Isramart news:
Conservatives see environmental protection as a core value, and support efforts on climate change, according to a poll by a Republican public opinion research firm.
According to a poll from a Republican public opinion research firm, 52 percent of Republicans and a similar number of self-identified conservatives (R's, D's, and I's) say they support a comprehensive national energy policy that both increases domestic energy production and caps carbon dioxide emissions. Only around 35 percent of both subsets of voters voiced opposition.
Now, get this: Among the approximately one-third of voters who say they look kindly upon the Tea Party movement, the split was more even, but still, a remarkable 47 percent supported said energy policy, while 42 percent opposed.
Here's some more rich food for thought: The pollster asked the self-identified conservatives and Tea Party backers whether they believe conserving natural resources and environmental stewardship are conservative values. An overwhelming majority, 86 percent, said yes. A similar number of the Tea Partiers, 84 percent, held that view also.
(Full disclosure: the survey was a collaborative effort between Republicans for Environmental Protection and Bellwether Research & Consulting. Bellwether conducted a national survey of 802 voters - 84 percent by regular old landline phone and 16 percent by cell phone - between April 26 and May 2.)
If you take your cues on conservative thought from Rush Limbaugh and other self-appointed conservative sages of the radio spectrum, such numbers wouldn't make sense. For years, the boys behind the mic have pounded home a dogmatic theme that protecting our natural endowment is the obsession of fringe "enviro-wackos." Furthermore, according to their revealed truth, capping carbon pollution would be a giant stride down the road to socialist economic perdition.
Apparently, however, their message in this area hasn't made as much headway as conventional wisdom would dictate. Perhaps it's time for Republican lawmakers to pay less heed to the gasbags and work harder on balanced energy and environmental legislation that is consistent with what their constituents are thinking.
Friday, May 14, 2010
Isramart: Britain's new government must push clean coal: Alstom
Isramart news:
Britain's new Conservative-led government must ensure clean coal plants are built alongside gas, renewables and nuclear to make the deep carbon cuts needed to limit climate change, Joan MacNaughton, senior vice-president of power and environmental policy at Alstom Power said.
David Cameron's Conservatives, who struck a deal with the Liberal Democrats on Wednesday to form Britain's first coalition government since 1945, said in their election manifesto they would set limit on emissions from Britain's power stations.
Existing coal-fired power plants typically produce around three times more climate warming carbon dioxide per unit of electricity produced than gas plants, making gas a relatively cheap, quick way of trimming carbon emissions and prompting a dash for gas in the 1990s.
Unless the proposed cap is low enough to also affect gas plants, the planned Emissions Performance Standard could prevent the commercial use of carbon capture and storage (CCS) equipment which must be fitted to avert dangerous climate change.
"If you set the Emissions Performance Standard at a level that unabated gas can meet, then you build unabated gas stations," MacNaughton said in an interview.
"Then you are left with the problem of emissions from unabated gas and with emissions actually growing from gas fired power generation when the overall goal has got to be to take the emissions out of power," she said.
The outgoing Labour government, which MacNaughton served under as Director General for Energy at the Department of Trade and Industry, has said no new coal plants can be built in Britain without fitting CCS technology to coal plants.
Stiff opposition to new coal plants in Europe, and rising operating cost for existing ones because of carbon penalties under the EU emissions trading scheme, has driven utilities to build almost exclusively gas plants over the last two decades.
Although building gas instead of coal helps reduce emissions significantly, it will not be enough to and there is not enough incentive to fit expensive CCS technology to gas plants in the early stages.
"If you have no coal new build then the market for CCS is pushed off to the right - it certainly is delayed by some considerable time because the economics for CCS work better on coal," MacNaughton, who led the UK Labour government efforts on the energy aspects of the Gleneagles G8 Program of Action.
"You get to you intermediate CO2 reduction targets quicker but then you have locked in a lot of that unabated gas," she said.
Alstom is a major supplier of steam turbines to all types of power plant, with about a third of the world's nuclear power plants using Alstom equipment, and also has a wind turbine arm based in Spain and several CCS projects around the world.
MacNaughton said that although the previous Labour government had passed some pioneering legislation paving the way for widespread use of CCS in Britain, its long-running competition to award funding
Climate scientists say global carbon emissions must be cut by 50 percent compared to 1990 levels by 2050 to avoid dangerous climate change.
Such a drastic cut will likely require developed countries to nearly eradicate carbon emissions from power generation -- using wind, solar, nuclear and carbon-free fossil fuel technologies -- with thousands more CCS units fitted to coal-fired plants in other parts of the world.
The International Energy Agency (IEA) estimates that at least 3,400 big CCS plants will need to be running by 20up and across the globe by 2050.
Several companies, including Alstom, are developing CCS projects to stash carbon produced from fossil fuels underground in the hope of selling the technology to countries like China and India which are expected to continue burning coal for decades.
MacNaughton said the old UK government had shown great leadership in passing pioneering legislation for CCS use in Britain but that plodding progress on awarding funding for full commercial scale projects had allowed projects in other parts of the world to race ahead.
Britain's new Conservative-led government must ensure clean coal plants are built alongside gas, renewables and nuclear to make the deep carbon cuts needed to limit climate change, Joan MacNaughton, senior vice-president of power and environmental policy at Alstom Power said.
David Cameron's Conservatives, who struck a deal with the Liberal Democrats on Wednesday to form Britain's first coalition government since 1945, said in their election manifesto they would set limit on emissions from Britain's power stations.
Existing coal-fired power plants typically produce around three times more climate warming carbon dioxide per unit of electricity produced than gas plants, making gas a relatively cheap, quick way of trimming carbon emissions and prompting a dash for gas in the 1990s.
Unless the proposed cap is low enough to also affect gas plants, the planned Emissions Performance Standard could prevent the commercial use of carbon capture and storage (CCS) equipment which must be fitted to avert dangerous climate change.
"If you set the Emissions Performance Standard at a level that unabated gas can meet, then you build unabated gas stations," MacNaughton said in an interview.
"Then you are left with the problem of emissions from unabated gas and with emissions actually growing from gas fired power generation when the overall goal has got to be to take the emissions out of power," she said.
The outgoing Labour government, which MacNaughton served under as Director General for Energy at the Department of Trade and Industry, has said no new coal plants can be built in Britain without fitting CCS technology to coal plants.
Stiff opposition to new coal plants in Europe, and rising operating cost for existing ones because of carbon penalties under the EU emissions trading scheme, has driven utilities to build almost exclusively gas plants over the last two decades.
Although building gas instead of coal helps reduce emissions significantly, it will not be enough to and there is not enough incentive to fit expensive CCS technology to gas plants in the early stages.
"If you have no coal new build then the market for CCS is pushed off to the right - it certainly is delayed by some considerable time because the economics for CCS work better on coal," MacNaughton, who led the UK Labour government efforts on the energy aspects of the Gleneagles G8 Program of Action.
"You get to you intermediate CO2 reduction targets quicker but then you have locked in a lot of that unabated gas," she said.
Alstom is a major supplier of steam turbines to all types of power plant, with about a third of the world's nuclear power plants using Alstom equipment, and also has a wind turbine arm based in Spain and several CCS projects around the world.
MacNaughton said that although the previous Labour government had passed some pioneering legislation paving the way for widespread use of CCS in Britain, its long-running competition to award funding
Climate scientists say global carbon emissions must be cut by 50 percent compared to 1990 levels by 2050 to avoid dangerous climate change.
Such a drastic cut will likely require developed countries to nearly eradicate carbon emissions from power generation -- using wind, solar, nuclear and carbon-free fossil fuel technologies -- with thousands more CCS units fitted to coal-fired plants in other parts of the world.
The International Energy Agency (IEA) estimates that at least 3,400 big CCS plants will need to be running by 20up and across the globe by 2050.
Several companies, including Alstom, are developing CCS projects to stash carbon produced from fossil fuels underground in the hope of selling the technology to countries like China and India which are expected to continue burning coal for decades.
MacNaughton said the old UK government had shown great leadership in passing pioneering legislation for CCS use in Britain but that plodding progress on awarding funding for full commercial scale projects had allowed projects in other parts of the world to race ahead.
Isramart: City Forests holds off on carbon initiative
Isramart news:
City Forests in Dunedin is not rushing to sign up to a Westpac bank pool buying foresters' carbon credits, but believes credit sales will pick up when the emissions trading scheme (ETS) comes into force on July 1.
With low demand for credits at present, Dunedin City Council-owned City Forests appears to be positioning itself to reap the benefits of supply-and-demand economics, as opposed to pooling its credits now with others at what could be a discounted rate.
In early February, City Forests boosted its bottom line $3 million after signing its inaugural carbon-credit deal with an unidentified New Zealand company.
The deal was brokered through a specialist Auckland-based company.
Westpac bank has begun buying carbon offsets from New Zealand forest owners with the aim of selling them to firms which are big polluters.
Westpac has approached about 600 foresters in a bid to pool carbon offsets issued to them to sell in large lots to firms such as refiners and cement makers that will have to meet carbon costs under the ETS.
When contacted, City Forests chief executive Grant Dodson confirmed Westpac had recently sent an "introductory email" on its intentions.
He said he would meet them before the end of the month, but no offers had been made.
"If I am sounding luke-warm [to Westpac's proposal] it is because most of the emitters are sitting on their hands and not buying [carbon credits].
But come July, when their liability comes in, I would expect increasing demand from them," Mr Dodson said.
About a-third of City Forests' 16,1000ha of forestry was eligible, under the Kyoto agreement, to produce carbon credits as the trees were planted after 1990.
After selling the inaugural 150,000 credits, City Forests has 11,000 left for sale on the global "spot market".
In September last year, southern forester Ernslaw One sold more than $10 million of carbon credits to the Norwegian Government in what was believed to be the first international carbon-credit sale by a New Zealand company.
