{
  "docId": "019dd923-5e88-73ef-bd59-6131f37efc2b",
  "docSlug": "71b5b657f034a972",
  "documentTitle": "ey net zero centre carbon offset publication 20220530",
  "authorId": "MorganStanley",
  "authorName": "Grantham Research Institute",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "equity_research",
  "sourceTypeLabel": "Equity research",
  "presentationDate": null,
  "orientation": "portrait",
  "aspectRatio": 0.707,
  "pageNumber": 23,
  "pageCount": 45,
  "prevPage": 22,
  "nextPage": 24,
  "slideType": "appendix_data",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 1,
  "notes": "The slide contains a scatter plot with a regression line and R-squared value, followed by text analyzing the findings and introducing a section on measurement error.",
  "elementsJson": [
    "scatter_plot",
    "paragraph",
    "footnote"
  ],
  "metadataConfidence": 0.95,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd59-6131f37efc2b/23",
  "deckHref": "/decks/019dd923-5e88-73ef-bd59-6131f37efc2b",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd59-6131f37efc2b.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd59-6131f37efc2b#slide-23",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "Our analysis reveals that the program registered a high number of BLIMPs, even when compared to a lottery.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-340a-72a9-845b-26bdf82204e6",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.3,
        "x": 0.35,
        "y": 0.1
      },
      "kind": "chart",
      "text": "Relationship between capacity and approved carbon credits",
      "attrs": null,
      "subkind": "scatter",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "39513d46-dfb0-45b5-afad-29303a828f25",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "R-squared: 0.686",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-340a-72a9-845b-2b4323fc7897",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.8,
        "x": 0.1,
        "y": 0.5
      },
      "kind": "paragraph",
      "text": "In summary, despite the Indian wind power sector having been identified ex ante as offering significant opportunities to support marginal projects, we find evidence of meaningful support for infra-marginal projects.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2560739a-185d-4534-992e-110b9742973e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.8,
        "x": 0.1,
        "y": 0.75
      },
      "kind": "paragraph",
      "text": "Measurement Error: Our analysis relies on two inputs that have been estimated—the cost of connecting wind farms and their capacity factors. These may have been measured with error.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7f049ce0-a54d-47bf-bc8a-d9fbabae8b94",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.8,
        "x": 0.1,
        "y": 0.87
      },
      "kind": "source-note",
      "text": "10 If we extrapolate this rate of infra-marginal support to the CDM as a whole, the program would have increased global emissions by 6.1 billion tonnes of carbon dioxide.",
      "attrs": {
        "numbered": true
      },
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "91e5cf66-bff3-4912-be3f-58b33dbb67c0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.3,
        "x": 0.1,
        "y": 0.7
      },
      "kind": "title",
      "text": "6.2 Sensitivity Analysis",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5f8fc84f-5f56-4afc-a45d-4f138bbcba9d",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Reductio ad Absurdum",
      "slug": "reductio-ad-absurdum",
      "agent": "Architect",
      "layer": "slide",
      "matchId": "7f6ff12c-343a-431f-a5c7-d9d016cc1dc9",
      "evidence": "Not all BLIMPs represent mistakes of equal magnitude.",
      "confidence": 0.6
    }
  ],
  "frameworks": [
    {
      "name": "sensitivity-analysis",
      "slug": null,
      "matchId": "e06e319c-bfd0-48ef-bb8f-cbb5e291536f",
      "evidence": "Section 6.2 explicitly discusses sensitivity analysis regarding measurement error.",
      "confidence": 1
    }
  ],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}