Green Markets

EWN Publishing

Archive for the ‘Global’ Category

UNEP sponsors talks on including ecosystem services in “avoided deforestation” regime; aims to establish avoided deforestation as part of voluntary and regulated markets for CO2 dumps

Posted by gmarkets on 11 October, 2007

Deforestation accounted for 20 to 25 per cent of greenhouse gas emissions and was a primary cause of biodiversity loss world wide, according to the Ad Hoc Open-Ended Working Group on Review of Implementation of the Convention at its Second Meeting, 9-13 July 2007, in Paris, France, which was devoted to developing International Payments for Ecosystem Services (IPES). Read the rest of this entry »

Posted in Australia, Emissions, Energy, Global, Green Markets 1002, Plantation forestry | Leave a Comment »

Richest 1pc of US farmers get 72pc of govt subsidies; cotton costs $US156,000 per farmer; global fishing subsidies hurt poor nations, ruin ecology

Posted by gmarkets on 5 October, 2007

In the US, the richest 1 per cent of farmers got 72 per cent of the government payouts, and US cotton subsidies cost nearly $US4 billion, or $US156,000 a farmer, wrote Mike Moore in The Australian Financial Review (4/10/2007, p.63). Read the rest of this entry »

Posted in Agriculture, Australia, Emissions, Energy, Global, Green Markets 1002, Policy, Politics, US, Water | Leave a Comment »

Countries and companies will be paid to stop logging forests under World Bank plan; carbon credit market to help companies meet emissions targets by paying developing countries to halt logging

Posted by gmarkets on 4 October, 2007

Countries and companies will be paid to stop logging forests under a World Bank plan to establish a fund aimed at reshaping the fight against climate change, reported Mark Forbes in Jakarta for The Sydney Morning Herald (25/9/2007, p.10). Read the rest of this entry »

Posted in Australia, Deforestation, Emissions, Energy, Forest, Global, Green Markets 1001, Water | Leave a Comment »

India’s “deviant research” roadshow: helping amateur inventors improve lives; Honey Bee Network now repository for more than 10,000 inventions

Posted by gmarkets on 4 October, 2007

Examples of “deviant research”, so called because they were developed by amateurs trying to solve problems that dogged their daily lives, rather than to make money, were outlined in New Scientist (22/9/2007, p.56). Read the rest of this entry »

Posted in Emissions, Energy, Global, Green Markets 1001, India, Innovation, Transport | 1 Comment »

Green power politics: Ireland’s Green Party to back Govt after winning pledge to cut carbon emissions, introduce carbon levy

Posted by gmarkets on 20 September, 2007

Ireland’s Green Party voted overwhelmingly to back a coalition deal that put them in government for the first time and guarantees a third term for Prime Minister Bertie Ahern, reported The Australian (15/6/2007, p.8). Read the rest of this entry »

Posted in Emissions, Global, Green Markets 0919, Ireland | Leave a Comment »

Indonesia orders Bali lobbying-frenzy to reverse first-round Kyoto agreement that does not include tradeable emissions from forest land

Posted by gmarkets on 20 September, 2007

The APEC summit will help set the stage for the UN climate change conference in Bali in December by putting the Kyoto protocol to one side “and just talking about the Earth”, according to Indonesia’s Environment Minister, reported The Australian (4/9/2007, p.7). Read the rest of this entry »

Posted in Asia, Biofuels, Carbon Price, Credits, Forest, Global, Green Markets 0919, Indonesia, Kyoto, Policy | Leave a Comment »

APEC conference was a disaster, which ended with a “weak and cowardly” declaration on climate change, argue Federal Greens, Democrat senators

Posted by gmarkets on 20 September, 2007

The APEC conference was a disaster which ended with a “weak and cowardly” declaration on climate change, Greens senators say. Read the rest of this entry »

Posted in Asia, Climate, Federal Election, Global, Green Markets 0919, Kyoto, Policy | Leave a Comment »

Satellite maps show shocking gas-flare energy waste: 170bn cubic metres of natural gas lost to oil producers’ flares in 2006; emitting 400mt CO2/yr

Posted by gmarkets on 15 September, 2007

A study commissioned by the World Bank and carried out by the US National Oceanic and Atmospheric Administration estimated that, based on satellite photos, 170 billion cubic metres of natural gas went up in oil producers’ flares last year, reported The Age (1/9/2007, p.B3).

27pc of entire US consumption: The bank said the amount was equivalent to 27 per cent of the entire US consumption of natural gas, and 5.5 per cent of global gas output. Had it been sold in the US at 2006 prices, it would have been worth $US40 billion ($A53 billion at 2006 exchange rates). And were the world’s oil producers a country, gas flares alone would make them one of the biggest polluters on the planet. The flares emit some 400 million tonnes of carbon dioxide a year, more than 1 per cent of the world’s carbon dioxide emissions, and not much less than Australia’s.

Huge waste of energy: Brent Svensson, manager of the bank’s global gas-firing reduction partnership with oil producing companies, said that “Gas flaring not only harms the environment by contributing to global warming, but it is a huge waste of a cleaner source of energy that could be used to generate much needed electricity in poorer countries. In Africa alone, about 40 billion cubic metres of gas are burned every year, which, if put to use, could generate half the electricity needed in that continent.”

Russia the worst culprit: Russia was the worst culprit. From satellite photos, the US scientists estimated that Russia flared-off 50.7 billion cubic metres of gas in 2004, a third of the world’s total. Nigeria’s oil producers were the second worst, burning off 23 billion cubic metres of gas. Iran was third, followed by Iraq, Kazakhstan, Algeria, Angola, Libya, Qatar, Saudi Arabia, China and Indonesia. The US might have been among them, except that the researchers only investigated the flaring at its offshore wells. Australia was a relative cleanskin, but even it flared off 750 million cubic metres of gas.

Progress in reduction is slow: The study examined 12 years of satellite records, concluding that while 16 countries including Indonesia and Norway have reduced their flaring since 1994, 22 others have increased the amount going up in flames. The bank was trying to generate common action by all stakeholders to reduce gas flaring, and find markets and infrastructure to put the surplus gas to use. BP, Shell, ExxonMobil and Chevron were all partners in the enterprise, along with the Organisation of the Petroleum Exporting Countries and its key members. But progress has been slow.

The Age, 1/9/2007, p. B3

Posted in Emissions, Gas, Global, Methane, Policy | 1 Comment »

APEC not the main game: real deal is United Nations Framework Convention for Climate Change, which next meets in Bali in December

Posted by gmarkets on 14 September, 2007

A Phillipines President Gloria Arroyo welcomed climate change discussions at APEC but said the key forum for final negotiations remained the United Nations Framework Convention for Climate Change, which next meets in Bali in December. Australian officials had drafted am APEC flexible deal that stopped short of setting long-term goals for emissions reductions, accommodating the concerns of developing APEC countries, reported The Australian (6/9/2007, p. 1). Draft rewritten: Instead, they wanted to put energy efficiency, which involved reducing fuel use to cut greenhouse emissions, as the centrepiece of prime minister John Howard’s APEC climate change initiative. The draft text on Howard’s Sydney Declaration on climate change, which was being debated by officials, had been significantly rewritten since an earlier version was leaked by Greenpeace two weeks ago.

The Australian, 6/9/2007, p. 1

Posted in ACT, Global, Policy | Leave a Comment »