Mr Dodson said while credits were capped at $25 per tonne, he understood major forest owners were selling credits in the $20-$21 range.
Smaller forest owners, who would have been part of the Westpac mailout, may have only about 10,000 credits to sell and their prices may be at a discounted price of $19-$20 per tonne.
Mr Dodson said some of these smaller forest owners could go into a "pool situation" such as that suggested by Westpac.
"It is an open market and there will be a few players [after July 1], which is good if you are a holder of credits and someone wants your commodity."
New Zealand's ETS, only the second national scheme outside Europe, will ramp up from July with the entry of power generators, transport firms and steel and cement makers, which emit about half the nation's greenhouse gases.
"We've done some deals," said Lloyd Cartwright, head of New Zealand financial markets for Westpac Institutional Bank, declining to give specific details.
"You can see the deals in the market and nothing is going through near $25," Mr Cartwright said in an interview, referring to the scheme's initial capped price.
He pointed to the price and regulatory risks of entering the fledging ETS, particularly since it faces a mandatory government review in 2011.
Neighbouring Australia last week further delayed its ETS, and a climate Bill in the United States does not yet have enough backing to pass the Senate.
Some New Zealand firms have called for the Government to further water down or delay the scheme, something it has refused to do.
The ETS centres on trading New Zealand units (NZUs), which represent a tonne of carbon dioxide equivalent.
Polluting firms will have to surrender these to the Government annually, while foresters can receive them free as reward for growing trees, which soak up planet-warming carbon dioxide as they grow.
The catch for foresters is the liability they face when they harvest trees or if their plantations are wiped out by fire.
Mr Cartwright said foresters had to understand the risks of cashing all their credits and not banking any for possible future liabilities to the Government.
Under the scheme, between July 1, 2010, and January 1, 2013, emitters have the option of paying a fixed price of $25 per tonne of carbon, or going to the market and sourcing cheaper NZUs from foresters.
Polluters also will only have to surrender one unit for every two units of emissions.
Critics have said the ETS is too weak and will only result in muted trade in the initial years because of a large amount of free NZUs that will be allocated to energy-intensive firms that export their goods.
This will cut demand for NZUs.
Brokers and other market players have reported only a small number of deals to date and do not expect the market to take off in a major way, at least in the first year.
Some deals have gone through covering the conversion of NZUs into sovereign "assigned amount units", or AAUs, under the Kyoto Protocol, with buyers in Japan and Europe paying in the range of 6-10 ($NZ10.80 to $NZ18) a tonne.
Mr Cartwright said the bank was initially focused on catering to New Zealand polluters but was also looking at the AAU trade.
"Possibly yes; we've done some work on that," he said.
He said the bank was trying to distinguish itself from brokers by taking on price risk.
He said he believed firms that were already aggregating or pooling forestry credits were not taking principal risk.
City Forests in Dunedin is not rushing to sign up to a Westpac bank pool buying foresters' carbon credits, but believes credit sales will pick up when the emissions trading scheme (ETS) comes into force on July 1.
With low demand for credits at present, Dunedin City Council-owned City Forests appears to be positioning itself to reap the benefits of supply-and-demand economics, as opposed to pooling its credits now with others at what could be a discounted rate.
In early February, City Forests boosted its bottom line $3 million after signing its inaugural carbon-credit deal with an unidentified New Zealand company.
The deal was brokered through a specialist Auckland-based company.
Westpac bank has begun buying carbon offsets from New Zealand forest owners with the aim of selling them to firms which are big polluters.
Westpac has approached about 600 foresters in a bid to pool carbon offsets issued to them to sell in large lots to firms such as refiners and cement makers that will have to meet carbon costs under the ETS.
When contacted, City Forests chief executive Grant Dodson confirmed Westpac had recently sent an "introductory email" on its intentions.
He said he would meet them before the end of the month, but no offers had been made.
"If I am sounding luke-warm [to Westpac's proposal] it is because most of the emitters are sitting on their hands and not buying [carbon credits].
But come July, when their liability comes in, I would expect increasing demand from them," Mr Dodson said.
About a-third of City Forests' 16,1000ha of forestry was eligible, under the Kyoto agreement, to produce carbon credits as the trees were planted after 1990.
After selling the inaugural 150,000 credits, City Forests has 11,000 left for sale on the global "spot market".
In September last year, southern forester Ernslaw One sold more than $10 million of carbon credits to the Norwegian Government in what was believed to be the first international carbon-credit sale by a New Zealand company.
Mr Dodson said while credits were capped at $25 per tonne, he understood major forest owners were selling credits in the $20-$21 range.
Smaller forest owners, who would have been part of the Westpac mailout, may have only about 10,000 credits to sell and their prices may be at a discounted price of $19-$20 per tonne.
Mr Dodson said some of these smaller forest owners could go into a "pool situation" such as that suggested by Westpac.
"It is an open market and there will be a few players [after July 1], which is good if you are a holder of credits and someone wants your commodity."
New Zealand's ETS, only the second national scheme outside Europe, will ramp up from July with the entry of power generators, transport firms and steel and cement makers, which emit about half the nation's greenhouse gases.
"We've done some deals," said Lloyd Cartwright, head of New Zealand financial markets for Westpac Institutional Bank, declining to give specific details.
"You can see the deals in the market and nothing is going through near $25," Mr Cartwright said in an interview, referring to the scheme's initial capped price.
He pointed to the price and regulatory risks of entering the fledging ETS, particularly since it faces a mandatory government review in 2011.
Neighbouring Australia last week further delayed its ETS, and a climate Bill in the United States does not yet have enough backing to pass the Senate.
Some New Zealand firms have called for the Government to further water down or delay the scheme, something it has refused to do.
The ETS centres on trading New Zealand units (NZUs), which represent a tonne of carbon dioxide equivalent.
Polluting firms will have to surrender these to the Government annually, while foresters can receive them free as reward for growing trees, which soak up planet-warming carbon dioxide as they grow.
The catch for foresters is the liability they face when they harvest trees or if their plantations are wiped out by fire.
Mr Cartwright said foresters had to understand the risks of cashing all their credits and not banking any for possible future liabilities to the Government.
Under the scheme, between July 1, 2010, and January 1, 2013, emitters have the option of paying a fixed price of $25 per tonne of carbon, or going to the market and sourcing cheaper NZUs from foresters.
Polluters also will only have to surrender one unit for every two units of emissions.
Critics have said the ETS is too weak and will only result in muted trade in the initial years because of a large amount of free NZUs that will be allocated to energy-intensive firms that export their goods.
This will cut demand for NZUs.
Brokers and other market players have reported only a small number of deals to date and do not expect the market to take off in a major way, at least in the first year.
Some deals have gone through covering the conversion of NZUs into sovereign "assigned amount units", or AAUs, under the Kyoto Protocol, with buyers in Japan and Europe paying in the range of 6-10 ($NZ10.80 to $NZ18) a tonne.
Mr Cartwright said the bank was initially focused on catering to New Zealand polluters but was also looking at the AAU trade.
"Possibly yes; we've done some work on that," he said.
He said the bank was trying to distinguish itself from brokers by taking on price risk.
He said he believed firms that were already aggregating or pooling forestry credits were not taking principal risk.
Isramart: Telstra taps Ideas International to cut carbon
Isramart news:
Telstra has renewed its contract with Ideas International (ASX: IDE) for use of its Server CAR, carbon calculator and competitive profiles applications suite to assist in making informed and well-planned IT investment decisions.
"We are looking to further help Telstra with deploying the Carbon Calculator which will allow Telstra's IT decision makers to calculate the carbon savings resulting from any transition to a lower power machine from legacy ones," said Ideas International CEO, Stephen Bowhill.
Telstra's use of Ideas' tools to help reduce its carbon footprint follows its use of Ericsson's total cost of ownership tools to help minimise the carbon footprint of its mobile network.
According to Ideas, the Telstra IT group uses Ideas tools to help improve efficiency in its server fleet. "In particular the Server CAR is used by Telstra to model various server consolidation scenarios across different vendors or between different architectures (RISC or X86) before a hardware investment is undertaken.
"Server CAR's performance data adds granularity to the capacity planning and testing function and enables Telstra to make decisions based on independent metrics and tool-sets," Ideas claims.
Telstra's manager, technology planning, Carlo Bonato, said: "Ideas tools also aid us…[to] ensure that IT capacity meets current and future business requirements in a cost-effective manner.
Telstra has been a client of Ideas for over five years and also uses the suite of Competitive Profiles services for cross-vendor comparisons of feature, function and price for enterprise systems, storage and warranty services. Telstra has recently upgraded the suite of services from Ideas to include the new Smart Import tool.
Telstra has renewed its contract with Ideas International (ASX: IDE) for use of its Server CAR, carbon calculator and competitive profiles applications suite to assist in making informed and well-planned IT investment decisions.
"We are looking to further help Telstra with deploying the Carbon Calculator which will allow Telstra's IT decision makers to calculate the carbon savings resulting from any transition to a lower power machine from legacy ones," said Ideas International CEO, Stephen Bowhill.
Telstra's use of Ideas' tools to help reduce its carbon footprint follows its use of Ericsson's total cost of ownership tools to help minimise the carbon footprint of its mobile network.
According to Ideas, the Telstra IT group uses Ideas tools to help improve efficiency in its server fleet. "In particular the Server CAR is used by Telstra to model various server consolidation scenarios across different vendors or between different architectures (RISC or X86) before a hardware investment is undertaken.
"Server CAR's performance data adds granularity to the capacity planning and testing function and enables Telstra to make decisions based on independent metrics and tool-sets," Ideas claims.
Telstra's manager, technology planning, Carlo Bonato, said: "Ideas tools also aid us…[to] ensure that IT capacity meets current and future business requirements in a cost-effective manner.
