Collaborative Opportunities Presented by : Jim Heath and Subodh Das First Climate Group & Phinix, LLC Presented to : Aleris Lewisport, Kentucky September 2, 2009 August 31, 2009 Corporate Profile Name, First Climate Group
Agenda • Overview and History of the Carbon Market • About First Climate ( www. firstclimate. com) § Business Lines and Services • About Phinix , LLC ( www. phinix. net ) § Technology and Consulting : Products & Services § Partnership with First Climate • The Impact of Climate Policies on Aleris §Project opportunities with Aleris • Possible Next Steps © First Climate | 17 March 2018 Name - Position 2
Carbon 101 – The Advent of the Carbon Market 1992 • – – Ratification of the United Nations Framework Convention on Climate Change OECD Countries agree to reduce emissions to 1990 levels by 2000 Non-binding commitments; the treaty has no teeth 1997 • – Negotiation of the Kyoto Protocol, a legally binding treaty Byrd-Hagel Resolution in the Senate rejects binding targets 97 -0; a political warning shot 2004 • Russia ratifies the Kyoto Protocol, making the protocol binding for signatories 2005 • Phase I of the European Union Emissions Trading Scheme (EU-ETS) begins 2006 • California passes “Global Warming Solutions Act” (AB 32), first state to do so 2008 • Phase II of the EU-ETS begins; Kyoto compliance period begins 2012 • Waxman-Markey projected to take effect
What’s cooking in the U. S. ? • AB 32 – California law requiring reduction of emissions to 1990 levels by 2020 • Regional Greenhouse Gas Initiative (RGGI) – Northeastern trading market for power plants; reduce emissions 10% by 2020 • Western Climate Initiative (WCI) – Voluntary initiative among western states and Canadian provinces • Waxman-Markey – Legislation passed the U. S. House of Representatives in June – 17% reduction in GHG emissions from 2005 levels by 2020
PHINIX, LLC § Headquartered in Lexington , Kentucky §Partnership with First Climate §Products & Services Offered: • Carbon & Energy Assessment and Management • Manufacturing Processes & Products • Recycling © First Climate | 17 March 2018 Name - Position 55
A Leading Carbon Asset Management Company Facts and Figures § Assets under management (2008): EUR 250 million § Turnover: EUR 12 million (2007), EUR 30 million (expected in 2008) § Projects under contract in the CDM, JI and VER pipeline: ~ 30 million tons § Sales in the voluntary market to date: 3. 5 million VERs § offices on 5 continents § 110+ employees § Member of the International Emissions Trading Association (IETA), the International Carbon Reduction and Offset Alliance (ICROA), the Carbon Markets and Investors Association (CMIA), and founding member of the Project Developers Forum © First Climate | 17 March 2018 Name - Position 6
First Climate's Core Competencies Integrated Carbon Asset Management Carbon Investment Advisory © First Climate | 17 March 2018 Name - Position Sales & Trading Carbon Asset Development Project Finance Climate Neutral Services 7
Carbon Asset Development Project Finance Carbon Investment Advisory Sales & Trading Climate Neutral Services Generating high-quality carbon credits through climate protection projects § Identify viable emission reduction projects around the globe § Assess feasibility, risk, and eligibility for CDM, JI, and VER projects § Secure funding for projects and related transaction costs § PIN, PDD, and methodology development § Assist project owners with validation, verification, CDM registration, and certification under voluntary market standards § Support implementation and monitoring of emission reduction projects § Market primary and secondary CERs, VERs, and ERUs © First Climate | 17 March 2018 Name - Position 8
Emission Reductions through various technologies hydro methane avoidance wind landfill flaring solar geothermal biomass forestry biogas transport energy efficiency waste to energy I fossil fuel switch waste to energy II © First Climate | 17 March 2018 Name - Position 9
Project Finance Carbon Asset Development Project Finance Carbon Investment Advisory Sales & Trading Climate Neutral Services Financing emission reduction projects § Identify and assess attractive investment opportunities § Develop optimal financing solutions for emission reduction projects § Conduct project due diligence § Equity and debt financing, either through dedicated funds or partner institutions © First Climate | 17 March 2018 Name - Position 10
The Principle of Climate Neutrality © First Climate | 17 March 2018 Name - Position 11
Climate Neutral Services Calculate your Emissions Develop an Effective, Tailor-Made Carbon Management Strategy Reduce the Avoidable Emissions and Cut Costs Offset the Unavoidable Emissions with High Quality Carbon Credits Communicate your Engagement to the Stakeholders that Matter Most
Climate Neutrality: Voluntary Emissions Reductions Calculating your footprint Source: WBCSD/WRI
Building an Offset Purchasing Strategy Things to Consider: 1) What emissions will the offsets cover? 2) What is your budget and who will pay? 3) Can this purchase help you anticipate or comply with current or upcoming regulation? 4) How will you communicate this purchase (internally and externally) 5) Consider the importance of Location Technology Co-Benefits
What is a Voluntary Carbon Credit? • Represents an environmental attribute: In this case, one metric ton of carbon dioxide equivalent (t. CO 2 e), monetized in the form of a Verified Emission Reduction (VER). • Wide-variety of project activities produce carbon credits, including Renewable Energy, but beware of double counting… • Carbon-Credit Creation Cycle: Project Document Valid atio (DOE n ) Initial Assessment Registration (Authorizing body) Implementation & Monitoring (PP) Verification (DOE) (In the case of VCS) V E R S
Overview: US Offset Supply by Technology Type (2007) Headline Main Text § 1. Listing Level 1 2. Listing Level 2 3. Listing Level 3 © First Climate | 17 March 2018 Name - Position 16
How Can We Work Together Assess Aleris‘s Carbon Foot Print Develop Strategies to Make Aleris Carbon Neutral Selling Credits Develop any new projects (Fuel Switching? ) Participate in any existing projects Buying Credits Local / In Kentucky / In the US / Globally Public Awareness / Information Dissemination / Workshops /Speakers © First Climate | 17 March 2018 Name - Position 17
CONTACT INFORMATION Dr. Subodh K. Das , FASM CEO & Founder Phinix , LLC P. O. Box 11668 , Lexington , Kentucky 40577 -1668 + 1. 859. 619. 8386 www. phinix. net subodhkdas@gmail. com skdas@phinix. net James Heath Vice-President, Origination First Climate LLC Tel. +1 (415) 433. 1633 x 105 Cell +1 (415) 341. 7570 E-Mail: james. heath@firstclimate. com 333 Pine Street, 3 rd Floor , San Francisco, CA 94104 www. firstclimate. com © First Climate | 17 March 2018 Name - Position 18
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