PALcarbon - common sense pricing for a low carbon world

PALcarbon

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Pricing tomorrow's cost of carbon today


PALcarbon dashboard

Copyright © 2015-2017 Predict Ability Limited
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PALcarbon

About Loss Indices

PAL Carbon Spot index tracks the current global financial loss & damage arising from carbon emissions.

PAL 3M/6M Future indices track the expected loss & damage in three/six months from today.

PAL One Year Carbon index tracks the long-term global financial loss & damage arising from carbon emissions.

Find out more about Carbon Loss Indices.

About Instruments

A market is a grouping of related carbon instruments, usually for a given country, region or sector.

Instruments are named <region> <sector> <fuel type>, for example GB EG Coal.

Region is usually the country two letter ISO code.

Sector codes are as follows -

About Prices

A dollar price (cost) is listed for each instrument, as is a green/red percentage increase/decrease in price over the last 24 hours.

Tap on an instrument to reveal the open, high, low and close price. Current energy output, carbon emissions and carbon intensity are shown also.

Prices are updated intraday in conjunction with availability of latest global temperature anomaly (TA) data.

About Charts

Tap on the chart button to reveal a chart showing price movements for the last 24 hours.

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About PALcarbon

PALcarbon

Pricing tomorrow's cost of carbon today

Our team has developed a unique carbon pricing system that is future-proofed and science-based. We take into account the real cost of damage that emissions are causing our planet, transforming the way carbon prices are set for now and for the future.

How it works

Today, the vast majority of carbon prices impose a fixed target, based on a ‘cap and trade’ formula. Our system uses a scientifically-determined algorithm to calculate carbon prices in real-time across more than 140 countries. Rather than issuing a fixed price, our mechanism sets an individual and dynamic carbon rating for each emitter, which is directly proportionate to the damage that they cause. To put this into context, even renewables have an associated carbon rating, as the manufacturing of clean technologies often uses electricity from fossil-fuel power stations. This process is called carbon intensity weighting.

Why it matters

To avoid the worst effects of climate change the world needs to rapidly shift from fossil fuels to renewable energy. Without a global price on carbon there can be no sustainable solution to the impacts of climate change. It’s the one key factor that virtually all leading environmentalists, international bankers, scientific experts and policy makers worldwide agree is both vital and increasingly urgent. Those who have called for a global, coordinated carbon price include Christiana Figueres (UN), Christine Lagarde (IMF), Jim Kim (WB), Mark Carney (Bank of England), Ségolène Royal (Ministre l’Environment, France), and energy giants (OGCI).

What it does

Who it’s for

Our carbon pricing system helps you to ascertain your present and future carbon costs and identify potential savings. We use big data streaming and analysis, and work with you to carry out carbon audits – creating your own, bespoke in-house carbon pricing scheme that is in line with the science.



Visit our website to find out more about PALcarbon at predictability.ltd.uk
PAL
Copyright © 2015-2017 Predict Ability Limited
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Maps & Charts

About Maps

The Carbon Intensity map shows carbon intensity values for specific countries. Carbon Intensity is a measure of the average amount of CO2 emitted for each MWh of energy produced.

Countries using a high proportion of fuel types with a high CO2 intensity such as coal, will have a higher overall carbon intensity value.

The Emission Rates map shows the total amount of CO2 emitted per year for specific countries.

About Charts

The Carbon Emissions charts show the proportion of CO2 emitted arising from fuel consumption. Charts are by sector, country and fuel type.

The Fuel Usage charts show the proportion of fuel consumption by sector, country and fuel type. Fuel usage is measured in ktoe/y (thousand tons of oil equivalent per year).

The Energy Usage charts show the proportion of electricity and heat consumed by sector, country and fuel type. Energy usage is measured in GW (gigawatt).

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PALcarbon

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Select Region

About Markets

A market is a grouping of related carbon instruments, usually for a given country, region or sector.

Markets are grouped into views, usually by sector, for example electricity generation.

Markets may be sorted alphabetically, or in decreasing order of carbon intensity.

Carbon Intensity provides a comparative per country emission rate based fuel type usage. It is expressed in terms of tonnes of CO2 emitted per megawatt hour of energy consumed (tCO2/MWh).

For example the larger the proportion of dirty fuel types used, such as coal, the higher the carbon intensity. Conversely the larger the proportion of clean fuel types used, such as solar, the lower the carbon intensity.