Telstra has been a client of Ideas for over five years and also uses the suite of Competitive Profiles services for cross-vendor comparisons of feature, function and price for enterprise systems, storage and warranty services. Telstra has recently upgraded the suite of services from Ideas to include the new Smart Import tool.
Isramart: Details of new Senate climate bill
Isramart news:
Democratic Senator John Kerry and independent Senator Joseph Lieberman are scheduled to formally unveil on Tuesday a compromise U.S. climate change bill they want passed this year.
Besides bringing down emissions of carbon dioxide and other gases blamed for global warming, it would expand offshore oil drilling and nuclear power production in a move to appeal to a broader number of senators.
Here are highlights of the bill, called the "American Power Act," according to a summary of the legislation being circulated to senators and obtained by Reuters:
*CARBON EMISSIONS REDUCTIONS
By 2020, carbon pollution would be cut by 17 percent from 2005 levels. By 2050, a reduction of more than 80 percent would be achieved. These are the same goals included in the climate bill passed by the House of Representatives in June. The short-term goal is slightly less than the 20 percent cut approved in November by the Senate Environment and Public Works Committee.
The summary did not specify, but sources have said the carbon-reduction requirements on utilities would begin in 2013.
*CARBON PRICE COLLAR
Carbon prices would rise at a fixed rate over inflation. Initially, floor and ceiling prices for carbon pollution permits required of electric utilities would be set at $12-$25. The floor would increase at 3 percent annually over inflation and the ceiling at 5 percent annually over inflation.
In the event of unusually high carbon prices, a strategic reserve would ensure the availability of "price-certain allowances."
Backers aren't calling it "cap and trade," but in practice, that is what it appears to be.
*MARKET PARTICIPANTS
According to the summary, "Participation in the auction and primary cash markets is restricted to entities with a compliance obligation and a limited number of 'market makers.'"
"Participation in the secondary market will be open to all participants, but it will only exist on a cash-cleared basis. It will be highly regulated, exchange-traded and transparent."
*OFFSHORE OIL DRILLING
Expanded drilling off the coasts of mid-Atlantic states would be encouraged. But following the huge April 20 oil spill in the Gulf of Mexico, the bill will allow states to opt-out of drilling up to 75 miles from their shores. States also could veto drilling plans off their coasts; states that participate would get 37.5 percent of revenues from the oil production to protect coastlines.
*FACTORY EMISSIONS
Manufacturers would not have to begin cutting their carbon pollution until 2016 to give them more time to adjust. Starting in 2016, energy-intensive industries, like steel, paper and chemical factories, would get some free pollution permits to offset their compliance costs.
If no global deal on reducing emissions is reached, a border tax would be imposed on goods from countries without pollution-reduction programs.
A clean energy manufacturing tax credit would be increased by $5 billion.
*BIG POLLUTERS ONLY
Only large sources of carbon pollution will be required to cut emissions: those that emit more than 25,000 tons of carbon annually, or 7,500 factories and power plants.
*CONSUMER PROTECTIONS
Energy bill discounts and direct rebates would go to consumers to protect them from price hikes as the U.S. moves away from cheap, dirty fossil fuels and toward clean, but more expensive, energy sources, like solar and wind power. Lower-income families would get additional assistance.
*STATE PRE-EMPTION
States would have to abandon cap-and-trade programs they operate in favor of a national program that uses different pollution-control approaches for different industries.
*'CLEAN COAL'
Washington would spend $2 billion per year to help develop carbon capture and sequestration methods and devices for coal. The summary didn't specify how long the money would flow.
*NUCLEAR POWER
Increased generation in this sector, which emits almost no carbon, would be fostered through $54 billion in new loan guarantees that President Barack Obama already has requested. The Kerry-Lieberman bill also would allow accelerated depreciation for nuclear power plants, a manufacturing tax credit to spur production of parts and to speed up licensing. Research dollars also would be dedicated to developing small, modular reactors.
*OIL INDUSTRY REQUIREMENTS
The transportation sector, like utilities and factories, will be included in the national carbon pollution cap. But unlike the latter two sectors, it will not participate in the carbon market.
Instead, domestic producers and importers of refined petroleum products would have to buy "allowances," which will be linked to the price of carbon established by auctions that start with the utility sector and then expand to manufacturers in 2016.
*IMPROVED TRANSPORTATION
$7 billion annually would be used to improve mass transit and highways. New government investments in batteries and other clean vehicles would be provided.
*NATURAL GAS INCENTIVES
Tax incentives would encourage heavy-duty trucks to convert from petroleum to using cleaner natural gas as a fuel. Disincentives for natural gas generation at merchant power plants would be removed.
*AGRICULTURE SECTOR
Farmers would be exempt from carbon pollution requirements. But they would be encouraged to cut their emissions, which come from fertilizers, heavy farm equipment and other sources, through a domestic offset program overseen by USDA.
Democratic Senator John Kerry and independent Senator Joseph Lieberman are scheduled to formally unveil on Tuesday a compromise U.S. climate change bill they want passed this year.
Besides bringing down emissions of carbon dioxide and other gases blamed for global warming, it would expand offshore oil drilling and nuclear power production in a move to appeal to a broader number of senators.
Here are highlights of the bill, called the "American Power Act," according to a summary of the legislation being circulated to senators and obtained by Reuters:
*CARBON EMISSIONS REDUCTIONS
By 2020, carbon pollution would be cut by 17 percent from 2005 levels. By 2050, a reduction of more than 80 percent would be achieved. These are the same goals included in the climate bill passed by the House of Representatives in June. The short-term goal is slightly less than the 20 percent cut approved in November by the Senate Environment and Public Works Committee.
The summary did not specify, but sources have said the carbon-reduction requirements on utilities would begin in 2013.
*CARBON PRICE COLLAR
Carbon prices would rise at a fixed rate over inflation. Initially, floor and ceiling prices for carbon pollution permits required of electric utilities would be set at $12-$25. The floor would increase at 3 percent annually over inflation and the ceiling at 5 percent annually over inflation.
In the event of unusually high carbon prices, a strategic reserve would ensure the availability of "price-certain allowances."
Backers aren't calling it "cap and trade," but in practice, that is what it appears to be.
*MARKET PARTICIPANTS
According to the summary, "Participation in the auction and primary cash markets is restricted to entities with a compliance obligation and a limited number of 'market makers.'"
"Participation in the secondary market will be open to all participants, but it will only exist on a cash-cleared basis. It will be highly regulated, exchange-traded and transparent."
*OFFSHORE OIL DRILLING
Expanded drilling off the coasts of mid-Atlantic states would be encouraged. But following the huge April 20 oil spill in the Gulf of Mexico, the bill will allow states to opt-out of drilling up to 75 miles from their shores. States also could veto drilling plans off their coasts; states that participate would get 37.5 percent of revenues from the oil production to protect coastlines.
*FACTORY EMISSIONS
Manufacturers would not have to begin cutting their carbon pollution until 2016 to give them more time to adjust. Starting in 2016, energy-intensive industries, like steel, paper and chemical factories, would get some free pollution permits to offset their compliance costs.
If no global deal on reducing emissions is reached, a border tax would be imposed on goods from countries without pollution-reduction programs.
A clean energy manufacturing tax credit would be increased by $5 billion.
*BIG POLLUTERS ONLY
Only large sources of carbon pollution will be required to cut emissions: those that emit more than 25,000 tons of carbon annually, or 7,500 factories and power plants.
*CONSUMER PROTECTIONS
Energy bill discounts and direct rebates would go to consumers to protect them from price hikes as the U.S. moves away from cheap, dirty fossil fuels and toward clean, but more expensive, energy sources, like solar and wind power. Lower-income families would get additional assistance.
*STATE PRE-EMPTION
States would have to abandon cap-and-trade programs they operate in favor of a national program that uses different pollution-control approaches for different industries.
*'CLEAN COAL'
Washington would spend $2 billion per year to help develop carbon capture and sequestration methods and devices for coal. The summary didn't specify how long the money would flow.
*NUCLEAR POWER
Increased generation in this sector, which emits almost no carbon, would be fostered through $54 billion in new loan guarantees that President Barack Obama already has requested. The Kerry-Lieberman bill also would allow accelerated depreciation for nuclear power plants, a manufacturing tax credit to spur production of parts and to speed up licensing. Research dollars also would be dedicated to developing small, modular reactors.
*OIL INDUSTRY REQUIREMENTS
The transportation sector, like utilities and factories, will be included in the national carbon pollution cap. But unlike the latter two sectors, it will not participate in the carbon market.
Instead, domestic producers and importers of refined petroleum products would have to buy "allowances," which will be linked to the price of carbon established by auctions that start with the utility sector and then expand to manufacturers in 2016.
*IMPROVED TRANSPORTATION
$7 billion annually would be used to improve mass transit and highways. New government investments in batteries and other clean vehicles would be provided.
*NATURAL GAS INCENTIVES
Tax incentives would encourage heavy-duty trucks to convert from petroleum to using cleaner natural gas as a fuel. Disincentives for natural gas generation at merchant power plants would be removed.
*AGRICULTURE SECTOR
Farmers would be exempt from carbon pollution requirements. But they would be encouraged to cut their emissions, which come from fertilizers, heavy farm equipment and other sources, through a domestic offset program overseen by USDA.
Isramart:US Senate climate bill unveiled but fate uncertain
Isramart news:
A new U.S. Senate bill aimed at battling global warming would impose new limits on carbon dioxide pollution from factories, utilities and vehicles, while expanding heavy-polluting domestic oil production and nuclear power generation.
The legislation, which is certain to face tough opposition from Republicans and even some Democrats, will be formally unveiled on Wednesday by Democratic Senator John Kerry and Independent Senator Joseph Lieberman.
