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Tag: carbon
Executive says NDP carbon tax expansion plan throws darts at struggling natural gas industry
2013-04-13 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Vancouver Sun: An NDP plan to expand the carbon tax to cover vented oil and gas emissions will damage the natural gas industry while raising little new revenue, industry analysts said Friday. Low natural gas prices mean the industry is struggling to survive and by signalling that it intends to add more to costs, the NDP is adding a burden the industry cant afford, said Peter Tertzakian, chief energy economist at ARC Financial Corp. Until there is some price recovery for natural gas by being able to access global...
Tags: plan
industry
natural
tax
Carbon dioxide removal can lower costs of climate protection
2013-04-12 22:16:00| Climate Ark Climate Change & Global Warming Newsfeed
ScienceDaily: Directly removing CO2 from the air has the potential to alter the costs of climate change mitigation. It could allow prolonging greenhouse-gas emissions from sectors like transport that are difficult, thus expensive, to turn away from using fossil fuels. And it may help to constrain the financial burden on future generations, a study now published by the Potsdam Institute for Climate Impact Research (PIK) shows. It focuses on the use of biomass for energy generation, combined with carbon capture...
Tags: lower
costs
protection
removal
Why are carbon markets failing?
2013-04-12 18:37:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: Carbon markets have lost us more than 15 years in the battle against climate change yet we continue to plough forward with scaling them up. Why? Some hope that this global expansion of carbon markets will revive their fortunes, helping to raise billions for investments in low-carbon and climate change mitigation technologies. Others, including myself, take a more evidence based approach, arguing that this hope of the pro-market lobby is unfounded, given the inefficient and even corrupt nature...
German, U.K. Ministers Urge Support For Carbon Fix
2013-04-12 11:31:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: Six environment and climate chiefs, including German Environment Minister Peter Altmaier and U.K. Energy and Climate Secretary Ed Davey, pressed European Union lawmakers to back a rescue plan for the worlds biggest carbon market, as divisions persist before a key vote. The European Parliament is to decide April 16 on the future of a measure to enable delaying the sale of some permits in the EUs 54 billion-euro ($70.8 billion) emissions trading system. The plan, designed to bolster prices in...
Tags: support
german
fix
carbon
Crunch vote nears that could kill EU carbon fix
2013-04-12 11:29:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Months of bitter argument culminate next Tuesday in a make-or-break vote on an attempt to prop up the European Union carbon prices, which plunged to record lows earlier this year. A proposal put forward by the European Commission last year to remove temporarily some of the glut of carbon allowances that has depressed the Emissions Trading Scheme (ETS) was meant to be a quick and easy fix. But opinion is deeply divided and EU sources say a defeat in a plenary session of the Strasbourg parliament...
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