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Select Sector

About Sectors

Carbon emissions are grouped into sectors, each aligned to energy supply, transformation and consumption sectors as follows:

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Emission Factors

About Fuels

Each fuel has a specific carbon intensity. Carbon intensity is the amount of CO2 emitted per unit of energy generated during combustion. Emission factor is the quantity of emissions released during a particular activity such as combustion.

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Emissions Map

About Maps

The Carbon Intensity map shows carbon intensity values for specific countries. Carbon Intensity is a measure of the average amount of CO2 emitted for each MWh of energy produced.

Countries using a high proportion of fuel types with a high CO2 intensity such as coal, will have a higher overall carbon intensity value.

The Emission Rates map shows the total amount of CO2 emitted per year for specific countries.

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Chart

About Charts

The Carbon Emissions charts show the proportion of CO2 emitted arising from fuel consumption. Charts are by sector, country and fuel type.

The Fuel Usage charts show the proportion of fuel consumption by sector, country and fuel type. Fuel usage is measured in ktoe/y (thousand tons of oil equivalent per year).

The Energy Usage charts show the proportion of electricity and heat consumed by sector, country and fuel type. Energy usage is measured in GW (gigawatt).

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Price History Chart

About Price History

The Price History charts show historical prices per fuel type for a given country.

Trends in the carbon prices of different fuel and/or energy types are modulated by variations in the PAL carbon price derived from PAL Gamma and PAL's NOAA-based real time temperature anomaly.

For the energy-only trends, the prices are further influenced by ever-changing mixture of power sources (gas, nuclear, wind etc.) feeding the grid. The intra-day movement is driven by the weighted average ‘carbon intensity’ of the grid, typically 450 grams CO2/kWh.

At night, when nuclear power makes meets a greater proportion of the load, the carbon intensity falls and the carbon prices go up proportionately. This ensures that the (hypothetical) revenue needed to pay for CO2-induced loss and damage is still forthcoming.

Compare the charts of the UK (a carbon intense grid) with France (a low carbon grid).

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Emissions Chart

About Emissions History

The Emissions History charts show historical emissions per fuel type for a given country in tonnes of CO2 per day.

Compare the charts of the UK (a carbon intense grid) with France (a low carbon grid).

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Energy Output

About Energy Output

The Energy Output charts show electricity generation per fuel type for a given country in megawatts.

Compare the charts of the UK (a carbon intense grid) with France (a low carbon grid).

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Temperature Anomaly Chart

About Temperature Anomaly

A temperature anomaly is the difference between the current temperature and the long term average.

PAL's temperature anomaly is calculated intraday using a 1980-2015 baseline. A simple moving average is then applied to smooth the temperature anomaly.

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Loss & Damage Chart

About Loss & Damage

The Loss & Damage charts show global losses that are attributable to manmade climate change and demonstrate how the rates of loss change over time. Loss rates are expressed in terms of US$ billions per year.

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Terms

Disclaimer of warranties and limitation of liability

THIS SITE IS PROVIDED BY PREDICT ABILITY LIMITED (PAL) ON AN "AS IS" AND "AS AVAILABLE" BASIS. PAL MAKES NO REPRESENTATIONS OR WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, AS TO THE OPERATION OF THIS SITE, OR THE INFORMATION, CONTENT OR MATERIALS INCLUDED ON THIS SITE. YOU EXPRESSLY AGREE THAT YOUR USE OF THIS SITE IS AT YOUR SOLE RISK.

Acknowledgements

Electricity data courtesy of BM Reports and RTE France
Energy charts based on IEA Headline Global Energy Data © IEA 2015; modified by PAL. License.

Find Out More

Visit our website to find out more about PALcarbon at predictability.ltd.uk
PAL


Copyright © 2015-2017 Predict Ability Limited

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PAL Balance Sheet

About Balance Sheet

The PAL Carbon Balance Sheet shows total losses attributable to climate change (DR), PAL Carbon revenue (CR), and the balance (DR+CR).

Losses are calculated using the PAL engines ability to fingerprint the proportion of loss events that are attributable to climate change.

Revenue is the carbon price multiplied by annual carbon emissions.

The balance should net to zero, however there may be notional differences due to rounding.

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Key Carbon Metrics

About Carbon Metrics

The Carbon Metrics page shows key emission, loss and temperature anomaly metrics.

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News & Blog

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Daily Price History