Wednesday, April 14, 2021

New PostCO₂ price debate gathers speed within German grand coalition

More and more politicians from German Chancellor Angela Merkel’s grand coalition are showing openness to the idea of introducing a price on CO₂ and have entered a debate about its possible form and details, writes Konrad Schuller in Frankfurter Allgemeine Sonntagszeitung. While economy minister Peter Altmaier had long insisted the concept was not on the government’s agenda for this...

German government examines CO₂ price – media reports

The country’s transport ministry also wants the new climate cabinet, recently set up by Chancellor Angela Merkel, to debate CO₂ pricing in multiple sectors, according to ministry documents seen by Clean Energy Wire — although a CO₂ price was not included in the ministry’s draft recommendations for reducing transport emissions. ... An excerpt from Clean Energy Wire

British Steel gets £100m government loan to pay carbon bill

British Steel has secured a £100m loan from the government to pay its EU carbon bill, a source close to the company has said. The money means the private equity-owned firm will avoid a steep EU fine. The firm said earlier this month it needed the funds to settle its 2018 pollution bill due at the end of April.... An excerpt from...

EUが水素社会へのシフトを宣言。2030年までに1000万トンの再生可能水素生産を目指す (20.08.10~20.08.16)

…2020年7月8日、EU(欧州連合)が『A Hydrogen Strategy for a climate neutral Europe 』という宣言を発表しました。意訳すると「欧州が気候変動に対応するための戦略として水素を重視する」といったところでしょうか。...まず2020~2024年までに6ギガワットの電力を使い100万トンのリニューアブル水素を生み出す計画としています。続いて、2025~2030年には40ギガワットで1000万トンの水素を生産することを目指します。そうして2030年以降は、主たるエネルギーを水素としてCO2フリーの社会を築くというのが目標です。… An excerpt fromhttps://clicccar.com/2020/08/16/1003574/ - 20.08.10 (Mon.). Arctic wildfires emit more CO2 in two months than whole of 2019 | Dhaka Tribunehttps://www.dhakatribune.com/world/2020/08/09/arctic-wildfires-emit-more-co2-in-two-months-than-whole-of-2019 - 20.08.11 (Tue.). Australia sets out plans to store CO2 in oil and gas reservoirs - Energy Live Newshttps://www.energylivenews.com/2020/08/10/australia-sets-out-plans-to-store-co2-in-oil-and-gas-reservoirs/. BASF calculates CO2 footprint of all products - Packaging Europehttps://packagingeurope.com/basf-calculates-co2-footprint-of-all-products/ - 20.08.12 (Wen.). CO2 GRO Inc. Discusses Their...

British Steel Seeks £100 Million Government Loan After Being Left Out Of EU Scheme

British Steel is seeking a £100 million Government loan after failure to pass a Brexit deal left it out of an EU-wide carbon trading scheme, according to reports.British Steel is understood to be seeking the loan because of the EU’s decision to suspend usual permits for UK-based companies, under its carbon emissions trading system....An excerpt from Huffpost

21.02.08~20.02.14 London loses carbon futures trading to Amsterdam, in Brexit hit to City

...Intercontinental Exchange (ICE) today said it will move its trading of European carbon futures and options to its Netherlands-based exchange in Amsterdam from London during the second quarter, in the latest sign of financial activity leaving Britain for the bloc due to Brexit. ... EU carbon allowances (EUAs) are the currency used in the EUs emissions trading system (ETS), the 27-member...

EEX Reconfirms Its Support For The Development Of National ETS In China

In a 3-day technical workshop, EEX has engaged with staff of Shanghai Environment and Energy Exchange (CNEEEX) and other Chinese stakeholders, sharing its experience in the operation and supervision of an emissions trading platform. The workshop was organized by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) in cooperation with CNEEEX. In addition to EEX, the German Emissions Trading Authority (DEHSt)...

21.01.11~20.01.17 Prime Minister commits £3bn UK climate finance to supporting nature

... The Prime Minister Boris Johnson will today announce that the UK will commit at least £3 billion to climate change solutions that protect and restore nature and biodiversity over five years. The funding will be allocated from the UK’s existing commitment of £11.6bn for international climate finance and will deliver transformational change in protecting biodiversity-rich land and ocean, shifting...

