So this big plan for international Carbon Trading, how long will it take to set up all the national and regional markets ? And how long will it take to get some kind of serious reduction in Carbon Emissions using the market ?
Well, judging by this week’s slalom race on the melting Climate piste, I’d say it will be a good few years yet before a functioning international Carbon market will be viable, and a good few years after that that it will start to deliver any real reductions in emissions.
That could easily take us past 2015, the year that Kevin Anderson of the Tyndall Centre knows we have to peak our emissions or face Climageddon (unless we can produce negative emissions. Yeah. Right.) :-
Presentation Slides : http://www.eci.ox.ac.uk/4degrees/ppt/10-1anderson.pdf
Presentation Audio : http://www.eci.ox.ac.uk/4degrees/audio/10-1anderson.mp3
Continue reading Cut To The Chase
The European Parliament, far from closing down Big Carbon, has just agreed a whole raft of exemptions to the Emissions Trading Scheme.
The original plan was to have all Carbon Allowances auctioned as of 2013. That won’t be happening now.
There will be more Carbon Dioxide floating away into the skies. And less revenues from the sale of Carbon Permits to finance Carbon Capture and Storage (which was part of the original plan).
Energy supply and Carbon-intensive industry : protected once again from serious change over Global Warming.
Continue reading Carbon Leakage : Europe Compromises Again
News just in of some sloppy UK Government photoshopping leading to a serious lack of public confidence and some mild humour :-
Yes, Big Ben’s Clock Tower appears to be leaning to the right (or from Ed Miliband’s point of view, to the left).
[ UPDATE : See the end of this post for proof positive of image modification ]
Continue reading What’s Wrong With This Picture ?
At the Climate Change campaign meeting on Saturday, “Six Months to Copenhagen”, hosted by the Fabian Society in London, Ed Miliband said some things I find astonishing admissions.
The Climate Change Committee, after having looked into the matter of Carbon Budgets on Carbon Emissions Reductions for the United Kingdom, made recommendations for our national targets :-
Continue reading Astonishing Admissions