Archive for the ‘Carbon Trust News’ Category

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CCS cost could exceed $150 per tonne of CO2

Friday, July 24th, 2009

The cost of deploying carbon capture and storage (CCS) technology could prohibit it from being used on an industrial scale, a new report has indicated.



CCS is being touted as a key part of low-carbon strategies in the UK and US, among other countries, with UK energy secretary Ed Miliband claiming recently that clean coal will be vital for future energy security.



power plants

However, a new study from the Belfer Center for Science and International Affairs, Harvard University, has warned that it could initially cost $150 (£90) per ton of carbon dioxide (CO2) to deploy on a large scale.
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Carbon Trust waiting on delivery of UK low carbon strategy

Friday, July 24th, 2009

The success of the UK government’s low-carbon strategy will be summed up by how well it is delivered, it has been suggested.



Responding to the launch of the Low Carbon Transition Plan, the Carbon Trust forecast a seven-fold increase in renewable energy power generation over the next 11 years.



using energy

Tom Delay, chief executive of the organisation, suggested that it would be possible for this to be achieved, but proposed that a transformation in “political, economic and industrial thinking” would be required, as well as new technology.

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To deliver this project we will need Herculean effort, and sustained political and engineering action,” he said.



”We can boost our economy, create new industries and new jobs, but we must take action now or risk letting this tremendous opportunity slip between our fingers.

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The Carbon Trust claims it has has helped businesses to reduce their CO2 emissions by 17 million tonnes since it was established in 2001.



It expects that its efforts to commercialise new technologies will contribute towards a further annual reduction of 20 million tonnes of CO2 emission by 2050.

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EU carbon emissions trading policy accused of floundering

Friday, July 24th, 2009

Companies covered by the EU Emissions Trading Scheme (ETS) could get away without reducing their own carbon dioxide output until 2015, it has been warned.



trading

According to Sandbag, weak caps and the effects of the recession mean that industrial and commercial enterprises need to do very little to reduce their actual carbon footprints over the next seven years.



Issuing a new report, the climate change group suggested that there are 1.6 billion surplus permits and credits available for carbon offsetting and mitigation schemes across the EU.



Such a large potential oversupply, it warned, could make it much easier for companies to meet emission reduction targets while also keeping carbon prices low.



The report also predicted that UK enterprises could spend £1.7 billion overseas by 2012 in an attempt to buy up cheap permits and credits instead of having to cut emissions.



Bryony Worthington, founder of Sandbag, said: “Weak targets and the effect of the recession have set the EU ETS on the rocks.



”With too many rights to pollute in circulation the scheme is in danger of being rendered irrelevant.”



In order to remedy the situation, the group is calling for an immediate commitment to emissions reductions of at least 30 percent under the ETS, rising to 40 percent if progress is made in Copenhagen later this year.

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UK government urged to focus on energy efficiency for low carbon switch

Friday, July 24th, 2009

The transition to a low-carbon society in the UK will require a much greater emphasis on business energy-efficiency measures, it has been claimed.



Speaking in response to the publication of the government’s Low Carbon Transition Plan, an organisation helping firms to improve their environmental performance has claimed that renewable energy is only “part of the solution”.



According to the Cumbria Green Business Forum, the plans outlined in the report will help to bring about positive change in current UK business practices and reduce carbon dioxide emissions.



”We do need to focus on renewable energy as a primary target for that. For so long now, the UK has relied upon its own indigenous forces of gas and oil,” said John Barwise, chairman of the group.



However, he added: “I would like to see a bigger emphasis on energy efficiency than is currently the case.

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The Low Carbon Transition Plan calls for ten percent of the required annual emissions cut between now and 2020 to come from greater energy-efficiency in the workplace.

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Carbon Trading Vital to Climate Success

Wednesday, July 22nd, 2009

A global carbon trading network will be vital to preventing dangerous climate change, a new report commissioned by the Prime Minister Gordon Brown concluded today.

