Well-designed, administered and utilized emissions trading systems cap and cut climate pollution, harness the power of market forces to drive pollution down, spur investment into innovative technologies and contribute to economic growth.
The nature and magnitude of these benefits is a function of program design, administration, and the aptitude of those who administer and are subject to the ETS. That's where EDF's carbon market simulation tool – CarbonSim – comes in.
CarbonSim is an artificial intelligence-enhanced, multi-lingual, multi-user, software application that teaches the principles of emissions trading and brings markets to life. ETS program administrators benefit because it demonstrates that program results are driven by design choices made by policymakers. Industries benefit because it demystifies how to develop and implement a carbon portfolio management strategy.
ETS by choice, results by design
CarbonSim provides ETS policymakers, regulated companies, NGOs, and the public – with means to train key staff, gain risk-free experience and collaborate with each other to maximize program benefits. Through experiential and collaborative play, stakeholders come to understand the power and limits of environmental markets and, in the process, become more effective advocates. CarbonSim exercises have been run around the world including in cities throughout China and Mexico, as well as Bangkok, Barcelona, Pyeongchang, Santiago, Seoul, Boston, Durham, New Haven, New York, San Francisco, Santa Barbara and Washington DC.
"CarbonSim is a fabulous tool that teaches the principles of emissions trading, demystifies how to develop and implement a carbon portfolio management strategy and demonstrates that results are driven by design," says Dan J. Dudek, EDF Vice President, Asia.
CarbonSim has been road tested by more than 3,000 ETS stakeholders from 25 countries, representing companies with more than 3.5 billion metric tons of greenhouse gas emissions. If you have questions about CarbonSim or would like to have a session run at your company or organization, please fill out this form.