As news of the Volkswagen scandal broke in the US, it was only a matter of time before the storm hit Europe’s shores. The news was just one more log on the blaze of bad publicity the diesel industry has received in recent times. Moreover, in cultural terms, nitrogen oxide emissions seem to have overtaken carbon dioxide as the more “evil” of the two pollutants.
Archive for the ‘emissions’ Category
By Caroline Knight and Reinout Geyssens | October 6, 2015 12:01 AM Comments (0)
By Frank Watson | September 25, 2015 12:01 AM Comments (0)
Europe, the US and China have all submitted their plans to the UN ahead of the Paris talks, detailing greenhouse gas emissions reduction targets and measures to achieve them.
While the big players are getting serious on emissions reductions, there are still potential sticking points in the negotiations.
By Frank Watson | September 18, 2015 12:01 AM Comments (0)
So what’s changed in the six years since Copenhagen? A lot, it turns out.
The world has moved on from outmoded country definitions of “developing” which grouped fast-developing economies like China alongside much poorer nations including many of those in Africa, Asia and Latin America.
There is now a much wider acceptance among governments that everyone has to pull their weight, while respecting common but differentiated responsibilities and respective capabilities. Governments have crossed the battle lines and are looking for workable solutions, instead of fighting over who’s to blame, the World Bank said in May.
By Frank Watson | September 11, 2015 12:01 AM Comments (0)
Heads of state and senior diplomats from almost 200 countries are set to gather in Paris in December to agree for the first time a fully comprehensive global climate protection deal. They have failed many times before, so why should they succeed this time?
The answer is because almost everything has changed: the climate science is more certain; governments are more confident on the need for action; climate denial is on the way out in most countries; the financial markets are paying attention to carbon risk; evidence is showing that emissions and economic growth can successfully be decoupled; the cost of renewable energy is falling; and several of the major oil and gas companies are calling for a global carbon price.
By Jeff Ryser | August 12, 2015 12:44 PM Comments (0)
The projected big winner in the Environmental Protection Agency’s pursuit of reduced carbon dioxide emissions by the power sector is wind generation.
The EPA’s Clean Power Plan, whose rules were unveiled Monday, is expected to trigger a boom in wind installations that could amount to a 63% increase in wind generation by the year 2020 over 2013 wind capacity totals, and an increase of 211% by 2030.
By Alex Froley | June 5, 2015 12:01 AM Comments (2)
Visitors from around the world queue expectantly on the Paris streets, waiting to pass through bag searches and metal detectors to enter the show within. No, it’s not the French Open at Roland Garros, but the big event at the other end of town, the 26th edition of the World Gas Conference, taking place in the French capital all this week.
By Ross McCracken | June 3, 2015 12:01 AM Comments (12)
Coal is being overwhelmed by regulation and supplanted by subsidized competitors. Patriot Coal is the latest US producer to come off the rails, and thousands of miles away in country that not so long ago was building a coal-fired plant a week, Chinese coal producer Shenhua has also reported poor financials. Yet one firm, SinoCoking Coal, has embraced coal gasification and, in the midst of the ‘coaldrums,’ has reported a huge rise in income. Ross McCracken has more from the most recent selection from Platts Energy Economist.
By Frank Watson | May 22, 2015 06:00 AM Comments (10)
Pope Francis is set to weigh in on the climate change debate in what has already caused a considerable buzz in the media, by equal measure prompting cheers from the green lobby and irritation among climate skeptics, even before the message has been released.
By John Kingston | March 31, 2015 08:01 AM Comments (4)
John Kingston is President of the McGraw Hill Financial Global Institute and Director of Global Market Insights. He continues to observe energy markets after his many years with Platts.
The price of Low Carbon Fuel Standard credits is going to rise. It’s just a question of when.
By Frank Watson | March 16, 2015 12:00 PM Comments (0)
What happens when an irresistible force meets an immovable object? One answer to this paradox is “nothing” since irresistible forces and immovable objects can’t co-exist. At least not in the real world.
But what happens when the irresistible force is the political will of the European Union to reform its carbon market ahead of global climate talks later this year, and the immovable object is a group of EU member states who are resolutely opposed to higher carbon prices?