Carbon Offsets Daily

Daily carbon offset news, insight, community.

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  • Published: Jun 4th, 2009
  • Category: UK
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UK carbon offset schemes ‘failing to reduce emissions’

| Sourced From U.tv |

Britain is the world centre of a multibillion dollar “carbon offset” industry which is failing to lower global greenhouse gas emissions, a major report from Friends of the Earth claimed today.

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Carbon Trust launches

UK government-funded body Carbon Trust, alongside the Qatar Investment Authority, is to establish a new

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  • Published: Nov 1st, 2008
  • Category: UK
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Keystone slashes CO2 and costs with biofuel

Keystone Distribution, McDonald’s UK logistics partner, says it will cut its fuel spend by

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Carbon footprint standard launched

Businesses will be able to more accurately measure the carbon footprint of their goods and services with a new standard launched by BSI British Standards, the Carbon Trust and the Department for the Environment, Food and Rural Affairs (Defra).
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Carbon capture peddles win innovation award

A UK university has won an award for its carbon capture technology. The University of Greenwich has won a Times Higher Education Award for an innovation which turns contaminated land into harmless material.
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  • Published: Oct 28th, 2008
  • Category: UK
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Carbon capture researchers win award

University of Greenwich researchers behind an invention that captures CO2 have won the Times Higher Education Award for their “Outstanding Contribution to Innovation and Technology”. Dr Colin Hills and Dr Paula Carey from the Medway based School of Science were told their innovation “could drastically reduce the impact of climate change” at a ceremony at a Park Lane hotel last night.
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  • Published: Oct 28th, 2008
  • Category: UK
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Huge investment for low CO2 Ford engines

Ford is announcing a new investment programme at its high-tech Bridgend engine plant in Wales to produce next generation low CO2 1.6-litre, four-cylinder petrol engines.
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Carbon footprint standard for all products drawn up by Government

The world’s first standard to measure the carbon footprint of every product in our shops will be launched tomorrow by the Government in an effort to end the continuing confusion over “eco-labels”.
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  • Published: Oct 27th, 2008
  • Category: UK
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UK sets agenda for adopting low carbon and electric cars

Experts from the energy and automotive sector are meeting with government officials in London today to discuss how to accelerate the mass production of low carbon and electric vehicles.
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UKs carbon credits registry goes online

Carbon credits issued under the current phase of the EU emissions trading scheme (ETS) will come to life this morning when the UKs national allowance registry goes back online.
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  • Published: Oct 26th, 2008
  • Category: UK
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Mandelson loses fight with Miliband over CO2 disclosure law

Business Secretary Lord Mandelson has clashed with Ed Miliband, the Climate Change Secretary, over proposed legislation that will force big companies to detail all their carbon dioxide emissions.
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  • Published: Oct 24th, 2008
  • Category: UK
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Carbon Trust launches Algae Biofuels Challenge

The UK’s Carbon Trust has launched the Algae Biofuels Challenge with the aim of commercialising algae biofuel as an alternative to fossil-based oil by 2020. The Carbon Trust will invest between

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Press Release: Worlds First Guaranteed Carbon Offset Company Carbonica Ltd Launches in the UK

Carbonica.org has launched its website this month with a unique brand of guaranteed carbon offset and a commitment to reversing climate change.
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  • Published: Oct 23rd, 2008
  • Category: UK
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MPs push for carbon commitments from air and sea industries

The government is facing the threat of revolt from backbenchers over the possibility that it will exempt the shipping and aviation industry from greenhouse gas targets.
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Trust has helped firms save

THE Carbon Trust has helped businesses in Wales save

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Tesco to Reduce Emissions Using Multiple Steps: Terry Leahy

As the post-Kyoto period comes closer with probable new emissions-reductions targets, big companies have a lot to lose if they dont bring the CO2 word into their dictionaries. When it comes to British supermarkets, Tesco is the leader and has to do a lot to improve its image.

Supermarket Tesco Would Cut Emissions

Terry Leahy of Tesco has assured that the superstore would take concrete steps to cut its CO2 emissions, saying that their footprint last year was around 4.47 million tonnes of CO2. He highlighted the significance of transferring the green commitment to consumers too, using incentives like CFL bulbs and reusable shoppers.

“If retailers help customers, customers will go green,” he asserted.

What was even more promising was his plea to other businesses to go green. If firms as big as Tesco do their homework to green their supply chains, major cuts can be seen in a short time. One would only hope that this isnt just another firm greenwashing its road to brand management.

