User: newstrust Topic: Global Warming
Category: Solutions :: Emissions Trading
Last updated: Jun 19 2013 19:22 IST RSS 2.0
 
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Drumbeat: June 19, 2013 19.6.2013 The Oil Drum
U.S. Considers Exporting More Oil for First Time Since ’70s The U.S. oil boom is moving Congress closer than it has been in more than three decades to easing the ban on exporting crude imposed after the Arab embargo. Advances such as hydraulic fracturing are leading to record production that may outstrip refinery capacity within 18 months to three years, said Benjamin Salisbury, a senior energy policy analyst at FBR Capital Markets Corp. in Arlington, Virginia. Net petroleum imports now account for about 40 percent of demand, down from 60 percent in 2005, according to the U.S. Energy Information Administration, the Energy Department research unit. Congress has limited oil exports since the 1973-74 Arab oil embargo triggered shortages that pushed up prices and led to long lines at gas stations. An increase in domestic production last year by a record 766,000 barrels a day is challenging a notion that Americans need foreign oil, while setting up a debate policy makers may be reluctant to ...
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Drumbeat: June 12, 2013 12.6.2013 The Oil Drum
Fuel-short Egypt faces long, hot summer CAIRO (Reuters) - A gift of gas to Egypt from tiny Qatar shows just how tough this summer is shaping up to be for the government in Cairo, facing a funding crunch and power cuts as it struggles to contain explosive public discontent. Daily blackouts have darkened homes and businesses across the country over the past few weeks, aggravated in recent days by an early summer heatwave that has Egyptians cranking up their air conditioners. Qatar on Monday offered five cargoes of liquefied natural gas (LNG), worth perhaps $300 million, "as a gift to the Egyptian people during the summer months". It is a small gesture from a Gulf ally which has already lent Egypt some $7 billion in the past year but highlights how tough times are for the 84 million Egyptians. U.S. oil production grew at the fastest pace since BP Plc (BP/) started keeping records in 1965 on unconventional sources such as shale and tight oil. An increase in output of about 1 million ...
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Drumbeat: June 7, 2013 7.6.2013 The Oil Drum
Dangerous Times As Energy Sources Get Costlier To Extract Remember the term “peak oil”? With all the oil now available from oil shale, tar sands, and other new sources, many analysts assume that the old talk of peak oil has been proven dead wrong. They buttress this conclusion with statistics showing decreased per capita oil usage, a signal, they say, of our entry into a golden era of rising supply and falling demand that will cut energy prices and fuel economic growth. The optimists believe that our energy problems have been largely solved. I wouldn’t bet on that. The real issue with oil isn’t how much we have or even whether we can continue to increase production. That’s what peak oil had come to represent and why, in retrospect, it was a misleading term. Rather, what really matters is the cost of resources, in terms of resources required, including energy resources, to keep producing oil. On that front, the U.S. is losing ground at an alarming pace. Like most serious energy geeks, I'm a ...
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Airlines agree to curb their greenhouse gas emissions by 2020 4.6.2013 Guardian: Environment
International Air Transport Association resolution calls on world governments to agree measures to manage carbon dioxide International airlines have agreed for the first time to global curbs on their greenhouse gas emissions – but fell well short of the measures to combat climate change that green campaigners had demanded. The International Air Transport Association (IATA) on Monday passed a resolution calling on world governments to agree measures to manage carbon dioxide from air travel, which would come into force from 2020. They said there should be a single global "market-based mechanism" – such as emissions trading – that would enable airlines to account for and offset their emissions. But they did not agree to a global limit on greenhouse gas emissions from air travel, or set out in detail how governments should implement a market-based mechanism to cover all airlines. Their move may help to ease an ongoing row over whether airlines from outside the EU should be bound by ...
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Climatologist Myles Allen Says We’re ‘Doomed’ If We Keep Burning Carbon, Then Embraces Dubious Silver Bullet 30.5.2013 Think Progres
Climatologist Myles Allen Says We’re ‘Doomed’ If We Keep Burning Carbon, Then Embraces Dubious Silver Bullet
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UK emissions fell further than other EU nations after mild 2011 29.5.2013 Guardian: Environment
Greenhouse gas emissions dropped 7% in the UK, compared with an EU average of 3.3%, according to new data The mild winter of 2011-12 may seem a distant memory after this year's big chill, but the warmer temperatures helped the UK achieve a fall in greenhouse gases steeper than any other nation in the European Union. In 2011, the latest year for which figures are available, UK emissions of climate-warming gases dropped by 7%, compared with an EU average of 3.3%, according to data released on Wednesday by the European Environment Agency (EEA) . The decrease in the UK's emissions, according to Europe's environment watchdog, came mainly from lower gas use in homes, owing to the milder temperatures, and lower demand for electricity. There was also more hydro-electricity production and technical problems that cut nuclear power output in 2010 had been resolved, bringing more low-emission power onstream. The fall in greenhouse gas emissions across the EU was significantly deeper than the ...
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Bombshell: China May Be Close To Implementing A Cap On Carbon Pollution 23.5.2013 Think Progres
Bombshell: China May Be Close To Implementing A Cap On Carbon Pollution
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Drumbeat: May 20, 2013 20.5.2013 The Oil Drum
Wells Dry, Fertile Plains Turn to Dust Vast stretches of Texas farmland lying over the aquifer no longer support irrigation. In west-central Kansas, up to a fifth of the irrigated farmland along a 100-mile swath of the aquifer has already gone dry. In many other places, there no longer is enough water to supply farmers’ peak needs during Kansas’ scorching summers. And when the groundwater runs out, it is gone for good. Refilling the aquifer would require hundreds, if not thousands, of years of rains. This is in many ways a slow-motion crisis — decades in the making, imminent for some, years or decades away for others, hitting one farm but leaving an adjacent one untouched. But across the rolling plains and tarmac-flat farmland near the Kansas-Colorado border, the effects of depletion are evident everywhere. Highway bridges span arid stream beds. Most of the creeks and rivers that once veined the land have dried up as 60 years of pumping have pulled groundwater levels down by scores and even ...
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Letter: Cutting Carbon Emissions 20.5.2013 NY Times: Editorials
Letter: Cutting Carbon Emissions
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Analysis-Airline Emissions Deal May Not Come Before EU Deadline 19.5.2013 International Herald Tribune: Americas
Analysis-Airline Emissions Deal May Not Come Before EU Deadline
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Ramez Naam: 7 reasons China might lead the world in fighting climate change 11.5.2013 Twincities.com: Opinion

