| Carbon Week |
| Carbon Week |
Once an entity has opened an account, there will generally be little limitation on the number or types of Kyoto units that it can acquire or hold. The data show which groups face a liability. The land carbon reductin (left) was achieved by land-clearing bans. Tansfer of Kyoto units from entities holding accounts will be limited by provisions in the Kyoto Protocol, such as;
(Full Article)The COAG Working Group on Climate Change and Water released an exposure draft Renewable Energy (Electricity) Amendment Bill 2008 (the Bill) and associated draft regulations for public consultation. The Bill and regulations reflect the RET scheme design currently being considered by the Working Group.
(Full Article)The NSW Auditor, Peter Achterstraat in an unusual note to Delta Electricity 2007 - 2008 annual report said his report could not provide assurance about the future viability of the corporation. He warned the valuation of its power stations -were proposed at about $1.5 billion - and had increased about $200 million since a last year, but, the value was in fact, unknown, due to the impact of carbon policy.
(Full Article)Government will allow entities to use eligible Kyoto units for compliance with Scheme obligations, in particular the two project based mechanisms.
(Full Article)The While Paper proposed unlimited banking, to avoid price volatility in a system with short-term banking and borrowing, as shown above; at the risk that banking might result in higher initial prices for permits. The White Paper said 'disallowing banking between phases could lead to the collapse of the price of permits at the end of the non-banking phase and then a large price step up in the next phase, as occurred in the EU ETS'. Misconduct was also a risk.
(Full Article)COAG issues new post carbon-market principles for state governments to manage feed-in tariffs, NGACs, WARETS, VRETS and GECS
(Full Article)Pollution by nations which had ratified the Kyoto Protocol fell 17 per cent:1990 to 2006, but grew, since year 2000, delegates were told at a Pozna, Poland meeting about the Kyoto Protocol, where almost 11000 participants, and 187 Parties to the UNFCCC, and representatives from business and industry, gathered for a two-week meeting
(Full Article)A set of principles to 'guide assessment of emission reduction measures and determine whether the measures complement emissions trading; was published by the December Coalition of Australian Governments meeting.
(Full Article)