Mostrando entradas con la etiqueta Kyoto Protocol. Mostrar todas las entradas
Mostrando entradas con la etiqueta Kyoto Protocol. Mostrar todas las entradas

sábado, marzo 15, 2008

JAPAN: Tony Blair Urges `Revolutionary' Carbon Emission Cuts


Former U.K. Prime Minister Tony Blair urged the U.S., Japan and European nations to make ``revolutionary'' cuts to greenhouse gases responsible for global warming.

``Since poorer nations will see their emissions rise as they industrialize, and since the world population may well grow from 6 to 9 billion, emissions in the richer nations will have to fall close to zero,'' Blair said at energy and environmental talks in Chiba City near Tokyo.

Ministers of the Group of Eight industrialized nations and representatives from 12 other countries discussed how to finance technological efforts to tackle climate change, and the basis for a successor to the Kyoto Protocol that expires in 2012.

U.S. emissions of greenhouse gases total 20 tons a year per person, twice as much as in Europe and Japan, Blair said. The world's average emission level may need to fall to as low as 2 tons per person to halve global output of the harmful gases by 2050, he said.

``If the average person in the U.S. is to emit, per capita, one-10th of what they do today and those in the U.K. or Japan by one-fifth, we're not talking adjustment, we're talking about a revolution,'' Blair said.

Green Technology

Japan will propose developing 21 emission-fighting technologies by 2030 at the three-day meeting, dubbed the ``G-8 Gleneagles Dialogue on Climate Change, Clean Energy and Sustainable Development.''

The technologies include coal- and gas-fired power plants that emit almost no carbon dioxide, steelmaking processes using hydrogen, and a system to store carbon underground.

The conference serves as a prelude to another climate change summit this July, on Japan's northern island of Hokkaido.

The Kyoto Protocol requires 37 nations to cut emissions by a combined 5.2 percent from 1990 levels by 2012. The accord was never designed to solve global warming, and a new treaty must set targets to restrict temperature gains, Robert Watson, former chairman of the United Nations Intergovernmental Panel on Climate Change, said March 11 at the Oceanology International conference in London.

The 1997 treaty limiting emissions for developed countries expires in 2012. The U.S. never ratified the accord. A new treaty is expected to be signed in Copenhagen next year.

Global Fund

The U.S., the largest emitter of greenhouse gases among industrialized nations, will seek to increase a proposed $10 billion clean technology fund, Daniel Price, an international economic affairs adviser to President George W. Bush, said yesterday.

The size of the fund, to be raised by the U.S., U.K., Japan and the World Bank, ``is insufficient to address the cost of the challenge,'' Price said. ``We are focused now on expanding the universe of donors for this fund.''

Price attended a meeting on energy security and climate change in Chiba before the G-20 ministerial talks.

China, the world's second-biggest emitter of carbon dioxide, said on March 5 developed nations should provide financial support of 0.5 percent of their annual gross domestic product to help it and other developing nations remedy the effects of climate change.

China's Plea
The Chinese proposal was among 26 submissions published on the Web site of the United Nations Framework Convention on Climate Change, which aims to craft a successor agreement to the Kyoto Protocol.

``The incentives will be there to make environmental technology a massive new industrial opportunity, equivalent to the Industrial Revolution of the 19th Century,'' Blair said. ``The call to action is loud and clear.''




Source: Bloomberg| by Shigeru Sato & Yuji Okada


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lunes, febrero 25, 2008

JAPAN: Rich nations need 80 pct emission cuts

Japan, the European Union and the United States would each need to cut greenhouse gasses by more than 80 percent for the world to meet a goal of halving emissions by 2050, Japanese scientists said Thursday.
A summit last year of the Group of Eight rich nations agreed to "seriously consider" halving global emissions by 2050 in hopes of halting global warming.

To achieve such a goal, Japan -- which is already far behind in meeting its current commitments -- would need to cut emissions by 85 percent by 2050 from 1990 levels, said Norichika Kanie, assistant professor at the Tokyo Institute of Technology.

His joint research with Yasuaki Hijioka, researcher at the National Institute of Environmental Studies, found that the United States would need to cut emissions by 88 percent and the European Union by 83 percent.

He made the calculations on the premise that all countries will emit at the same level on a per capita basis by 2050.

The United States has rejected the Kyoto Protocol, the landmark treaty requiring emissions cuts through 2012, arguing that it is unfair by making no demands on fast-growing polluters in the developing world.

The Japanese study found that China would need to cut emissions by 35 percent while India, whose current per capita emissions are small, could actually increase its output by 137 percent by 2050. But even if all countries achieve the daunting tasks, the average global air temperature will rise by 2.2 to 2.6 degrees Celsius by 2050, Kanie said.

"It may seem impossible to achieve such shocking and ambitious targets, but I think it is a matter of changing lifestyle and not necessarily in an austere way," Kanie said.

