Emissions Trading News - October 19, 2013
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EU revives emissions charging plan
Non-European nations and airline groups angered by move to impose carbon fee
South China Morning Post
October 18, 2013
The European Union on Wednesday revived a proposal to charge foreign airlines for emissions over European airspace, drawing the ire of airline groups which say it goes against the spirit of a recent global aviation deal and could reignite trade tensions.
The proposal from the European Commission to cover the 2014-20 period represents a retreat from an existing, though frozen, EU law that would require all planes using EU airports to pay for emissions for the full duration of their flights through an emissions trading scheme.
But airline groups said it threatened to unravel a fragile agreement cobbled together during two weeks of tough negotiations at the United Nations' International Civil Aviation Organisation in Montreal, which ended this month.
Australia's Carbon Repeal – unveiled - carbon tax and carbon trading scheme to be repealed from 1 July 2014
Fiona Melville, Jenny K. Mee and Julia F. Smith (K&L Gates)
October 18, 2013
Draft legislation, published on 15 October 2013, sets out the Australian Government's plans to repeal the Clean Energy Act 2011 (Cth) and associated legislation1 (Carbon Acts) with effect from 1 July 2014. The impact, if passed, would be that the obligations of liable entities' to pay a price for carbon emissions will cease with effect from 1 July 2014.
Climate change: Gov. Inslee favors pollution cap, other steps to meet state emissions goals
By Brad Shannon — Olympian
Seattle News Tribune
October 14, 2013
Gov. Jay Inslee said Monday he supports an absolute cap on carbon-fuel emissions in Washington as one of a half-dozen ideas he thinks can get the state closer to reaching goals set in 2008 for cutting the greenhouse gas emissions linked to global warming.
China tests water for carbon market to discourage emissions
By Lucy Hornby in Beijing
October 10, 2013
A proposed national Chinese carbon trading scheme is likely to see carbon prices trade at a level that helps to cut emissions slightly but is not high enough to yield dramatic reductions, according to a survey of the potential price for
carbon in the world’s largest polluter.
New Jersey Reconsiders Carbon Trading a Year After Sandy
By Christopher Martin
October 10, 2013
What a difference a year makes.
In the aftermath of Hurricane Sandy, which blew ashore last Oct. 29, New Jersey residents have warmed up to the threat that climate change poses to their beach-loving state and want politicians to address it more boldly.
That’s one reason state lawmakers are holding a hearing today about rejoining Regional Greenhouse Gas Initiative Inc.’s carbon-trading program, according to Upendra Chivukula, the Democratic chairman of the State Assembly’s Telecommunications and Utilities Committee. His panel is evaluating a bill that would require the state to return to the system that New Jersey helped create in 2005.
ICAO Agrees To Global Emissions Cap-and-Trade Scheme by 2020
AIN Air Transport Perspective
by Charles Alcock
Aviation Industry News
October 7, 2013
ICAO has committed to implementing a global market-based mechanism for limiting emissions for aircraft engines by 2020.
Opponents of Europe’s emissions trading scheme (ETS) seemed to have gotten the best of a deal reached at the general assembly of the International Civil Aviation Organization (ICAO) that should lead to a global market-based mechanism (MBM) for curbing aircraft emissions by 2020. On October 4, the assembly endorsed a plan agreed late the previous day by ICAO’s executive committee calling for the arrival of a detailed plan for the cap-and-trade MBM at the UN body’s next general assembly ahead of full implementation in 2020. However, ICAO delegates also voted 97-39 to limit the ability of the European Union (EU) to keep applying its ETS to non-EU carriers before the global plan takes effect.
UN aviation emissions deal strikes harsh blow to EU trading scheme
UN deal sets emissions reduction scheme in motion, but EU trading scheme crushed in series of vitriolic negotiations
By Sophie Yeo
Rethinking Climate Change
October 4 2013
The UN’s aviation body voted on a resolution today that lays the foundations of a market based mechanism (MBM) to curb emissions, at the same time as laying waste to the EU’s own emissions trading scheme.
After a heated debate in Montreal yesterday, ICAO resolved on a text that instructs states to develop a global market based mechanism to be brought to the next General Assembly, which will take place in 2016.
