and Mexico must contribute more to the solution than simply offsetting reduction commitments made elsewhere — and they are willing to do so,” Ochs said. “Sectoral commitments for energy-intense industries are the next important step on the staircase to a full integration of these countries into the global carbon market.”
You can find my presentation here: ochs-futureofoffsetsinus_carbonmarketinsights2009.pdf