Business Edition
nr 59
5 July 2007
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EU target biofuels has global impact
Today is the first day of the International Conference on Biofuels, hosted by the European Commission in Brussels. At the opening session, it immediately became clear that the European target of 10% biofuels by 2020 has global consequences.
Corrosion stops CCS project
Shell and Statoil have aborted the Norwegian carbon storage project they were involved in at the Draugen oilfield. Unexpected corrosion problems hampered the enhanced oil recovery. “Technically the project is feasible, but not commercially,” concluded Shell, 5 months into the project.
Europe prepares for the heat
Reducing greenhouse gas emissions is one aspect of the climate challenge, but Europe needs to prepare for climate change as well. The Commission has written a Green Paper.
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'EU needs more harmonised scheme for emissions trade'
According to the EU Council of Environment Ministers, who convened last week, the European Emissions Trading Scheme requires adaptation after 2012. Harmonisation and auctioning are among the main themes.
Market Monitor
GreenPrices Business Edition regularly reports on market developments, prices and recent trades of green certificates in Europe. This week: For the first time we show green certificate prices from the Polish Power Exchange.
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RECS introduces contract model for renewable energy market
RECS International today introduced the so-called standard contract. The model document should facilitate the green electricity market by giving energy providers a ready-made contract, which they can copy and paste to suit their needs.
Renewable energy underestimated in scenarios
Why is it that renewable energy still plays a modest role in most energy scenarios? Researchers from the Centre for Resource Solutions in San Francisco found that the drive behind renewable energy tends to be underestimated.
Finland first to present efficiency plans
Finland is the first Member State to submit its National Energy Efficiency Action Plan (NEEAP) to the European Commission.
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Greece taken to Court about Energy Performance of Buildings
Greece, Estonia and Poland are in the eye of the European Commission’s legal actions as they have failed to notify the Commission regarding implementing measures in the Energy Performance of Buildings Directive (EPBD) adopted in 2002.
Environmentalists call for moratorium on biofuels
Europe’s biofuel target (10% by 2020) is creating environmental catastrophes in the global South, say more than 30 groups that united to call for a moratorium on biofuels, at least as long as the sustainable sourcing cannot be guaranteed.
Editorial
Just a few days before the Live Earth concerts, it is a good opportunity to analyse where we stand now. It takes many psychological steps to take the climate change issue to the level of real changes in one’s behaviour.
In brief
Commission hosts international biofuels conference
Dutch Environment Minister unable to stop coal plants
US resist aviation emission trading
EU biofuels share in 2006: 1.8 %
Utilities working to increase RES and energy efficiency
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Rolf de Vos
Editor in chief
GreenPrices Newsdesk