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Environmental Markets & Commodity Reports

Climate change evident across Europe: urgent need for adaptation

London, 21 November 2012

Climate change is affecting all regions in Europe, causing a wide range of impacts on society and the environment. Further impacts are expected in the future, potentially causing high damage costs, according to the latest assessment published by the European Environment Agency today. The report, ‘Climate change, impacts and vulnerability in Europe 2012’ finds that higher average temperatures have been observed across Europe as well as decreasing precipitation in southern regions and increasing precipitation in northern Europe. The Greenland ice sheet, Arctic sea ice and many glaciers across Europe are melting, snow cover has decreased and most permafrost soils have warmed.

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Large investors call for more decisive climate action

London, 20 November 2012

Groups representing the world’s largest investors today published an open letter addressed to governments of the world’s largest economies calling for a new dialogue on climate change policy in order to avert dangerous climate change and its resulting economic impacts. The letter, announced ahead of international climate negotiations starting on 26th November in Doha, calls for:

Kyoto's CDM registers 5,000th project

Bonn, 15 November 2012

The Kyoto Protocol’s clean development mechanism (CDM), the international market-based tool that incentivizes greenhouse gas emission reduction projects in developing countries, has registered its 5,000th project. The Los Cocos Wind Farm Project, located in the south-western province of Pedernales in the Dominican Republic, expects to annually generate 74,200 MWh of electricity and displace 54,183 tonnes of CO2 emissions from electricity previously generated at fossil fuel fired power plants.

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Report on the state of the European carbon market; 2012

London, 14 November 2012

The European Commission is taking two important steps to address a growing imbalance between supply and demand in the EU emissions trading system (EU ETS). As an immediate first step to address the rapid build-up in the surplus of emission allowances, the Commission has proposed to delay the auctioning of 900 million allowances in the third phase of the EU ETS starting next year. The Commission has also adopted a report on the state of the European carbon market which sets out a range of possible structural measures that can be taken to tackle the surplus.

Read more: Report on the state of the European carbon market; 2012

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.

 

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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.

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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.

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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.

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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.

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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.

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