Responding to the Global Challenges of Climate ChangeRATIONALE
The emerging scientific consensus that greenhouse gas (GHG) emissions are affecting global climate patterns requires organizations active in responsible resource management to develop ways to reduce and eventually reverse growth of atmospheric concentrations of greenhouse gases. Many companies concerned about future impacts of international and national actions to reduce greenhouse gas emissions require better data and understanding of corporate carbon assets, liabilities, and market opportunities.
Use sound science and economics in our work between private sector, economic development, government, and environmental interests to help mobilize the required commitment of public and private capital to respond to the global challenges of climate change.
Winrock has organized the proposed activities of the EPRI Collaborative Carbon Initiative into five modules to be guided by an Advisory Panel drawn from participating companies. The five modules are: (1) Develop and implement measurement and monitoring plans, including establishment of baselines, for carbon projects currently being implemented or planned by participating companies; (2) Develop a national classification system for carbon storage opportunities in the United States, and build a database for one region that draws on information available from existing sources, including incorporation of information from Module 1; (3) Develop an interface that participating companies can use to access data for internal uses; (4) Incorporate data from other regions to complete a national database; (5) Expand database to incorporate clean energy and energy efficiency options.
The primary accomplishment will be to increase confidence among potential corporate investors, governments, and environmental organizations that carbon storage projects offer legitimate and effective options for reducing global greenhouse gas emissions. This accomplishment will lead to increased investment in carbon storage projects by participants that can be used as an intermediate indicator of success.