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.


  • 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

  • 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

  • Weekend Video: How To Win Friends For New Energy
  • Weekend Video: The Electric Vehicle Highway
  • Weekend Video: Wind And The Economy

  • 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


  • 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

  • ORIGINAL REPORTING: Rocky Mountain compromise: Inside Xcel's landmark Colorado solar settlement
  • ORIGINAL REPORTING: Fixed charge battle looms in Texas as regulators tackle rate design reform
  • ORIGINAL REPORTING: No time to think: How utilities are handling the deluge of grid data



    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




      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.

  • ---------------
  • TODAY AT NewEnergyNews, April 26:

  • 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

    Tuesday, September 30, 2008


    Looking for a market that’s holding its value? Here it is.

    The Regional Greenhouse Gas Initiative Inc (RGGI, nicknamed “Reggie”) held its first emissions permits auction, the first emissions permits auction in the U.S.

    The program is regarded as a trial run in anticipation of a national cap-and-trade system to be legislated under the next administration. Many assume Reggie credits will transfer to the national market when it is created.

    Robert Stavins, director, Harvard Environmental Economics Program: “This is the first major successful auction in the world of CO2 allowances…More importantly, that a future U.S. federal cap- and-trade system is likely to use allowances that are at least partially auctioned off, it is important to observe RGGI's auction and learn from it.''

    Reggie’s goal is to cut GhGs 10% by 2019.

    Although the permits, good for the offsetting of 1 ton of carbon dioxide equivalent (CO2e) emissions in the course of generating power or otherwise conducting business, sold at auction for only $3.07, this was 65% above the $1.86 floor price, indicating buyers believe the right to emit will gain value over time.

    This is considered especially good market performance because Barclays Bank, a veteran of the EU credits market, expected Reggie to be oversupplied and predicted a price of less than $2.

    Annual allowances available will be ratcheted down yearly to 10% below current levels by the end of 2018. There are 2 goals: (1) To cut GhGs and (2) to drive the development of New Energy. The latter cannot happen, according to experts, until prices for emissions rise, making it more expensive to continue generating them than to invest in New Energy.

    Kate Hampton, policy head, Climate Change Capital: "[The clearing price] will provide a learning opportunity...You do need a higher price than [$3.75/ton of CO2e] to provide a significant incentive for efficiency…"

    Seb Walhain, head of environmental markets, Fortis Bank in Amsterdam, says utilities are unlikely to change their behavior until allowances are at least $10/ton of CO2e.

    Comparison: European Union (EU) emission allowances on the Emissions Trading Scheme (ETS) were at 23 euros ($33.10)/tonne.

    The futures price has jumped to $3.76 on the CCX. (click to enlarge)

    First U.S. Carbon-Dioxide Permits Sell for $3.07/Ton
    Jim Efstathiou Jr., September 29, 2008 (Bloomberg News)

    Regional Greenhouse Gas Initiative Inc (RGGI)

    The RGGI kicked off its effort to fight global climate change through market-based greenhouse gas (GHG) emissions reductions. The first price for credit to offset one ton of carbon dioxide equivalent (CO2e) was $3.07.

    click to enlarge

    - First auction was September 25 in anticipation of a trading regimen that opens January 1, 2009.
    - The next auction will be Dec. 17.
    - The first stage of Reggie is scheduled to run 3 years.
    - Reggie is the first U.S. market for allowances.

    RGGI incorporates 10 northeastern states: New York, New Jersey, Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, Rhode Island and Vermont.

    - The first RGGI auction saw 59 bidders.
    - The opening price is far lower than the price of permits on the EU ETS but 65% higher than the base rate, suggesting there is demand for them on the expectation their value will increase.
    - RGGI intends to supply permits for 188 million tons of CO2e/year, 9% over 2007 emissions in the 10-state region.
    - All 12.57 million permits offered were sold in the auction that received bids for 51.7+ million allowances.
    - Reggie allows utilities, investors and other buyers to acquire and hold permits.
    - If increased levels of GhGs are reported, it would be expected to trigger higher demand for permits.
    - The auction raised $38.6 million for the states to use to cut electricity demand and build New Energy capacity.

    There is a world of emissions trading waiting for the U.S. join in. (click to enlarge)

    - Steve Schleimer, energy and environment market regulation director, Barclays Plc.: "People are probably seeing value in buying and holding… If you look at the back end of the program, it does become a short program …"
    - Schleimer: "Over time, as load in the region is growing and new plants are coming on line, there's going to be a point where there are 188 million tons made available and emissions will exceed that…That's one reason to see value in it."
    - Seb Walhain, head of environmental markets, Fortis: "I'm not a big fan of RGGI…"
    - Pete Grannis, commissioner, New York State Department of Environmental Conservation: "The first RGGI auction has successfully used market forces to set a price on carbon and this will send a clear market signal to support the investment in clean-energy technologies…"


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