There is no guarantee the bill will even be debated this year and it is unclear whether a massive oil spill in the Gulf of Mexico will hamper the legislation or prompt a more urgent look at U.S. energy and environmental policy. [ID:nN11246329]
A summary of the long-delayed bill, obtained by Reuters on Tuesday, contained few surprises as many details had leaked out over the past several weeks. [ID:nN11126331]
At the core of the bill is a goal to cut U.S. carbon emissions by 17 percent by 2020. But the summary did not address several questions, such as how new pollution permits would be distributed or sold to electric power utilities.
The bill also contains tax and loan guarantee incentives to expand nuclear power generation. Offshore oil drilling also would get a new boost from Washington.
Both steps are aimed at building more support from senators than a climate-only bill would get.
But in the wake of the oil spill in the Gulf of Mexico that began in April, the proposal includes protections for coastal states that do not want oil drilling off their shores.
The climate bill would be Kerry's counteroffer to the House of Representatives, which passed a somewhat different version of climate control legislation nearly a year ago.
It aims to back commitments President Barack Obama made to world leaders in December that the United States would get serious for the first time about cutting emissions, which many experts say will wreak havoc on the planet if left unchecked.
About 6.4 billion metric tonnes of the gases are sent into the atmosphere each year by coal- and oil-burning electric utilities, factories, refineries and vehicles in the United States, a level of pollution that is second only to China.
Like the House-passed bill, the Kerry-Lieberman bill tries to cut carbon emissions by more than 80 percent by 2050.
It is expected to require utilities to obtain a dwindling number of pollution permits for every tonne of carbon they emit starting in 2013, similar to the broader cap-and-trade system passed by the House. Those permits would be traded on a regulated market.
European countries, as well as a group of northeastern U.S. states, already have cap-and-trade programs in place with trading done regionally. If passed, the federal legislation would end state and regional programs.
'FRESH EYES'
Aware of broadly held Senate skepticism over the bill's chances this year, Kerry called on his colleagues "to look at it with fresh eyes."
November's congressional elections are likely to result in a dilution of Democrats' power in Congress, making it harder to approve sweeping energy and environmental legislation in 2011.
"Everyone knows this is Congress's last, best chance to pass comprehensive climate and energy legislation," Kerry said. If it fails, he added, "Congress will be rendered incapable of solving this issue."
Kerry has pumped sweeteners into the legislation -- from incentives to expand nuclear power capacity to federal aid for developing "clean coal" -- in a gambit to lure the backing of big business and ultimately Senate Republicans.
Many utilities with big investments in low-carbon nuclear power, natural gas or wind and solar power hope to benefit from a crackdown on greenhouse gases.
Utilities such as FPL Group (FPL.N), Duke Energy (DUK.N) and Exelon (EXC.N) have lobbied for the climate bill, as has General Electric (GE.N), a manufacturer of clean coal and natural gas systems for power plants and wind turbines.
Climate bill supporters cast the initiative as a major step toward reducing U.S. reliance on foreign oil and, in the process, shoring up national security. They argue it also would plant the seeds for green jobs during tough economic times, as fossil fuels would be replaced by solar, wind and other clean energy projects.
But a fundamental shift in the kinds of energy used also pits coal and oil states in the Midwest and Southeast against coastal and other interior states that already are positioned to cash in on clean energy industries.
WHERE IS LINDSEY GRAHAM?
The Senate launch of the bill likely will be overshadowed by an absent player -- Republican Senator Lindsey Graham -- who spent about six months collaborating with Kerry and Lieberman, only to drop out late in the game.
Graham spoiled an April 26 unveiling of the legislation, protesting Senate Democratic leaders' plans to put immigration reform on a fast-track this election year. He complained the maneuver meant the climate bill would not get serious consideration in an already tight legislative calendar.
By last week, with oil gushing from the floor of the Gulf of Mexico, Graham was calling for a "pause" in climate control efforts. He said he feared the oil slick, which threatens the shores of four southern U.S. states, would ruin chances for expanding offshore oil drilling in the climate bill.
As a result, Kerry's efforts to get Graham back on board collapsed.
It is unknown whether the work Kerry and Lieberman are touting will interest any of the Senate's 40 other Republicans. A handful are needed to ensure passage.
A new U.S. Senate bill aimed at battling global warming would impose new limits on carbon dioxide pollution from factories, utilities and vehicles, while expanding heavy-polluting domestic oil production and nuclear power generation.
The legislation, which is certain to face tough opposition from Republicans and even some Democrats, will be formally unveiled on Wednesday by Democratic Senator John Kerry and Independent Senator Joseph Lieberman.
There is no guarantee the bill will even be debated this year and it is unclear whether a massive oil spill in the Gulf of Mexico will hamper the legislation or prompt a more urgent look at U.S. energy and environmental policy. [ID:nN11246329]
A summary of the long-delayed bill, obtained by Reuters on Tuesday, contained few surprises as many details had leaked out over the past several weeks. [ID:nN11126331]
At the core of the bill is a goal to cut U.S. carbon emissions by 17 percent by 2020. But the summary did not address several questions, such as how new pollution permits would be distributed or sold to electric power utilities.
The bill also contains tax and loan guarantee incentives to expand nuclear power generation. Offshore oil drilling also would get a new boost from Washington.
Both steps are aimed at building more support from senators than a climate-only bill would get.
But in the wake of the oil spill in the Gulf of Mexico that began in April, the proposal includes protections for coastal states that do not want oil drilling off their shores.
The climate bill would be Kerry's counteroffer to the House of Representatives, which passed a somewhat different version of climate control legislation nearly a year ago.
It aims to back commitments President Barack Obama made to world leaders in December that the United States would get serious for the first time about cutting emissions, which many experts say will wreak havoc on the planet if left unchecked.
About 6.4 billion metric tonnes of the gases are sent into the atmosphere each year by coal- and oil-burning electric utilities, factories, refineries and vehicles in the United States, a level of pollution that is second only to China.
Like the House-passed bill, the Kerry-Lieberman bill tries to cut carbon emissions by more than 80 percent by 2050.
It is expected to require utilities to obtain a dwindling number of pollution permits for every tonne of carbon they emit starting in 2013, similar to the broader cap-and-trade system passed by the House. Those permits would be traded on a regulated market.
European countries, as well as a group of northeastern U.S. states, already have cap-and-trade programs in place with trading done regionally. If passed, the federal legislation would end state and regional programs.
'FRESH EYES'
Aware of broadly held Senate skepticism over the bill's chances this year, Kerry called on his colleagues "to look at it with fresh eyes."
November's congressional elections are likely to result in a dilution of Democrats' power in Congress, making it harder to approve sweeping energy and environmental legislation in 2011.
"Everyone knows this is Congress's last, best chance to pass comprehensive climate and energy legislation," Kerry said. If it fails, he added, "Congress will be rendered incapable of solving this issue."
Kerry has pumped sweeteners into the legislation -- from incentives to expand nuclear power capacity to federal aid for developing "clean coal" -- in a gambit to lure the backing of big business and ultimately Senate Republicans.
Many utilities with big investments in low-carbon nuclear power, natural gas or wind and solar power hope to benefit from a crackdown on greenhouse gases.
Utilities such as FPL Group (FPL.N), Duke Energy (DUK.N) and Exelon (EXC.N) have lobbied for the climate bill, as has General Electric (GE.N), a manufacturer of clean coal and natural gas systems for power plants and wind turbines.
Climate bill supporters cast the initiative as a major step toward reducing U.S. reliance on foreign oil and, in the process, shoring up national security. They argue it also would plant the seeds for green jobs during tough economic times, as fossil fuels would be replaced by solar, wind and other clean energy projects.
But a fundamental shift in the kinds of energy used also pits coal and oil states in the Midwest and Southeast against coastal and other interior states that already are positioned to cash in on clean energy industries.
WHERE IS LINDSEY GRAHAM?
The Senate launch of the bill likely will be overshadowed by an absent player -- Republican Senator Lindsey Graham -- who spent about six months collaborating with Kerry and Lieberman, only to drop out late in the game.
Graham spoiled an April 26 unveiling of the legislation, protesting Senate Democratic leaders' plans to put immigration reform on a fast-track this election year. He complained the maneuver meant the climate bill would not get serious consideration in an already tight legislative calendar.
By last week, with oil gushing from the floor of the Gulf of Mexico, Graham was calling for a "pause" in climate control efforts. He said he feared the oil slick, which threatens the shores of four southern U.S. states, would ruin chances for expanding offshore oil drilling in the climate bill.
As a result, Kerry's efforts to get Graham back on board collapsed.
It is unknown whether the work Kerry and Lieberman are touting will interest any of the Senate's 40 other Republicans. A handful are needed to ensure passage.
Isramart:EU carbon reverses losses, closes up 3 percent on oil
Isramart news:
European carbon prices recovered earlier losses and surged on Tuesday afternoon to close up nearly 3 percent, boosted by higher oil and German power prices, traders said.
Dec-10 EU Allowance futures closed near the day's high at 15.71 euros per tonne, up 45 cents or 2.95 percent on volumes of 20,301 lots traded.
The benchmark futures slid from the market's open, falling to an 8-day low of 14.93 euros, down 33 cents or 2.2 percent, before starting to climb back around 1230 GMT.
"Oil started rising from 1200 GMT when the U.S. market opened and traders saw the OPEC report, and the rest of the energy complex followed shortly thereafter," said one trader.
U.S. crude oil futures rose to over $77 a barrel after trading as low as $75.36 earlier in the session, down $1.44, with refined products supportive and as OPEC raised its forecast for demand growth.
OPEC raised its estimate for world oil demand growth in 2010 for a third successive month on Tuesday, but its figures showed economic recovery would not be sufficient to wipe out a surplus of supply this year.
This was enough to boost German power and carbon prices, trader said.
German Calendar 2011 baseload power climbed back from a session low of 51.85 euros per megawatt hour to 52.65 euros by 1600 GMT, still down 75 cents on the day.
