Archive for 2016
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Casiana Fometescu was invited by Allcot Group to participate this week ( 18-19.10.2016 ) at the Climate Change Conference in Paris, organized by IETA, IEA, and OECD.
Conference participants, coming from both the public sector, especially public technocrats (United Nations, European Commission, EPA – the US Environmental Protection Agency), and the private sector (industries, trading companies, universities) openly discussed current and future trends on the achievement of internationally climate change targets, and current systems existing in the main developed countries (EU, US, Canada, Japan).
The main topics discussed:
For more information about these topics, we are please to answer your questions.
Source: 16th Annual Workshop IETA IEA EPRI on GHG Emissions Trading, OECD Paris
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In a momentous decision last Thursday, 6th October 2016, the International Civil Aviation Organization (ICAO) Assembly passed a resolution to establish a Global Market-based Measure (GMBM) that will help the aviation sector meet its commitment to carbon-neutral growth starting in 2021. This resolution also effectively creates a brand new market for high-quality carbon credits.
ICAO intends for the global aviation industry to achieve carbon neutral growth from 2020 by requiring participating aviation operators to offset any additional emissions above a 2020 baseline. The system will be voluntary from 2021 and mandatory from 2027.
Source: ICAO.int, Montreal
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EU ministers have approved ratification of the Paris climate agreement, making it likely that the global greenhouse (GHG) emissions reduction deal will enter into force before the end of this year.
The unanimous decision paves the way for the European Parliament to give its consent for the deal, after which the Council of EU member states can formally adopt it. It will allow the EU to deposit its ratification instrument before each EU member state has completed its national ratification process.
So far, 61 countries, accounting for almost 48pc of global emissions have ratified the deal. The agreement will enter into force 30 days after at least 55 countries, representing at least 55pc of global emissions have ratified it. The EU accounts for around 13pc of global emissions.
Source: Argus Media, London
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All new passenger vehicles sold by 2035 must not emit any CO2, if the world is to meet the Paris climate deal’s goal to limit the global temperature rise this century to 1.5°C, research group Climate Action Tracker (CAT) has said.
And even this could be too late to avoid the need for significant subsequent negative emissions, it said. A large-scale deployment of electric vehicles will have to be accompanied by power sector decarbonisation to ensure that the vehicles are truly emissions free, Cat said.
The Paris agreement sets targets to keep global warming “well below” 2˚C and “pursue efforts” to limit any increase in temperatures to 1.5˚C.
Source: Argus Media, London
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During the Group of Twenty Summit in China (4-5 September 2016), the USA and China shows very controversial positions on some global major points. But in Hangzhou was also made history. For the first time the both greatest emitters of greenhouse-gases signed the official ratification documents of the Paris world climate summit.
USA and China are emitting 39% of the global human made greenhouse-gases.
The fact, that these both nations never signed the ratification of the Kyoto-Protocol but the Paris climate deal, is an very important milestone on the way of fighting global warming.
Source: www.G20.org
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Last week, the German news magazine N-TV reported about a possible solution to the problem of energy storage. This is a key factor in energy policy, since, unlike coal and gas, which can be permanently converted to electricity, wind and sun are not continuously available. Here now the Norwegian start-up EnergyNest found a way to store the energy effectively. The German concern HeidelbergCement was also involved in the development. The result is a box-shaped module in container size, which can be assembled like Lego bricks with other units.
The CEO of EnergyNest, Christian Thiel, emphasized a special feature of the new storage medium: “Our technology is simple and inexpensive; it costs not more than one-third as much as a battery” and he called the tested and working system “the missing link that enables us to use renewable energy more efficiently in the future.”
Source: N-TV, Germany
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The European Commission published the legislative proposal to revise the Effort Sharing Decision (ESD) on 20 July 2016. The proposal maintains the EU on track towards the decarbonisation of the European economy following the successful outcome of the Paris Climate Change Summit last year.
The legislative proposal tabled by the European Commission includes national targets for EU Member States to reduce greenhouse gas emissions in those sectors of the economy not falling under the EU ETS covering the period 2021-2030, such as road transport, constructions, agriculture, and waste. It was accompanied by a Commission Communication on a European Strategy for Low-Emission Mobility as well as a legislative proposal on how to integrate the land use sector into the EU 2030 Climate and Energy Framework.
Source: The European Commission, Brussels
Written by: Casiana Fometescu
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The first impacts of the climate change are coming these days more visible than ever. April 2016 made a new record with a global average of 13.7°C, what makes a plus of 1.1°C more than the average of the 20th century was. Especially in regions of Russia, Alaska, South America and Asia it was significant to warm. The complete snow-covered surface of the northern hemisphere was never in April so small since the beginning of the human made records.
What might be in the middle of Europe pleasant for most of the people, in India has it dramatically results. The country suffers under unbelievable temperatures of more than 50°C. In Phalodi the sad record temperature of 51°C was seen. These life threatening temperatures have lost lives of a couple of dozen people.
The price of the EU emission allowances was moving under the level of six Euro again last week. The highest influence was the development of the price of Brent crude oil, which had no success to move thru the 50-US-Dollar-resistance.
Source: Advantag News, Germany
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An interesting development has been reported this week. ICAO is apparently “considering new rules that would require airlines to buy two forest credits for each metric ton of carbon dioxide, double the typical amount.” ICAO declined to comment.
A few days later it was reported that there are “deep divisions” between countries over the deal to curb aviation emissions, such as between the US and China.
Talks continue, and the deal is due to be voted on at ICAO’s full assembly in October.
Please read the Bloomberg article here.
Source: Bloomberg & CMIA, London
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