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CPS Energy of San Antonio has signed the nation’s first power purchase agreement for electricity from a commercial-scale carbon capture project. The utility, the largest one in the U.S. owned by a municipality, will buy about 200 MW of power from the Texas Clean Energy Project, a coal-based power plant with carbon capture planned for just west of Midland-Odessa.
A European Commission analysis said that raising the EU’s 2020 emission reduction target to 30 percent may be less costly than previously reported. The cost of going to 30 percent, previously estimated at about $42 billion, is likely lower due to the economic downturn and resulting lower emissions, and costs for richer and poorer EU nations could be addressed with adjustments to the supply of carbon allowances on the Emissions Trading Scheme (ETS), Reuters said.
LONDON, Jan 19 - International airline partnership Star Alliance will likely tender for a broker this year to help its members buy CO2 permits, while Air France, a member of rival group SkyTeam, said its alliance partners would give first refusal to each other when selling allowances.
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