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Sydney City, Parramatta and North Sydney councils, working towards greenhouse gas reductions through tenancy fit-outs of older buildings: $1bn in Climate Change Summit retrofit public buildings fund

Posted by gmarkets on 3 October, 2007

Businesses were very aware that a deteriorating physical environment was not conducive to growth, said Clover Moore, the Member for Sydney, in the NSW Legislative Assembly on 27 June 2007.

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Eminently possible to deploy existing natural gas and renewable generation options, combined with demand side measures, to meet demand for electrical energy services at tenth to half greenhouse-intensity of a coal-fired power station using super-critical technology

Posted by gmarkets on 3 October, 2007

In a submission to the Owen Inquiry into Electricity Supply in NSW, energy and environment consultant George Wilkenfeld said the rapid enhancement of demand side programs, the introduction of carbon pricing and strengthening the support for renewables and small-scale generation, along with
increasing net imports from Victorian and Queensland, should delay the need for new baseload generation.

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Posted in Coal, Green Markets 1001, NSW, Owen Review | Leave a Comment »

Beginning of the ‘museum’ scenario for Snowy Scheme if privitisation avoided; internal note on the impact on Snowy Hydro of privatisation plan

Posted by gmarkets on 27 September, 2007

According to Matthew Stevens, if Snowy Hydro was forced to sit out the retail resolution, it will lose key customers for its power, reported The Australian (19/9/2007, p.34).

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NSW NGACs sustain 50pc price-crash into second week to $6.35 on light-bulb surplus

Posted by gmarkets on 25 September, 2007

For NSW Greenhouse Abatement Certificates, the fall in value – by half – was sustained into a second week.

NGACs price

Now what? It is the second week in a row of steady or moderate price drops but there is still no consensus on where it will go from here. In the spots, the middle of the week saw most of the activity take place with several large parcels going through at $6.35. A number of small deals also went through slightly above this level. Late in the week a series of forward deals went through, providing some idea of where the prices sat along the curve. The deals that took place — all standard market parcels —inferred a spot price below the spot level established earlier (approximately $6.25)”.

Reference: The Green Room, Edition 121, 24 September 2007. http://www.nges.com.au

Posted in Carbon Price, Green Markets 0920, NSW | Leave a Comment »

Four intense east coast lows lowered and narrowed beaches and exposed seawalls at Sydney’s Narrabeen, Cronulla, Dee Why and Manly beaches: potential danger for summer swimmers, houses in erosion zone

Posted by gmarkets on 22 September, 2007

 Four intense lows on the east coast have brought waves powerful enough to strip sand from beaches and cause erosion, reported The Daily Telegraph (13/8/2007, p. 8).

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Posted in Erosion, NSW, Water | Leave a Comment »

Feasability study into income stream to NSW landholders for conservation services

Posted by gmarkets on 20 September, 2007

New South Wales’ Western Catchment Management Authority has announced a tender for a feasibility study to determine how the Western Division Conservation Trust Group can initiate a self-generating Trust using Australian and NSW Government funds to facilitate an income stream to landholders for conservation services, according to The Sydney Morning Herald (13/8/2007, p. 27. Read the rest of this entry »

Posted in Green Markets 0919, Land, NSW, Policy | Leave a Comment »

Great Aussie backyard burn-off banned: NSW Govt plan to clean up air quality in metropolitan Sydney

Posted by gmarkets on 20 September, 2007

The great Aussie backyard burn-off has been banned under a State Government plan to clean up air quality in metropolitan NSW, reported The Daily Telegraph (5/9/2007, p.7). Read the rest of this entry »

Posted in Fire, Green Markets 0919, Law, NSW, Pollution, Regulation | Leave a Comment »

Owen Report offers NSW Premier a compromise limited retailer sale and generator lease option: potential buyers stand in line

Posted by gmarkets on 18 September, 2007

There was a saying in politics that went something like ‘Never commission anything unless you know what the answer will be’, according to Matthew Warren in the The Australian (15/9/2007, p. 31).

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Under avoided fugitive methane rule: NSW NGACs for waste coal mine gas, but not for coal seam gas, but special case made for waste coal mine gas project

Posted by gmarkets on 18 September, 2007

The NSW Greenhouse Scheme Administrator has recently accredited a power station project that will be supplied via a common fuel network. The network transports waste coal mine gas (WCMG) and coal seam gas (CSG)). The applicant assumed in its calculations that the power station would use 100per cent WCMG on the basis of contractual arrangements for the supply (via the common fuel network) of sufficient WCMG to meet the power station’s requirements, reported GGAS Newsletter, Issue 5, September 2007. It said the decision was made under:

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NSW planners prepare to close NGACs system; prepare for transition to national emissions trading

Posted by gmarkets on 17 September, 2007

The announcement by the Prime Minister in early June that the Commonwealth Government will introduce a national emissions trading scheme follows the announcement in February by all state and territory leaders that their governments would, in the absence of a Commonwealth commitment, implement a national emissions trading scheme by the end of 2010, reported GGAS Newsletter, Issue 5 (10/9/2007).

Transition to national scheme: “Clearly it is now highly likely that Australia will, one way or the other, have a national cap and trade emissions trading scheme within the next five years. Both proposals make clear that the ongoing operation of GGAS would be inconsistent with a national scheme and that transition arrangements will be necessary. The GGAS Scheme Administrator will work with relevant policy agencies as required in assisting with the development of transition proposals,” the newsletter said.

13.8m certificates surrendered: “During 2006 there was a very high level of compliance with Scheme requirements by both benchmark participants and accredited certificate providers,” reported the newsletter. “All benchmark participants have reduced or offset their emissions to their benchmark levels in 2006 or have carried forward a small shortfall. These offset obligations were met through the surrender of 13,802,181 abatement certificates (or their equivalent in Renewable Energy Certificates) representing abatement of an equivalent number of tonnes of carbon dioxide equivalent. …At the end of 2006, there were 167 accredited abatement certificate providers eligible to create abatement certificates, an increase from 146 providers accredited at the end of 2005. This represents a growth in participation in the Scheme by organisations undertaking activities to reduce emissions or enhance the removal of greenhouse gases.”

Numbers of certificates almost double: “These projects created almost 20 million abatement certificates during 2006, which is almost double the 10 million created in 2005. In 2006, the NSW Government extended the Scheme to 2021 or until the establishment of a national emissions trading scheme.” An electronic copy of the report can be downloaded from the Scheme website at http://www.greenhousegas.nsw.gov.au/documents/syn59.asp.

Reference: GGAS Newsletter, Issue 5, September 2007
http://www.greenhousegas.nsw.gov.au/documents/Newsletter_Issue5_September07.pdf

Erisk Net, 10/9/2007

Posted in Credits, NSW | Leave a Comment »