NewEnergyNews: EMISSIONS TRADING TO DOUBLE

NewEnergyNews

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

While the OFFICE of President remains in highest regard at NewEnergyNews, this administration's position on climate change makes it impossible to regard THIS president with respect. Below is the NewEnergyNews theme song until 2020.

The challenge now: To make every day Earth Day.

YESTERDAY

THINGS-TO-THINK-ABOUT THURSDAY, October 19:

  • TTTA Thursday- Greenpeace Report Card On IT Green
  • TTTA Thursday- Solar, Utilities Still Fighting For Smart Policy
  • TTTA Thursday-Texas Shifts Love To Wind From Coal
  • TTTA Thursday-Flying Amazon Drone To Charge EVs On The Go
  • THE DAY BEFORE

  • ORIGINAL REPORTING: Can California hit 1.5M zero-emission vehicles by 2025?
  • ORIGINAL REPORTING: Corporate demand pushes new generation of utility green tariffs
  • THE DAY BEFORE THE DAY BEFORE

  • TODAY’S STUDY: Global Nuclear Now
  • QUICK NEWS, October 17: Top 5 Climate Change Solutions; EVs To Lead By 2030; Diversity In Solar
  • THE DAY BEFORE THAT

  • TODAY’S STUDY: How Get The Stacked Values Of Battery Storage
  • QUICK NEWS, October 16: Worse Than ‘The New Normal’; New Energy To The Rescue; How Rooftop Solar Cuts Everybody’s Power Bills
  • THE LAST DAY UP HERE

  • Weekend Video: Bloomberg To Colbert – New Energy Is The Answer
  • Weekend Video: Global New Energy Keeps Coming On
  • Weekend Video: The Long Reach Of New Energy
  • --------------------------

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

    Founding Editor Herman K. Trabish

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

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

    click image for more info about the Sunstock Solar Festival

    Research Associate and Contributing Editor Jessica R. Wunder

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

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

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

    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.

  • ---------------
  • FRIDAY WORLD, October 20:

  • Global New Energy Rising Fast
  • India To Buy 4.5GW Of Wind
  • Saudi Study Finds High Hopes In Kite Wind
  • The EV Future Is At Hand

    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