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Does The EU ETS Need A Price Correction?

After a post-recession recovery to some €17, EU-debt driven jitters have hit the EU ETS and in recent days it has fallen close to €10 per tone of CO2. Some market watchers have praised this as indicative of a system which is responsive to the...

Posted August 12, 2011    

Could California Suffer The EU-ETS Problem?

As I have noted in recent posts, the EU Emissions Trading System is suffering a decline in fortune. The price has been relatively low since the onset of the financial crisis, driven in part by a decline in industrial activity linked to the...

Posted August 1, 2011    

Australia – the “Lucky Country”

Australia has long been referred to as “The Lucky Country”, originally taken from the 1964 book of the same name by social critic Donald Horne.I can only ever remember this being used in a favourable context, given the natural resources available to...

Posted July 12, 2011    

Back to Basics on Climate Science

Last week I had the privilege to attend an MIT forum and listen to the keynote address given by Nobel laureate Mario Molina. The subject of the address was the issue of conveying an understanding of the science of climate change to the general...

Posted July 5, 2011    

Will The US Make Its Emissions Target? Yes, According To The US!

It has been an interesting week for climate change news, with the IPCC releasing its full report on renewable energy, the European Commission moving ahead with energy efficiency legislation, very little happening at the UNFCCC talks in Bonn and of...

Posted June 23, 2011    

How Removing Allowances Can Bolster The EU's Carbon Price

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...

Posted June 21, 2011    

2011: A Year Of Weather Extremes

By many accounts 2011 has been a year of weather extremes and some commentators have used certain events to highlight the risks associated with climate change. While there is increasing evidence of unusual global weather events, should we just...

Posted June 15, 2011    

Getting Down to Business At Bonn Climate Talks

Over the next two weeks the national negotiating teams to the UNFCCC will meet in Bonn to continue the discussions on a global agreement and to review a number of technical issues relating to the negotiations.As the process rolls on, some shape is...

Posted June 8, 2011    

An Electric Hummer in London – Sort Of!!

Saturday afternoon in Bond Street is a great place to see all manner of Aston Martins, Maybachs, Lamborghinis and just possibly a Bugatti Veyron. But the car that was turning heads last Saturday was a downsized electric Hummer. In fairness this isn’...

Posted June 1, 2011    

The Nature of Uncertainty

As the debate continues in Australia with regards the implementation of a carbon price, the issue of investor uncertainty has risen up the agenda. A recent interview conducted by ABC (Australian Broadcasting Corporation) illustrates the point:One of...

Posted May 27, 2011    

Ambitious Carbon Reduction Targets For The UK, But . . .

On Tuesday in the House of Commons, the Secretary of State for Energy and Climate Change, Chris Huhne, announced that the UK would adopt the recommendations of the Climate Change Committee and shift the economy towards ambitious...

Posted May 19, 2011    

Renewable Energy – What Is The IPCC Telling Us?

Later this month the IPCC (Intergovernmental Panel on Climate Change) will launch a very substantial report on Renewable Energy and Climate Change. In advance of that, a “Summary for Policy Makers” was released early this week following the 11th...

Posted May 13, 2011