The report makes clear that without a global system for carbon trading, the ability of countries to avoid dangerous climate change will be limited and the costs of action increased.

The report follows the Prime Minister’s recent proposal on how developed and developing countries can agree new ways to pay for tackling climate change. He urged countries to work together on a global figure of $100 billion a year needed by 2020 to help developing countries reduce their emissions, tackle deforestation and adapt to the climate change already being experienced. The carbon market could provide a significant proportion of that sum.

The Global Carbon Trading report, by the Prime Minister’s Special Representative on Carbon Trading, Mark Lazarowicz MP, looks at the role that cap and trade systems can play as part of the global response to preventing dangerous climate change – and the steps needed to expand and link trading systems over the next decade.
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Waiting for the low carbon revolution

Tuesday, July 21st, 2009

The low-carbon revolution is not going to happen by itself, says Andrew Pendleton. In this week’s Green Room, he calls on governments put the necessary frameworks in place that will allow the private sector to roll out the technologies needed to deliver the ambitious cuts in emissions.

In the early 1980s, consultants McKinsey completed a study for a US telecoms company predicting there would be fewer than one million wireless subscribers in the US by the turn of the century.

Today, nearly 2.5bn subscribers across the globe are using digital wireless technologies for voice, email, internet access, music and video services.

The firm is now at the forefront of predicting how different, climate-friendly technologies will help us reduce greenhouse gas emissions and at what cost.

In general, its message is helpful and optimistic suggesting, as former British Prime Minister Tony Blair argued recently, that much of the technology we need to fight climate change in the next decade is within our grasp.

However, we should be wary of predictions based on the status quo.

Last week, the UK government published an ambitious plan for transforming the British economy into one that is not only powered by low-carbon technology, but whose transport, housing and manufacturing are climate-friendly too.

The plan is to be applauded, as it signals a significant shift in climate policy from the lofty ideals of the climate change bill.
Its emissions reduction targets also suggest an approach that might best be termed “getting down to business”.

The plan is certain to come in for some stick; and probably from several different angles at once.

The green campaigners, while broadly welcoming it, are generally of the view that it does not go far enough.

The acknowledgement that implementing the plan will increase household energy bills leaves the government open to attack from political opponents and consumer groups. Certainly, one could quibble with some of the detail.

However, the message sent out by the very existence of a centrally planned, government-led, economy-wide response to climate change is loud and will be heard beyond Britain’s shores.

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Low carbon way ‘to reshape lives’

Monday, July 20th, 2009

Ambitious plans to generate one third of UK electricity from renewables by 2020 form the centrepiece of government plans for a low carbon future.

Financial packages for wind and wave energy and changes to planning procedures are among key components of the Low Carbon Transition Plan.
“Smart” meters are to be deployed in 26 million homes by 2020.
The government says the plan will create up to 400,000 “green jobs” without a major hike in energy prices.
“The strategies we are launching today outline the government’s vision for achieving a low carbon future for the UK, reshaping the way we live and work in every element of our lives,” said Business Secretary Lord Mandelson.

“This is a challenge that every economy is facing, and we are determined that by setting clear policy now, Britain positions itself to benefit both economically and environmentally from the transition.”
The measures are designed to meet the UK target of cutting greenhouse gas emissions by 34% from 1990 levels by 2020, and the EU-derived target of producing 15% of energy from renewable sources by the same date.
Currently, greenhouse gas emissions are about 22% below the 1990 baseline, according to government figures, including cuts that companies have purchased through the EU Emission Trading Scheme (ETS).

Among the measures designed to stimulate expansion of renewable power are:
up to £120m to advance the offshore wind industry
up to £60m to stimulate progress in wave and tidal technologies
£6m to explore geothermal energy potential
a new facility to research nuclear technology
financial incentives for home generation
the government will exercise powers to speed up grid connection for renewable installations

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