The Carbon Market: A Primer for Airports (2011) / Chapter Skim
Currently Skimming:
Pages 5-13
The Chapter Skim interface presents what we've algorithmically identified as the most significant single chunk of text within every page in the chapter.
Select key terms on the right to highlight them within pages of the chapter.
From page 5... ...
. This is placing significant pressure on governments, businesses, and individuals to reduce GHG emissions.
|
From page 6... ...
• Airport sponsors may be eligible to "earn" offset credits by reducing GHG emissions. GHGs are gases that collect in the atmosphere, absorbing and re-emitting solar radiation through a process commonly referred to as the greenhouse gas effect.
|
From page 7... ...
Wastewater management Electricity consumption Primarily CO2 Trace volumes of CH4 and N2O Purchased electricity from coal, natural gas and/or petroleum products Onsite electric production from coal, natural gas and/or petroleum products Source: Kim, Brian. Guidebook on Preparing Airport Greenhouse Gas (GHG)
|
From page 8... ...
Under a cap-and-trade system, a mandatory limit on GHG emissions is set by a governing body. Regulated entities within that system must surrender allowances equivalent to the amount that they emit and are permitted to find least cost ways to meet the limit.
|
From page 9... ...
Unlike allowances, offset credits can also have monetary value outside of regulatory or compliance cap-and-trade systems as created by non-regulated carbon markets, called the voluntary market. In the voluntary market, there are companies, governments, and individuals that may wish to purchase and retire offset credits in order to "offset" or reduce a particular GHG emitting activity attributed to them.
|
From page 10... ...
Very few airport sponsors have capitalized further by seeking potential revenue streams from facilitating offset projects at airport facilities. There are multiple reasons for this, including the following: • Many of the activities and investments that airports engage in that reduce carbon emissions, such as improving energy efficiency, are not typically the type for which salable offset credits will be created.
|
From page 11... ...
REC generation, carbon reductions through renewable energy generation and clean waste removal. RECs, possibly offset credits Philadelphia International Airport Electric Ground Service Equipment Electric baggage tractors and electric belt loaders replace their traditionally fueled counterparts.
|
From page 12... ...
This checklist should be reviewed in detail, as a starting point for all airport sponsors considering solar at their airport. Case studies of operating airport solar facilities are provided within the guidance document, including Denver International Airport, Fresno Yosemite International Airport, and Albuquerque International Sunport.
|
From page 13... ...
purview and in some cases operating budgets. Capital expenditures such as renewable energy projects and offset-eligible projects are unlikely to be excluded from airline MII purview; therefore the airport may be obligated to seek airline permission to undertake them.
|
Key Terms
This material may be derived from roughly machine-read images, and so is provided only to facilitate research.
More
information on Chapter Skim is available.