The Carbon Equivalence Principle: Methods and Applications

16 Pages Posted: 16 Feb 2022 Last revised: 18 Apr 2022

See all articles by Chris Kenyon

Chris Kenyon

MUFG Securities EMEA plc; University College London

Andrea Macrina

University College London; University of Cape Town (UCT)

Mourad Berrahoui

Lloyds Banking Group

Date Written: April 14, 2022

Abstract

We develop quantitative methods to support financial product analysis-redesign required by the Carbon Equivalence Principle (CEP) to achieve financial net-zero and thus carbon net-negative positions. We then apply the CEP analysis-redesign to project finance for power generation across a range of technologies.

Keywords: Sustainability, carbon pricing, disclosure, climate change, financial products, stranded assets, recovery, Green, ESG, carbon net-zero, financial net-zero

JEL Classification: Q54, Q59, Q55, Q58, G13, G11, G17, G21, G24, G33

Suggested Citation

Kenyon, Chris and Macrina, Andrea and Berrahoui, Mourad, The Carbon Equivalence Principle: Methods and Applications (April 14, 2022). Available at SSRN: https://ssrn.com/abstract=4035833 or http://dx.doi.org/10.2139/ssrn.4035833

Chris Kenyon (Contact Author)

MUFG Securities EMEA plc ( email )

25 Ropemaker St
London, EC2Y 9AJ
United Kingdom

University College London ( email )

Gower Street
London, WC1E 6BT
United Kingdom

Andrea Macrina

University College London ( email )

Gower Street
London, WC1E 6BT
United Kingdom

University of Cape Town (UCT) ( email )

Private Bag X3
Rondebosch, Western Cape 7701
South Africa

Mourad Berrahoui

Lloyds Banking Group ( email )

10 Gresham Street
London, EC2V 7AE
United Kingdom

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