| Carbon Week |
| Carbon Week |
Proof edition: The Business Council of Australia (BCA) said it expected some or all coal-fuelled electricity plans to close after 2010; and risks would also rise from fuel contracts.
(Full Article)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: Most Australian electricity was sold under 2-3 year forward contracts. To enter into such contracts under an Emissions Trading Scheme, generators will need to fix the price of their emission permits over the same 2-3 year period.
(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 big question remains what will happen to existing obligations in the GGAS market now that DSA producers will no longer be contributing to supply from 1 January 2009? In theory, if the current GGAS obligations are maintained and DSA production is removed, the supply/demand status quo will be altered considerably. In 2007 almost 10 million NGACs were created via the DSA rule. NEET will remove this contribution, but the NGAC surplus still remains in the 10s of millions'.
(Full Article)The "machiavellian malevolence or the melancholy meanderings" of the crashing price of greeen instruments could be relieved with options, argued options-seller, Ken Edwards of Nextgen.
(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)NSW Treasurer, Michael Costa said the losses to the State after 2010 carbon market were “sensitive and will be kept confidential”. The Auditor had warned the State should prepare a back-up “retention” plan.
(Full Article)Duncan Gay, NSW Deputy Leader of the Opposition, said the trading scheme was yet to go before the Australian senate, where balance of power was held by a small group of Independents, including the newly elected South Australia Senator, Nick Xenophon, the Family First party and the Greens.
(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.
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