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PAL Product Update – March 2017

PAL has scientifically determined a spectrum of intensity-weighted carbon prices across 40 countries. Discover more about the new improvements to PALgamma Catastrophe Loss Model, PALcarbon App Suite and find out about the new PAL Climate Risk Index.   New Features PALgamma Catastrophe and Climate Change Loss Model We have recently reviewed the data sets and risk parameters used by PALgamma, our catastrophe loss modelling and climate change risk attribution computer system. As a result we have made some improvements that materially improves the quality of loss forecasts over the next 10 year time horizon.   PAL Carbon Pricing We have revised…

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Towards a Trillion Dollars of Carbon-Related Loss & Damage in 2016

The global loss and damage arising from all weather events that were attributable to man-made climate change in 2016 was   $953,905,000,000   This is based upon estimated carbon emissions for 2016 of 37,705,000,000 tCO2, and PAL’s global one-year Carbon Loss Index (CLIX) of $25.30 per tonne of CO2. The CLIX benchmark measures loss and damage attributable to manmade climate change. It additionally provides the minimum floor price required to raise sufficient revenue from carbon emitters to fund the cost of AIMS (Adaptation, Insurance, Mitigation and Social Fund) projects and programmes that tackle the impacts of climate change. Munich Re, the world’s largest…

Are we CLEAR? Carbon Liability to Earnings and Assets Ratios are here

What is “Carbon Liability to Earnings and Assets Ratio” Carbon Liability to Earnings Ratio (CLEAR) is the ratio of a company’s direct greenhouse gas (GHG) emissions liability to company earnings.   It is calculated as: CLEAR = (Direct GHG emissions x Carbon Price) / Earnings   When calculating, it is preferable to use an Earnings before interest, tax, depreciation and amortization (EBITDA) figure. In this case CLEAR provides an implied carbon tax rate. For example, suppose a company reports pre-tax earnings of £5bn ($6.5bn) and direct GHG emissions of 5 million tonnes of CO2. With a carbon price of £18 ($23) per tonne, say, then the…

Predicting the price of carbon: how to crack the climate change code for good. Supplement 1 Hinkley Point C Nuclear Power Station Enhanced Carbon Audit LCA Case Study

New eBook “Hinkley Point C Nuclear Power Station Enhanced Carbon Audit LCA Case Study” out now

Predicting the Price of Carbon Supplement 1: Hinkley Point C Nuclear Power Station Enhanced Carbon Audit LCA Case Study Uniquely, in today’s emerging arena of carbon auditing, Predict Ability Ltd (PAL) offers future-proofed carbon-pricing relevant to every industry as well as all existing and future energy sources. PAL’s new development is called ‘Enhanced Carbon Auditing’ (ECA) and far exceeds the reach of conventional carbon-auditing remits, by quantifying the associated financial impact throughout the Life Cycle Assessment (LCA) – currently and, most notably, to 2050 and beyond. The credibility of low-carbon energy and renewables technologies rests, to a significant extent, on…

Carbon Pay ® : The Third Way

Carbon Pay ® is a scientific revolution in carbon pricing that identifies and protects against carbon liability. Cap and trade is too cumbersome. Carbon tax is too political. Carbon Pay scientifically formulates the right price of carbon, identifies the revenue payable by corporations and enables them to allocate it to formally approved projects, thereby visibly enhancing corporate ethical profiles. Our system is science-based, offering carbon-pricing services that are relevant to every organization, and incorporating all existing and future energy sources. Our innovative approach to auditing – known as Enhanced Carbon Auditing (ECA) – exceeds the reach of conventional methods, rationally…

A Radical Approach to Disaster Anticipation, Climate Change and Carbon Pricing

Predict Ability has created a breakthrough in understanding and predicting the risk factors for natural disasters and provides extraordinary insight as to when and where they are likely to occur.

Predict Ability Ltd joins Carbon Pricing Leadership Coalition

Predict Ability Ltd (PAL) has joined the Carbon Pricing Leadership Coalition and is committed to supporting the adoption of a universal and transparent carbon price. Uniquely, in today’s emerging arena of carbon auditing, PAL offers future-proofed carbon-pricing relevant to every industry as well as all existing and future energy sources. PAL’s Enhanced Carbon Auditing (ECA) far exceeds the reach of conventional carbon-auditing remits, by rationally quantifying the associated financial impact throughout the Life Cycle Assessment (LCA) – currently and, most notably, to 2050 and beyond. Furthermore, PAL has now pioneered and developed a major new strategy enabling financial enterprises to…

Fact Sheet: Carbon Intensity Weighting – CIW

A particular problem in carbon pricing is that a one-size-fits-all carbon price is a blunt instrument for encouraging behavioural change. A spectrum of prices based on impact (PAL’s Carbon Intensity Weighting) is more effective as well as future-proof. All fuel-types are allocated a carbon price based on their carbon intensity weighting: coal, gas, nuclear, even solar. Carbon intensity is the amount of carbon dioxide emitted per amount of useful energy (tonnes of CO2 per megawatt hour). Read the full fact sheet …

Loss and damage associated with Climate Change impacts to reach $1 trillion a year by 2021

Climate change  is once again under the microscope at COP22 this month and one point in particular will be a review of the previously established Warsaw International Mechanism for Loss and Damage and whether developed countries would be able to fulfil their commitment to provide a total of $100bn a year of financial aid by 2020. PAL’s view is that the loss and damage attributable to climate change in 2016 is around the $800bn mark, increasing to $1 trillion in 2021. In carbon pricing – or rather carbon cost – terms this equates to about $22 per tonne today, rising to $26 per tonne in 2021. Around…

Fact Sheet: Reinsurance Event Attributed Carbon Tax – REACT

In 2015 Predict Ability Ltd (PAL) introduced the Reinsurance Event Attributed Carbon Tax (REACT) system, which was originally designed to put a price on the financial loss and damage arising from carbon emissions. REACT measures the expected losses that will occur for each tonne of carbon dioxide emitted. Further, it determines the allocation of the costs of those losses to each energy supplier based upon the proportion of carbon emitted and the carbon intensity of the fuel type used. The total revenue paid by all suppliers equals the total loss and damage caused by their emissions. Read the full fact…

Posts | Wall was last modified: February 14th, 2018 by admin