21.01.25~20.01.31 President Biden Takes Executive Actions to Tackle the Climate Crisis at Home and Abroad, Create Jobs, and Restore Scientific Integrity Across Federal Government

President Biden Takes Executive Actions to Tackle the Climate Crisis at Home and Abroad, Create Jobs, and Restore Scientific Integrity Across Federal Government...President Biden set ambitious goals that will ensure America and the world can meet the urgent demands of the climate crisis, while empowering American workers and businesses to lead a clean energy revolution that achieves a carbon...

World Bank commits $22.5 billion more to Africa for climate change

"World Bank Group announced Thursday it is providing USD$22.5 billion to Africa for climate mitigation and adaptation across five years beginning with 2021, adding to the $17 billion already committed through the Africa Climate Business Plan. World Bank also announced an Emission Reductions Purchase Agreement (ERPA) will be signed between the Carbon Initiative for Development (Ci-Dev)trust fund, with World Bank...

20.12.21~20.12.27 What The EU-UK Agreement Says About Energy And Climate

...In a new agreement between the UK and EU that narrowly averts a no-deal Brexit, the two sides boast that there will be stronger cooperation on energy and climate.The UK said the agreement facilitates the development of "hybrid projects" in the North Sea that combine offshore wind farms and giant undersea cables known as interconnectors. The UK even dangled...

20.12.28~21.01.03 Germany rings in 2021 with CO2 tax, coal phase-out

...From January 1, 2021 the government will charge 25 euros ($30) per tonne of carbon dioxide emissions released by the transport and heating sectors.The pricetag was raised from the government's initially proposed 10 euros per tonne -- a number widely slammed as too low by Germany's Green party, environmentalists and scientists.The price will increase to 55 euros by 2025,...

Industry key to Labor’s climate plan

The 250 biggest polluters must either cut their emissions or buy credits to offset any above a baseline level, and they would again be allowed to buy from international markets. But experts say it might be a moot point with Australian abatement among the cheapest globally, at about $15 a tonne. While it is not clear yet which international markets Australian...

How Bird is working to make its scooters a truly sustainable transportation option

The scooter company Bird wants to make urban transportation more sustainable by replacing short car trips in cities. But this goal is made more difficult because the company has its own sustainability challenges: the pollution from trips taken to collect the electric scooters so that they can be charged, the power used for charging, and the short life of...

21.02.01~20.02.07 U.K.’s Boris Johnson Considers G-7 Bid on Green Border Levies

U.K. Prime Minister Boris Johnson is considering using his G-7 presidency to try to forge an alliance on carbon border taxes, according to two people familiar with the matter.As holder of the rotating G-7 presidency and host of global climate change talks in November, Johnson has said he wants to make cutting emissions a key priority for recovery efforts.As...

EU to publish preliminary 2018 emissions data on April 1

The European Commission will on April 1 release preliminary 2018 carbon emissions data from energy-intensive companies in Europe covered by its Emissions Trading System (ETS), ... An excerpt from Reuters"

Wolf says regional cap-and trade plan needs ‘serious’ look

Governor Tom Wolf said Monday he wants to take a serious look at Pennsylvania joining a consortium of states that sets caps on greenhouse gas emissions from power plants. The Democrat's comments came at a news conference touting his administration's efforts to fight climate change and set targets to slash Pennsylvania's future greenhouse gas emissions. Wolf's administration has previously issued a...

20.10.05~20.10.11 EU Parliament votes for 60% carbon emissions cut by 2030

The European Parliament voted on Tuesday (6 October) to update the EU’s climate target for 2030, backing a 60% reduction in greenhouse gas emissions by the end of the decade, up from 40% currently.Lawmakers in the EU assembly voted the proposed amendment on the 2030 target by 352 votes to 326, with 18 abstentions.... An excerpt from https://www.euractiv.com/section/energy-environment/news/eu-parliament-votes-for-60-carbon-emissions-cut-by-2030/ 20.10.05 (Mon.)Where Trump and...

