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California Outlook Sees Decarbonized Transport Systems

Bloomberg New Energy Finance (BNEF) reports that Californian fuel demand and its vehicle fleet will be transformed over the next six years, including a drop of gasoline demand by nearly 9 percent. In an alternative scenario, an even more aggressive regulatory program will cause demand to drop 13 percent. Demand … Read more »

European Carbon Market Waning

The United Nations created the first carbon emissions market in 2001, but the global trading system’s influence is waning. Fewer markets are accepting UN Certified Emissions Reductions, (CER) credits created from investment in carbon-reduction programs, as programs from China to California adopt their own standards, according to Bloomberg Businessweek. In … Read more »

Carbon Market Value to Climb 15% in 2014

Global carbon markets’ value will rise 15 percent this year to 46 billion euros ($63 billion), Bloomberg New Energy Finance forecasts. The analysts attribute the increase to the European Union’s plan to postpone sales of emissions permits. This may boost European carbon prices to 7.5 euros ($10) a metric ton … Read more »

airplane

Global Aviation GHG Plan Set for Vote

The UN aviation body will today vote on a plan to curb the industry’s greenhouse gas emissions by adopting a global market-based measure by 2020. The International Civil Aviation Organization (ICAO) executive committee reached a deal late Thursday to “decide to develop a global MBM (market-based mechanism) scheme for international … Read more »

airplane

ICAO Grounds Aviation GHG Plan

The UN International Civil Aviation Organization (ICAO) Council failed to adopt a global, market-based measure to reduce carbon emissions from international aviation. Instead, the ICAO yesterday agreed to “have tools in place” by 2016 to develop a market-based measure and come up with a global aviation carbon management plan beginning … Read more »

Aviation Emissions Report Adds Urgency to GHG Plan

Aviation Emissions Report Adds Urgency to GHG Plan

Emissions trading offers the best and most cost-effective way of mitigating aviation emissions and climate impact by 2050, according to a report by Manchester Metropolitan University’s Centre for Air Transport and Environment (CATE). The least effective strategy is biofuels, using the assumptions of the UK Committee on Climate Change’s assessment … Read more »

Boeing 787-10 Dreamliner

GHG Plan Could Cost ‘Less than 0.5% of Total Airline Revenue’

The aviation industry can achieve its goal of carbon-neutral growth from 2020 by tapping into the available supply of carbon credits at a cost to the industry as low as $4 per metric ton of CO2, according to analysis published today from Bloomberg New Energy Finance and Environmental Defense Fund … Read more »

Cellulosic Ethanol ‘to Be Cost Competitive by 2016’

Cellulosic Ethanol ‘to Be Cost Competitive by 2016’

Cellulosic ethanol is on track be cost competitive with corn-based ethanol by 2016, a development that could drive the fuel’s production, according to an industry survey conducted by Bloomberg New Energy Finance. The survey focused on 11 major players in the cellulosic ethanol industry, all of which use a technique … Read more »

European Aviation GHGs ‘Likely to Fall 1.5% in 2013’

Greenhouse gas emissions from flights within Europe are likely to fall by around 1 million tons or roughly 1.5 percent this year, according to Bloomberg New Energy Finance. The drop should come as carriers bring newer, more fuel-efficient fleets online and pack their planes more tightly as a result of high oil prices, New … Read more »

Democrats Canvas Walmart, NFL, Apple on Climate Change Strategies

Congressional Democrats’ Bicameral Task Force on Climate Change has written to Google, the NBA, the NFL, Walmart, Wells Fargo, the Clinton Global Initiative and more than 300 other organizations to canvas their opinions on combating global warming. The letter, which was also sent to companies including Whole Foods, Target, Ford, … Read more »

Adobe, Ernst & Young are Leaders in Renewable Purchases, Bloomberg Finds

Adobe, Ernst & Young are Leaders in Renewable Purchases, Bloomberg Finds

  The share of renewable energy purchased voluntarily by companies in the Corporate Renewable Energy Index grew from 14 percent in 2009 to 16 percent in 2011, indicating corporations are increasingly shifting the focus of their sustainability strategy from energy efficiency to renewable energy, according to the 2012 CREX study. … Read more »