Empty rhetoric. That’s the verdict on the recently established New Zealand Emissions Trading Scheme (ETS) from Geoff Bertram and Simon Terry in their searching book The Carbon Challenge: New Zealand’s Emissions Trading Scheme. It is something of a cautionary tale for others contemplating such schemes. (more…)

China, which last year walked away from COP 15 without agreeing to anything, now wants to hold its own climate talks.

The talks, scheduled for October, according to the UN’s top environmental official, Achim Steiner, will take place in the northern Chinese port of Tianjin, northwest of Beijing.

Government officials around the industrialized world are hoping that the Tianjin talks will pave the way for a new, binding, climate change treaty after COP 15’s (more…)

With the recent presidential push for climate change legislation, it is now more important than ever to understand the underlying fundamentals of a key aspect common across all climate bills – the issue of carbon offsets. The most recent bill, the American Power Act (APA), proposed by Senator John Kerry and Senator Joe Lieberman, specifically provides for up to 2 billion offsets/annum spread across international and domestic projects. That’s a significant volume, considering that it translates into almost 40% of the total cap and trade expected until 2020.  It will be one of the largest and most intensely scrutinized markets of all time apart from being one of the key mechanisms by which emission reductions are actually achieved. The sheer variety of project types, locations and, standards frequently make carbon trading appear to be as complex as astrophysics for most of us on the ground.

Fortunately though, the last few years of carbon trading and project development in voluntary markets and as part of the Kyoto Protocol have clarified the essential characteristics of good projects.  These common principles define good and reliable emission reduction projects from not-so-desirable ones. Faced with a multitude of carbon offset standards (administered by as many independent certification bodies that certify carbon offsets according to a list of predefined criteria), it is important to keep one’s eyes on the prize – real, verifiable emission reductions.  In other words, a carbon offset must represent a verified actual ton of CO2 reduced uniquely, without adverse effect on the socio-economic environment, and in addition to any emissions that may have been reduced as a matter of course.

(more…)

An old Israeli joke describes how God led Moses through the desert to the Holy Land for 40 years, through hardships and dangers, only to lead the Israelite nation to the only spot in the Middle East where there isn’t a drop of oil.

Two thousand years later, things have remained pretty much the same. Today, Israel is considered an “island-state”, with over 99% of its capacity produced from imported fossil fuels.

In alignment with global trends, Israel has experienced a recent surge of new ventures in the field, comprising commercial, academic and regulatory initiatives. Although a pioneer and home to world leaders in the RE field, the post-80s low oil pricing era left the Israeli RE industry relatively dormant in comparison with its blossoming high-tech activity. (more…)

Delegates from developing nations at the Copenhagen conference were incensed after reading a leaked document purporting to show that a group of wealthy nations intends to sideline the UN in future climate change negotiations and place CO2 emissions restrictions on poorer nations.

The Guardian reported that the so-called “Danish text” — reputedly drafted by wealthy nations including the United States, the United Kingdom, and Denmark — would abandon the principles of the Kyoto Protocol requiring industrialized nations to commit to binding greenhouse gas emissions while poorer nations were not compelled to act. The draft text would hand control over financing climate change projects in the developing world to the World Bank and would make funds given to poorer nations for climate change adaptation contingent on those nations taking actions to reduce emissions.

(more…)

The climate talks in Copenhagen will not be the final chance for the world to confront climate change, U.S. Energy Secretary Steven Chu said. And while the historic negotiations should produce meaningful results on greenhouse gas reductions, he said, negotiators should avoid unrealistic goals.

“You have to bring more people along,” he told reporters during a briefing in Vienna, “So don’t tee it up as now or never.”

World leaders will gather in December in hopes of crafting the successor to the Kyoto Protocol. While some developing nations want richer countries to cut CO2 emissions by 25 to 40 percent from 1990 levels by 2020, Chu said targets that are too aggressive would not likely be approved by U.S. lawmakers.

(more…)

For the fourth year in a row, Europe has reduced its carbon dioxide emissions, with CO2 output falling by 1.3 percent in 2008.

The recession appears to be the main factor in the emissions reduction, as factories were idled across the continent. But European Union Environmental Commissioner Stavros Dimas said the EU’s emissions trading scheme and development of renewable energy sources also is playing a part in the reduction.

“This is a timely message to the rest of the world in the run-up to the Copenhagen climate conference,” said Dimas.

(more…)

Despite a global recession, carbon dioxide emissions rose by 1.94 percent in 2008 to 31.5 billion tons, the 10th straight year of significant increases, according to the German renewable energy institute, IWR.

The institute calculated the increase using official government figures, noting that CO2 emissions have risen by 40 percent since 1990 — the year against which emissions reductions were to be measured for the 1997 Kyoto Protocol limiting greenhouse gases.

(more…)

“No doubts remain. Climate change is real and the build-up of greenhouse gases in our atmosphere is increasingly at an alarming rate.” With these words, Rafael Quiroga, General Manager of Accion RSE, initiated the seminar “Corporate Strategic Management of Climate Change and Greenhouse Gas (GHG) Emissions.” This is not another “green business” seminar from a European or North American city, it took place here — in Santiago, Chile.

The event brought together speakers from the Chilean private sector that gave concrete examples of their companies’ climate change and GHG management initiatives. First, it showed how Essbio, a water purification company, has been dealing with the ever-prescient and escalating challenges of decreasing water reserves due to climate change.  Second, it illustrated the emissions and energy reductions Xstrata Copper, a mining company, has committed to and the steps it has taken to minimize the release of contaminants in its industrial processes. Third, it explained what Natura cosmetics has done since 2007 to become a “carbon neutral” business by calculating all GHG emissions in the company’s supply chain, transportation, and production of its various cosmetics products, and purchasing the equivalent amount of CO2 tonnage in carbon credits on the international carbon markets.

(more…)