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Cars Should Emit Only 30 g/km to Be Sustainable: Ford Exec Parry-Jones

A lot of pressure recently came upon carmakers in Europe to produce cars with greater fuel efficiency and lower CO2 emissions. And several of them are now struggling to cope up with the new EU laws.

Automakers Should Cut Emissions

In the midst of all this, British governments advisor Richard Parry-Jones, whos also a Vice President at Ford Motors, revealed that cars account for around 10% of the man-made carbon dioxide emissions, whereas transportation overall results in 23% of the emissions. The bulk, he said, is the gift of power plants, domestic heating and business operations. But he still advocated carmakers should do more to cut emissions.

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Study Shows Shipping Waste to China Cuts Carbon Footprint

If you transport a thousand tonnes of plastic bottles from industries to ports by road, load them onto gigantic ships, take those ships 10,000 miles away from the UK to China, unload all the waste bottles, and move them to recycling centers, thats going to generate lots of carbon emissions. Nevertheless, a recent UK-based study shows this whole process is still environmentally friendly rather than sending the waste to landfills in the UK!

China Waste Recycling and UK Landfills

Waste Resources Action Programme (WRAP) mentions in the report that recycling is far better for the environment than landfilling, even if you ship waste from one end of the world to another. When used paper is taken from Britain to China for recycling, it saves around two-third emissions that would have otherwise resulted from landfilling. And when it comes to plastic bottles, savings are even greater.

In addition to all this, since most ships go empty from the UK back to China because of the imbalance of trade, they would release CO2 whether you export waste or not. WRAP estimates that every tonne of waste recycled this way results in emissions reductions of around 1300-1600 kg of CO2.

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Carbon Reduction Commitment to Bring Cash Flow Problems: KPMG

KPMG has warned that UK businesses participating in the upcoming Carbon Reduction Commitment (CRC) may experience a major cash flow impact because of the scheme. The consultancy firm advised its clientele to begin appraising their CO2 emissions soon, so that they will be knowledgeable of their emissions and can prepare to go through the Commitment smoothly.

Carbon Reduction Scheme Affects Cash Flow

The CRC will be incorporated into legislations via the forthcoming Climate Change Bill and will come into effect from October next year. Around 10,000 organizations excluded from the EU emissions scheme will be part of this new Commitment that also includes the public sector.

KPMG also asserted that firms purchasing green electricity will also be part of the CRC, which will have all organizations that spend over

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UK: 7% EUAs on Auction in Phase II, Applications Invited

The British government confirmed today that only 7% of the European Union Allowances (EUAs) will be auctioned. A previous analysis hypothesized that the government may auction around 10% of the allowances, which is the maximum allowed by EU regulations. The analysis was based on reports that the additional auction might be used instead of a windfall tax to cut some profits from energy firms and use them on the fuel-poor people.

UK 7% EUA Auction

However, the Aug 15 Defra press release confirmed 7% allowances would be auctioned, amounting to about 85 million allowances during phase II (2008-2012). The exact number of allowances available in each auction would be officially announced by the Treasury at least one month prior to the auction date. Around 23 million tons of carbon permits are expected to be auctioned in 2008 although the date of the first auction has not been set yet.

Complete details of the emissions scheme can be viewed here (PDF) and eligibility criteria for participation in the auction can be read here.

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INTERVIEW: Kevin Smith of PLATFORM – Unraveling the Carbon Web

Fossil fuels are the primary cause of climate change, which threatens catastrophic damages including massive sea-level rise, rising incidences of flood, drought and other extreme events, major water and food supply reductions, and the spread of disease.

INTERVIEW: Kevin Smith of PLATFORM - Unraveling the Carbon Web

PLATFORMs Unraveling the Carbon Web focus is to reduce the environmental and social impacts of oil and to support the transition to a more sustainable energy economy. We recently posted on a new report, Cashing in on Coal, that Unraveling the Carbon Web released and caught up with Kevin Smith of Platform to learn more.

What does Cashing in on Coal highlight?

The report highlights the role that private finance plays in pushing Read the rest of this entry »

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Energy Firms Would Make

Energy firms in the UK are going to enjoy some huge profits directly proportional to the increase in the carbon prices, reveal recent figures by Ofgem. And whats more that the consumers would probably be the ones who would end up paying higher bills to support the cost of carbon permits acquired by these energy companies.

