| 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: 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: 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)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)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)The big-pollutor lobby group, Business Council of Australia (BCA) argued the Governments Green Paper compensation scheme was “inadequate, and contains significant anomalies”.
(Full Article)A continued mandatory renewable energy rule - MRET, after carbon trading in 2010 - would cause “a severe risk of increased electricity supply interruptions” at the start of carbobn trading in 2010.
(Full Article)According to industrial-pollutor lobby-group, the Business Council of Australia (BCA) a 10% emission reduction will see significant impairment of coalfired generation asset values. “A large margin squeeze for electricity retailers, much like occurred in California, will occur...if ”plants were insolvent, or unable to pass all the carbon costs to consumers".
(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)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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