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Ricardo Energy & Environment joins international consortium to help Chile develop an Emissions Trading System

Ricardo Energy & Environment joined a global consortium of experts in climate change policy commissioned by the World Bank to make recommendations on how to implement a greenhouse gas Emissions Trading System (ETS) in Chile.

Researchers from New Zealand, Chile, USA and the UK worked together to draft a proposal for the implementation of an ETS which would inform future decision making in Chile. The consortium was led by Motu, a New Zealand based public policy research institute. 

Ricardo Energy & Environment led the research and writing on a core part of the project which advised the Chilean government on which sectors and greenhouse gases to regulate, as well as looking at options for who should be responsible for compliance with reporting emissions and other obligations.  Other parts of the report covered how to determine the level of ambition, linking to other carbon markets, the potential use of domestic and international offsets and options for the phased introduction of an ETS. 

The findings from the project were compiled into a report and presented to the World Bank. The report is the first step in illustrating how the Chilean government could implement an ETS. It was produced for the World Bank as part of Partnership for Market Readiness (PMR), a forum which encourages capacity building and progressive climate change policies by piloting new mechanisms and then sharing the results from these pilots with the international community.

To read the report please click here.

 

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Leading environmental consultancy Ricardo Energy & Environment has grown by around 20 percent in Scotland over the past year.
Ricardo Energy & Environment is currently working on a number of projects in Scotland across resource efficiency, carbon management, renewables and air quality. A major area of focus at present is supporting the Scottish Government and Zero Waste Scotland in moving Scotland towards a zero waste economy and in particular providing support to SMEs to realise the substantial economic benefits available through resource efficiency.
Leadership by the Scottish government in important policy areas such as resource efficiency and the development of the Low Carbon Economic Strategy intends to increase the value of the low carbon goods and services sector to more than 10 percent of the Scottish economy by 2015, creating 60,000 green jobs. The Low Carbon Economic Strategy also aims to encourage Scottish companies to exploit commercial opportunities.
Jamie Pitcairn, director of Ricardo Energy & Environment in Scotland said: “The growth of Ricardo Energy & Environment in Scotland is a direct result of the country’s ambitious targets, supported by the policies and practical leadership of the Scottish government. We look forward to supporting both government agencies and the private sector in realizing the potential for a low carbon Scot