Tag Archives: press-releases
UK To Vote Against 2030 EU Renewable Target – Davey
Wednesday, 29 May 2013 UK to vote against 2030 EU renewable target – Davey The UK government is likely to oppose an EU renewables target for 2030 which is considered “inflexible and unnecessary”, energy secretary Ed Davey said. He made the comment after the European Parliament on Monday extended a deadline for the submission of amendments to a proposal to intervene in the carbon market. “Whilst we strongly support renewables to 2020 and beyond, the uncertainties at this time are too large to set hard numbers in a binding EU Renewables target, which we do not believe would be cost effective or fit well with our electricity market reforms,” Davey said. Britain would, however, will continue to support a 40% cut in the emissions 2030 target, from 1990 levels, and would even endorse increasing that target to 50% -– if the UN was to adopt an ambitious global reduction in emissions target by 2015. The EU currently has a 2020 target to both cut emissions by 20% and increase renewables by the same amount. The European Parliament on Monday extended a deadline for the submission of amendments to a proposal to intervene in the carbon market by six hours, giving MEPs six hours more time to submit amendments to the proposal on backloading. The proposal, tabled by the European Commission, is intended to provide a short-term boost to carbon prices on the EU ETS by delaying the release of 900m allowances until the end of the decade. The extension of the vote was intended to support efforts of independent observers to broker a potential compromise on the proposal, which the parliament rejected in April. Ultimately, the backloading proposal is set to be voted on in the Parliament’s environment committee on 19 June. Read more: http://gastopowerjou…y#ixzz2Uh9j9k9P Continue reading
EU Carbon Nears 2-Week High as Lawmakers Consider Surplus Fix
By Mathew Carr – May 29, 2013 European Union carbon permits rose to their highest level in almost two weeks as lawmakers reconsidered a plan to temporarily curb supply in the market that they failed to endorse last month. Allowances for December advanced as much as 3.6 percent to 3.78 euros ($4.87) a metric ton on the ICE Futures Europe exchange in London and were at 3.74 euros a ton at 11:22 a.m. Certified Emission Reduction credits for December rose 1 cent to 40 euros cents a ton, taking weekly gain to 18 percent. A draft measure to delay EU emission-permit auctions, known as backloading, is the first step toward strengthening the world’s biggest cap-and-trade market after prices slumped to all-time lows in April. It is scheduled for a new vote in the environment panel of the European Parliament on June 19 and then in the full assembly on July 2. Carbon is also being supported by advancing German power, as well as a lack of supply today because there are no permits being sold at auction, said Mark Owen-Lloyd, a trading director at Clean Energy Group Ltd. in London. There’s a “bit of euphoria creeping into the market,” he said today by e-mail. The EU leaders summit on May 22 and comments by the European People’s Party show carbon markets will continue to be central to the region’s plans to tackle climate change, Daniel Rossetto, the London-based managing director of emissions markets adviser Climate Mundial Ltd., said today by e-mail. “This is bullish news for the market,” Rossetto said from the Carbon Expo conference in Barcelona. “There’s a very clear sense now emerging that comprehensive emissions-trading-system reform will have cross parliamentary support.” To contact the reporter on this story: Mathew Carr in London at m.carr@bloomberg.net To contact the editor responsible for this story: Lars Paulsson at lpaulsson@bloomberg.net Continue reading
Pacific Energy Technologies Acquires $250m Biomass Plant In UK
Published 29 May 2013 US-based renewable energy company Pacific Green Technologies (PGTK) has acquired a $250m biomass plant through the purchase of Pacific Green Energy Parks. Pacific Green Energy Parks is the lone stakeholder of Energy Park Sutton Bridge (EPSB) which owns the planning permission to develop a 49MWe biomass facility at Sutton Bridge, Lincolnshire, UK. In addition, EPSB has also secured option to purchase the property on which the plant is planned. Commenting on the alliance, EPSB managing director Chris Williams said: “We are very pleased to be the first step within PGTK’s strategy to build a dedicated Biomass and Waste to Energy Power Plant Development Group.” The developer is planning to use ENVI-PureTM Emission Control System for removal of harmful gases and pollutants generated by the plant. The marketing rights of this control system are held by PGTK. Continue reading
