User: demo Topic: Climate Change
Category: Emissions Trading
Last updated: May 21 2015 18:39 IST RSS 2.0
 
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Coal and solar executives clash on climate 21.5.2015 Financial Times India: Economy
‘Solar is not an answer to broad scale industrialisation’, says Hayward
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New Zealand mulls carbon markets to meet climate targets 7.5.2015 Guardian: Environment
Minister warns that setting a carbon target will not be easy as Greens criticise country’s climate change consultation for a lack of ambition, reports RTCC New Zealand is eyeing up international carbon markets to meet any climate commitments, the government revealed in a consultation this week. Slammed by Greens as “seriously flawed”, the document emphasised the costs of cutting greenhouse emissions at home. Lots of waffle about the costs of #climate action. Nothing about the (much higher) costs of inaction. ...
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Under Richard Di Natale, Greens have an opportunity to work with the Coalition | Richard Denniss 7.5.2015 Guardian: Comment is Free
With 10 votes in the Senate, Richard Di Natale’s Greens could work proactively with the Abbott government – and grow in power A new leader for the Greens means new opportunities for policy development and political strategy. With 10 votes in the Senate, the Greens can ensure the passage of any piece of government legislation they support. However, their strategy of voting against almost all Abbott government policy, even policies they support, has meant that few journalists (and even fewer voters) realise they currently share the balance of power in the ...
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EU agrees 'landmark' carbon market deal 6.5.2015 Guardian: Environment

Emissions trading reform expected to pull the plug on Europe’s carbon credit glut in 2019, but environmentalists warn of need for long-term solution

A deal to claw back hundreds of millions of surplus allowances from Europe’s emissions trading system (ETS) has been hailed as a watershed by environmentalists, MEPs and renewable industry groups.

Nearly half of the continent’s emissions are covered by the ETS, the world’s largest carbon market, which sets a cap on CO2 output and forces firms to buy or sell allowances to stay within its boundaries.

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French ambassador urges Australia to join climate change battle 6.5.2015 The Guardian -- World Latest

Christophe Lecourtier says he is optimistic about Australia’s ‘momentum’ and it joining a ‘coalition of countries’

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EU Agrees to Overhaul Carbon-Trading System 6.5.2015 Wall St. Journal: Europe
European Union governments and the bloc’s Parliament agreed to create a market-stability reserve for its emissions-trading system from 2019, in an effort to stabilize the price of emitting carbon dioxide into the air.
Canada’s provinces try to exert climate change pressure on Harper government 28.4.2015 The Guardian -- World Latest
Despite Alberta’s absence, a provincial alliance aims to take steps to make the Canadian economy more ‘carbon sober’ before Paris climate conference Continue reading...
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Roundup: Da Vinci developer speaks, Gurlitt's hoard, Le Corbusier's past 28.4.2015 LA Times: Opinion
Arts stories worth reading include pieces on the Armenian genocide's textile legacy, controversy at Kenya’s Venice Biennale Pavilion, a curator who tries to show the complete Nazi-era art hoard, and LACMA landing a rare sculpture. Plus: The developer behind the Da Vinci discusses his buildings...
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Climate Change Authority emissions reduction targets 'too weak', says Milne 27.4.2015 Guardian: Environment

Greens leader Christine Milne says Australia should target 40%-50% of 2000 levels by 2025, 60%-80% by 2030, and reach ‘net-zero pollution’ by 2040

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Shell lobbied to undermine EU renewables targets, documents reveal 27.4.2015 The Guardian -- World Latest

Weak European renewable energy goals originated with Shell lobby pitch for gas – not renewable energy – to provide pathway for decarbonisation, access to information papers show

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Will BRICS Carbon Traders Bailout Bankers' Climate Strategy? 19.4.2015 Truthout.com
The hope for our collective survival in the face of a likely climate catastrophe has been vested in a combination of multilateral emissions rearrangements and national regulation. But the premise behind the core strategy must be debated. Pirapora, Brazil. (Photo: guilherme/Flickr ) Truthout can only survive through reader support. Click here to make a tax-deductible donation and help publish journalism with real integrity and independence! The hope for our collective survival in the face of a likely climate catastrophe has been vested in a combination of multilateral emissions rearrangements and national regulation. But the premise behind the core strategy—the 1997 Kyoto Protocol—must be debated. Assuming a degree of state subsidization and increasingly stringent caps on greenhouse gas (GHG) emissions, Kyoto posited that market-centric strategies such as emissions trading schemes and offsets can allocate costs and benefits appropriately so as to shift the burden of mitigation and carbon sequestration ...
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Big business using trade groups to lobby against EU climate policy 15.4.2015 The Guardian -- World Latest

