Economic modeling to identify emissions reduction opportunities at carbon energy business during fossil energy lead time - Aligning the value chain of CDM JI on long term emissions trading and carbon energy management in the Asian context

摘要

Since the 1990s, financial market analysts on Global Energy Market Trends have focusedstrongly on evolving Energy Business Score Cards for benchmarking and valuation ofpetroleum systems, most critically on carbon emissions, its trading, and management ofcarbon energy in mid century term in a derived framework of energy lead time. It is fortunatethat still growing abundance of economically recoverable natural gas and petroleum liquidsgive us several decades of lead time to decide on most cost effectively means andtechnologies, to stay within a cumulative anthropogenic carbon emission limit of 1,000gigatonnes between 1991 and 2100.The paper derives cost effective Asian Emissions Trading Scheme through a dynamicallystimulated emissions trading model to deduce effects of current emissions regulations andtrading policies incorporating fossil fuel production and consumptions in energy lead timeframework for 2012, when Kyoto targets need to be met. Estimates of marginal abatementcosts for reducing carbon emissions lead to derive policy and procedural approaches inidentifying emissions' reduction opportunities and its impact on CDM and joint implementationat hydrocarbon E&P industry.The paper is emphatically focused to analyze effects of different climate policy initiativesamong Asian nations, and its contributions to Asian emissions trading scheme. Statisticalmodeling used in analysis predicts that CDM and JI projects help in reducing cost of meetingKyoto targets.The paper empirically derives best strategy to reduce cost of carbon credits in Asian energyand climate strategies by including more sectors and other greenhouse gases, to allow for anunrestricted use of CDM and JI across carbon energy business. Despite limited available datain the Asian context, the paper concludes by identifying significant opportunities of emissionsreductions, at carbon energy business, aligning to formulate economic reforms and legaldirectives for CDM & Joint Implementation under United Nations Framework Convention onClimate Change.