NewEnergyNews: EMISSIONS TRADING TO DOUBLE

NewEnergyNews

Gleanings from the web and the world, condensed for convenience, illustrated for enlightenment, arranged for impact...

The challenge now: To make every day Earth Day.

YESTERDAY

  • ORIGINAL REPORTING: Mixed-ownership models spur utility investment in microgrids
  • ORIGINAL REPORTING: How the wind industry can continue its boom into the 2020s
  • ORIGINAL REPORTING: Rhode Island targets a common perspective on DER values
  • THE DAY BEFORE

  • TODAY’S STUDY: The Way To Grow EVs
  • QUICK NEWS, April 25: Private Sector Takes Over The Climate Fight; How Sea Level Rise Would Change The Map; Wind Jobs Top 100,000 As Wind Energy Booms
  • THE DAY BEFORE THE DAY BEFORE

  • TODAY’S STUDY: The Risk Of Natural Gas Vs. The Risk Of Wind
  • QUICK NEWS, April 24: The Health Impacts Of Climate Change; New Energy Is Everywhere; Study Shows LA Does Not Need Aliso Canyon
  • THE DAY BEFORE THAT

  • Weekend Video: How To Win Friends For New Energy
  • Weekend Video: The Electric Vehicle Highway
  • Weekend Video: Wind And The Economy
  • AND THE DAY BEFORE THAT

  • FRIDAY WORLD HEADLINE-A Deeper Look At The Heat
  • FRIDAY WORLD HEADLINE-Wind Gets Market Tough
  • FRIDAY WORLD HEADLINE-UK Gets Utility-Led Solar Plus Storage
  • FRIDAY WORLD HEADLINE-Germany’s VW Talking Its EV To China
  • THE LAST DAY UP HERE

    THINGS-TO-THINK-ABOUT THURSDAY, April 20:

  • TTTA Thursday-U.S. Military Affirms Climate Change-War Link
  • TTTA Thursday-Solar Plus Hydro Drive Wholesale Power Cost Sub-Zero
  • TTTA Thursday-Wind Boom Goes On Growing Midwest Wealth
  • TTTA Thursday-More Kentucky Jobs In New Energy Than In Coal
  • --------------------------

    --------------------------

    Anne B. Butterfield of Daily Camera and Huffington Post, f is an occasional contributor to NewEnergyNews

    -------------------

    Some of Anne's contributions:

  • Another Tipping Point: US Coal Supply Decline So Real Even West Virginia Concurs (REPORT), November 26, 2013
  • SOLAR FOR ME BUT NOT FOR THEE ~ Xcel's Push to Undermine Rooftop Solar, September 20, 2013
  • NEW BILLS AND NEW BIRDS in Colorado's recent session, May 20, 2013
  • Lies, damned lies and politicians (October 8, 2012)
  • Colorado's Elegant Solution to Fracking (April 23, 2012)
  • Shale Gas: From Geologic Bubble to Economic Bubble (March 15, 2012)
  • Taken for granted no more (February 5, 2012)
  • The Republican clown car circus (January 6, 2012)
  • Twenty-Somethings of Colorado With Skin in the Game (November 22, 2011)
  • Occupy, Xcel, and the Mother of All Cliffs (October 31, 2011)
  • Boulder Can Own Its Power With Distributed Generation (June 7, 2011)
  • The Plunging Cost of Renewables and Boulder's Energy Future (April 19, 2011)
  • Paddling Down the River Denial (January 12, 2011)
  • The Fox (News) That Jumped the Shark (December 16, 2010)
  • Click here for an archive of Butterfield columns

    -------------------

    Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

    email: herman@NewEnergyNews.net

    -------------------

    -------------------

      A tip of the NewEnergyNews cap to Phillip Garcia for crucial assistance in the design implementation of this site. Thanks, Phillip.

    -------------------

    Pay a visit to the HARRY BOYKOFF page at Basketball Reference, sponsored by NewEnergyNews and Oil In Their Blood.

  • ---------------
  • THINGS-TO-THINK-ABOUT THURSDAY, April 27:

  • Inside The White House Fight On Climate
  • New Energy Is The Jobs Engine
  • Wind Industry Boom Getting Bigger
  • Funding Better Transportation

    Friday, November 16, 2007

    EMISSIONS TRADING TO DOUBLE

    Trading is a way of pricing the “externalities” of emissions, the harm to the general welfare done when a company or business emits health-endangering or environment-eroding pollution. Like the fellows who wrote the preamble to the US Constitution said, government is to “provide for the common defense” as well as to “promote the general welfare.”

    World carbon market seen doubling this year: IETA
    Annika Breidthart, November 5, 2007 (Reuters)

    WHO
    International Emissions Trading Association (IETA) (Andrei Marcu, president);

    WHAT
    Marcu expects the emissions trading market to grow to $60 billion in 2007. Certified Emissions Reductions (CERs) are currently trading at approximately 17 euros/ton of carbon equivalent.

    More than half the money spent on CERs goes to finance New Energy. (click to enlarge)

    WHEN
    The $60 billion figure represents a doubling of the $30 billion market value in 2006.
    And that was triple the 2005 value of $11 billion.

    WHERE
    - The majority of emissions trading is in the European Union's Emissions Trading Scheme (ETS).

    WHY
    - Trading is via the purchase and sale of EU ETS emissions allocations or CERs. Under the Kyoto Protocol’s Clean Development Mechanism (CDM), administered by the UN, programs that can be certified to reduce emissions. Over half are New Energy developments. Other projects include reforestation, chemicals control, waste capture, emissions capture, transport reduction, etc.
    - EU ETS-issued allowances are traded between businesses and industries in the EU, those who can operate below their allocated emissions limits selling to those who must go over.
    - UN CDM CERs can be purchased if an over-polluting business or company prefers sees a better value in doing so.
    - There are also a number of voluntary trading markets such as the Chicago Climate Exchange.
    - Trading companies, like brokerages, are emerging in countries all over the world.
    - Certification specialists are emerging in support of voluntary markets.

    And over half the CERs go to China and India. From the 2 graphs, it is clear a lot of CER money goes to finance emission-free energy in places where emission-free energy is especially vital. (click to enlarge)

    QUOTES
    - Marcu: "One key trend you will see for 2007 is that the credit market will be taking up an even larger percentage of the total market but you'll still see the dominant single market being the European market…"
    - Lee Solsbery, IETA board member: "The types of projects you have, the geography of projects, the diversity, the replicability of early projects…all those things that you want to see in a market taking off, is where that figure comes from…"

    0 Comments:

    Post a Comment

    << Home