California and Quebec sign new cap and trade agreement
California and Quebec took another step to integrate their cap and trade programs yesterday.
Frank Maccioli|Bakersfield Environmental News Examiner
San Francisco Examiner
October 2, 2013
The California Air Resources Board (ARB) and the Government of Quebec yesterday announced a new agreement that will serve as the blueprint for integrating their cap and trade programs. The agreement is another step to link each program that was begun more than five years ago. It will allow carbon allowances and offset credits to be exchanged between participants in the two jurisdictions’ programs.
Trade War Looms Without Deal to Cut Aviation Emissions, EU Says
By Ewa Krukowska
September 27, 2013
A failure by negotiators to agree upon a global deal next week to cut emissions from airlines risks trade conflicts between the European Union and other regions, EU Climate Commissioner Connie Hedegaard said.
Envoys from more than 190 countries are meeting in Montreal to iron out differences over a measure that would facilitate the design of a market-based tool to reduce pollution from the $708 billion airline industry.
Europe alone on emissions trading
By Dave Keating
September 26, 2013
Australia backs out of emissions trading scheme
The IPCC is meeting in Stockholm in a much-changed political climate compared with its last such gathering in 2007. Then, before the onset of the economic crisis, there was an expectation that a binding emissions-reduction deal could be reached in Copenhagen in 2009. Politicians from left and right were gushing over the potential for a market mechanism to solve the climate crisis through global emissions-trading schemes (ETS).
Six years on, such optimism has long since evaporated. Economic woes have crowded climate concerns out of the public consciousness, and emissions-reduction schemes have stalled after the collapse of the Copenhagen talks. Perhaps most damagingly, the market approach that everyone was so excited about is in serious trouble.
California Air Resources Board Issues First Compliance Offset Credits
Author: Kelli Barrett
September 23, 2013
California's cap-and-trade program took a step forward as the state's Air Resources Board (ARB) delivered its first issuance of compliance offset credits for five ozone depleting substance destruction projects. The ARB will continue to issue credits twice monthly starting in October.
The California Air Resources Board (ARB) has issued its first batch of compliance carbon offset credits eligible for use in the state's cap-and-trade program for reducing greenhouse gas emissions. Entities can purchase these credits to offset their carbon emissions and meet their emission reduction obligation that is required in California's cap-and-trade system.
Cap-and-trade on back burner
Manitoba takes wait-and-see approach
By: Mary Agnes Welch
Winnipeg Free Press
September 24, 2013
Six years ago, then-Manitoba premier Gary Doer escorted Arizona governor Janet Napolitano and British Columbia premier Gordon Campbell to Churchill to witness the effects of climate change first-hand, and the three pledged to work on a regional cap-and-trade system to curb greenhouse gas emissions.
Only B.C., which created a carbon tax a year later, has come close to fulfilling that promise.
RGGI: proof carbon trading can work in the USA?
By Nilima Choudhury
Rethinking Climate Change
September 24, 2013
An ambitious cap and trade scheme is celebrating its fifth birthday in nine north-eastern and mid-Atlantic US states.
Critics wrote the Regional Greenhouse Gas Initiative (RGGI) off when it started trading in 2008, but the USA’s first market-based regulatory programme to reduce greenhouse gas emissions shows little sign of collapse.
Emissions Trading Will Dominate ICAO Assembly
By Jens Flottau, Cathy Buyck
Aviation Week & Space Technology
September 23, 2013
No issue in aeropolitics is as contentious as the introduction of charges for carbon emissions. The European Union almost caused a trade war over its Emissions Trading System (EU ETS), but it seems a global deal is in sight.
Agreeing on the basics and a schedule for the introduction of a global structure of market-based measures (MBM) to limit aviation's greenhouse gas emissions will be the most important topic at the International Civil Aviation Organization's (ICAO) 38th General Assembly, which begins Sept. 24 in Montreal.
INTERPOL Media Release
August 2, 2013
LYON, France – The intangible nature of the global carbon trading markets puts them at risk for exploitation by criminal networks, according to a new law enforcement guide produced by INTERPOL.