Nearby British natural gas futures slipped by 0.8 pence or 2.1 percent at 38.30 pence per therm.
Despite Tuesday's gain, Dec-10 EUAs are still down more than 1 euro since hitting a 17-month high of 16.73 euros last Tuesday.
Benchmark Dec-10 CER futures also gained on the back of stronger EUA prices, adding 28 cents or 2.1 percent to close at 13.41 euros a tonne. This set the EUA-CER spread at 2.30 euros.
Outside the EU emissions trading scheme, China could impose a carbon tax as soon as 2012, and officials have proposed it start from 10 yuan ($1.46) to 20 yuan per tonne of carbon dioxide, a Chinese newspaper said on Tuesday.
And Indian greenhouse gas emissions reached 1.9 billion tonnes in 2007 up 58 percent on 1.2 billion tonnes recorded in 1994, according to a rare official report.
European carbon prices recovered earlier losses and surged on Tuesday afternoon to close up nearly 3 percent, boosted by higher oil and German power prices, traders said.
Dec-10 EU Allowance futures closed near the day's high at 15.71 euros per tonne, up 45 cents or 2.95 percent on volumes of 20,301 lots traded.
The benchmark futures slid from the market's open, falling to an 8-day low of 14.93 euros, down 33 cents or 2.2 percent, before starting to climb back around 1230 GMT.
"Oil started rising from 1200 GMT when the U.S. market opened and traders saw the OPEC report, and the rest of the energy complex followed shortly thereafter," said one trader.
U.S. crude oil futures rose to over $77 a barrel after trading as low as $75.36 earlier in the session, down $1.44, with refined products supportive and as OPEC raised its forecast for demand growth.
OPEC raised its estimate for world oil demand growth in 2010 for a third successive month on Tuesday, but its figures showed economic recovery would not be sufficient to wipe out a surplus of supply this year.
This was enough to boost German power and carbon prices, trader said.
German Calendar 2011 baseload power climbed back from a session low of 51.85 euros per megawatt hour to 52.65 euros by 1600 GMT, still down 75 cents on the day.
Nearby British natural gas futures slipped by 0.8 pence or 2.1 percent at 38.30 pence per therm.
Despite Tuesday's gain, Dec-10 EUAs are still down more than 1 euro since hitting a 17-month high of 16.73 euros last Tuesday.
Benchmark Dec-10 CER futures also gained on the back of stronger EUA prices, adding 28 cents or 2.1 percent to close at 13.41 euros a tonne. This set the EUA-CER spread at 2.30 euros.
Outside the EU emissions trading scheme, China could impose a carbon tax as soon as 2012, and officials have proposed it start from 10 yuan ($1.46) to 20 yuan per tonne of carbon dioxide, a Chinese newspaper said on Tuesday.
And Indian greenhouse gas emissions reached 1.9 billion tonnes in 2007 up 58 percent on 1.2 billion tonnes recorded in 1994, according to a rare official report.
Monday, May 3, 2010
Isramart: CRC will allow companies to reduce carbon footprint
Isramart news:
Businesses of all sizes and types will be able to curb their energy usage thanks to the Carbon Reduction Commitment (CRC).
This is according to the Environmental Industries Commission (EIC), which believes the CRC regulation, which took effect at the beginning of this month, will provide the necessary impetus for organisations to reduce their carbon footprint.
Under the terms of the regulation, all public and private sector organisations must boost energy efficiency in addition to cutting their carbon emissions, which is part of a wider drive to reduce Britain's CO2 output by 80 per cent by 2050.
Some 20,000 organisations will participate in CRC in some way, while 5,000 more will be fully involved.
EIC founder Adrian Wilkes said during a speech at Sustainabilitylive! that CRC is "an opportunity" for UK industries.
"It is clearly an opportunity for environmental companies, who rely on environmental policy, not just in the area of climate change but also tackling water pollution et cetera," he explained.
"But it is also an opportunity for the rest of British industry, in the sense that pollution, of whatever sort, is about inefficiency in British industry."
Businesses of all sizes and types will be able to curb their energy usage thanks to the Carbon Reduction Commitment (CRC).
This is according to the Environmental Industries Commission (EIC), which believes the CRC regulation, which took effect at the beginning of this month, will provide the necessary impetus for organisations to reduce their carbon footprint.
Under the terms of the regulation, all public and private sector organisations must boost energy efficiency in addition to cutting their carbon emissions, which is part of a wider drive to reduce Britain's CO2 output by 80 per cent by 2050.
Some 20,000 organisations will participate in CRC in some way, while 5,000 more will be fully involved.
EIC founder Adrian Wilkes said during a speech at Sustainabilitylive! that CRC is "an opportunity" for UK industries.
"It is clearly an opportunity for environmental companies, who rely on environmental policy, not just in the area of climate change but also tackling water pollution et cetera," he explained.
"But it is also an opportunity for the rest of British industry, in the sense that pollution, of whatever sort, is about inefficiency in British industry."
Isramart:Risks associated with carbon emissions are rising, according to NPower survey of business opinion on energy use
Isramart news:
Carbon emissions now present the same level of risk to businesses as health and safety, staff risks, legislation and security, according to NPower's Business Energy Index.
The survey, which tracks business opinion on energy use and carbon emissions, found energy was rated at six out of 10 in terms of the risk it places on businesses, second only to cash flow and legislative risks.
For major energy users specifically, energy was seen as the primary business risk, outstripping even staff and cash risks, typically among businesses' principal considerations.
Half of businesses said energy risks have become higher-profile in their organisation in the past three years as the considerations around energy use multiply.
Despite the priority attached to energy, strategies for managing energy risk are less developed than for all the other risks businesses face. Just 65% of respondents said they have a strategy for managing energy risks compared with 81% that have plans in place for cash risks and 80% for health and safety risks.
Dave Cockshott, corporate markets director at Npower said: "The way in which energy is used is changing rapidly and businesses are facing new pressures all the time. Price volatility, carbon reduction, climate change legislation, reputation and security of supply are now among the chief concerns that businesses face in their energy use, many of which have increased exponentially in the past five years. It's making it increasingly important that energy is managed with the same priority and detail as all other risks businesses face - it can no longer be a secondary consideration."
Carbon emissions now present the same level of risk to businesses as health and safety, staff risks, legislation and security, according to NPower's Business Energy Index.
The survey, which tracks business opinion on energy use and carbon emissions, found energy was rated at six out of 10 in terms of the risk it places on businesses, second only to cash flow and legislative risks.
For major energy users specifically, energy was seen as the primary business risk, outstripping even staff and cash risks, typically among businesses' principal considerations.
Half of businesses said energy risks have become higher-profile in their organisation in the past three years as the considerations around energy use multiply.
Despite the priority attached to energy, strategies for managing energy risk are less developed than for all the other risks businesses face. Just 65% of respondents said they have a strategy for managing energy risks compared with 81% that have plans in place for cash risks and 80% for health and safety risks.
Dave Cockshott, corporate markets director at Npower said: "The way in which energy is used is changing rapidly and businesses are facing new pressures all the time. Price volatility, carbon reduction, climate change legislation, reputation and security of supply are now among the chief concerns that businesses face in their energy use, many of which have increased exponentially in the past five years. It's making it increasingly important that energy is managed with the same priority and detail as all other risks businesses face - it can no longer be a secondary consideration."
Isramart: Carbon mitigation, carbon market opportunities for biofuels
Isramart news:
In Washington at the Advanced Biofuels Leadership Conference, Rick Gilmore, President/CEO of The GIC Group discussed possible carbon mitigation strategies which the biofuel industry could pursue as U.S. regulations and mandates come online. Of key interest to industry players, Gilmore highlighted the potential revenue gains which biofuels stand to receive through carbon markets. “All of these new biofuel production technologies, improved feedstocks, yield increases- these are efficiency gains; and our GIC-ACI (Ag Carbon Index) measures that increased value and maximizes that value over time,” said Gilmore. The GIC-ACI is a first mover product that responds to a missing link in the low-carbon economy and will facilitate the biofuel industry in meeting marketplace challenges. According to Gilmore, GIC’s index provides all players in the biofuel and agribusiness sector a benchmark and a hedging vehicle for carbon offset opportunities worldwide.
In Gilmore’s presentation, he explained that the biofuel industry could use the index to capture the financial risks and benefits associated with a firm’s carbon footprint and the introduction of new production technologies or biofuel feedstocks. Further, second and third generation biofuels like algae or camelina, will benefit from carbon offset revenues through the index’s ability to reflect the full value of their biofuel efficiencies. GIC and its partner, Clear Carbon, are currently working with clients to determine their footprints and monetize their carbon strategies through the use of GIC-ACI. They are also developing protocols for clients on new products.
In Gilmore’s presentation, he underscored the fact that the biofuel fuel industry has carbon mitigation strategies which have focused only on production agriculture, which fails to address the equally important secondary industries, such as new biofuel production technology, feedstocks, as well as fertilizer, manufacturing, and seed companies. According to GIC, production agriculture and related secondary industries account for between 10 and 35 percent of developing and developed countries’ emissions. “Treating production agriculture and related secondary industries as two separate entities ignores the interrelated and global nature of agribusiness,” said Dr. Gilmore. “Moreover, it also substantially underestimates the biofuel industry’s potential for mitigating GHG emissions.”
In his presentation, Gilmore pointed out the biofuels producers can utilize the index as a hedge strategy to manage the risk of potential fluctuations in the carbon price. GIC is now in road show for GIC-ACI. “We’re ready to register the index. Investor interest is strong,” Gilmore said, “and the timeline is short.” The Advanced Biofuels Leadership Conference presentation occasioned investor meetings on the index and a broad range of discussions on GIC and Clear Carbon’s joint services now underway.
