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Climate Change and the Carbon Bubble Reality Check

In recent months there has been a renewed look at the idea of a financial carbon bubble, or unburnable carbon reserves. Most recently, a report from The Carbon Tracker with a forward by Lord Stern of the Grantham Research Institute on Climate...

Posted May 3, 2013    

EU Parliament Voted No, So Now What for the Emissions Trading System?

As is well known by now, the EU MEPs voted against the specific backloading proposal that was put before the Parliament. However, the Parliament also voted against the outright rejection of the proposal, which means that the Parliament...

Posted April 20, 2013    

Top 10 Reasons to “Backload” EU Emissions Trading System

After a day in Brussels listening to European MEPs, it is clear that the Parliament vote next week on the Commission proposal to backload the auctioning timeline in Phase III of the European Emissions Trading System (EU ETS), is going to be...

Posted April 12, 2013    

On Energy and Climate Change Issues, Mixed Messages

The Easter break provided a good opportunity to catch up on some recent climate stories, but the current messages delivered by the various media and other outlets vary enormously with a bewildering array of assertions and counter claims.The...

Posted April 7, 2013    

Global Carbon Market Possible through Existing Climate Change Framework?

Back in the middle of last year, UNFCCC Executive Secretary Christiana Figueres tweeted:Are you up to date with #climatechange acronyms? What is EASD? NMM? FVA? WEMA?The answer is Equitable Access to Sustainable Development, New Market Mechanisms,...

Posted March 30, 2013    

The Origins of Climate Change Science

We tend to think of climate change as a relatively modern issue, perhaps marked by the testimony before Congress of James Hansen in summer 1988.  The terms “climate change” and “global warming” hardly appear in literature before 1975 and didn’t...

Posted March 23, 2013    

The Case for EU Demonstration of Carbon Capture and Storage Technology

In recent months, particularly in the EU, the prospect of a major demonstration of CCS across various sectors and employing a variety of technologies has slipped badly. Perhaps the bottom was reached when in the EU not a single CCS project was...

Posted March 15, 2013    

"Fool's Gold" in the Climate Rush

Late last week saw the public release of the new Shell energy scenarios, under the heading “New Lens Scenarios”. This is always a much anticipated moment in Shell, a bit like the Olympics as it only happens every few years – the last ones were...

Posted March 7, 2013    

Mental Model for Managing CO2 Emissions

For regular readers, this may seem like a repeat of recent themes, but there is a point which will become clearer as the new Shell scenarios are released later this week.Over recent years, the focus for managing rising CO2 emissions has been a...

Posted February 26, 2013    

Open Letter to the EU Parliament Environment Committee

Dear ENVI Committee,Next week you have to make an important decision on the future of the EU ETS. The Commission has proposed that 900 million allowances due to be auctioned at the beginning of this phase of the ETS be held back and returned to the...

Posted February 15, 2013    

Lock-In Wedges to Address Climate Change

Nearly a decade ago then-CEO of BP, Lord John Browne, gave a landmark presentation on climate change mitigation in the City of London. He introduced to the broader interest group (the work had already circulated in the academic sector) the idea of...

Posted February 9, 2013    

Clean Energy in Europe Suffering from Falling CO2 Prices

The EU Emissions Trading System (ETS) is facing tough times. Last week saw the price fall to below €3 after the European Parliaments’ Industry & Energy (ITRE) Committee voted against the Commission proposal to amend the ETS Directive to allow...

Posted February 1, 2013