Major multinational companies with strong sustainability policies are, at the same time, members of trade associations lobbying against climate policy

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German backlash grows against coal power clampdown 14.4.2015 Guardian: Environment

Energy companies and unions warn that planned emissions limits will spark mass plant closures and redundancies

German energy companies say that construction of over half the country’s planned power plants could be scuppered if the country goes ahead with a leaked plan to set emissions budgets for the country’s biggest polluters.

The proposed law would impose stiff financial penalties for the oldest and most inefficient coal and lignite plants, to be paid in the form of emissions trading certificates.

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Ontario to join California carbon market to fight global warming 14.4.2015 SFGate: Business & Technology
Ontario to join California carbon market to fight global warming Ontario plans to join California’s cap-and-trade market for reining in greenhouse gases and fighting climate change, the Canadian province’s premier, Kathleen Wynne, said Monday. Cap and trade puts a price on the greenhouse gas emissions that the vast majority of climate scientists agree are raising temperatures worldwide. Companies in participating states and provinces must buy permits, called allowances, to pump carbon dioxide and other heat-trapping gases into the air. Companies that make deep cuts in their emissions can sell spare allowances to other businesses. “This is a bold move from the province of Ontario — and the challenge we face demands further action from other states and provinces around the world,” Brown said. While Quebec and now Ontario have pursued cap and trade, British Columbia chose another route to pricing greenhouse gas emissions.
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Carbon floor price hike will trigger UK coal slowdown, say analysts 2.4.2015 Guardian: Environment

Doubling of UK carbon tax expected to force coal plants to switch off, as EU emissions trading system hits 2020 target six years early

Coal-fired power plants are set to be taken offline this year as a result of the doubling of the UK’s top-up carbon tax on Wednesday, according to market analysts.

The carbon floor price went up from £9.54 to £18.08 per tonne of CO2, raising the cost of a tonne of carbon for British power plants to £23, when allowances on the EU’s emissions trading system (ETS) are factored in.

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‘Green’ dam linked to killings of six indigenous people in Guatemala 26.3.2015 Guardian: Environment

Indigenous people are being ‘terrorised’ after protests against a mega-dam backed by European development banks, whose carbon allowances will be tradable on the EU’s emissions trading system

A planned mega-dam in Guatemala, whose carbon credits will be tradable under the EU’s emissions trading system, has been linked to grave human rights abuses, including the killing of six indigenous people, two of them children.

Several European development banks and the World Bank’s International Finance Corporation (IFC) have provided funds for the $250m (£170m) Santa Rita dam.

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Direct Action set up to allow large rise in emissions, says Climate Institute 26.3.2015 The Guardian -- Front Page

So-called ‘safeguards mechanism’ will at best mean business as usual for Australia’s major polluters and at worst lead to far more greenhouse gas output

The final element of the Abbott government’s Direct Action climate change policy will at best mean major polluters continue business as usual and at worst lead to significant increases in their greenhouse gas emissions according to the Climate Institute thinktank.

The framework for the final part of Direct Action scheme – the so-called “safeguards mechanism” – confirms it will allow big polluters to buy carbon credits if they exceed new baselines for their greenhouse emissions, but also that it will set those baselines at levels that ensure few companies will have to.

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Morning Mail: Germanwings crash, NSW election, metadata debate, Jeremy Clarkson, One Direction tragedy Zayn Malik 26.3.2015 The Guardian -- World Latest

Guardian Australia’s morning news briefing from around the web

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Climate change: farmers urge Coalition to restore emissions trading scheme 26.3.2015 Guardian: Environment

Failure to acknowledge the problem is ‘doing the industry a disservice’ and harming Australia’s international standing, says farming group

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Coalition to seek advice about Australia's post-2020 carbon emissions targets 24.3.2015 Guardian: Environment

Discussion paper asks how deep Australia’s greenhouse gas emissions cuts should be and what domestic policies are required to meet the target

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