User: demo Topic: Climate Change
Category: Emissions Trading
Last updated: Apr 19 2015 22:35 IST RSS 2.0
 
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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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Switzerland becomes first country to submit Paris climate deal pledge 27.2.2015 Guardian: Environment

Swiss government says it will cut greenhouse gas emissions 50% by 2030 as part of a UN deal on global warming later this year, reports RTCC

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Will Obama's Climate Plan Really Cause Blackouts? 26.2.2015 Mother Jones
Back in November, a group of Republican lawmakers fired off a stern letter to the head of the Federal Energy Regulatory Commission, the agency that oversees electric grids. President Barack Obama's new climate plan, the letter warned, could lead to blackouts across the country. The Clean Power Plan is the centerpiece of Obama's climate policy. It calls for the nation to reduce its carbon footprint 30 percent by 2030 and requires each state to reduce the "intensity" of its power sector—that is, how much greenhouse gas is produced per unit of energy. States can choose from a wide array of options to meet their individual goals, including closing or renovating coal plants, boosting energy efficiency, and building new renewable energy systems like solar or wind farms. The GOP letter cited a report from the North American Electric Reliability Corporation (a nonprofit that helps power companies coordinate between the United States and Canada) that said the gap left by shuttered coal plants "may represent a ...
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European carbon market reform set for 2019 24.2.2015 The Guardian -- Front Page
MEPs vote to strengthen emissions trading scheme by taking 1.6bn surplus credits off the market to boost carbon prices, but critics call for steps to be taken earlier Reforms to strengthen the EU’s flagship policy for cutting carbon, the emissions trading scheme (ETS), will start at the end of 2018 following a vote by MEPs on Tuesday. The carbon market is supposed to drive Europe’s transition to cleaner sources of energy, but a cocktail of recession, free allocations to polluters and over-achievement on green energy targets have created a flood of 2bn allowances. That has led to a carbon price of around €7 (£5) per tonne, too low to encourage power companies to switch from polluting fuels such as as ...
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REDD and Neocolonialism in the Land of the Pataxo Warriors 22.2.2015 Truthout - All Articles
It’s 5 o’clock in the morning, southern cone time, on Oct. 13, 2014. The Pataxo indigenous people of the far southern region of the state of Bahía, in the northeast of Brazil, form three barricades across the BR101 Highway in the region of Monte Pascoal, in the city of Itamaraju, one of the main roads connecting the northern and southern parts of the country. They have blocked the highway that runs along the edge of their territory with branches, sticks, and old tires,  stopping hundreds of trucks transporting merchandise from transnational corporations. It doesn’t take police long to arrive. The indigenous people are aware of the possibility of repression. Some have painted their bodies with a mixture of colors– yellow, red, black–colors that their grandfathers used to announce war. Others contrast in white, the sign of peace. Indelible colors on the skin of these people, survivors of an unjust war that has lasted for over five centuries. The atmosphere grew tense as Federal Police came in, although ...
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Yanis Varoufakis: How I became an erratic Marxist 18.2.2015 The Guardian -- Front Page
Before he entered politics, Yanis Varoufakis, the iconoclastic Greek finance minister at the centre of the latest eurozone standoff wrote this searing account of European capitalism and and how the left can learn from Marx’s mistakes In 2008, capitalism had its second global spasm. The financial crisis set off a chain reaction that pushed Europe into a downward spiral that continues to this day. Europe’s present situation is not merely a threat for workers, for the dispossessed, for the bankers, for social classes or, indeed, nations. No, Europe’s current posture poses a threat to civilisation as we know it. If my prognosis is correct, and we are not facing just another cyclical slump soon to be overcome, the question that arises for radicals is this: should we welcome this crisis of European capitalism as an opportunity to replace it with a better system? Or should we be so worried about it as to embark upon a campaign for stabilising European capitalism? When called upon to comment on the world we ...
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Here's How Countries All Over the World Are Making Polluters Pay 13.2.2015 Mother Jones
Solving climate change is essentially an economic problem: How do you force companies and consumers to pay for the damage caused by the fossil fuels they consume? Let me explain: Without a price on carbon emissions, big polluters don't pay for the greenhouse gases that they release into the atmosphere. The real cost of that pollution is borne by the planet in the form of global warming. So one of the most common strategies for reducing emissions is "cap-and-trade": Polluters purchase or bid on a limited number of permits, which allow them to emit a certain amount of CO2. A regulated market is then created in which permits can be bought and sold. The cost of the permits—in other words, the carbon price—creates an incentive to reduce carbon pollution. A new report out this week from the Berlin-based International Carbon Action Partnership shows that in the decade since the first major carbon trading program was adopted by the European Union, cap-and-trade systems have enjoyed remarkable popularity around ...
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Save the trees: New campaign against deforestation launched 10.2.2015 AP Business
STOCKHOLM (AP) -- Since the money raised by governments and corporations hasn't managed to halt the destruction of the world's rainforests - an area the size of Alabama or Greece is lost every year - a new U.S. campaign is now inviting individuals to chip in....
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Saving trees, 1 person at a time: New US website lets individuals join deforestation fight 10.2.2015 Star Tribune: World
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Tony Abbott vows to fight Liberal leadership spill motion – live 6.2.2015 The Guardian -- Front Page
Re the sunnies in post 12.25pm! Sunnygate! @gabriellechan http://t.co/5acU6Wl62i They're photoshopped on. Clearly photoshopped on! 12.30pm AEST Just one more from question from the Jones interview. Jones: And before you go, I’ve known you for a thousand years, you’re hopeless at talking about yourself, and it’s clear that a lot of people don’t really know their prime minister. Just say something – we’re going to 77 stations – to tell them: who is Tony Abbott? Tell them something about Tony Abbott. He’s in the headlines every day – who’s the real Tony Abbott? Well, I’ve always been a bit reluctant to blow my own trumpet, Alan, and I like to think that the facts speak for themselves. I’m the father of three daughters, I’m the brother of three sisters, I love my community which I try to serve as a volunteer firefighter and as a surf lifesaver. Obviously, I like sport and try to get plenty of physical exercise because I think that’s good for your mental health as well as everything else. But most of all, I ...
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Tony Abbott denies China's carbon trading plan shows he is out of step 6.2.2015 Guardian: Environment

‘More and more countries are going down the direct action path,’ prime minister says of grants aimed at lowering emissions

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