"For example, I often ride my bike instead of driving a car. If the government provided a more bicycle-friendly infrastructure, people's lifestyles will change for a low-carbon society," he said.

The Kyoto Protocol, signed in 1997 in the ancient Japanese city, requires rich nations to slash emissions by an average of five percent by 2012 from 1990 levels, with a different figure set for each country. A UN conference in Bali in December agreed to seal a new pact by the end of 2009 to spell out future commitments.

The European Union has unilaterally set a goal of slashing emissions by 20 to 30 percent by 2020 from 1990 levels and has offered to go further if other major economies join the effort.

Source: Agence France Pressee

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THE AMERICAS: Global Clean Energy Holdings Tests Crude Jatropha Oil With Allegro Biodiesel

Global Clean Energy Holdings has delivered its first test shipment of Crude Jatropha Oil to Allegro Biodiesel Corporation's biodiesel production facility in Pollock Louisiana for processing into biodiesel fuel. Global Clean Energy Holdings is developing Jatropha plantations in Latin America.

The two companies have entered into a testing and processing agreement to convert Jatropha Oil into biodiesel fuel that meets all relevant ASTM and EU specifications.

"This is a very strategic agreement with Allegro. They are a very well respected processor and distributor of Specification Grade biodiesel and have considerable experience in utilizing a wide range of different feedstocks in their production process. They are logistically well located in Louisiana and can accept large shipments of Jatropha oil from us through various Gulf of Mexico ports," said Richard Palmer, Global Clean Energy's President and Chief Executive Officer.

The processing agreement provides for Global Clean Energy to ship Crude Jatropha Oil (CJO) to Allegro, and for Allegro to perform a full battery of tests on the raw feedstock in its Pollock, Louisiana, laboratory, process the Jatropha oil into biodiesel, and test the finished product to ensure it meets current standards.

It will also send product samples out to accredited laboratories for a full series of ASTM testing The feedstock and processed biodiesel will be further evaluated for direct processing in Allegro's facility along with its ability to blend with other feedstocks including RBD Soy, Crude Degummed Soy and others, a strategy designed to reduce Allegro's overall future production costs and improve its profit margins, while providing Global Clean Energy Holdings with access to the US biodiesel market.

"Since we began operating our plant in April 2006, Allegro has been a pioneer in the biodiesel industry," said Bruce Comer, CEO of Allegro. "The recent Energy Bill mandates greater development of biofuel resources at a time when competition for feedstock has increased key commodity prices. Jatropha oil and other alternative feedstock choices represent the next chapter in biodiesel fuel production.

"We are very excited about the potential for Jatropha oil from Global Clean Energy to reduce our overall production costs. Given recent price spikes for soy, canola and palm as biodiesel feedstock, we believe alternate non-food based feedstocks will be essential to growth in the biodiesel industry.

"Jatropha oil has very good qualities that makes it a good biodiesel feedstock source. We are confident that Jatropha oil will blend well with other feedstocks to produce a high grade biodiesel while addressing the on-going concern of utilizing food for fuel."

Jatropha oil is derived from the Jatropha curcas plant. The plant is a perennial plant which can live for over 30 years, and produces high quality inedible seed oil. The plant grows in marginal soils that may not be suitable for food production, and is drought and pest resilient, making it an attractive alternative to more costly and production limited edible feedstocks which must be replanted every year.

The seeds of the plant yields 32% to 37% oil by weight compared to other common feedstocks such as soybeans, which yield 18% to 22%.

Jatropha has added virtues as a more environmentally friendly and efficient feedstock compared to expensive food based commodities. Per hectare, Jatropha can yield between 2.0 to 3.0 tons of oil whereas soybeans yield 1.2 to 1.5 tons, offering improved finished biodiesel output per acre of feedstock farmed. As an oil producing tree, Jatropha may qualify for various carbon credits under the Kyoto protocol, for additional profit potential to growers.


Source: SPX
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sábado, diciembre 15, 2007

CLIMATE CHANGE: Consigue conferencia de Bali un acuerdo final

La Conferencia de la ONU sobre Cambio Climático que se celebra en la isla de Bali (Indonesia) alcanzó hoy un acuerdo final, después de que Estados Unidos cediera a las demandas de los países pobres.

El consenso abre el camino para negociar un nuevo acuerdo sobre cambio climático más ambicioso que sustituya al Protocolo de Kioto.


Via: El Universal
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lunes, diciembre 03, 2007

CLIMATE CHANGE: United Nations Kicks Off Global Warming Conference to Build New Climate Agreement

Faced with melting polar ice caps and worsening droughts, climate experts at a massive United Nations conference Monday urged quick action toward a new international pact stemming an increasingly destructive rise in world temperatures.

A key goal of the two-week conference, which opened with delegates from nearly 190 countries in attendance, will be to draw a skeptical United States into an agreement to cut emissions of carbon dioxide and other so-called greenhouse gases.

