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Poland Blocked E.u. Deal On Co2 Emissions

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Climate change, green economy, targets, etc. and as a result more Europeans will be out of work with even more stuff manufactured in China...

When will those people wake up?

UK says Poland blocked EU deal on CO2 emissions (BBC)

The UK government has sharply criticised Poland for blocking an EU effort to set a higher target for cuts in CO2 emissions.

"I'm deeply disappointed that the only country in the EU that could not accept a good compromise on how we can move Europe to a low carbon economy was Poland," said UK Energy and Climate Change Secretary Chris Huhne.

The EU is committed to a 20% cut in CO2 emissions by 2020, from 1990 levels.

But there are now calls for a 30% cut.

EU environment ministers discussed a European Commission roadmap to 2050 on climate and energy, which sets out how the EU can move to a competitive low-carbon economy and cut CO2 emissions.

But there was no agreement to set more ambitious CO2 targets at the talks in Luxembourg on Tuesday.

Poland is poised to gain more influence over EU negotiations when it takes over the rotating six-month EU presidency on 1 July.

Speaking after the talks, Mr Huhne said it was "a dark day for Europe's leading role in tackling climate change, but the UK together with its European colleagues will continue to make the economic case for tighter EU carbon targets so that we can make the most of the future green economy".

He added: "Delay and blockage is a recipe for increased costs and missed opportunities."

Pressure from MEPs

Polish Environment Minister Andrzej Kraszewski urged his EU colleagues to show understanding of the different economic conditions across Europe.

Polish industry and power stations still rely heavily on coal, so switching to renewables and cleaner technologies is more of a challenge than for some of its EU neighbours.

On Thursday the European Parliament will vote on a report by Bas Eickhout, a Dutch Green MEP, which calls for new Commission proposals so that Europe can "move to a 30% overall target for 2020".

The UK Conservative-Lib Dem coalition wants the EU to aim for a 30% emissions cut.

But the leader of the UK Conservative group in Europe, Martin Callanan MEP, says he opposes that stance, UK daily The Guardian reports.

"Conservative MEPs have always been sceptical of the EU unilaterally increasing its target to 30% without a worldwide agreement... European companies will be unable to compete if the reduction targets are set too high," he said.

"Many high energy consuming companies are already being forced to relocate to countries outside the EU, which have little or no environmental legislation, putting many Europeans out of work, and an increased target will exacerbate this trend."

The EU's long-term goal is to reduce its greenhouse gas emissions by 80-95% by 2050, with 80% achieved through measures in Europe and any additional amount through international mechanisms such as the UN's Clean Development Mechanism.

According to the Commission roadmap, the EU is capable of reaching a 25% emissions cut by 2020 through energy efficiency and developing renewable sources such as solar, wind and hydro-power.

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Climate change, green economy, targets, etc. and as a result more Europeans will be out of work with even more stuff manufactured in China...

When will those people wake up?[

They never will as the majority within the EU believe it is the best thing since sliced bread, but eventually it will destroy the individual pride of each citizen of their own country. The EU is a total disaster for all those individual citizens and the quicker it is destroyed the better for the masses. Within the next 10 years the UK alone will no longer decide its own future as the Soviet EU will become our absolute masters. :rolleyes:

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Just one blog

Does CDM Carbon Trading Scheme Encourage Profiteering if not outright Fraud

13 Jun, 2010 || by Abhishek Shah

Cap and Trade, Carbon Trading

Kyoto Protocol's Clean Development Mechanism (CDM) which allows trading of Carbon Credits between GHG emitting organizations in developed countries and carbon cutting projects in developing countries is an imperfect mechanism. It is set up in such a manner that organizations have a huge incentive to game the system to maximize revenues from Carbon Credits rather than cut GHG emissions. With USA debating on implementing a Carbon "Cap and Trade" Scheme there is a huge need to examine the CDM system. The CDM mechanism has come under fire for a lot of valid reasons in the recent past some of which are enumerated below.

1. There have been a number of cases of outright fraud that have been proved in courts of law . Recently a Multi Nation Europe-wide Scam involving top banks came to light. Over 50 companies and 150 individuals were involved in this tax evasion scam linked to Carbon Credit Trading. Interpol has warned of more such frauds in the future.

CARBON fraud is the white-collar crime of the future – and it could cost taxpayers millions – Adelaide Now

As Australian companies
prepare to trade in what is effectively thin air,
climate criminals are cashing in on similar schemes overseas. Interpol has warned companies to beware of bogus "carbon credits" that fail to lower emissions. And there are real questions over the ability of regulators to check if companies have met their emissions caps.

2. Some European firms have reaped a huge windfall from Carbon Credits as the Economic slowdown (following the Global Financial Crisis ) had companies running at much lower utilization rates. Steel Giant Arcelor Mittal has been a massive beneficiary of this imperfect Clean Development Mechanism (CDM) scheme with a reported Billion Pound gain. Under the European "Cap and Trade" scheme industries and companies are allowed a certain amount of GHG emissions which is subject to political and lobbying abuse.

£1 bn green windfall for Arcelor Mittal – Hindustan Times

Steel tycoon Lakshmi Mittal's Arcelor Mittal steel company will get a £1 billion ($1.7 billion, Rs 7,660 crore) windfall from a European scheme to curb global warming under the "carbon credits" given to it.
The carbon credits under the European emissions trading scheme (ETS) grants companies permits to emit CO2 up to a specified "cap". Beyond that they must buy extra permits.
ArcelorMittal has been given far more carbon permits than it needs, and has the largest allocation of any organisation in Europe
. The company will have gained assets worth around £1 billion by 2012
, The
Sunday Times
reported on Sunday.

