NewEnergyNews: VERIFICATION SLOWS EMISSIONS MARKET

NewEnergyNews

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

The new challenge: To make every day Earth Day.

YESTERDAY

  • FRIDAY WORLD HEADLINE-GLOBAL BANKING GIANT SEES WORLD HEATING UP
  • FRIDAY WORLD HEADLINE-FRENCH NEW ENERGY CAN BEAT ITS NUKES
  • FRIDAY WORLD HEADLINE-CHINA'S ANSWER TO TESLA
  • FRIDAY WORLD HEADLINE-SO. AFRICA LOOKS TO SOLAR
  • THE DAY BEFORE

    THINGS-TO-THINK-ABOUT THURSDAY, April 23:

  • TTTA Thursday-CLIMATE CHANGE HITS WOMEN HARDEST
  • TTTA Thursday-WIRELESS EV CHARGING
  • TTTA Thursday-WIND COULD BE GREAT ON THE GREAT LAKES
  • TTTA Thursday-THE CHANGE NEW ENERGY NEEDS
  • -------------------

    GET THE DAILY HEADLINES EMAIL: CLICK HERE TO SUBMIT YOUR EMAIL ADDRESS OR SEND YOUR EMAIL ADDRESS TO: herman@NewEnergyNews.net

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

    THE DAY BEFORE THE DAY BEFORE

  • TODAY’S STUDY: THE NEW GUIDE TO THE NATION'S BEST SOLAR POLICIES — AND HOW TO EMULATE THEM
  • QUICK NEWS, April 22: EARTH DAY PROGRESS REPORT; EARTH – WHAT NASA SEES; FROM THE SUN, FOR THE EARTH
  • THE DAY BEFORE THAT

  • TODAY’S STUDY: HOW MUCH NEW ENERGY CAN CHINA BUILD?
  • QUICK NEWS, April 21: HOW TO DECIDE ON SOLAR; NEW ENERGY’S PROPERTY VALUE; THE EPA CLEAN POWER PLAN, JOBS, AND THE ECONOMY
  • AND THE DAY BEFORE THAT

  • TODAY’S STUDY: SOLAR IS NOW AFFORDABLE AND GETTING MORESO
  • QUICK NEWS, April 20: GULF OIL SPILL IMPACTS GO ON; SUNPOWER, APPLE DO SOLAR IN CHINA; THREE BETS ON WIND
  • THE LAST DAY UP HERE

  • Weekend Video: The President, Florida, And Climate Change
  • Weekend Video: Bill Maher On Climate Change Zombies
  • Weekend Video: Climate Change Denial Disorder
  • --------------------------

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

    Anne B. Butterfield of Daily Camera and Huffington Post, 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

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

    Your intrepid reporter

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

      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.

  • ---------------
  • Tuesday, November 13, 2007

    VERIFICATION SLOWS EMISSIONS MARKET

    This is at least the 3rd important revelation about cap-and-trade systems by the EU marketplace. Initial price volatility in Certified Emissions Reduction (CER) credits was created because when the EU freely assigned all CERs instead of holding and auctioning a portion, the price quickly dropped. Next there were and continue to be legal battles over CER allocations to new EU members who, like developing nations, need to emit for their economies to grow. Now this, which reveals that a streamlined, workable verification process is vital to efficient market function.

    When the US finally institutes its own cap-and-trade system, it ought to pay royalties to the EU for writing the original.


    EcoSecurities warning hints at carbon bottleneck
    Graham Davies, 6 November 2007 (Investors Chronicle)

    WHO
    Carbon credit traders EcoSecurities, Camco International and Trading Emissions

    Verification is a multitiered process. (click to enlarge)

    WHAT
    - Under the United Nations Clean Development Mechanism (UNCDM), CERs can only be traded after they have been rigorously verified. The verification process is becoming complicated and slowing activity in the trading market. That means a loss of revenues for traders and a drop in valuation for the trading companies.

    WHEN
    - February to May 2007: 88% of project applications verified.
    - June to October 2007: 48% of project applications verified.

    WHERE
    - Projects that reduce emissions or create emission-free energy are eligible to sell CERs to businesses or industries that produce more emissions than they are allotted by Kyoto Protocol capping.
    - Typically, the selling entity is in the developing world and the buying entity is in Japan or the European Union.

    WHY
    - The UN CDM process is rigorous because it was designed to make certain CERs were allotted only to projects that would reduce world emissions.
    - EcoSecurities has revised its expected gross volume of CERs from 185 million to 142 million. This is primarily due to a lower volume of CERs available to sell because projects with applications remain unverified.

    The market has smoothed out noticeably in recent months after early volatility. Will this slowdown create trouble? (click to enlarge)

    QUOTES
    Andrew Shepherd-Barron, analyst, KBC Peel Hunt: "There is no question there are problems in the CDM. The executive board wants to maintain project quality, but it is losing a lot of staff and also facing a tidal wave of projects…"

    0 Comments:

    Post a Comment

    << Home