Professional Documents
Culture Documents
Suggestions on Offset
with Insightful Cases
1 Any problem?
2 Will it last?
3 Insightful Investment
4 Project Case
5 Offset Case
1. Any problem? 1/6
Is offset effective?
9
9 Most
Most of
of ETS
ETS consider
consider offset
offset mechanism
mechanism (not
(not only
only EU)
EU)
9
9 RGGI
RGGI // WCI
WCI // CCX
CCX /USFed
/USFed // JVET
JVET // NZ
NZ // Canada,
Canada, Australia
Australia Coming
Coming up
up
On the contrary,
9
9 Criticism
Criticism on
on Additionality
Additionality and
and Arbitrary
Arbitrary Standards
Standards
9
9 Non
Non CO2
CO2 and
and Hydro
Hydro projects
projects
9
9 Slow
Slow process
process and
and geographical
geographical distortion
distortion
2. Will it last? 2/6
¾
¾ New
New ETS
ETS will
will include
include offset
offset
-- Own
Own offset
offset or
or International
International offset
offset not
not matter
matter
¾
¾ Problems
Problems areare mostly
mostly procedural
procedural ones
ones (not
(not generic
generic ones)
ones)
-- Policy
Policy and
and consequent
consequent Market
Market will
will value
value the
the ERs,
ERs, not
not Mechanism
Mechanism
¾
¾ Maybe
Maybe some
some changes,
changes, but
but any
any alternatives
alternatives ??
3. Insightful Investment 3/6
Use of FINEX Off Gas for power generation in Pohang Steel Works
¾ POSCO, 4th largest steel maker(30 MT-steel/yr), had invested $1.5 Bil. in the
innovative steel making process called “Finex” commercialized in 2007
¾ The project activity is to recover waste gas from FINEX process for power
generation displacing electricity from the grid.
¾ 532 KT-CO2/yr↓ expected from Combined Cycle Power Plant of 145.9MW
¾ Construction from June in 2005 to July in 2007 (to be registered in July)
¾ Evolving Criteria
¾ Electricity + CER
4. Project Case (CH4 & Others) 5/6
Catalytic N2O Abatement in the Tail Gas of the Nitric Acid Plant of HWC in Korea
Thank you
ssungwoo@posco.com
OR ssungwoo@chol.com