While the U.S. delegation declared it would not be a "roadblock" to a new agreement, Washington remains opposed to steps many other countries support, such as mandatory emissions cuts by rich nations and a target for limiting the rise in global temperatures.

The American position suffered a blow Monday when the new Australian prime minister signed papers to ratify the Kyoto Protocol climate pact. The move leaves the U.S. the world's top emitter of greenhouse gases as the sole industrial power not to have joined.

Conference leaders urged delegates to move quickly to combat climate change.

"The eyes of the world are upon you. There is a huge responsibility for Bali to deliver," said Yvo de Boer, the executive secretary of the conference. "The world now expects a quantum leap forward."

The conference kicked off amid growing global momentum for dramatic action to stop rising temperatures that scientists say could lead to swamping of coastal areas and islands by higher oceans, the wiping out of species, economic havoc and a spike in natural disasters such as storms, fires and droughts.

The Bali meeting will be the first major conference of its kind since former Vice President Al Gore due to arrive next week and a
United Nations scientific council won the Nobel Peace Prize in October for their environmental work.

The immediate aim will be to launch negotiations toward a pact to replace the Kyoto Protocol when it expires in 2012, and set an agenda for the talks and a deadline. The
United Nations says such an agreement should be concluded by 2009 in order to have a system in place in time.

Among the most contentious issues ahead will be whether emission cuts should be mandatory or voluntary. Also to be tackled will be to what extent up-and-coming economies like China and India will have to rein in their skyrocketing emissions, and how to help the world's poorest countries adapt to a worsening climate. The American delegation was clearly on the defensive in Bali, presenting a statement detailing the ways the U.S. is fighting global warming without submitting to mandatory emissions targets.

"We're not here to be a roadblock," insisted Harlan L. Watson, the senior U.S. climate negotiator. "We're committed to a successful conclusion, and we're going to work very constructively to make that happen."

Confronted with the scientific reports of the past year, the Bush administration has signaled a willingness to play a larger role in the negotiations, and U.N. officials agree they must craft a post-Kyoto framework that Washington will go along with. Australia abandoned the anti-Kyoto alliance with the U.S. on Monday, when new Prime Minister Kevin Rudd signed the paperwork to ratify the pact. Delegates in Bali erupted in applause when Australia's delegate, Howard Bamsey, told the plenary that Canberra was jumping on board. Environmentalists at the conference cited what they saw as growing international momentum for tougher safeguards against global warming.

Even critics of the Bush administration pointed out that many individual states, such as California, were on the forefront of cutting emissions.
"Despite the failure of the current president to take serious action on global warming, the political landscape in the United States is shifting dramatically in favor of mandatory limits on global warming pollution," said Alden Meyer of the Union of Concerned Scientists, citing upcoming action in the U.S. Congress. Trying to fend off charges that America is not doing enough, Bush said last week a final Energy Department report showed U.S. emissions of carbon dioxide, a leading greenhouse gas, declined by 1.5 percent last year while the economy grew.


Via: Associated Press|JOSEPH COLEMAN
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viernes, septiembre 21, 2007

RENEWABLES: Renewable energy projects to get Munich Re cover in India

German reinsurer Munich Re has developed an insurance cover that will boost renewable energy projects in India by guaranteeing polluters in developed countries carbon credits from their investments in renewable energy projects in developing countries such as India.

The insurance cover — the Kyto Multirisk policy — is expected to lead to more investments into renewable energy in countries such as India. Under the Kyoto Protocol, there is a facility, where polluting companies, instead of improving their carbon dioxide output, invest in renewable energy projects. In return for their investments, the polluting companies receive emission credits.

"The Kyoto policy goes beyond the traditional cover. If it is a solar plant or wind energy, we are guaranteeing a minimum level of electricity generation. We are also covering at providing political risks," said Ludger Arnoldussen, member of the board of management, Munich Re.

He added that companies are willing to invest in such projects because in many cases, it is cheaper than optimising their own facility. The investor could be anybody, it could be an electricity producer in Japan or Germany or anywhere else in the world.At present, foreign companies, which do not have a presence here, are wary of investing because of their lack of knowledge of local markets and concerns that investments may not bring about desired benefits. The Kyoto Multirisk policy, which will be introduced worldwide soon, is aimed at addressing these concerns.

Earlier this year, Munich Re has set up a risk-trading unit that looks at securitisation of insurance risks. The company has proposed the introduction of a `cat bond’ or catastrophe bond (an insurance-linked security) that would provide protection to insurance companies from having to pay out large claims following an epidemic.

According to Mr Arnoldussen, health is not traditionally so much reinsured, but instances of worldwide pandemics such as the Bird Flu have shown that this risk will be difficult even for reinsurers to cover. “What we have proposed is that this could be a risk that we could pool and bring to the capital market as another form of cat bond which would cover increase in morbidity or mortality,” he said.

He added that the success of this instrument would depend on primary insurers to see the need to transfer the risk and what would be the price the capital market will be charging for the protection.

Via|The India Economic Times
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