Ofgem reports that the energy industry would earn windfall profits of more than

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UK Working for Commercial Feasibility of CCS

Researches and MPs are pressing the British government to do more for commercialization of carbon capture and storage (CCS) as the country heads towards a major display of CCS technology in 2014. It is expected that the winning bidder to receive funding for this CCS demo would be chosen within the next 12 months; the bidder will have to demonstrate burial of 2 million tonnes of CO2 per annum generated by a 400 MW coal-fired plant.

G8 countries mutually decided to kick start 20 CCS units by 2010; however, only a few nations including the UK are going for a commercial approach on this matter, which is essential for the long-term success of CCS since the costs of launching and operating a CCS plant are huge.

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Carbon Market News August 8

INTERVIEW: Carbon Retirement – Co-Founder Dan Lewer

We recently caught up with Dan Lewer, the Co-Founder of the recently launched Carbon Retirement.

So what is your company all about?

Carbon Retirement was founded in 2008 by me and two colleagues. We wanted to offer a service focused on emission reductions. While we could see that there have been lots of interesting innovations in the voluntary market, we felt that it’s often difficult to evaluate the environmental benefits of offsetting projects. Retirement of allowances from EU Emission Trading Scheme – which is what we do – is a process that delivers unambiguous reductions in carbon emissions and we wanted to give everyone the opportunity to do it. We started taking orders in July this year.


How is Carbon Retirement different to other types of offsetting?

Existing types of offsetting work by investing in projects in the developing world that reduce emissions or absorb greenhouse gas from the atmosphere. Typical projects include tree planting and building renewable energy generators. Carbon Retirement is a fundamentally different approach – it works by buying heavy industry’s rights to release carbon dioxide.

What is the EU Emission Trading Scheme?

It’s a system that European governments use to support their commitments to reduce greenhouse gas emissions. It limits carbon dioxide emissions from a range of industries, including power generation, offshore extraction, cement production, iron and steel, paper and pulp and chemical processing. The EU Emission Trading Scheme is the world’s largest cap-and-trade scheme. In a cap-and-trade scheme, an authority allocates a fixed number of pollution permits to the participants. Each permit is a right to release pollution (in the EU Trading Scheme, each is the right to release one tonne of CO2). Permits can be traded between the participants. This creates a market in permits and a market price.

How is the price calculated?

One of our key principles is to be transparent about where our customers’ money goes. The price we charge is based on the market price of EUAs. For customers using our website, we add an admin fee of 10% (which pays the company’s overheads) and a ‘spread fee’ of 5%. The spread fee covers the risk of the price moving upward between the order being made and Carbon Retirement purchasing EUAs. If the price goes down, we reserve the surplus for retirement of further EUAs. This breakdown is published on our website. For organisations that are thinking about retiring more than a couple of tonnes, the price would work differently.

Why does the price of EUAs change?

Fundamentally, the market price of EUAs is determined by the perceived cost of complying with the reduction required by the EU Trading Scheme. During trading, the market participants’ views of the cost of achieving the reduction can change, which is why the EUA price changes. Energy markets are important drivers. When demand for energy is high, demand for EUAs to cover the generation rises too. Burning coal produces particularly large quantities of greenhouse gases, so the price of EUAs is sensitive to demand for coal.

Where do you buy EUAs from?

From an exchange, a market broker or a regulated participant in the market. EUAs are freely tradable between market participants, so the source of an EUA does not affect the environmental benefits of retiring it.

Project-based offsets often have social benefits. Are there any social benefits to taking EUAs out of circulation?

We don’t think we’re fence-sitting here by saying sort of. We facilitate emission reductions in Europe, and we’re dealing with major energy-intensive industries, so there’s less opportunity for helping out communities at the same time.

The social benefits of offsetting projects can be hard to measure and we need to remember that our aim here is to reduce emissions. Globally, emission reduction and mitigation of climate change will have plenty of social benefits. We’re focused on making sure the emission reductions happen.

How does your calculator work?

Our website gives individuals the option of calculating the emissions associated with flights, driving or other activities, and then retiring a corresponding number of allowances.

Once data has been entered into the calculator, we multiply it by emissions factors. For example, if you input that you have driven a certain number of miles in a large petrol car, we multiply that distance by a factor showing the greenhouse gases released for each mile.

The factors and methodology behind the calculator follow the UK government’s guidelines for calculating a carbon footprint.

Where can I go to find out more about climate change and the EU Emission Trading Scheme?

For the trading scheme, I’d recommend the European Commission’s website. There’s also a straightforward overview on Carbon Retirement‘s site. There is a wealth of information about climate change out there. The BBC’s website is a pretty good place to start.

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