A collection of haiku from the CMI Emissions Reduction Summit and Marketplace in Melbourne 5-6 May 2014:
Future will depend on our response to megatrends.
In 2030 there will be 5 billion in the middle class.
Sustainable Development Goals will start from 2016.
Greatest challenge is to meet energy needs in safe way.
If we are unwilling to act we will face serious consequences.
We will use innovation with incentives to transform our economy.
Around 1900 our cities were clogged by horse waste.
We are keeping the CFI.
We are keeping the Clean Energy Regulator.
We are keeping NGERs.
If you are blind to the needs of the users, you will get things wrong.
Additionality is not a psychological test.
Renewables now cheapest build for new energy.
Australia could be first to remove a carbon price in the world.
The installation of renewables will be 10 times fossil fuels by 2030.
China has declared war on pollution.
Fuel switching can bring large savings.
A new method could save emissions by working from home.
An ETS is the intellectually dominant model but puts a drag on the economy.
We need to speed up methods and make them broader.
We need to borrow methods from other schemes.
In the past we managed environmental risks; now we are managing financial risks.
There are 176 accredited auditors.
There have been 520 audits.
Once you proceed to auction, it’s price only.
Abatement can never be predicted accurately.
There are more than 500 climate laws across the globe.
The trajectory is clear to cleaner pathways of trade.
Carbon is being priced through the value chain.
Of Australia’s top 10 trading partners, 7 employ market based approaches.
Carbon is used as a vector for a number of social benefits.
The larger the market, the more you can spread out the risks.
CDM credits used to cost $20-30 but now cost $0.20-0.30.
If we bought CDM credits, it would cost $200-300m to reach the 5% target by 2020.
Low hanging land clearing credits are gone.
Carbon is the greatest market failure.
Government’s job is to correct the market failure.
The IEA says two most important reduction strategies are renewables and energy efficiency.
If the Clean Energy Finance Corporation funded the $15 billion of proposed projects it would return $200m to the budget.
Most CEFC projects are in regional towns.
We are on the cusp where the RET saves customers money.
I have proved you can make money out of climate change.
55% of investment funds are in carbon exposed industries; 2% are in low carbon investments.
Indigenous landholders control about 22% of Australia.
We are producing a commodity called carbon from our land in an agribusiness.
Government needs to support industry or get out of the way.
If we work together the market will do better than if we cut each other’s throats.
The voluntary market is only functioning carbon market.
Companies are offsetting for staff retention.
8% of Qantas customers offset their flights.
Taylor’s Wines won access in Scandinavia because their product is carbon neutral.
Valued co-benefits are sometimes many times the value of the credits.
Keep your day jobs.
Biggest obstacle is lack of broad political consensus.
We are presently taking the long way around.
Pollution in Chinese cities is so bad that you can take out a fork and stick it into it.
If customers had the option of ticking an offsets box or a Gold Standard box what would the outcome be?
Some countries are taking easy regulatory path.
Then business starts to demand the flexibility that carbon markets provide.
Large companies starting to thrive on low carbon.
But not in Australia.
In Germany people are hot on carbon markets