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Moscow smokestacks Environmental Leader

Do Carbon Offsets Actually Increase Emissions?

A study released by the Stockholm Environmental Institute (SEI) has revealed serious issues with the environmental integrity of carbon credit issued under Joint Implementation (JI). According to the review, about three-quarters of the carbon credits issued under JI may have actually increased emissions by about 600 million metric tons. JI … Read more »

Policy & Enforcement Briefing: AZ Solar Ruling, GMO Veto Override, China’s ‘Red Lines’

The Arizona Corporation Commission has agreed, 3-2, to preserve the state’s net metering system for distributed solar power but to levy a 70 cents per kW charge to help compensate utilities. That is between one-eight and one-tenth of the charge the utilities had sought. Regulators also told the utilities to … Read more »

Policy & Enforcement Briefing: Bonn Climate Talks, Water Act, Dam Protest

Delegates from 160 nations agreed in Bonn that a successor to the Kyoto Protocol should allow emissions targets to be tightened without further negotiations, if researchers find that floods, droughts and sea levels are worsening, Reuters reported. But a deep divide remains between China, which says developed nations should collectively … Read more »

Policy & Enforcement Briefing: EPA Bee Report, Post-Sandy Aid, Energy Contracts Urged

Senate Energy and Natural Resources Committee chairman Ron Wyden (D-OR, pictured) has urged President Obama’s administration to contract for the remaining $1.5 billion in energy savings performance contracts (ESPCs) by the end of 2013. Obama committed the federal government in December 2011 to spend $2 billion on energy upgrades via ESPCs, as part of the … Read more »

Policy & Enforcement Briefing: BLM Opposes Shale Dev, US Carbon Tax, Calif. ETS, Australia Backs Kyoto

Policy & Enforcement Briefing: BLM Opposes Shale Dev, US Carbon Tax, Calif. ETS, Australia Backs Kyoto

The Interior Department issued a final plan to close 1.6 million acres of federal land in the west originally slated for oil shale development. The BLM cited environmental concerns for the proposed changes, which are open for a 30-day protest period and a 60-day process before implementation, The Hill said. … Read more »

UN Emission Credits ‘May Drop to Almost Zero’

UN Emission Credits ‘May Drop to Almost Zero’

Orbeo has said prices for United Nations emission credits may drop to almost zero this year, Bloomberg News reports. Orbeo, a carbon-trading company owned by Solvay Energy Services, also predicts a possible rebound after 2015. Investors are dumping the UN greenhouse-gas credits known as Certified Emission Reductions, Orbeo senior manager … Read more »

Glut of Offsets Threatens Global Carbon Market

The Kyoto Protocol’s emissions offset market is oversupplied by 13 billion metric tons of carbon dioxide, more than 1,000 times greater than the anticipated demand of 11.5 million mt, according to analysis by Thomson Reuters Point Carbon. The surplus in the first Kyoto commitment period (2008-2012) could compound in the … Read more »

Power Assure Products Used in UNFCC Methodology

Data center infrastructure and energy management provider Power Assure Inc. has announced that two of its products form “the foundation” of a new United Nations Framework Convention on Climate Change monitoring methodology. Power Assure’s EM/4 Dynamic Power Management product and PAR4/UL2640 for IT equipment baseline measurements are the basis of … Read more »

GlobalData Forecasts Increasingly Volatile Carbon Market

The price of carbon credits traded in regional and national emissions markets worldwide will become increasingly volatile and difficult to accurately forecast through 2015, according to a report by GlobalData. GlobalData said the prolonged European sovereign debt crisis, a glut of carbon credits and uncertainties under the Kyoto Protocol are … Read more »

E&Y: Global Carbon Plan Unlikely Soon

Businesses should not hold their breath waiting for an international agreement on climate change, according to a report by Ernst & Young. After the failure of the Durban conference to commit the international community to a new deal on carbon emissions, the consultancy believes that it is unlikely that an … Read more »

Policy & Enforcement: EU 2020 Targets, Japan Nuclear Safety, Light-Duty Vehicle Emissions

A European Commission analysis said that raising the EU’s 2020 emission reduction target to 30 percent may be less costly than previously reported. The cost of going to 30 percent, previously estimated at about $42 billion, is likely lower due to the economic downturn and resulting lower emissions, and costs … Read more »

‘Prepare for Low-Carbon Economy This Year,’ Ex-UN Climate Chief Says

Results from the Durban climate talks show that businesses should start preparing in 2012 for a low-carbon economy, according to the former executive secretary of the U.N. Framework Convention on Climate Change. Yvo de Boer told the Guardian that Durban sent a strong message to business that the world’s governments … Read more »

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