Gilmore stressed that the forecast for continued growth of primary and secondary markets for GHG related credits underscores the importance of introducing an index for global agribusiness now. “Not only will our index help the biofuel industry make better financial decisions in a carbon constrained economy,” Gilmore concluded, “but it will introduce a new revenue stream in which all sectors of global agriculture participate either directly or indirectly.”
In Washington at the Advanced Biofuels Leadership Conference, Rick Gilmore, President/CEO of The GIC Group discussed possible carbon mitigation strategies which the biofuel industry could pursue as U.S. regulations and mandates come online. Of key interest to industry players, Gilmore highlighted the potential revenue gains which biofuels stand to receive through carbon markets. “All of these new biofuel production technologies, improved feedstocks, yield increases- these are efficiency gains; and our GIC-ACI (Ag Carbon Index) measures that increased value and maximizes that value over time,” said Gilmore. The GIC-ACI is a first mover product that responds to a missing link in the low-carbon economy and will facilitate the biofuel industry in meeting marketplace challenges. According to Gilmore, GIC’s index provides all players in the biofuel and agribusiness sector a benchmark and a hedging vehicle for carbon offset opportunities worldwide.
In Gilmore’s presentation, he explained that the biofuel industry could use the index to capture the financial risks and benefits associated with a firm’s carbon footprint and the introduction of new production technologies or biofuel feedstocks. Further, second and third generation biofuels like algae or camelina, will benefit from carbon offset revenues through the index’s ability to reflect the full value of their biofuel efficiencies. GIC and its partner, Clear Carbon, are currently working with clients to determine their footprints and monetize their carbon strategies through the use of GIC-ACI. They are also developing protocols for clients on new products.
In Gilmore’s presentation, he underscored the fact that the biofuel fuel industry has carbon mitigation strategies which have focused only on production agriculture, which fails to address the equally important secondary industries, such as new biofuel production technology, feedstocks, as well as fertilizer, manufacturing, and seed companies. According to GIC, production agriculture and related secondary industries account for between 10 and 35 percent of developing and developed countries’ emissions. “Treating production agriculture and related secondary industries as two separate entities ignores the interrelated and global nature of agribusiness,” said Dr. Gilmore. “Moreover, it also substantially underestimates the biofuel industry’s potential for mitigating GHG emissions.”
In his presentation, Gilmore pointed out the biofuels producers can utilize the index as a hedge strategy to manage the risk of potential fluctuations in the carbon price. GIC is now in road show for GIC-ACI. “We’re ready to register the index. Investor interest is strong,” Gilmore said, “and the timeline is short.” The Advanced Biofuels Leadership Conference presentation occasioned investor meetings on the index and a broad range of discussions on GIC and Clear Carbon’s joint services now underway.
Gilmore stressed that the forecast for continued growth of primary and secondary markets for GHG related credits underscores the importance of introducing an index for global agribusiness now. “Not only will our index help the biofuel industry make better financial decisions in a carbon constrained economy,” Gilmore concluded, “but it will introduce a new revenue stream in which all sectors of global agriculture participate either directly or indirectly.”
Isramart:Are we on track for a low carbon revolution?
Isramart news:
Environmental pressure group WWF has spelled out what it believes is required if the UK is to meet its own carbon targets and lead the global low carbon revolution.
Speaking at Sustainable Business - the Event the organisation's head of business relations Dax Lovegrove gave his views on where we're doing well and what will need to change if we're to make genuine progress towards a low-carbon society.
"What we need to do is transform our high carbon sectors," he said.
"The other thing we need to do is ensure that low carbon industries are really taking off and displacing high carbon business."
Latest Poll
Which of the main political parties is the greenest?
Supplier Links
» Energy & Carbon
» Sustainable Business
27 April 2010
Are we on track for a low carbon revolution?
Are we on track for a low carbon revolution?
Environmental pressure group WWF has spelled out what it believes is required if the UK is to meet its own carbon targets and lead the global low carbon revolution.
Speaking at Sustainable Business - the Event the organisation's head of business relations Dax Lovegrove gave his views on where we're doing well and what will need to change if we're to make genuine progress towards a low-carbon society.
"What we need to do is transform our high carbon sectors," he said.
"The other thing we need to do is ensure that low carbon industries are really taking off and displacing high carbon business."
He said that a WWF report found that low carbon, clean tech industries needed to be starting to grow by 20% per year by 2014 to be 'on track'.
"That's an ambitious but feasible growth rate for any new industry to start taking off," he said.
"That pace means that clean tech industries will be able to flourish after 2014 competitively in a free market. If we don't achieve that goal we'll require massive government interventions.
"We've got a very short window to get the frameworks and policy right."
Looking at the question of whether the UK is likely to meet this kind of transformation, he said that there were some key industries that appeared to be 're-carbonising' such as oil, gas and aviation, while others such as car manufacture, the food sector and the power sector showed positive signs.
"We are seeing a real turning point," he said.
"We're not on track yet but the signs are encouraging."
Environmental pressure group WWF has spelled out what it believes is required if the UK is to meet its own carbon targets and lead the global low carbon revolution.
Speaking at Sustainable Business - the Event the organisation's head of business relations Dax Lovegrove gave his views on where we're doing well and what will need to change if we're to make genuine progress towards a low-carbon society.
"What we need to do is transform our high carbon sectors," he said.
"The other thing we need to do is ensure that low carbon industries are really taking off and displacing high carbon business."
Latest Poll
Which of the main political parties is the greenest?
Supplier Links
» Energy & Carbon
» Sustainable Business
27 April 2010
Are we on track for a low carbon revolution?
Are we on track for a low carbon revolution?
Environmental pressure group WWF has spelled out what it believes is required if the UK is to meet its own carbon targets and lead the global low carbon revolution.
Speaking at Sustainable Business - the Event the organisation's head of business relations Dax Lovegrove gave his views on where we're doing well and what will need to change if we're to make genuine progress towards a low-carbon society.
"What we need to do is transform our high carbon sectors," he said.
"The other thing we need to do is ensure that low carbon industries are really taking off and displacing high carbon business."
He said that a WWF report found that low carbon, clean tech industries needed to be starting to grow by 20% per year by 2014 to be 'on track'.
"That's an ambitious but feasible growth rate for any new industry to start taking off," he said.
"That pace means that clean tech industries will be able to flourish after 2014 competitively in a free market. If we don't achieve that goal we'll require massive government interventions.
"We've got a very short window to get the frameworks and policy right."
Looking at the question of whether the UK is likely to meet this kind of transformation, he said that there were some key industries that appeared to be 're-carbonising' such as oil, gas and aviation, while others such as car manufacture, the food sector and the power sector showed positive signs.
"We are seeing a real turning point," he said.
"We're not on track yet but the signs are encouraging."
Isramart: Siemens construieste un parc eolian in Bulgaria
Isramart news:
Compania germana Siemens va investi 297,7 milioane de dolari in constructia unei centrale eoliene de 140 de megawati in Bulgaria, a anuntat ministrul bulgar al Energiei, citat de Reuters.
Innovative Wind Concepts, un joint venture intre ramura financiara a Siemens – SPV si operatorul de parcuri eoliene Windkraft Nord, va instala 59 de turbine eoliene in nord-estul Bulgariei, langa coasta de la Marea Neagra pana la inceputul anului 2013. Productia anuala a turbinelor este estimata la 350,000 MWh, a spus ministrul.
Proiectele de energie eoliana din Bulgaria s-au inmultit in ultimii ani pe masura ce investitorii au profitat de schemele de stimulare pentru producerea energiei din surse regenerabile. “Explozia” de investitori a fortat Bulgaria sa inaspreasca regulile pentru noi centrale si a propus o interdictie de construire a parcurilor solare si eoliene pe teren arabil din cauza temerilor ca “boom”-ul energetic ar cauza instabilitatea retelei de energie si cresterea preturilor.
Compania germana Siemens va investi 297,7 milioane de dolari in constructia unei centrale eoliene de 140 de megawati in Bulgaria, a anuntat ministrul bulgar al Energiei, citat de Reuters.
Innovative Wind Concepts, un joint venture intre ramura financiara a Siemens – SPV si operatorul de parcuri eoliene Windkraft Nord, va instala 59 de turbine eoliene in nord-estul Bulgariei, langa coasta de la Marea Neagra pana la inceputul anului 2013. Productia anuala a turbinelor este estimata la 350,000 MWh, a spus ministrul.
Proiectele de energie eoliana din Bulgaria s-au inmultit in ultimii ani pe masura ce investitorii au profitat de schemele de stimulare pentru producerea energiei din surse regenerabile. “Explozia” de investitori a fortat Bulgaria sa inaspreasca regulile pentru noi centrale si a propus o interdictie de construire a parcurilor solare si eoliene pe teren arabil din cauza temerilor ca “boom”-ul energetic ar cauza instabilitatea retelei de energie si cresterea preturilor.
Isramart:Spania si Japonia vor sa cumpere certificate de emisii de dioxid de carbon din Romania
Isramart news:Spania si Japonia sunt interesate sa cumpere certificatele de emisii de dioxid de carbon pe care Guvernul intentioneaza sa le vanda in urmatoarea perioada. "Nu am pornit negocierile oficiale, dar stim ca unele tari sunt interesate: Spania, Japonia. Vom porni negocierile dupa ce avem legislatia pusa la punct", a declarat Laszlo Borbely. Pana acum a fost aprobata ordonanta care permite vanzarea acestor certificate, insa mai trebuie adoptat actul normativ privind investitiile care pot fi facute cu banii obtinuti.
"Saptamana viitoare avem in sedinta o hotarare care prevede unde poti sa te duci cu acesti bani", a declarat ministrul Mediului, Laszlo Borbely.
