Environmental Markets & Commodity Reports
EC's back-loading of 900m EU ETS allowances
Oslo, 13 November 2012
The European Commission last night announced long-awaited proposals designed to “rebalance” the European carbon market and deal with the supply overhang, of some 2bn allowances, which has depressed carbon prices. The Commission’s proposal is to remove 900m allowances from the EU’s Emissions Trading Scheme (EU ETS) between 2013-2015 and then reinject this volume in 2019 and 2020, according to Thomson Reuters Point Carbon, the leading provider of market intelligence, news, analysis, forecasting and advisory services for the energy and environmental markets.
EC proposes cutting 900m CO2 permits
London, 13 November 2012
Reuters Point Carbon: The EU Commission on Monday said it would propose removing 900 million EU carbon permits from the bloc’s Emissions Trading Scheme over the next three years to prop up carbon prices, although traders were split over the impact it may have. The allowances, to be withheld from state-backed sales from 2013-2015, would then be reintroduced to the market in 2019 and 2020, the Commission said in a release on its website.
EU ETS aviation “weak signal” to the market
London, November 2012
The withdrawal of non-EU flights from the EU’s Emissions Trading Scheme (EU ETS) would reduce the aviation sector’s participation in the scheme by around 60%, according to Thomson Reuters Point Carbon, the leading provider of market intelligence, news, analysis, forecasting and advisory services for the energy and environmental markets.
US executives most likely to shirk carbon responsibility
London, October 2012
More than eight in ten executives in the European Union, India and China agree – cutting carbon emissions is an important business responsibility. In the US, however, barely 60% of respondents to a survey, conducted by the Economist Intelligence Unit and commissioned by the Global Buildings Performance Network, are of that opinion. This presents significant challenges for policymakers and others aiming to mitigate climate change.
Read more: US executives most likely to shirk carbon responsibility
About-turn by EC on biofuels policy set to decimate biofuels industry
London, 17 October 2012
The EU farmers and biofuels industries remains steadfastly opposed to the European Commission’s proposal to limit biofuels made from certain arable crops and to add indirect land use change( ILUC) to the renewable energy and fuel quality directives. A proposal based on unfounded and immature ILUC science and a 5% cap in 2020 would destroy the biofuels industries and related sectors such as crushing and sugar facilities. It would also cut off European farmers from a key market, reducing the crops diversification. Any change in policy must safeguard the investments made and ongoing toward fulfilling the Commission’s initial objectives of 10% renewable energy for transport production in the EU. Fundamental problems remain in the EC proposal which will have devastating impact on the biofuels industries and diversification of farmers’ revenues.
Read more: About-turn by EC on biofuels policy set to decimate biofuels industry
Clean energy investment falls short
London, 9 October 2012
Global investment in clean energy totalled $56.6bn in the third quarter of 2012. This was down 5% on the second quarter and 20% lower than in Q3 2011, explained partly by weaker figures from the US and India, and a lull in wind farm financings. Today’s figures, published by research company Bloomberg New Energy Finance, suggest that the full-year 2012 figure for investment in clean energy is likely to fall short of last year’s record $280bn. If so, 2012 would be the first down-year for world investment in the sector for at least eight years.
Greenhouse Gas Market 2012
London, 1 October 2012
The International Emissions Trading Association (IETA) has released its annual publication, IETA Greenhouse Gas Market 2012, offering in depth analysis of the major developments in carbon markets worldwide. The report features the latest developments in emerging emissions trading programs in California, Quebec, Australia, China, and South Korea.
Kyoto’s first commitment period oversupplied by 13 bn tonnes
London, 13 September 2012
The first Kyoto commitment period (2008-2012), is oversupplied by some 13 billion tonnes (13.1 Gt) of CO2, according to recent analysis by Thomson Reuters Point Carbon, a leading provider of market intelligence, news, analysis, forecasting and advisory services for the energy and environmental markets. This figure is over three magnitudes higher than the estimated demand of 11.5 million tonnes (Mt).
Read more: Kyoto’s first commitment period oversupplied by 13 bn tonnes
CME Group Ethanol Outlook Report
Chicago, 4 September 2012
The EPA waiver of the RFS ethanol mandate would raise net household expenses, according to Renewable Fuels Association (RFA) -- The EPA will accept public comments until September 26 on the request by six governors for the EPA to fully or partially waive the RFS mandate for ethanol usage in 2013. An EPA decision is due by late November, after the November 6 elections. Various food industries are lobbying hard for a waiver with the argument that reducing the ethanol mandate would reduce corn and food prices.
The competition for ethanol feedstocks
London, 28 August 2012
The Czarnikow Sugar Review: The global ethanol market has grown 400% in the last decade, driven by the United States and Brazil. Rapid adoption of Flex Fuel Vehicles (FFVs) capable of using any mix of gasoline and ethanol has supported demand in Brazil. The mandated Renewable Fuel Standards (RFS) has similarly supported ethanol consumption in the United States. This summer’s drought conditions in the US have pushed up the price of corn, the primary feedstock for US ethanol production.
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