3. There have been cases where Companies in Developing Countries are producing More Greenhouse Gases to maximize earnings from CERs (Certified Emission Reductions) certificates. This goes directly against the CDM's mission to reduce GHG emissions.

Firms abusing Kyoto carbon trading scheme: watchdog – Reuters

Findings released by CDM Watch, an initiative of non-governmental organizations, showed the most lucrative projects in the CDM, chemical plants that destroy a potent gas called hydrofluorocarbon-23 (HFC-23), may have inflated their emissions in order to destroy them and sell more offsets.
It also found that plants produced less HFC-23 during periods when they were unable to request CDM offsets, called Certified Emissions Reductions (CERs)."Analysis of monitoring data from all registered HFC-23 destruction projects revealed that
plants are intentionally operated in a manner to maximize the production of CERs
," CDM Watch said in a statement. "Because of the extra revenue … far more HFC-23 is generated than would occur without the CDM."
Due to inaction by the CDM's executive, CDM Watch said it made an official submission calling for new CERs handed to HFC projects to be discounted by over 90 percent, and for projects up for renewal to be reviewed at a panel meeting from June 21-25 and by the executive when it meets in late July.

4. Another major criticism which I readily identify it is that the CDM mechanism benefits well place organizations and trading/consulting firms. The complex procedures and paperwork involved in getting a project CDM certified ensures that some "connected" firms benefit from this trend. Big Investment Banks seeing a huge profit potential have got into this game by buying "Carbon Consulting and Trading" companies. JP Morgan bought Carbon Trading and Aggregating firm Ecosecurities for $204 million and Barclays recently bought Swedish Carbon Firm Tricorna for $143 million.

Barclays to buy Swedish carbon trader Tricorona – Reuters

Barclays Plc agreed a 98 million pound ($142.4 million) cash offer for Swedish carbon credits trader Tricorona AB, giving a vote of confidence in the carbon market ahead of the expiry of the Kyoto climate pact. Barclays said on Wednesday it was offering 8 Swedish crowns ($1.01) a share for Stockholm-based Tricorona, which specializes in sourcing, developing and trading offsets from greenhouse gas reduction projects in developing countries.
Barclays Capital, the bank's investment arm, is already the most active trader in the $144 billion global carbon emissions market and the acquisition will extend its position.
The bank said the deal would be accretive to earnings within a year of completion.

http://greenworldinvestor.com/2010/06/13/does-cdm-carbon-trading-scheme-encourage-profiteering-if-not-outright-fraud/' rel="external nofollow">

You just know it's a complete scam when investment bankers are buying left, right and center

Edited by erranta

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The whole scheme is a fraud magnet! :ph34r::huh:

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The whole scheme is a fraud magnet! :ph34r::huh:

If you give a problem to a scientist, they'll give you a solution that works in theory.

If you give a problem to an engineer, they'll give you a solution that works in practice.

If you give a problem to an economist, they'll find a way for Goldman Sachs to make money out of it.

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The whole scheme is a fraud magnet! :ph34r::huh:

Key words

"Trade in what is effectively, Thin AIR"

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Europe currently imports much of its energy requirements in the form of oil and natural gas. This essential resource is becoming more expensive and makes us dependent on fragile supply lines and often highly volatile markets. We need energy security and in order to do that we need to increase our energy independence. We will still need oil, for plastics, fertiiser, aviation etc but the days when we just casually burn the stuff to power a kettle after Eastenders is not sustainable in the long term.

Our energy independence will have elements of oil, natural gas and coal but it will place a far greater emphasis on both energy efficiency and on renewable energy generation. This emphasis is even greater if you discount nuclear energy as the Germans have just done. Europe has rich sources of renewable energy but maximising the benefits will require enormous investment (€7 trillion over the next 40 years). If we are to meet the target of an 80-95% reduction by 2050 it's best we start this investment in earnest. In fact the UK has already gained leadership in a number of renewable energy technologies and its regulatory structure is regarded as one of the best around.

Climate change is a red herring because investment in renewables is essential regardless of our personal views on global climate. This is all about energy independence and energy security. People who reject the global warming theory often (rightly) point out that just because a phenomenon (e.g. melting sea ice) happens now doesn't mean that it will continue to happen indefinitely. By the same token, just because your computer has energy now doesn't automatically mean that it will in 2050.

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To me there's a fine balance between making your country uncompetitive and destroying it with pollution.

The point about energy security is a good one. Diverisification of the energy supply is not just about combating climate change.

Co2 is not pollution, its essential to life. The green movement will not be taken seriously untill it starts to tackle real issues such as,

nuclear power, GM, the pollution of the gulf of mexico, chemtrails........

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To me there's a fine balance between making your country uncompetitive and destroying it with pollution.

The point about energy security is a good one. Diverisification of the energy supply is not just about combating climate change.

+1

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I don't discount nuclear, carbon capture or natural gas as part of the future energy mix but this video is a very clear and concise explanation of how this sector will develop over the coming decades. Please note the general lack of climate change rhetoric.

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Co2 is not pollution, its essential to life. The green movement will not be taken seriously untill it starts to tackle real issues such as,

nuclear power, GM, the pollution of the gulf of mexico, chemtrails........

Providing its concentration is at a certain level. Try siting in a room at 3% conc of Co2 ;)

Anyway why isnt your abiotic oil process keeping atmospheric CO2 in check? :lol:

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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