A look at South Africa’s carbon trading potential
August 2, 2013
According to Glenn Hodes-senior program manager (UNEP), the carbon market in South Africa will help to level the playing field by making renewable projects more attractive to investors. Small-scale renewable projects (less than 50 MW) which are pursued in South Africa due to dispersed populations, have struggled to obtain finance from large companies and banks. However, with carbon trading, more attention will be brought to these projects. “This would certainly deal with the poverty issue more effectively as the power is closer to where the demand is,” Hodes says.
Cap and Trade board game explains California's greenhouse gas reduction plan
By Hana Baba
KALW Public Radio
August 1, 2013
California’s cap and trade program creates a market place to buy and sell the rights to pollute. The system sounds simple, but there are some complex rules that must be followed. San Francisco Public Press have taken it upon themselves to break it all down and simplify what cap and trade means and how it really works. And what better way to simplify a complex system than turn it into a board game?
GHG Plan Could Cost ‘Less than 0.5% of Total Airline Revenue’
July 30, 2013
The aviation industry can achieve its goal of carbon-neutral growth from 2020 by tapping into the available supply of carbon credits at a cost to the industry as low as $4 per metric ton of CO2, according to analysis published today from Bloomberg New Energy Finance and Environmental Defense Fund (EDF).
Most support emissions trading
Environment Editor, The Age (AUSTRALIA)
July 22, 2013
More people back Labor's earlier move towards a carbon trading scheme than oppose it and most Australians believe it should make a deeper cut in greenhouse gas emissions by 2020 than planned, new polling has found.
Commissioned by environment group the World Wildlife Fund (WWF), the poll found that 41.4 per cent of people supported shifting to an emissions trading scheme and 33.4 per cent were against. A quarter were undecided.
Carbon emissions trading gains momentum in China, despite challenges
by Xinhua Writers Wang Wen and Yan Qilei
July 21, 2013
GUIYANG, July 21 (Xinhua) - Chinese government officials, environment and energy experts, and entrepreneurs have vowed to join hands in accelerating the process of building a nationwide carbon emissions trading market.
"The country will soon carry out scientific methods to record enterprises' carbon emissions in major industries and find ways to allocate emissions quota appropriately, as preparations for a nationwide carbon emissions trading market," said Su Wei, director of the climate change department of the National Development and Reform Commission.
Morning Star joins AB 32 lawsuit; claim cap-and-trade auction is unconstitutional
By Monica Vaughan
Colusa County Sun-Herald (CALIFORNIA, USA)
July 19, 2013
Morning Star Packing Co. is one of 12 plaintiffs suing the California Air Resources Board over the state's cap-and-trade auction program enacted by the Global Warming Solutions Act of 2006, also know as AB 32.
EU and Australia set to accelerate emissions trading link
Responding to Climate Change
July 16, 2013
EU Climate Commissioner Connie Hedegaard says discussions will be sped up after Kevin Rudd announces end of unpopular carbon tax
Plans to link the Australian and EU emission trading schemes are likely to be brought forward after Kevin Rudd signalled Australia’s carbon tax would be phased out in 2014.
China seeks Australia's help building emissions trading scheme
Sydney Morning Herald
July 11, 2013
Australia has been drafted in to help design an emissions trading scheme for China, the world's biggest polluter.
A deal announced in Canberra on Thursday will see the Australian National University take leadership of a program that will analyse pollution data provided by China and allow Chinese university researchers to examine Australia's experience of the carbon tax and transition to an emissions trading scheme.
China is aiming for a full national emissions trading scheme by 2015.
The program, known as the "Australia-China research program on market mechanisms for climate change policy", will team Australian researchers with those from three provincial universities in China and the Beijing Institute of Technology. The University of New South Wales and Melbourne University will also take part.
EU passes emissions trading measure
Hydrogen Fuel News
July 9, 2013
Emissions trading makes alternative energy news thanks to ambitious emissions trading measure
Emissions trading has made alternative energy news headlines this week as the European Parliament passes a vote approving a plan to reduce the number of unsold carbon credits that are part of the European Union’s Emissions Trading System.