3E Intelligence

Archives for carbon trading

Last week saw two very interesting stories: The Australian government of Kevin Rudd presented its Green Paper on a possible greenhouse gas emissions trading scheme. Australia wants to have its “Carbon Pollution Reduction scheme” (a better name than the EU’s ETS)  started by 2010. It will cover around 1000 companies in the energy sector, transport… » read more

Posted by Willy De Backer

“EU can’t cut emissions. Greenhouse gases are mounting despite antipollution policy” is the triumphant title and subtitle in today’s (3 April) Wall Street Journal (print version). Things might not be as bad as the US neo-liberal journalist of the WSJ pretends, but the last report on the emissions from EU installations which are subject to… » read more

Posted by Willy De Backer

Europe’s energy-intensive industries surely have done a great job in the last six months convincing European policymakers that stringent CO2 measures for their sector would lead to relocations and thus “carbon leakage”. As a result of this successful lobbying, EU leaders last week felt obliged to make promises to protect these industries by possibly giving… » read more

Posted by Willy De Backer

Here is another proof that Europe’s climate “leadership” could quickly be eclipsed once the United States has fully woken up to the climate/energy challenge. A new report published yesterday by New Carbon Finance, one of the world’s leading carbon market analysts, shows that an American cap-and-trade system based on current proposals in the US Congress… » read more

Posted by Willy De Backer

There is some good and some bad news about the International Carbon Action Partnership (ICAP) which was launched in Lisbon on 29 October. First the good news: the new international forum links up the EU Commission and seven member states (France, Germany, the UK, Italy, the Netherlands, Ireland and Portugal) with eleven US and Canadian… » read more

Posted by Willy De Backer

Senators Joe Lieberman (Independent) and John Warner (Republican) presented a new initiative to tackle global warming on 18 October. The new proposal (“America’s Climate Security Act”) got the support of several senators from both main parties and some environmental think tanks. The proposed bill introduces a mandatory cap-and-trade system similar to the EU’s emission trading… » read more

Posted by Willy De Backer

Professor Michael K Dorsey (Dartmouth College) questions the market-based solutions to climate change in a recent article published in Foreign Policy in Focus. Under the provocative title “Green Market Hustlers“, Dorsey tries to prove that “neither cap-and-trade nor its other market-based ilk will bring us back from the edge. Indeed, the market approaches and the… » read more

Posted by Willy De Backer

The EU’s emissions trading scheme (ETS), the center piece of the EU’s climate change strategy, is hailed by decision makers as the most cost-effective market-based solution to reducing greenhouse gas emissions. But the ETS 1.0 has clearly shown its weaknesses and therefore the Commission is preparing ETS 2.0. But if it is true that climate… » read more

Posted by Willy De Backer