Ministrul a mai spus ca in ceea ce priveste tranzactionarea certificatelor, Romania se afla in intarziere. "Trebuie sa spunem ca Romania este intarziata in acest proces, s-au pierdut doi ani. Cand am venit la minister, am luat legatura cu ministrul Economiei si in doua luni avem ordonanta de urgenta, la baza, in legatura cu contractul de stat, fara de care nu se poate porni negocierea", a precizat Borbely. Potrivit acestuia, Romania are un avantaj prin faptul ca dupa 1989, au fost inchise multe fabrici care erau poluante, si s-a ajuns la un surplus de certificate pentru emisii de CO2 care pot fi vandute.
In urma vanzarii certificatelor, Romania ar putea obtine circa doua miliarde de euro.
Tipurile de proiecte care pot fifinantate din vanzarea surplusului de AAU-uri:
* tehnologii curate, incluzand, fara a se limita la, gazeificarea carbunelui, cogenerare de inalta eficienta;
* modernizarea si reabilitatea grupurilor energetice;
* cresterea productiei de energie din surse regenerabile;
* imbunatatirea utilizarii eficiente a energiei in cladiri;
* reducerea emisiilor de gaze cu efect de sera in agricultura;
* reducerea emisiilor de gaze cu efect de sera in transporturi, prin stimularea utilizarii autovehiculelor hibrid si a celor electrice;
* impadurirea unor suprafete de terenuri, inclusiv a terenurilor agricole degradate;
* managementul deseurilor cu reducerea emisiilor de gaze cu efect de sera.
"Saptamana viitoare avem in sedinta o hotarare care prevede unde poti sa te duci cu acesti bani", a declarat ministrul Mediului, Laszlo Borbely.
Ministrul a mai spus ca in ceea ce priveste tranzactionarea certificatelor, Romania se afla in intarziere. "Trebuie sa spunem ca Romania este intarziata in acest proces, s-au pierdut doi ani. Cand am venit la minister, am luat legatura cu ministrul Economiei si in doua luni avem ordonanta de urgenta, la baza, in legatura cu contractul de stat, fara de care nu se poate porni negocierea", a precizat Borbely. Potrivit acestuia, Romania are un avantaj prin faptul ca dupa 1989, au fost inchise multe fabrici care erau poluante, si s-a ajuns la un surplus de certificate pentru emisii de CO2 care pot fi vandute.
In urma vanzarii certificatelor, Romania ar putea obtine circa doua miliarde de euro.
Tipurile de proiecte care pot fifinantate din vanzarea surplusului de AAU-uri:
* tehnologii curate, incluzand, fara a se limita la, gazeificarea carbunelui, cogenerare de inalta eficienta;
* modernizarea si reabilitatea grupurilor energetice;
* cresterea productiei de energie din surse regenerabile;
* imbunatatirea utilizarii eficiente a energiei in cladiri;
* reducerea emisiilor de gaze cu efect de sera in agricultura;
* reducerea emisiilor de gaze cu efect de sera in transporturi, prin stimularea utilizarii autovehiculelor hibrid si a celor electrice;
* impadurirea unor suprafete de terenuri, inclusiv a terenurilor agricole degradate;
* managementul deseurilor cu reducerea emisiilor de gaze cu efect de sera.
Isramart: EU carbon prices lift to 7-month high
Isramart news:
The EU carbon market has hit seven-month highs in April on the back of higher energy prices and expectations of tighter demand for EUA permits in future years. The benchmark carbon price, over the futures contract for December 2010 delivery, closed at €15.10 on April 27 on the European Climate Exchange after topping €15.60 the day before.
Higher gas and oil prices have driven the carbon market higher along with tightening demand by power sector compliance buyers looking ahead to future years. The combination has seen EUA prices break out of the €12 to €14 range in which they had been stuck since December, amid subdued market conditions following the disappointments of the Copenhagen climate conference.
Carbon prices follow oil and gas prices higher because power utilities react by switching to dirtier-burning coal, thus increasing the emissions footprint of their power production and demand for emissions permits to match.
But demand among EU power companies also appears to be rising amid expectations that supply of permits will tighten in future years. EUAs on issue in the current market phase until 2012 can be banked for use in the next phase from 2013 to 2020. It appears compliance buyers are increasing purchases at current low prices, or hanging onto existing holdings, for this purpose.
Fewer permits are now expected to be put up for auction in future by authorities than first expected to help wind back a surplus that has emerged during the global recession. Added to that is anticipation in the market that the EU may move tighten its 2020 emissions reduction target from 20 per cent below 1990 levels to as high as 30 per cent. Bloomberg reports EU Climate Commissioner Connie Hedegaard saying that a report expected in June will probably conclude that the tightening is affordable.
The equivalent benchmark CER futures price tracked EUAs up and closed at €13.60 on April 27. However, later dated futures prices continue to lag on a backward forward price curve due to doubts over the delivery of the Kyoto credits closer to 2012 and the future of the UN CDM thereafter.
The EU carbon market has hit seven-month highs in April on the back of higher energy prices and expectations of tighter demand for EUA permits in future years. The benchmark carbon price, over the futures contract for December 2010 delivery, closed at €15.10 on April 27 on the European Climate Exchange after topping €15.60 the day before.
Higher gas and oil prices have driven the carbon market higher along with tightening demand by power sector compliance buyers looking ahead to future years. The combination has seen EUA prices break out of the €12 to €14 range in which they had been stuck since December, amid subdued market conditions following the disappointments of the Copenhagen climate conference.
Carbon prices follow oil and gas prices higher because power utilities react by switching to dirtier-burning coal, thus increasing the emissions footprint of their power production and demand for emissions permits to match.
But demand among EU power companies also appears to be rising amid expectations that supply of permits will tighten in future years. EUAs on issue in the current market phase until 2012 can be banked for use in the next phase from 2013 to 2020. It appears compliance buyers are increasing purchases at current low prices, or hanging onto existing holdings, for this purpose.
Fewer permits are now expected to be put up for auction in future by authorities than first expected to help wind back a surplus that has emerged during the global recession. Added to that is anticipation in the market that the EU may move tighten its 2020 emissions reduction target from 20 per cent below 1990 levels to as high as 30 per cent. Bloomberg reports EU Climate Commissioner Connie Hedegaard saying that a report expected in June will probably conclude that the tightening is affordable.
The equivalent benchmark CER futures price tracked EUAs up and closed at €13.60 on April 27. However, later dated futures prices continue to lag on a backward forward price curve due to doubts over the delivery of the Kyoto credits closer to 2012 and the future of the UN CDM thereafter.
Isramart:Guvernul a dat unda verde vanzarii certificatelor de emisii de dioxid de carbon. Romania ar putea obtine circa doua miliarde de euro
Isramart news:
Guvernul a aprobat Hotararea privind modul in care vor fi cheltuite sumele obtinute in urma vanzarii certificatelor de emisii de dioxid de carbon (AAU-uri). Ministrul economiei, Adriean Videanu, sustine ca banii vor fi folositi atat pentru reabilitarea grupurilor energetice, cresterea productiei de energie din surse regenerabile, cat si pentru impaduriri. Banii ar putea fi folositi si pentru CET-urile pe care Ministerul Economiei le va prelua de la autoritatile locale. Imediat dupa ce intra actul normativ in vigoare, autoritatile romane vor incepe negocieri cu diverse state interesate sa cumpere certificate. Potrivit ministerului economiei, AAU-urile pot fi vandute Japoniei si statelor UE. In urma vanzarii certificatelor, Romania ar putea obtine circa doua miliarde de euro.
Videanu a mai afirmat ca in acest an ar putea fi valorificate 300 de milioane de unitati. Banii vor intra in Fondul de Mediu. Sumele obtinute din comercializarea surplusului de AAU-uri constituie sursa de finantare pentru proiectele care genereaza reduceri de emisii de gaze cu efect de sera, cu precadere in sectorul energetic, pentru pregatirea in vederea aplicarii pachetului legislativ schimbari climatice – energii regenerabile. Banii obtinuti se vor utiliza in proportie de 98% pentru investitii verzi si 2% pentru campanii de informare. Beneficiarii pot fi atat operatorii economici, cat si autoritatile statului.
Hotararea de Guvern privind investitiile verzi, aprobata miercuri, vine in completarea OUG 29/2010 privind valorificarea surplusului de AAU-uri care tocmai a fost publicat recent in Monitorul Oficial. Potrivit unei informatii transmisa de Ministerul Economiei la solicitarea HotNews.ro, "
Guvernul a aprobat Hotararea privind modul in care vor fi cheltuite sumele obtinute in urma vanzarii certificatelor de emisii de dioxid de carbon (AAU-uri). Ministrul economiei, Adriean Videanu, sustine ca banii vor fi folositi atat pentru reabilitarea grupurilor energetice, cresterea productiei de energie din surse regenerabile, cat si pentru impaduriri. Banii ar putea fi folositi si pentru CET-urile pe care Ministerul Economiei le va prelua de la autoritatile locale. Imediat dupa ce intra actul normativ in vigoare, autoritatile romane vor incepe negocieri cu diverse state interesate sa cumpere certificate. Potrivit ministerului economiei, AAU-urile pot fi vandute Japoniei si statelor UE. In urma vanzarii certificatelor, Romania ar putea obtine circa doua miliarde de euro.
Videanu a mai afirmat ca in acest an ar putea fi valorificate 300 de milioane de unitati. Banii vor intra in Fondul de Mediu. Sumele obtinute din comercializarea surplusului de AAU-uri constituie sursa de finantare pentru proiectele care genereaza reduceri de emisii de gaze cu efect de sera, cu precadere in sectorul energetic, pentru pregatirea in vederea aplicarii pachetului legislativ schimbari climatice – energii regenerabile. Banii obtinuti se vor utiliza in proportie de 98% pentru investitii verzi si 2% pentru campanii de informare. Beneficiarii pot fi atat operatorii economici, cat si autoritatile statului.
