| Carbon Week |
| Carbon Week |
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Proof edition: The right to pollute for free, was worth a huge value to generators which used brown coal. It allowed them to profitably compete with clean plant. The pollutors lobby-group the Business Council of Australia (BCA) aregued therefore the asset owners should get huge subsidies
(Full Article)Proof edition: The impact of a carbon price of $40/t CO2-e on the existing operations of 14 case study of sleected high -pollution businesses, by the Business Council of Australia (BCA) was substantial, it said.
(Full Article)Proof edition: An Emissions Trading Scheme will be achieved at a lower cost without the mandatory renewables (MRET) Scheme, argued the Business Council of Australia (BCA).
(Full Article)The NSW Treasurer appeared to hold the view that CO2 dumps and renewable energy were the same thing; he was perhaps not aware they were competitive.
(Full Article)The coming of the carbon market - ready or not - had led Victorian coal generators, to claim, they would 'go bust for they had to pay for pollution'. But - while they were complaining - Santos had filed a plan for 1500MW gas baseload plan near Orford. Natural gas-fired power emitted up to 70 per cent less CO2 than an existing brown coal-fired power generator, said Santos.
(Full Article)Any old iron - and other metals scrap - were now traded globally, and a new business opportunity had appeared - as recycled metals earned carbon credits. Mitsui had set the metals recycling business as one of its key strategic business activities, and intended to earn carbon credits, replacing production with recycling. Mitsui reported China had recently bought “ferrous deep sea cargoes”; that is, shiploads of scrap metal.
(Full Article)Four out of fourteen - and perhaps 8 - of fourteen, carbon-exposed businesses studied,would close after the start of the emissions trading scheme in 2010, Greig Gailey, President Business Council of Australia told the Sydney Institute 27 August, 2008.
(Full Article)Without compensation, and using the European emissions price of $40/t CO2-e, the median profit reduction for 14 Australian case study businessesm using long run economics, was 53 per cent, said the Business Council of Australia (BCA).
(Full Article)At carbon prices of just over $50/t CO2-e all past or contemplated projects from the a 14 company case studies lose 25 per cent of their value.
(Full Article)Capping the (carbon) cost at 2 per cent of revenue caps the percentage impact on profits at around 10 per cent, arged the BCA.
(Full Article)The Australian government Green Paper-use of a threshold based on tonnes of emission intensity is, “quite simply, the wrong starting point”, argued the Business Council of Australia.
(Full Article)Emissions trading policy could fail to work effectively if the Australian government gives “individual interests, precedence over ecological objectives, which can seriously delimit the instruments ecological accuracy”. That was an early lesson from the European experience, reported a 2008 English translation of a 2005 German the paper Climate Politics in the Multi-Level Governance System Emissions Trading and Institutional Changes in Environmental Policy-Making, by the Wuppertal Institute for Climate, Environment and Energy.
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