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More Long-Term Pressure on Oil Prices

January 18, 2012 by Geoffrey Styles
with 300 views
0

A pair of items in today's Financial Times could signal a longer run of high oil prices, even if Europe were to slip into recession and economic growth elsewhere slow. Geoffrey Styles explains how the combination of Saudi Arabia's increase of its target oil price and Venezuela's volatile leader will affect long run oil prices. [read more]

A Tale of Two Earths – The Future of the EU-ETS

October 10, 2011 by David Hone
with 381 views
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With the forward supply-demand picture of the EU ETS looking long and the prospect of low prices for the foreseeable future, what steps might be taken to address this? Certainly if nothing is done, the trading system will not drive the development of technologies such as carbon capture and storage, critical for the much deeper reductions to come in the 2020s and beyond. [read more]

The Times and the EU ETS

September 2, 2011 by David Hone
with 326 views
0

Last Saturday (August 27, 2011) The Times featured the EU Emissions Trading System (EU ETS) on its front page. Carbon markets are becomingly increasingly important and should appear in the mainstream media, but it’s also important that the media provide accurate context to fully explain often complex issues to the public. This particular story suggested that the EU ETS was being manipulated by power companies, enabling them to pass on to their consumers the full cost of carbon on the allowances that they are granted for free. [read more]

How Removing Allowances Can Bolster The EU's Carbon Price

June 21, 2011 by David Hone
with 311 views
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One of the big issues that has been debated in the EU since before the ink was even dry on the 2008/2009 Energy and Climate package (EU ETS Directive, CCS Directive, Renewable Fuel Directive etc.) is whether the EU emission reduction target should be adjusted up to 30% from the base 20% originally agreed. Formally, the shift to a 30% target is linked to the nature of an international agreement on climate change. However, there is now a case for rethinking this approach. [read more]

Congress: Don't Stop Europe From Controlling Aviation Carbon Pollution

June 3, 2011 by Jake Schmidt
with 222 views
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Why would a reauthorization bill for the Federal Aviation Administration (FAA) have anything to say about the steps that Europe is taking to reduce carbon pollution from aviation?  The answer should be nothing.  But unfortunately the US Senate is considering language passed by the House of Representatives that would signal... [read more]

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Pump-As-Turbine Powered By Falling Industrial Wastewater

May 5, 2011 by Helmuth Ziegler
with 490 views
1

 As one of Europe’s largest production and research site, the Industriepark Höchst, (in Frankfurt Germany) is home to 90+ companies in pharmaceuticals, biotechnology, basic and specialty chemicals, crop protection, food additives and services.The waste water these companies generate is treated in a double stage biological treatment... [read more]

How Much is Oil Worth?

May 5, 2011 by Robert Rapier
with 369 views
0

The reason that oil company profits are so volatile is that sometimes the price of oil becomes pretty disconnected from the cost to produce it and convert it into finished products. This is because oil is a globally traded commodity, and like other commodities such as corn, iron, and pork bellies, the price is set by how much people are... [read more]

Solar Millennium Explain The Key To Making CSP Viable

April 18, 2011 by Bea Gonzalez
with 254 views
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The move towards CSP yield optimisation has a number of causes and a number of solutions – and the opportunity now exists to give the technology long-term viability.  In the build-up to the CSP Yield Optimisation Europe Conference & Expo (31 May – 1 June, Seville), Solar Millennium explained to CSP Today exactly how the company... [read more]

Database Shows Modes of Transportation By City

March 24, 2011 by Robert Rapier
with 164 views
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Within the U.S., there are cities in which a large fraction of the population walks to work, cities in which almost everyone drives alone to work, and cities in which more than half of the working population takes public transportation to work. A reader recently called my attention to a database he has developed that compares the various modes of transportation for more than 2,100 U.S. cities. The database is called Modes of Transportation to Work. [read more]

Europe Can Teach America about Energy Security and Climate Policy

November 19, 2010 by Andrew Holland
with 226 views
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Yesterday, Forbes.com published a column by Larry Bell, â€śDisarmament in America’s Energy Security Battles”.  I thought it was extraordinary, even by the low standards of opinion journalism, in its blatant disregard for the facts.  So, I wrote to Forbe's editors, in order to correct the record.  I've copied the letter... [read more]

America's Energy Question: What Price Will it Take to Commit to Renewable Energy?

November 9, 2010 by Nathanael Baker
with 1,004 views
1

The economic recession has hit renewable energy industries in the United States hard, and the effects have been accentuated by the country's lack of national energy policy. Many renewable energy businesses have found it increasingly difficult to receive money from financial institutions since 2008.  Yet, even when the finances... [read more]

BP and other large European green-washing polluters funnel cash to U.S. Senators blocking climate action

October 25, 2010 by Joseph Romm
with 845 views
1

Today CAN Europe released a new report based on an analysis of publicly available campaign finance records, definitively proving that polluting European companies are funding climate legislation blockers in US politics. Their overseas support is all the more galling because the same companies argue that additional emissions... [read more]

The price may not be right!

October 19, 2010 by David Hone
with 656 views
4

Last year I argued in a post that the EU-ETS price was fine (at that time it had slipped to some €8 in the depths of the recession) in that it reflected the market circumstances of the day and needless to say the system would still deliver the targeted reduction by 2020. A year is a long time in a recession and although the price has recovered somewhat and in any case the 2020 target will be met, the current circumstances of the ETS may not be right at all. It is now pretty clear that by the start of Phase III there will be a considerable banked surplus of allowances in the system. The actual number varies depending on who calculates it, but it would seem to be somewhere between 800 million and 1.4 billion allowances. It means that not a great deal of effort will have to be expended to meet the Phase III targets and that it is unlikely any transformational change in power infrastructure will actually take place – save for meeting the renewables target. The Netherlands is even seeing 4 GW of unabated coal come into the mix. [read more]

Wall St. Journal's Real Time Brussels blog sees Natural Gas as Europe's Destiny

July 5, 2010 by Rod Adams
with 2,649 views
8

The Wall Street Journal blog titled Real Time Brussels has posted an article titled Natural Gas: Europe’s Destiny that is well worth reading if you want a better understanding of the economic and political forces that are working to change the energy landscape in Europe. The piece compares natural gas against other available options and... [read more]

Sandbag report: Europe’s carbon caps have turned into a carbon trap

May 27, 2010 by Tom Raftery
with 167 views
2

Sandbag, the campaigning organisation focused on emissions trading released a report during the week which claimed that: Sandbag has today released analysis showing how Europe’s carbon caps have turned into a carbon trap…. Emissions have dropped across Europe, however, this has almost exclusively been the result of recession... [read more]