carbon crazy
We are f***ed unless we start doing something now. This is my honest opinion.
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2009-11-15
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2009-11-13
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CERs and their “bankability”
We had a meeting with Deutsche Bank at work the other day, talking about Certified Emissions Reductions (CERs) and how/if/when/exceptif they will be transferable from one EU-ETS compliance period to another. Complicated and unclear as the rules are, people in the know really are in a situation to make some great deals. Maybe I should get ambitious and try to summarize what you can and can’t do with these carbon emissions reduction credits… sounds like something fun for the weekend!
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Next month’s United Nations climate change conference is doomed to failure.
— Today’s FT. Great start of the morning. Hopefully we will stop screwing around and get something done before the end of 2010.
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2009-11-11
OK, so Hans Rosling is not the most inspiring, but the gapminder.org tool rocks, and the data he is talking about here is very interesting…and frightening.
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2009-11-10
“fewer Americans — 52 percent — support a cap-and-trade approach to limiting greenhouse gas emissions” — according to a June 2009 poll by Washington Post/ABC News. Well, f****. That sucks for mr. Waxman (had to add some color to this thing…) and for the rest of us.
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Obama
Has been (supposedly) so busy with health care reform, that there is no time to get anything climate change through before CoP15. That means there won’t be a deal in 2009 (there is no way Obama is going to agree to anything before he has backing domestically—not after Clinton and Kyoto)…
The question then: when will there be a deal, and what will this lack of a deal this time around mean for carbon prices, contract prices, and project development?
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Barack Obama and Hu Jintao are set to unveil a deal to boost clean energy co-operation between the two countries in Beijing next week.
But the agreement, which will include joint research projects on carbon capture technology and electric cars, is unlikely to include a breakthrough on climate change before the Copenhagen summit in December, say officials.
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What will they actually agree? Will it be enough? Another reason to think Copenhagen is going nowhere…fast. Unfortunately.
source: ft.com
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2009-10-30
So the EU means business, then.
If you’re in the carbon business chances are you have lost some sleep over carbon prices to come… will there be a price for a CER exchangeable for an EUA under EU-ETS after 2012? What will it be? For me at least, there is some comfort to be had in the council’s strong support for a “price” on carbon.
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RECALLS the crucial importance of carbon markets and, in this context, REITERATES that putting a price on GHG emissions through cap-and-trade systems and other market-based mechanisms is imperative for driving low-carbon investments and for achieving global mitigation objectives in a cost-efficient manner.
— Council Conclusions on EU position for the Copenhagen Climate Conference.