21.01.18~20.01.24 Biden administration to unveil more climate policies, urges China to toughen emissions target

... A memo seen by Reuters on Thursday showed Biden will unveil a second round of executive orders as soon as Jan. 27 that include an omnibus order to combat climate change domestically and elevate the issue as a national security priority. ... Biden, a Democrat who took office on Jan. 20, quickly issued executive orders canceling the Keystone XL pipeline that...

NHL to purchase carbon offsets to counter playoff air travel

The National Hockey League said on Monday it would purchase carbon credits to offset airline emissions of heat-trapping greenhouse gases during the Stanley Cup playoffs. For the first round of the playoffs, which has the highest number of teams traveling and is currently underway, the NHL will offset more than 465 metric tons of carbon emissions, equivalent to taking 99...

20.11.09~20.11.15 THE BIDEN PLAN FOR A CLEAN ENERGY REVOLUTION AND ENVIRONMENTAL JUSTICE

Joe Biden knows there is no greater challenge facing our country and our world. That’s why he is outlining a bold plan – a Clean Energy Revolution – to address this grave threat and lead the world in addressing the climate emergency. The Biden Plan will:1. Ensure the U.S. achieves a 100% clean energy economy and reaches net-zero emissions no...

Smaller Impact From Carbon Tax In NS Due To ‘Cap And Trade’

On Monday, the federal government began levying its carbon tax on greenhouse gas-emitting fuels in four provinces that refused to take part in the national climate framework and create their own carbon pricing system.... An excerpt from CJLS

Members of the European Parliament urge California to exclude REDD from its cap and trade scheme: “Adopting the Tropical Forest Standard would water down climate ambition in California, the...

Last week, six Members of the European Parliament wrote to the California Air Resources Board urging the ARB to reject the proposed California Tropical Forest Standard. In November 2018, the ARB held a public meeting about the proposed Tropical Forest Standard. But the Board failed to reach a decision at that meeting. The EU has never allowed forest credits in...

Brazil leverages carbon markets for poor farmers

A carbon market in Brazil’s Amazon rainforest is distributing revenues to farmworkers rather than landowners.... An excerpt from Partners for Sustainability

21.03.08~20.03.14 European Parliament backs plan to price carbon at EU’s border

... The European Parliament on Wednesday (10 March) overwhelmingly endorsed the creation of a carbon border charge that would shield EU companies against cheaper imports from countries with weaker climate policies. The mechanism is intended to make sure that imports from outside Europe do not have an unfair advantage if manufactured with a bigger carbon footprint.To level the playing field, non-European...

World first soil carbon project a giant leap for humankind

The Grounds Keeping Project sequestered 11t CO2-e/ha on farm land between baseline and second round soil sampling over a period of 1 year. This level of sequestration is equivalent to what might be expected from an environmental plantings project in the same region. Furthermore, it is not taking land out of food production, meaning it is agriculture plus carbon...

Farming to be carbon-neutral if credit was given to pasture and hedges – Healy

Irish farming would achieve carbon-neutral status if permanent pasture and hedgerows received credit for the sequestration, IFA president Joe Healy has said. ... An excerpt from FarmersJournal

[UK] The deadline for UK operators to surrender allowances extended from 15 March 2019 to 26 March 2019.

"This legislation would extend the deadline for UK operators to surrender allowances from 15 March 2019 to 26 March 2019. The deadline for UK operators to report their 2018 emissions to their regulator remains 11 March 2019." An excerpt from Parliament UK

Brexit vote drives bullish EU ETS options market

"All of the open interest added yesterday was in call options with a strike price above the December 2019 contract's prevailing value — suggesting that options holders expect EU ETS prices to increase between now and December, when the contract expires." An excerpt from Argus Media

EU wants members to drop veto over possible carbon tax

The European Union's executive branch is proposing that individual member countries drop their right to veto decisions on energy taxes, a move that could facilitate the introduction of a carbon tax across the whole bloc. ... An excerpt from Kentucky