China is an environmental mess. Smog in Beijing is so bad it's literally broken the air-quality index. In Shanghai, it's at times turned the city into a scene from "Blade Runner." (It almost matches the infamous Cleveland smog of the 1970s.) Meanwhile, thousands of dead pigs -- cause of death not yet known -- have been floating down a river that cuts through Shanghai and provides part of the region's drinking water. More than half of China's water is so polluted, in fact, that even treatment plants can't make it safe to drink. And China is now responsible for almost half the world's coal consumption. That coal burning not only contributes to climate change -- it's also saddled China with severe cases of acid rain, something the United States dealt with a generation ago.

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Drumbeat: May 10, 2013 10.5.2013 The Oil Drum
At Least 9 More Decades for North Sea Oil Oil and gas production in the UK North Sea can continue until the end of this century provided the right government policy decisions are made, according to Scottish Energy Minister Fergus Ewing. ..."In domestic terms, the [Scottish] industry is having a second major opportunity with a huge number major new developments going ahead, some of which are extensions of existing developments. For example, the Clair Ridge field has the potential to produce oil until 2055 according to BP." ..."The Clair field was actually discovered in 1977, and that's ironic because we were told by London that the oil would run out in the 90s, and then in the 90s that it was going to run out in the Noughties," Ewing said. "I think it's a theme that's losing credibility because if BP comes along and says the Clair Ridge field will continue to produce until 2055 it's a bit liberal to say the oil is going to run out because it ain't." Saudi Arabia, the world’s biggest crude ...
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Editorial: A Carbon Trading System Worth Saving 7.5.2013 NY Times: Editorials
Editorial: A Carbon Trading System Worth Saving
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May 6 News: The EU’s Carbon Trading System Not Dead Yet 6.5.2013 Think Progres
May 6 News: The EU’s Carbon Trading System Not Dead Yet
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European carbon market in trouble 6.5.2013 Washington Post: World
LONDON — As the centerpiece of Europe’s pledge to lead the global battle against climate change, the region’s market for carbon emissions effectively turned pollution into a commodity that could be traded like gold or oil. But the once-thriving pollution trade here has turned into a carbon bust. ...
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China leads in climate change's 'critical decade' 30.4.2013 New Scientist: GM Organisms
China leads in climate change's 'critical decade'
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Carbon Market Crossroads: New Ideas for Harnessing Global Markets to Confront Climate Change 30.4.2013 Think Progres
Carbon Market Crossroads: New Ideas for Harnessing Global Markets to Confront Climate Change
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Drumbeat: April 29, 2013 29.4.2013 The Oil Drum
Ready (or Not?) for a Great Coming Shale Boom The Cline Shale, thousands of feet underground in a roughly 10-county swath, is just one of many little-tapped shale formations in Texas and across the nation, geologists say. That means the potential for oil and gas discoveries is theoretically huge, and the reason is technology. The rock-breaking process known as hydraulic fracturing, coupled with the ability to drill horizontally underground, has allowed drillers to retrieve oil and gas from previously inaccessible areas. Many shales will be too expensive or too small to develop, especially if oil prices fall or environmental regulations tighten. But in Texas, which is already the top oil-producing state, bullishness about a new era is pervasive. “We’re back into another phase of wildcatting, like the old-timers,” said Jamie Small, the president of Icon Petroleum, a Midland-based company that has worked in areas including the Cline Shale and another early-stage formation, the Tuscaloosa ...
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Pretty bubbles of disaster 21.4.2013 The Earth Times Online Newspaper - Environment News
Will the financial world let us down again, or could a switch to low carbon economies be encouraged by their actions?
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EU climate chief vows to save scheme 17.4.2013 Guardian: Environment
Connie Hedegaard's attempts to introduce longer-term reforms will face fierce opposition from a powerful business lobby Europe's climate chief vowed on Wednesday to fight on to save the EU's flagship environmental policy, the emissions trading system (ETS), after a serious blow on Tuesday when MEPs rejected reforms aimed at repairing the ailing system . MEPs voted 334 against to 315 in favour of "backloading" the market – a proposal aimed to reverse the plummeting price of carbon that has resulted from a surplus of permits in the ETS market – leading the price of carbon to fall by almost half to under €3 on Tuesday. Connie Hedegaard, EU commissioner for climate action, said: "We are preparing structural [longer-term reforms]. We will have new meetings for stakeholders, in parallel with an impact assessment. We are preparing an initiative." The proposals include measures to restrict rights to carbon permits under the system, and to allow for reviews of the number of permits companies ...
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