Hotararea de Guvern privind investitiile verzi, aprobata miercuri, vine in completarea OUG 29/2010 privind valorificarea surplusului de AAU-uri care tocmai a fost publicat recent in Monitorul Oficial. Potrivit unei informatii transmisa de Ministerul Economiei la solicitarea HotNews.ro, "
Isramart: Ne vindem drepturile de poluare ca sa luam 2 miliarde de euro!
Isramart news:
Guvernul a aprobat miercuri hotararea prin care se stabileste modul prin care statul poate vinde excedentul de astfel de certificate, echivalent cu circa 300 de milioane de tone de CO2, pentru perioada 2008 -2012.
Toate tarile semnatare ale Acordului de la Kyoto beneficiaza de un numar de astfel de certificate de emisie, corespunzatoare poluarii produse in anul de referinta 1989.
Deoarece activitatea industriala a scazut puternic, in Romania, in anii 90, tara noastra polueaza mult mai putin decat ar avea dreptul, asa ca certificatele excedentare pot fi vandute altor tari a caror industrie este mult mai activa.
Pentru fiecare tona de dioxid de carbon se emite un certificat de emisii, denumit unitate a cantitatii atribuite (AAU). Romania si-a asumat, in intervalul 2008-2012, reducerea cu 8% a emisiilor de gaze cu efect de sera, fata de nivelul anului 1989, procent similar cu cel convenit de Uniunea Europeana.
Pentru intervalul 2008-2012, Romania poate emite circa 1,279 miliarde tone de emisii de gaze cu efect de sera.
Prin vanzarea surplusului de certificate de emisii, autoritatile estimeaza ca vor obtine intre 1,2 si 2,5 miliarde euro.
Ministrul mediului, Borbely Laszlo, spunea luna trecuta ca exista deja discutii cu Japonia si Spania, tari interesate sa cumpere certificatele noastre. Pretul unuia este de 6,7 euro.
Guvernul a aprobat miercuri hotararea prin care se stabileste modul prin care statul poate vinde excedentul de astfel de certificate, echivalent cu circa 300 de milioane de tone de CO2, pentru perioada 2008 -2012.
Toate tarile semnatare ale Acordului de la Kyoto beneficiaza de un numar de astfel de certificate de emisie, corespunzatoare poluarii produse in anul de referinta 1989.
Deoarece activitatea industriala a scazut puternic, in Romania, in anii 90, tara noastra polueaza mult mai putin decat ar avea dreptul, asa ca certificatele excedentare pot fi vandute altor tari a caror industrie este mult mai activa.
Pentru fiecare tona de dioxid de carbon se emite un certificat de emisii, denumit unitate a cantitatii atribuite (AAU). Romania si-a asumat, in intervalul 2008-2012, reducerea cu 8% a emisiilor de gaze cu efect de sera, fata de nivelul anului 1989, procent similar cu cel convenit de Uniunea Europeana.
Pentru intervalul 2008-2012, Romania poate emite circa 1,279 miliarde tone de emisii de gaze cu efect de sera.
Prin vanzarea surplusului de certificate de emisii, autoritatile estimeaza ca vor obtine intre 1,2 si 2,5 miliarde euro.
Ministrul mediului, Borbely Laszlo, spunea luna trecuta ca exista deja discutii cu Japonia si Spania, tari interesate sa cumpere certificatele noastre. Pretul unuia este de 6,7 euro.
Isramart: Bursa Romana de Marfuri - BRM a tranzactionat 5% din plafonul de certificate CO2 alocat Romaniei
Isramart news:
BRM a tranzactionat 5% din plafonul de certificate CO2 alocat Romaniei In luna aprilie 2010, Bursa Romana de Marfuri a tranzactionat peste 5% din plafonul anual de certificate de emisii de gaze cu efect de sera alocat Romaniei. Tranzactiile s-au realizat pe platforma electronica a BRM in Ringul certificatelor CO2 pe Piata la disponibil. Electrocentrale Bucuresti si Electrocentrale Deva au vandut fiecare cate 1 milion certificate de emisii cu efect de sera (EUA) la pretul de 14,42 euro/certificat si, respectiv, 15,03 euro/certificat. Suma primita de Electrocentrale Bucuresti si Electrocentrale Deva totalizeaza valoarea de 29,45 milioane euro. Termica Suceava a schimbat, in data de 23.04.2010, un numar de 400.000 de certificate de emisii cu efect de sera (EUA) contra unui numar 200.000 unitati CER (reduceri de emisii certificate) si suma de 3,082 milioane euro. Ringul certificatelor CO2 afost lansat la BRM in luna ianuarie 2010 si se adreseaza tuturor detinatorilor de certificate, entitati de stat sau private.Detinatorii de certificate pot valorifica aceste titluri la BRM , prin lansarea ordinelor de schimb/vanzare de certificate in ringul de tranzactionare. Prima tranzactie de acest tip realizata la BRM a fost derulata de Electrocentrale Bucuresti in data de 09.04.2010. Pana in prezent, in ringul BRM au fost tranzactionate 3,8 milioane certificate de emisii de gaze cu efect de sera, ceea ce reprezinta peste 5% din plafonul anual alocat Romaniei in perioada 2008 - 2012, care se cifreaza la 75,9 milioane tone/an. Un certificat de emisii de gaze cu efect de sera confera dreptul de a emite o tona de dioxid de carbon echivalent intr-o perioada definita. Pentru perioada 2008 - 2012, plafonul european este 2,08 miliarde tone de emisii anual. Despre BRM: Bursa Romana de Marfuri este o companie privata de interes public, infiintata in noiembrie 1992, prima sedinta de tranzactionare avand loc in data de 10 decembrie 1992. In prezent, BRM a dezvoltat, in acord cu prevederile Legii nr. 357/2005, mai multe tipuri de piete de interes public, activitatea principala fiind axata pe Piata la disponibil si Piata licitatiilor. Pe Piata la disponibil se tranzactioneaza marfuri fungibile, standardizate, cotate la bursa de marfuri, in cele 9 ringuri: produse petroliere, energie electrica, gaze naturale, carbune, marfuri generale, materiale de constructii, legume si fructe, cereale si ringul contractelor de procesare combustibili. In anul 2007, BRM a emis in premiera pentru piata romaneasca primele cotatii la produse petroliere. Pe Piata licitatiilor se deruleaza proceduri de achizitii, vanzari, inchirieri si concesiuni, BRM fiind cel mai important consultant in domeniul achizitiilor publice de produse, servicii si lucrari pentru orice tip de autoritate contractanta. Activitatea BRM se desfasoara la sediul central din Bucuresti si prin reteaua teritoriala care numara 35 terminale. BIROUL DE PRESA Laura Severin Bursa Romana de Marfuri
BRM a tranzactionat 5% din plafonul de certificate CO2 alocat Romaniei In luna aprilie 2010, Bursa Romana de Marfuri a tranzactionat peste 5% din plafonul anual de certificate de emisii de gaze cu efect de sera alocat Romaniei. Tranzactiile s-au realizat pe platforma electronica a BRM in Ringul certificatelor CO2 pe Piata la disponibil. Electrocentrale Bucuresti si Electrocentrale Deva au vandut fiecare cate 1 milion certificate de emisii cu efect de sera (EUA) la pretul de 14,42 euro/certificat si, respectiv, 15,03 euro/certificat. Suma primita de Electrocentrale Bucuresti si Electrocentrale Deva totalizeaza valoarea de 29,45 milioane euro. Termica Suceava a schimbat, in data de 23.04.2010, un numar de 400.000 de certificate de emisii cu efect de sera (EUA) contra unui numar 200.000 unitati CER (reduceri de emisii certificate) si suma de 3,082 milioane euro. Ringul certificatelor CO2 afost lansat la BRM in luna ianuarie 2010 si se adreseaza tuturor detinatorilor de certificate, entitati de stat sau private.Detinatorii de certificate pot valorifica aceste titluri la BRM , prin lansarea ordinelor de schimb/vanzare de certificate in ringul de tranzactionare. Prima tranzactie de acest tip realizata la BRM a fost derulata de Electrocentrale Bucuresti in data de 09.04.2010. Pana in prezent, in ringul BRM au fost tranzactionate 3,8 milioane certificate de emisii de gaze cu efect de sera, ceea ce reprezinta peste 5% din plafonul anual alocat Romaniei in perioada 2008 - 2012, care se cifreaza la 75,9 milioane tone/an. Un certificat de emisii de gaze cu efect de sera confera dreptul de a emite o tona de dioxid de carbon echivalent intr-o perioada definita. Pentru perioada 2008 - 2012, plafonul european este 2,08 miliarde tone de emisii anual. Despre BRM: Bursa Romana de Marfuri este o companie privata de interes public, infiintata in noiembrie 1992, prima sedinta de tranzactionare avand loc in data de 10 decembrie 1992. In prezent, BRM a dezvoltat, in acord cu prevederile Legii nr. 357/2005, mai multe tipuri de piete de interes public, activitatea principala fiind axata pe Piata la disponibil si Piata licitatiilor. Pe Piata la disponibil se tranzactioneaza marfuri fungibile, standardizate, cotate la bursa de marfuri, in cele 9 ringuri: produse petroliere, energie electrica, gaze naturale, carbune, marfuri generale, materiale de constructii, legume si fructe, cereale si ringul contractelor de procesare combustibili. In anul 2007, BRM a emis in premiera pentru piata romaneasca primele cotatii la produse petroliere. Pe Piata licitatiilor se deruleaza proceduri de achizitii, vanzari, inchirieri si concesiuni, BRM fiind cel mai important consultant in domeniul achizitiilor publice de produse, servicii si lucrari pentru orice tip de autoritate contractanta. Activitatea BRM se desfasoara la sediul central din Bucuresti si prin reteaua teritoriala care numara 35 terminale. BIROUL DE PRESA Laura Severin Bursa Romana de Marfuri
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